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The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project.

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Construction Risk Management: An Introduction

ProjectManager.com

There is heavy equipment, crews working in precarious situations and complicated logistics to manage. How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan.

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

ProjectManager.com

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? ProjectManager’s Gantt charts help you plan, manage and track IT costs.

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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.

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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 390
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Project Review Process: A How-to Guide

ProjectManager.com

Any project manager with even a little experience knows that rarely are plans executed without a hitch, which is why a project review process is an essential part of the monitoring and control phase of the project life cycle. We define the term and list the types before going into how to conduct a project management review.

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Business Process Improvement: Steps & Methodologies

ProjectManager.com

As such, business processes need to be constantly evolving to adapt and bring satisfaction to the customer as efficiently as possible. Organizations are continually looking for leadership team that’s experienced in business process management (BPM). Before we can improve the business process, we must first understand it.

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