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The Buyer Value Equation, Strategy, & Project Management

The Strategic Project Manager

Finally, it looks at the impact and application of the Buyer Value Equation framework for developing strategy and managing projects. The “Buyer Value Equation” is a concept used in marketing and business strategy to quantify the value proposition that a product or service offers to potential buyers.

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Scrum is a project management framework with well-defined roles, guidelines and procedures that ensure this methodology is implemented consistently. Scrum is often used by smaller teams in what they call sprints , made up of tasks of a shorter duration, to make the project more flexible and adaptable to change.

SCRUM 412
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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

These organizational process assets are critical to a project’s success and its operations. To make sure you understand what organizational process assets are, first, we’ll define the terms and explain their importance. Let’s define each of these types. Then we’ll get into some examples to fully illustrate their meaning.

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What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

This business economics tool allows organizations to tag the price of their product or service by its cost drivers, or the components that make up that final deliverable. This process is part of a larger cost-reduction strategy and provides opportunities for businesses to remain viable and profitable.

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Business Acumen for Project Managers [Free Checklist]

Rebel’s Guide to PM

PMI defines it like this: Professionals with business acumen understand the macro and micro influences in their organization and industry and have the function-specific or domain-specific knowledge to make good decisions. Read the company’s 3 year plan or their strategy document (this might be a section in the annual report).

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

Suppose a project manager has an upcoming project for website development and design. The project has a defined timeline of six months, and the resources involved are developers, testers, UI/UX designers, analysts, etc. The company wants to accurately forecast and allocate resources to ensure smooth project execution.

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10 Project Constraints That Endanger Your Project’s Success

ProjectManager.com

One of the biggest challenges of every project manager is project constraints. They limit a project, and they can quickly endanger your project’s success. Hence, it’s important to know all possible constraints, their influences on each other and the project management tools that address those constraints.