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Lean Construction Principles & Best Practices

ProjectManager.com

From the world of manufacturing comes an approach called lean construction. But lean manufacturing and lean construction are two different things. Let’s explore lean construction, defining what it is and its key principles. What Is Lean Construction? ProjectManager has Gantt charts to manage your lean construction.

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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. As noted, the rough order of magnitude is a technique to estimate project costs.

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Lean Portfolio Management: Lean Budgets and Investment Funding

Planview

This blog is part of a series on Lean portfolio management. If you haven’t already, we recommend reading part one first, “ What is Lean Portfolio Management ,” which you can find here . In this post, we’ll discuss a fundamental component of Lean portfolio management: funding. This is where Lean budgeting comes in.

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Kanban History: Origin & Expansion Across Industries

ProjectManager.com

Kanban history has informed everything from manufacturing to software development. ProjectManager is award-winning project and portfolio management software that has powerful kanban features that can estimate project costs and track resource allocation. Get started with ProjectManager today for free. Kanban as a name came later.

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Return On Investment Vs Lean Agile Metrics for Strategic PMs

The Strategic Project Manager

However, the speed of change has made these methods less reliable – and ushered in a more lean-agile approach to metrics. This post examines the difference between ROI and Lean-Agile metrics, It identifies the key metrics of each, and the drivers behind those metrics. Value is delivered in small increments over time.

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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. The baseline is established based on different sources of information such as project files from previous projects or subject matter expert opinions. It is also called a Business Case.

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Production Capacity: Formula, Examples

ProjectManager.com

It informs their production planning, helps them give their customers more accurate lead times and forecasts cash flow. Manufacturers need to give their customers an accurate estimate of the lead time so they know when to expect the goods they’re going to sell. The more accurate those estimates are, the greater customer satisfaction.