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If You Want To Lose Profits Don’t Follow An Established Project Management Methodology

If You Want To Lose Profits Don’t Follow An Established Project Management Methodology

Although the oversight of project management certainly requires some financial investment, the returns on that investment from primary and secondary project benefits will always mean that the investment is a positive one. The same cannot be said by those who do not have a methodology in place. A project management methodology–something that is enforced from […]

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Who’s Managing the Business if Your Manager are Managing the Integration

Who’s Managing the Business if Your Manager are Managing the Integration

Introduction Let’s face it, the integration of two companies into one is not an everyday occurrence, nor is it an easy one. Done properly, a successful post-merger integration requires a large amount of dedicated time in order to properly plan, execute, manage, and control it. With industry literature telling us that 53% of mergers failed […]

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How Project Management Can Improve Your Profitability

How Project Management Can Improve Your Profitability

Project Management is not an unnecessary burden on the project budget and team and not an unnecessary expense that lessens profits. On the contrary. Companies that use project management–and use it correctly–end up saving tens of thousands to hundreds of thousands of dollars per year. They also realize higher sales and strategic advantages by getting projects out to market more quickly.

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Don’t Double Investment Requirements By Estimating Project Budgets Incorrectly

Don’t Double Investment Requirements By Estimating Project Budgets Incorrectly

After 13 years of budgeting and managing projects I went to work for an IT firm during the heyday of the Internet Bubble. My new firm was hired as a recommended third-party by the contractor to consolidate and reduce the errors in pension databases before being loaded onto the contractor’s site for call center management. […]

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How Your Projects May Be Robbing You Blind

How Your Projects May Be Robbing You Blind

One shouldn’t wait until hitting a major milestone, like the completion of a prototype or assembly, to reach a point in the project where a schedule and/or financial measurement can be made. The completion of a milestone is not a logical point in a project to compare project actuals against estimates. Quite the contrary, unless […]

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The Work Breakdown Structure – Lack of a Good One Sets Your Project Up For Failure

The Work Breakdown Structure – Lack of a Good One Sets Your Project Up For Failure

The Work Breakdown Structure, or WBS as it’s more commonly referred to, is one of the most valuable instruments that a project team can have, yet paradoxically, it’s often the most overlooked or poorly-constructed document in a project’s file. The WBS is the backbone of any project. It contains information from which many important project […]

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