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Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

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How to recruit an outstanding project manager (Part I)

Susanne Madsen

The project manager is the central point of coordination and communication , one minute focusing on detailed tasks, the next liaising with the customer and providing inspiration and a big picture vision for the team to follow. He must have attention to detail and also have the ability to lead and focus the team.

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The Complete Glossary of 614 Project Management Terms

Workamajig

This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Acceptance Criteria: A set of formal requirements that a project must pass before it can be accepted by the project sponsors. Approach Analysis is used during the Planning phase of each project.

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. is a randomly chosen amount of time a task can be postponed without risk of delaying the project completion moment. Acquire Project Team .

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. is a randomly chosen amount of time a task can be postponed without risk of delaying the project completion moment. Acquire Project Team .

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.

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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. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Michael, International Journal of Project Management , 19, pp. 3, March 2002.