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Stakeholder Mapping 101: A Quick Guide to Stakeholder Maps

ProjectManager.com

Map your stakeholders and keep them in the loop with ProjectManager.com’s project management features. A stakeholder map is a visual, four-quadrant influence-interest matrix used to identify stakeholders and categorize them in terms of their influence and interest in the project. Try it for yourself today!

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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.

Process 368
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Project Controls: A Quick Guide

ProjectManager.com

Think of project controls as the mechanism that keeps a project on schedule when planning and executing, keeping costs within budget. This means saving the project and the organization time and money. Furthermore, project controls help to answer important questions about the project. Project Implementation.

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

It facilitates effective resource allocation and leads to the success of projects. Additionally, these are some of the critical benefits of resource forecasting in project management, which we’ll discuss below. Even though employees are assigned to the project, it does not necessarily translate into more revenue for the business.

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Top-Down Estimating: A Comprehensive Guide

Teamweek

Top-down estimating relies on historical data and input from experienced team members to develop project estimates. This estimating method is best used for a quick estimation of the project costs rather than highly accurate forecasts. Project managers use top-down estimation to get a high-level cost view.

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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

Monte Carlo integration facilitates better budgeting by highlighting potential cost overruns and allowing for more accurate contingency reserves. Aids in communication with stakeholders by presenting tangible data on the risks involved. ACTION: Randomly sample from these distributions to simulate the cost for each component.

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Understanding the 8 Functions Associated with Project Management

Project Pulse Journal

Communicate project objectives to stakeholders and the project team to foster alignment of strategies. Presenting sprint objectives and providing timely feedback during retrospectives to improve collaboration and outcomes, further strengthening project teams. References Project Management Institute.