article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Project management software will help to plan, manage and track that project to ensure that it is delivered on time and within the budget. Track Project Costs, Budget and Performance When executing the project, it’s crucial that managers monitor that work. Get started with ProjectManager today for free.

Budget 346
article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Besides the examples above, an operational process asset can be any practice or knowledge from anything used to execute or govern the project, even lessons learned from previous projects and historical data. Organizational process assets may also include schedules, risk data and earned value data.

Process 367
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. What Is a Project? A project is a sequence of tasks that lead toward a singular goal. This free template is ideal for beginner project managers.

article thumbnail

A Quick Guide to Project Charters: Definition, Steps & Key Elements

ProjectManager.com

So, those are the broad strokes, and while a project statement doesn’t need to go into great detail, there are many more key elements to it than these general statements. State the Project Information. This project timeline should show key deliverables, milestones and project stages, so that stakeholders understand the big picture.

article thumbnail

General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

You’ll find general conditions in the project contract, the specifications and the project costs. To understand general conditions in construction, we need to define them as it applies to each place in the construction project. The general conditions in this place are specific to the project.

article thumbnail

14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? It helps to think of risks in categories.

Risk 320
article thumbnail

SWOT analysis in project management: definition, instruction & example

Inloox

Identifying and seizing these opportunities early on can mean the difference between a good and a great project outcome. Assessment of threats It draws attention to potential external risks and threats that could negatively impact the project. Instead, we need to exploit the findings and derive strategies.