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Crafting an Impactful Strategy Document for Business Success

Wrike

It provides clarity to your team and helps align everyone towards a common objective. In this article, we will explore the importance of a strategy document, the key elements it should contain, the steps to create one, and tips to make it more effective. Foster collaboration and coordination between different teams and departments.

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4 Common Pitfalls to Avoid When Implementing OKRs

LiquidPlanner

OKRs are a goal-setting framework developed by Intel co-founder Andy Grove and implemented at major companies like Google. Ideally, a business constructs a pyramid of OKRs that connects individual goals to team goals and broader company objectives, giving business leaders a more tangible path to success. How it affects your business.

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Agency utilization rate: 9 steps to increasing billable time

Resource Guru

The result tells you the percentage of time that your team spends on projects that actually bring in money. A high utilization rate means your team is focused and efficient. Billable hours: These are the hours your team spends on client projects. Billable hours directly contribute to revenue.

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. Suppose a project manager has an upcoming project for website development and design. Let’s consider an example of resource forecasting in project management.

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Planning for Success: How to Use a 5 Year Plan Template

Wrike

In this article, we will explore the importance of a 5 Year Plan, break down its template, provide tips on how to effectively use it, and share inspiring case studies. It helps you anticipate potential challenges and develop contingency plans, reducing the impact of unexpected events.

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Your Complete Guide to Mastering Cross-Selling and Up-Selling Strategies

Wrike

Another tip is to focus on recommending complementary items that provide additional value. Verify that your sales team is well-trained and knowledgeable about the products or services being up-sold. As your business evolves, it is important to make sure that your team stays up to date with the latest product developments.

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Five Steps to Rapid Recovery of Failing Projects

Strategy Execution | PMO Perspectives

Maybe you lost a key member of your project team or were given unrealistic deadlines. Because the RPM and his or her team are “outsiders” it is important at the outset that the project manager (PM) and his or her team are committed to working with the assessment and recovery team (ART). Figure 2: Rapid Assessment Model.