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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. What Is an Organizational Process Asset? But there are also tangible items that are just as important.

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The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project.

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Process Manufacturing: Definition, Benefits and Examples

ProjectManager.com

This is called process manufacturing and is a production method that’s common when producing in bulk. To better understand process manufacturing, let’s first define the term and explore the different types of process manufacturing. What Is Process Manufacturing?

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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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Project Evaluation Process: Definition, Methods & Steps

ProjectManager.com

Managing a project is a very challenging, but project evaluation makes it easier. But it’s not as simple as it sounds, project managers need to keep track of costs, tasks and time during the whole project life cycle to make sure everything goes as planned. What Is Project Evaluation? Get started for free. Project Evaluation Criteria.

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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Capital budgeting is a process by which investments in large-scale projects are analyzed, evaluated and prioritized. Whatever capital budgeting decisions one makes, project management software can help track those costs.

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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is Project Management? Get started for free today.