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Top 10 Project Management Qualifications

ProjectManager.com

Project Budgeting The project budget is what the project will cost to complete. It includes all project resources, from people to equipment and materials, which are needed to execute the project. Project budgets are estimated by project managers and then approved by the project client or stakeholders.

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The 10 Project Management Knowledge Areas (PMBOK)

ProjectManager.com

PMBOK stands for Project Management Body of Knowledge. It is a set of standard terminology and guidelines for project management published and updated by The Project Management Institute (PMI). What Are the Project Management Knowledge Areas? This is mostly for larger projects. Project Cost Management.

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Resource Smoothing Steps, Templates and Tools

ProjectManager.com

There are a number of things a project manager can do, but the goal is always the same: meeting the deadline without resources spiking or falling. That means that the project cost can increase as opposed to the project taking a longer time as in resource-leveling. Resource smoothing doesn’t affect the critical path.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there. In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans. Here is a list of common project cost risks.

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What is Project Management

MPUG

What is a Project The Project Management Institutes (PMI) PMBOK defines a project is “a temporary endeavor undertaken to create a unique product, service or result.” Likewise, the project manager can set milestones, dates by which important aspects of the project need to be met.

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Rough Order of Magnitude (ROM) Estimate and How to Calculate It (with example)

Rebel’s Guide to PM

What is a ROM estimate used for? A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets.

Estimate 452
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Episode 195 – Estimate This: Managing Project Estimation

Velociteach

We are taking a fresh look at project estimation. Topics include the estimation obstacles project managers commonly face, key factors essential for accurate projections, the impact of organizational culture, implementing cost management strategies, and navigating the risks of underestimating or overestimating project estimates.