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Project Estimating: The Only Guide You Need

Rebel’s Guide to PM

Frankly it’s too hot, but it has made me realize one thing: I am no good at estimating. In fact, I’ve always known that I’m not good at estimating. The only thing I can estimate is time. In this article I’ll share estimating techniques for schedules and budgets: the kind of things we need to know to get projects done.

Estimate 381
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Runn Software Review

Rebel’s Guide to PM

Summary review of Runn: If you find managing resources a headache because you never know who is free when, then check out what Runn can do. It sits in the middle of your tech stack, integrating projects information from your CRM and financial systems. Hosting model: Cloud only. Languages: The interface is available in English only.

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Overcoming bias in project management

Rebel’s Guide to PM

Anchoring occurs when a project manager adjusts an estimate closer to a number she previously heard or saw. ” Even if the project manager disbelieves the two-week estimate, she would be unlikely to stick to her two-month plan. The performance improvements will bring real benefits to the individual and the organization.

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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. 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. Capital is money. Conducting a feasibility study is a good idea.

Budget 340
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Operations Management: Key Functions, Roles and Skills

ProjectManager.com

Company resources, such as staffing, materials, equipment and technology, are all part of the optimization process of operations management. Finance & Accounting Accounting is all the financial transactions within a company. They also evaluate suppliers, negotiate contracts and review product quality.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

This could be due to staffing levels or other projects being staffed instead due to higher business priority. External risks can occur due to a variety of factors, often caused by influences more outside of our immediate control. This can cause some tasks to take more time than normal due to starting and stopping multiple times.

Risk 317
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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Information technology (IT) runs most businesses. This will include an accurate estimate of decentralized IT spending and shadow IT spending, the former being the distribution of functions, control and information, while the latter is IT-related hardware and software use without the knowledge of the IT department.

Budget 338