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What is the Management Reserve for Project Budgets?

Project Risk Coach

Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. These risks are known – that is, they've been identified. These risks have not been identified.

Budget 284
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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document.

Logistics 511
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Project Performance Reporting: Key Performance Reports

ProjectManager.com

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget.

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6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. How can project managers optimize their risk responses and get the results they are looking for? Risk reassessment.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

A balanced scorecard is a strategic management performance metric. The balanced scorecard is also a means to measure and provide feedback to businesses and organizations. It’s a common management tool worldwide, used across industries, including government and nonprofit organizations. What Is a Balanced Scorecard?

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

RAG status begins with understanding the acronym and how RAG status is used in project management. What Is RAG Status in Project Management? By color-coding the project data, the progress and performance of the project or portfolio are more intuitive and delivered with greater efficiency. They are as follows.

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Schedule Performance Index (SPI): An Introduction

ProjectManager.com

The schedule performance index was created to eliminate the guesswork and give a specific, quantifiable answer to the question, as well as show where improvements need to be made for maximum efficiency. What Is the Schedule Performance Index? Calculating the schedule performance index is part of this process. Find Earned Value.