Remove Estimate Remove Governance Remove Project Cost Remove Sustainability
article thumbnail

Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

Projects are instrumental in defining an organization’s vision for a more sustainable future. Dr. Joel Carboni talks about Sustainable Project Management, and the goal to achieve a stated objective while considering the project outcome’s entire lifecycle to ensure a net positive environmental, social, and economic impact.

article thumbnail

What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

A capital improvement plan (CIP) is used by organizations to make smart budgeting decisions on which large projects or purchases to pursue. This is a tool used more often by public entities such as local governments for major public expenditures. A financing plan will have to be created, estimating the overall cost of each project.

Planning 329
Insiders

Sign Up for our Newsletter

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

article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Some refer to these as brick-and-mortar costs, because these costs include the structure, construction site and landscape. When it comes to budgeting, hard costs are easier to estimate. As you can imagine, these intangible costs will prove far more difficult for you to estimate as you build a budget for your project.

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

You will confidently align projects with organizational objectives, optimize resource utilization, and foster stakeholder engagement to deliver tangible value at every stage of the project lifecycle. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. Accuracy - how close is the estimate to the actual value?

2003 46
article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Evaluation of the Risk Analysis and Cost Management (RACM) Model,” Matthew S. Estimation of Long?Term reducible and irreducible ? Dorofee, et.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Estimation of Long?Term Dorofee, et.