ProjectManager.com
AUGUST 22, 2023
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. Risk Management A project risk is an unexpected event, which can be positive or negative.
ProjectManager.com
OCTOBER 21, 2022
As with any profession, it’s also advisable for you to participate in professional events such as conferences and seminars to stay on top of the program management best practices. This certification program by the project management institute (PMI) validates your knowledge and experience as a program manager.
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Rebel’s Guide to PM
AUGUST 29, 2021
In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans. The PMI definition of risk is: “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.”. Here is a list of common project cost risks.
The IIL Blog
SEPTEMBER 13, 2023
For example, the projects must be delivered by a certain date. For example, IF the project costs more than planned, THEN there are multiple potential impacts. Risks are future events with a likelihood of occurrence and potential impact. IF this event occurs, THEN this is the impact. Constraints also create risks.
MPUG
APRIL 2, 2024
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.” Project Management as a Profession As a Profession , it has its roots in the 1950s and 1960s when the U.S.
The IIL Blog
OCTOBER 17, 2023
Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. Also known as continuous process improvement.
Project Pulse Journal
MARCH 7, 2024
Schedule Management: Involves the formulation, monitoring, and regulation of the project schedule to ensure timely execution of project activities, optimal resource management, and mitigation of schedule risks. Negative risks or threats are events or circumstances that could potentially harm the project's objectives.
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