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What Is a Product Breakdown Structure (PBS)? Templates & Examples Included

ProjectManager.com

Projects are designed to deliver a product or a service within a specific timeframe and budget, a process that the project manager oversees. The product breakdown structure can be used in any product management situation, though it stems from the PRINCE2 methodology. PBS accredited to PRINCE2 Wiki. PBS Example.

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How to Create a Project Initiation Document (Template Included)

ProjectManager.com

A project initiation document (PID) is used to define the project thoroughly. It’s similar to a project charter but more in-depth. It’s used primarily in PRINCE2 methodology, which is an acronym that stands for PRojects IN Controlled Environments.

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Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

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Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

And as for cost! We have no idea how much this project cost – mostly because what Pharoah wants, Pharoah gets & money wasn’t really a limiting factor. So was this project a success? You know, you can use it just like you use PRINCE2 or any other methodology. Oh, hiring and staffing inside my project.

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.

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Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Michael, International Journal of Project Management , 19, pp. 3, March 2002.

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How Project Management Will Benefit from Using Artificial Intelligence

International Institute for Learning

Harold Kerzner Introduction Artificial Intelligence (AI) applications have become a major interest of the project management community of practice worldwide. Many companies have already begun implementing AI augmented applications into their processes, tools, techniques, and methodologies for project management.