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How to Build and Implement a Project Strategy

ProjectManager.com

Every project is different. Project strategy is the plan that defines a project, which is why project management strategy is so important. We’ll go over that and link to free project management templates that can help you in this process. What Is Project Strategy?

Budget 378
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Capacity Management in Business Operations

ProjectManager.com

The process of achieving that goal is called capacity management. To understand capacity management, we’ll first fully define the term, list the different types and explain why it’s so important in operations management. What Is Capacity Management? What Is Capacity Management?

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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

No one needs to tell you that projects cost money. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates?

Estimate 354
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Strategic Project Management: Planning Strategic Projects

ProjectManager.com

Projects are often viewed as standalone events. Projects are often part of an organization’s larger goals and objectives. Strategic project management understands this. What Is Strategic Project Management? It views a project through the lens of how it connects to the overall strategic plan of the company.

Planning 401
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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Everything you need to know about project management terms is here in one list! Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects.

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. But unfortunately, many resource managers have to rely on approximation and guesswork because they don’t have the right tools and techniques. Let us begin with the basics.

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What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

Manufacturing a product or constructing a building is a complicated process, which in turn makes determining the price for that product equally difficult to discern. There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product.