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Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

Then we’ll show you how to make a budget using both so you can make an informed decision. Bottom-up budgeting is, as its name suggests, budgeting that starts from the departments in an organization and then moves up to senior management. It’s a high-level budget based on the company’s objectives. What Is Bottom-Up Budgeting?

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What Is Organizational Strategy in Business? (Examples Included)

ProjectManager.com

Organizational strategy is the long-term planning a company does to achieve some goal in the future. It involves how the company will allocate its resources to support business activities that lead to achieving those long-term goals. ProjectManager’s roadmaps keep you aligned with targets to meet long-term goals.

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The Importance of Operational Project Management for Businesses

ProjectManager.com

To better understand operational project management requires defining what an operational project is, how it differs from strategic projects and what operational project management is. The goals of an operational project are to reduce costs, get work done more efficiently or produce a higher-quality product.

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How to Create a Strategy Map for Your Organization

ProjectManager.com

That is, they all develop strategic plans to achieve long-term goals to create value. A strategy map is a simple graphic that illustrates the logical, cause-and-effect relationships between an organization’s strategic objectives. ProjectManager’s Gantt charts help you achieve the objectives on your strategy map. Learn more.

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Tactical Planning: Creating a Tactical Plan for Your Business

ProjectManager.com

Tactical planning tells you how to get there. It’s about execution and, therefore, critical to achieving your strategic goals. Let’s dive a bit deeper into the subject and explain how it differs from other types of planning, its benefits and more. What Is Tactical Planning? This can apply to a business or a project team.

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What Is Program Governance? Importance & Benefits

ProjectManager.com

A program is a set of connected projects that are under the oversight of a steering committee, which is the program governance body. Program governance is a practical way for an organization’s program to deliver success by guiding it and providing good management. But what does program governance mean and why is it so important?

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How to Build and Implement a Project Strategy

ProjectManager.com

While they all have a timeframe and end with a deliverable, they require unique methodologies and steps to reach their goals. This should align with the larger goals and objectives of the organization. Once you have a basic project strategy, it can be reused for multiple projects by tweaking it to fit the new goals.

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