Projects are planned and scheduled, but that’s just the preamble to the real work. Executing projects to meet deadlines without overspending the budget requires a project manager to understand resource availability. It’s part of the larger process of resource management….
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Task prioritization is a powerful tool when executing a project. There are so many different tasks it can look at if your work-life balance is tilting towards never having any time off. But project managers understand that applying task management…
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Resource optimization is key to delivering a successful project. Resources, of course, are anything used to execute the project, including human resources and non-human resources. Resource management techniques keep a project on schedule. To have the right resources at the…
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Construction companies have to do some heavy lifting, and that’s not just the steel and concrete they use to erect buildings, bridges and other structures. Many different types of materials and labor go into their work which requires their contracts…
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Whether you’re running a company or a project, you’re going to have to deal with a budget. A budget is the spending plan that you forecast using estimates of income and expenses. To ensure you’re keeping to that ever-important operating…
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Good cost estimation is essential for project management success. Many costs can appear over the project management life cycle, and an accurate project cost estimation method can be the difference between a successful plan and a failed one. Project cost…
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The scope of a project is the sum of all the work that needs to be executed. A project scope statement helps project managers define the boundaries of what will and what won’t be done. But scope statements aren’t just…
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The best things in life are free, but manufacturing goods cost money. The cost of production of those products isn’t as straightforward as it might seem. The sum total investment that it takes for a business to create a good…
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It’s a cliche to say nothing is constant but change, but cliches grow from truths. Project managers understand this and work hard to create change management plans that ensure their projects run smoothly. Project management software helps, too, but if…
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Workload management is a critical part of executing any project; projects are executed by people and as a project manager, you must ensure that your team’s workload is balanced. Project teams look to project managers to clarify what they should…
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Manufacturing is based on delivering quality and quantity products to the market on schedule. Using manufacturing KPIs can help you determine strengths and weaknesses that can direct you toward improvements in all phases of your production cycle. Manufacturing KPIs are…
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One of the main responsibilities of any project manager is to track project resources so they’re available whenever they’re needed. To do so, they must measure resource utilization. By calculating resource utilization, project managers and employers have a better idea…
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Businesses execute projects and to do so, they need to manage different types of resources through a process known as resource management. What Is Resource Management? Resource management is the process of planning, scheduling and allocating resources to complete a…
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