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Project Management Process Groups: A Quick Guide

ProjectManager.com

There are a thousand things that constantly impact the project and require you to reallocate resources to stay on track. 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?

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Project Cost Estimation: Overview of the Process, Main Challenges, and Recommendations

Epicflow Blog

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. At the same time, the forecasted cost should not be too overestimated or underestimated. What helps make cost estimation simple and efficient?

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Project Financial Management: Managing Project Financials

ProjectManager.com

We’ll get to that and define the various project financials before getting into the process of managing a project’s finances. What Is Project Financial Management? Project financial management is the process of controlling the financial aspect of a project, such as its cost, revenue and profit.

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Top 10 Project Management Qualifications

ProjectManager.com

Project Planning Project planning is organizing tasks, the resources needed to complete them, costs and schedules to deliver a product or service by the deadline. Project planning is the second stage in project management, after initiation and before execution, monitoring and controlling and closing.

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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Projects vs operations The short answer to the question: “What’s the difference between projects and operations?” Projects change the business. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things!

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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Capital budgeting is a process by which investments in large-scale projects are analyzed, evaluated and prioritized. Capital Budgeting Process There are various ways a company will execute the capital budgeting process.

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Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Being able to track your resources is how you keep to your budget, and project management software helps monitor costs. ProjectManager is project and work management software that delivers real-time data on your construction project. Using a project management tool is essential to managing a construction budget.