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Implementing Mitigation Strategies for Effective Risk Management

Wrike

Effective risk management is crucial for the success and sustainability of any business. By identifying and addressing potential risks, organizations can minimize their impact and ensure continuity of operations. These risks can arise from various sources, such as financial, operational, legal, or technological factors.

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The Four Actions Framework – For Strategic Project Managers

The Strategic Project Manager

Then it looks at how the framework can be applied in devising strategy, and managing project, programs, and portfolios. The Four Actions Framework, also known as the ERRC framework, is a ‘blue ocean’ strategic management tool introduced in the book “Blue Ocean Strategy” by W.

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Best Practices for Portfolio Project Management: Processes and Tools

LiquidPlanner

Managing a single, complex project feels like a Herculean task when you nail the project deadline with a high-quality output. Handling multiple projects, or portfolio project management, is an entirely different beast. But here’s the real deal: Portfolio project management doesn’t have to be an uphill battle.

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How to Create an Event Budget

ProjectManager.com

Prices for things change and there’s an inherent risk in putting together an event that can impact your budget. Creating and managing a budget is one of the most important parts of delivering a successful event. ProjectManager’s Gantt chart helps you plan and manage event budgets in real time. Learn more. Types of Events.

Budget 332
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Modularized megaprojects: What we can learn from Tesla (Part 2)

Inloox

In this second part, we show to what extent the modularization of a project can provide a remedy for the problems mentioned, what is meant by positive and negative learning, and the relevance of modular project management in practice. Modular project management makes this possible.

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Business Process Improvement: What it is and How to Implement it

nTask

According to surveys conducted, as of 2016, 66% of enterprises run a business process improvement program occasionally or never. What is Business Process Improvement? Before you can work towards improving your company’s business processes, it is imperative to understand what a business process is.

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Operations vs. Strategy: Balancing Execution and Planning in Business

Wrike

In today’s business world, there are two key drivers of success: operations and strategy. In this short guide, we will explore the key components of each and offer strategies for integrating them for optimal business performance. It encompasses everything from supply chain management to quality control to customer service.