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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Officially defined by the Project Management Institute’s Project Management Body of Knowledge (PMI’s PMBOK) as “the plans, processes, policies, procedures and knowledge bases specific to and used by the performing organization,” operational process assets influence the management of a project.

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How to do Project Scheduling and Avoiding Scope Creep from the Start

Project Pulse Journal

It is an essential aspect of project management that involves defining, sequencing, estimating, and allocating resources for activities to ensure timely project completion. With a well-structured project schedule, you gain a powerful tool to monitor progress, manage resources, and meet crucial milestones efficiently.

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125 Project Management Buzzwords

The IIL Blog

Change Order A formal request to modify an agreed-upon project scope, schedule, budget, or quality specification. This is generally initiated by the customer/client or stakeholders. Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. of a project.

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Understanding the 8 Functions Associated with Project Management

Project Pulse Journal

Provide Resources and Direction Allocate resources effectively to support operations, tasks, and activities throughout the project phases and achieve targets for project costs and the whole project scope. Maintain Governance Establish policies and procedures to ensure compliance and monitor adherence to frameworks.

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The Hidden Expenses: Understanding Soft Costs in Project Management

Wrike

Soft Costs in Project Management Soft costs in project management refer to the indirect, non-tangible expenses incurred throughout the project lifecycle. This requires investment in monitoring tools, reporting systems, and project management methodologies.

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What is A System for Value Delivery in Project Management

Project Pulse Journal

This system integrates various components and considerations that play a vital role in facilitating the successful delivery of value within the project context. For example, customer satisfaction is one measurement that a project and operation use to identify whether value is realized.

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Simplifying Procurement in Project Management

Project Pulse Journal

This guide offers a step-by-step blueprint for mastering procurement in project management, empowering you to secure the best resources efficiently and cost-effectively while optimizing cost control and inventory management. Initiate Procurement : Establish the groundwork for procurement activities.