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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Projects and operations are both necessary for businesses to succeed, but they require different approaches. When it comes to managing them effectively, understanding the differences between projects and operations is key. Projects change the business. The status quo is good but project managers keep changing things!

Retail 400
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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. The use of capital budgeting offers an objective view that helps managers figure out how to invest capital in order to increase business value but also helps the overall health of the company. Capital is money.

Budget 340
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10 Free Manufacturing Excel Templates

ProjectManager.com

A production schedule template is an essential part of your supply chain management. It helps you manage your resources effectively and even supports the sales team as they know when products will be delivered and available for sale. Gantt charts have been essential project management tools for over a century.

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

SCRUM 411
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What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

Can project management software facilitate this work? A capital improvement plan (CIP) is used by organizations to make smart budgeting decisions on which large projects or purchases to pursue. This is usually a multi-year project, often four to six years. This is why you want to rank the projects by priority.

Planning 322
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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? Internal risks. Lack of support.

Risk 317
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What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product. Using a cost breakdown is essential to developing a sound cost breakdown analysis and selling that product or delivering the project at a profit.