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The Buyer Value Equation, Strategy, & Project Management

The Strategic Project Manager

Finally, it looks at the impact and application of the Buyer Value Equation framework for developing strategy and managing projects. The “Buyer Value Equation” is a concept used in marketing and business strategy to quantify the value proposition that a product or service offers to potential buyers.

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SWOT analysis in project management: definition, instruction & example

Inloox

How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. This knowledge enables the project team to develop and implement risk management strategies to avoid potential obstacles or mitigate their impact.

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What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

This business economics tool allows organizations to tag the price of their product or service by its cost drivers, or the components that make up that final deliverable. This process is part of a larger cost-reduction strategy and provides opportunities for businesses to remain viable and profitable.

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Business Acumen for Project Managers [Free Checklist]

Rebel’s Guide to PM

PMI defines it like this: Professionals with business acumen understand the macro and micro influences in their organization and industry and have the function-specific or domain-specific knowledge to make good decisions. Read the company’s 3 year plan or their strategy document (this might be a section in the annual report).

PMI 386
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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

This means this methodology greatly influences how your team operates and might even require you to make hiring decisions based on it. On top of that, ProjectManager’s kanban boards automatically sync with timesheets, real-time dashboards and project reports that allow you to further zoom into your resource utilization and project costs.

SCRUM 412
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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 367
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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. Think of project controls as the mechanism that keeps a project on schedule when planning and executing, keeping costs within budget. Cost estimates. Methodology.