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How to Create a Performance Measurement Baseline for Your Projects

ProjectManager.com

Projects are planned and then life happens. Ideally, project managers know better than to execute their project plans without a performance measurement baseline. What Is a Performance Measurement Baseline? This is one tool project managers use to see where they are versus where they planned to be.

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125 Project Management Buzzwords

The IIL Blog

Baseline An original plan for measuring performance and tracking changes. Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Capacity Planning To identify the number of resources (e.g., identify items such as benefits and costs).

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Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

It helps in strategic planning by highlighting opportunities for creating a “blue ocean” of uncontested market space, where competition is irrelevant or minimal. Identify areas where your company is performing well compared to competitors and areas where there is room for improvement.

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Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

Strategic Planning – During strategic planning, a strategist would use tools such as the strategy canvas and the four actions framework to assess the company’s current strategic profile and identify areas for value innovation. Value innovation can serve as a guiding principle throughout the strategic planning process.

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What Is A Scope Management Plan And How To Create One?

Techno-PM

Scope Management Plan When projects fail, scope issues are frequently a key factor. That’s why projects need a solid scope management plan. Without a scope management plan, stakeholders may operate with bad assumptions. Scope Management Plan Project Scope Management: What is it and how is it important?

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Project Management Process & Phases

ProProfs Project Management

Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. The main tools used in initiation are the business case document and the benefits management plan. . Once the project is approved in the initiation phase, the next thing to do is planning.

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What is A System for Value Delivery in Project Management

Project Pulse Journal

In the constantly changing field of project management, it is essential to know and be familiar with the system for value delivery - it is a necessary part of your strategic planning and business success. With the fast pace of business, the system for value delivery can seem overwhelming.