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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Projects vs operations The short answer to the question: “What’s the difference between projects and operations?” Projects change the business. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things! More on that later.

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

ProjectManager.com

A capital improvement plan (CIP) is used by organizations to make smart budgeting decisions on which large projects or purchases to pursue. This is a tool used more often by public entities such as local governments for major public expenditures. This is why you want to rank the projects by priority. Evaluation and Selection.

Planning 328
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Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

To help forecast their impact on a construction project, accounting will often break them down into categories: Architectural, Design and Studies Fees: These include feasibility studies, testing consultants, professional services, hiring health and safety experts.

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Net Operating Value - A New Way to Look at Project Costs

PM That Works

During the budgeting process usually the year before an idea for a project is suggested. Then this idea goes through some cycles and an estimated budget gets placed on the project list for the coming year. When the project is kicked off, the budget is set to the estimated budget. Enter Net Operating Value.

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125 Project Management Buzzwords

The IIL Blog

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. Burndown Chart A tool in Agile project management that tracks the work completed and the work remaining to help teams manage progress.

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Starting a PMO

MPUG

PMI describes the Project Management Office (PMO) as a strategic driver for organizational excellence. The PMO seeks to enhance the practices of execution management, organizational governance, and strategic change leadership. Remember, People + Process = Success. Do any of the projects link back to corporate strategy or goals?

PMO 112
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Simplifying Procurement in Project Management

Project Pulse Journal

Malinawan, PMP Are you struggling to navigate the complexities of procurement in your projects, feeling overwhelmed by the daunting task of managing numerous suppliers and contracts? Imagine a streamlined approach that simplifies the procurement process and aligns perfectly with your project's strategic objectives.