Remove Budget Remove Definition Remove Risk Remove Software Remove Technical Review
article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 394
article thumbnail

What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Information technology (IT) runs most businesses. Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget?

Budget 390
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Project Risk Management: How-to guide (with tips)

Rebel’s Guide to PM

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business.

article thumbnail

Risk Breakdown Structure for Projects: A Complete Guide to RBS

ProjectManager.com

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

Risk 407
article thumbnail

Everything You Need to Know About Release Managers

Rebel’s Guide to PM

My software projects needed releasing, so we had to follow the formal process and engage with the release manager to make sure that the bug fixes and new features got pushed to the production environment in a controlled way. The role of a release manager is crucial in ensuring that software projects are completed on time and within budget.

article thumbnail

Business Process Improvement: Steps & Methodologies

ProjectManager.com

Technology, labor, distribution and consumer demographics have all massively changed just in the last few years. Management: This includes such processes as corporate governance , budget and employee oversight. You can uncover areas ripe for improvement by conducting a process audit to discover where issues and risks lurk.

Process 408
article thumbnail

11 Project management skills employers expect you to have

Rebel’s Guide to PM

The core competencies you need as a project manager today The project management skills you should be looking to develop are definitely ‘soft’ or interpersonal skills (also called power skills) in their widest form. Plus, there are technical skills we have to consider -- employers definitely look for those too.