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How to Fix 5 Project Management Skills Gaps

Rebel’s Guide to PM

Learn how to help your team manage risk so you can split the work between you. Boost your skills: Make sure everyone on the team knows how to manage risks and what the process is. Boost your skills: Start by understanding how to manage a change as laid out by your Project Management Office.

Finance 319
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How to create a project budget

Rebel’s Guide to PM

In this article we’ll look at how to segment costs, how to find out the cost of things, and then how to structure your budget. Don’t routinely put these costs in your project budget – if you have any doubts or you think they (or some of them) should go in, check with your finance team. Let’s look at those next.

Budget 307
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What Is Contract Administration? Key Practices and Processes

ProjectManager.com

Contract administration is the process of creating a contract between employer and contractor. The process ends when the contract is agreed upon and everyone has signed the dotted line. Contract administration can be a long process, especially if it is the first time an employer and contractor are working together.

Process 453
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The Budgeting Process in Business & Project Management

ProjectManager.com

Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. By understanding the budgeting process for business and project management , it’s easier to understand how to make a budget for your company or project.

Budget 251
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What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

That creates a dilemma: how to spend their budget. How do you go about creating a capital improvement plan document? The capital improvement plan is used to coordinate between community planning and fiscal management to determine the location, timing and financing of the capital improvement. They are as follows. Submission.

Planning 329
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Project Management Processes & Phases

ProjectManager.com

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. The project plan will include what resources are needed, financing and materials. If not, evaluate how to improve the quality. Initiation.

Process 402
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What Is an Audit Trail & How to Conduct One

ProjectManager.com

Any business with transactions, work processes, accounting and trades can benefit from knowing what an audit trail is, the different types of audit trails and how to do one. That can be brokerage transactions in finance, medical records in healthcare and process documentation in project management. What Is an Audit Trail?