article thumbnail

What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

To better illustrate how a balanced scorecard works, we’ll also show an example of one and then share a free template to help you get started with yours. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth. What Is a Balanced Scorecard?

article thumbnail

What Is Organizational Strategy in Business? (Examples Included)

ProjectManager.com

Examples of Corporate-Level Strategies Organizational strategy is all about finding the best way to allocate resources to meet long-term goals. Here are some examples of how that’s done on the corporate level. Finance: Various initiatives include reducing operational expenses or implementing a new budgeting system.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

We’ll get into the benefits of a schedule of values in a moment, but the use of this project document helps with financial control, payment management, project monitoring and documentation throughout the project. Schedule of Values Example To better understand the process of a schedule of values, let’s explore how to make one.

article thumbnail

Industrial Construction: Examples of Industrial Projects

ProjectManager.com

For example, commercial construction can be classified into three subcategories of retail, office, multifamily and industrial construction. To further illustrate what industrial construction is, we’ll offer five examples and some of the challenges inherent in the construction sector. What Is Industrial Construction?

article thumbnail

Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

From examples of project activities in a business versus operational activities to strategies for balancing projects and operations simultaneously — this article will help you understand the differences and consider the similarities. These are all great sources of examples of projects. Next up, examples of operations management.

Retail 407
article thumbnail

Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Construction projects will never get off the ground without financing. ProjectManager is a cloud-based construction management software that plans, monitors and reports on your construction budget in real time. This includes the lot price, real estate fees, financing and taxes. You might miss dependencies, design flaws and more.

article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Being able to track your resources is how you keep to your budget, and project management software helps monitor costs. Monitor construction costs in real time with ProjectManager’s live dashboards.— Monitor construction costs in real time with ProjectManager’s live dashboards.— Hard Costs in Construction Examples.