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Project Management Process Groups: A Quick Guide

ProjectManager.com

To keep to your schedule and manage costs, you need to gather and process project data throughout the five PMBOK project management groups. What Are the 5 PMBOK Project Management Process Groups? Project management software helps project managers stay on top of each of these process groups.

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Guide to Effective Project Cost Management

EasyProjects

Whether it’s designing a new product or improving upon an existing work process, nothing matters more than how much it will cost the company in the end. This is where project cost management comes into play. For this reason, a budget must be determined to ensure that the allocated project costs stay in line.

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How to Build and Implement a Project Strategy

ProjectManager.com

To better manage projects, one must clearly understand project strategy, who’s responsible for it in the organization and the steps to create a project strategy. We’ll go over that and link to free project management templates that can help you in this process. What Is Project Strategy?

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Kanban History: Origin & Expansion Across Industries

ProjectManager.com

The kanban board is broken down into columns that represent the different stages of a process, and the kanban cards are individual tasks that move from one column to the next as they move through the process. This created less waste and increased the efficiency of processes. When one bin is empty, the next bin refills it.

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Top 10 Project Management Qualifications

ProjectManager.com

Project budgets are estimated by project managers and then approved by the project client or stakeholders. Risk Management A project risk is an unexpected event, which can be positive or negative. The project should be driven by business analysis that directs the benefits of delivering its product or service.

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How to create a project budget

Rebel’s Guide to PM

If you are planning a budget for a project proposal i.e. pitching to someone else for them to secure your services to deliver a piece of work, then read this article about preparing a budget for a proposal. What is included in a project budget? I find this helps me establish what’s in the project budget and what isn’t.

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How to Improve Your Project Evaluation Process

ProProfs Project Management

Moreover, with all the data at hand, you can look forward to nailing future projects. . What can be the consequences of poor project evaluation? . According to Saaslist , Project management challenges like poor project evaluation process cost businesses $109 million for every $1 billion invested in a project. .