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Nailing Down the Project Budget business cost management technical Dec 04, 2022

A completed project budget can help you determine if a project is financially viable. With it, you may spend what was expected and get the return on investment you want. But it takes many steps to get the best budget and nail it down before starting a project. Let's dive into what goes into creating that budget:

Define the Project

The first step in creating a budget is to clarify the project...

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Building a Sustainable Business business project integration management resource management Oct 23, 2022

There are a number of reasons why people start green businesses. Some people want to make a difference in their community. Others want to help the environment. Still, others want to make money and have fun at the same time. Regardless of your reason, many benefits come with starting a sustainable business.

As we move towards being more environmentally responsible, more and more consumers will...

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How to Move Your Business With as Few Hurdles as Possible business people resource management Aug 21, 2022

[Note: Today, Brittany Fisher of Financially Well offers tips on managing your move, even if it means going across state lines.]

Just a few decades ago, it wasn't uncommon to stay in a part of town you hated because your business was there. But, today, there's no reason that you can't upend your entire world and stay just as successful as ever. The internet has made it possible to plan ahead...

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Strategic Analytics: Using Data Analysis to Empower Your Business business people project integration management Jul 31, 2022

In the year 2022, data sits at the heart of every successful business and many important projects. Learning how to analyze datasets can empower your business to improve marketing, streamline operations, mitigate risks and transform your business model. If you are a new project manager wondering how data can help you, here’s what you need to know.

What Is Data Analytics?

Data analytics...

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From Scratch: Starting a Business Without Capital business cost management Jun 12, 2022

[Project managers take note!  Starting a business from scratch and without capital is something you may do if you want to start a private practice.  Plus starting a project from scratch without capital is very similar.]

When you have little to no startup capital, founding a business can feel like climbing a mountain. Fortunately, the digital revolution has made starting up easier and...

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The Importance of Change Management business project integration management scope management Apr 24, 2022

To start this week's topic, let's look at a definition of change management. According to the PMBOK Guide - 7th Edition, "Change management, or enablement, is a comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to a future state in which they realize benefits."

Note that the critical elements of this definition are about...

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Your Project Management Career is a Journey business people project integration management technical Mar 27, 2022

Your project management career is a journey, not a destination. If you treat it as such, you are more likely to succeed. So rather than rush to get a certification, take the time to learn and absorb the knowledge. Here are some reasons why you should look at it this way.

Project Management Takes a Lot of Knowledge

Just as human knowledge doubles daily, project management knowledge expands...

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5 Project Management Trends in 2022 business project integration management Mar 06, 2022

The pandemic is winding down, and war in Eastern Europe is ramping up, creating a lot of uncertainty for 2022. But some trends are now coming into focus and will continue throughout the year. Here are five  to watch for as the year continues to unfold.

The future is tailored hybrid projects. The first sign of the first part of this trend is evident in the latest PMBOK® Guide. An entire...

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Planning Project Budget Reserves business cost management risk management technical Feb 27, 2022

To start reserve planning requires a completed risk analysis  (for details on how to complete a risk analysis, see our publication, Risk Assessment Framework: Successfully Navigating Uncertainty) . First, estimate the financial impact for each risk, then compute the estimated monetary value (EMV). The EMV is the product of the likelihood and the impact in dollars or your local...

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5 Tried-and-True Strategies for Entrepreneurial Success business resource management Sep 12, 2021

You’ve gotten your business off the ground - but now, you want to take your company to the next level by running a tighter ship. You might be wondering which projects and process improvements you should prioritize first. From working with PPC Group to establish efficient project management workflows to choosing ideal software for your business, there are plenty of things you can do to...

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