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Risk Mitigation in Project Management

ProjectManager.com

Risk is something every leader knows well. We all need to become comfortable with some risks. We are never going to eliminate all risks. What Is Risk Mitigation? It involves a process that we’ll explore in a moment but basically addresses the top risks in order to fully protect the project. Learn more.

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What Is Project Risk? 7 Project Risks to Track

ProjectManager.com

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 397
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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. As noted, the rough order of magnitude is a technique to estimate project costs.

Estimate 348
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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Whatever capital budgeting decisions one makes, project management software can help track those costs. ProjectManager is award-winning project management software that tracks capital budgets in real time. Again, project management software has features to do this. We’ll help you get that return on your capital investment.

Budget 343
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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

ProjectManager is powerful project management software that can be used by both experienced and beginner project managers and team members to manage projects. A different approach that is gaining popularity is called Agile , which comes from software development. Get started for free today.

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

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General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements. Project management software can help ensure that all general conditions in your commercial construction project are included in the project plan.