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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

The time value of money is about the potential rate of return on the investment as well as the reduced purchasing power over time due to inflation. Gather Project Proposals First, you’ll want to review the various project proposals and investment opportunities. Conducting a feasibility study is a good idea.

Budget 346
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The 12 Agile Principles: Definitions & How to Use Them

ProjectManager.com

If you did the due diligence beforehand, then you can trust them to do the work. Of course you’ll monitor that work, and step in as needed, but stay out of their way. Continuous Attention to Technical Excellence and Good Design Enhances Agility. It takes you away from what you should be focusing on. Fix them now.

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Everything You Need to Know About Release Managers

Rebel’s Guide to PM

The release manager at my last job worked closely with the development team to review what code changes would be coming. Once everything looks good from a technical standpoint, the release manager could start working on preparing communications about the upcoming software change. And then the cycle begins again!

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Industrial Processes: Definitions & Examples

ProjectManager.com

Let’s explore a deeper definition of industrial processes and then break it down into different types. There are also several layers of automation used that can include computers, robots or cloud-based technologies. The downside is that production usually takes longer due to more setup and removal.

Process 195
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IT Audit: Definition & Quick Guide

ProjectManager.com

Bottom line: technology is useful, but it’s also vulnerable. An information technology audit is therefore an official examination of the IT infrastructure, policies and operations of an organization. IT audits have been going on since the mid-1960s and continuously evolving since that point as the technology advances.

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What Is a Virtual Team? Definition & Examples

ProjectManager.com

Organizations have realized the benefit of using technology to look beyond their local community for talent. According to the Harvard Business Review, virtual teams are more engaged than those who are working in the same location. By definition, a virtual team must be connected to the internet. Innovative Atmosphere.

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7 Secrets to Successful Project Manager/Team Collaboration

Rebel’s Guide to PM

Here is what we learned from an invaluable brainstorming session with our Tech Lead. A project manager knows that these project fundamentals will guide decisions throughout the project, so their role in this initial phase is to support the team in forming a shared understanding and clear definitions of these fundamentals.