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What is project cost management, why is it important for your project’s success, and how to create a project budget? This article discusses the essential cost management processes and the importance of project cost management. As an integral part of … Read more
If you are working in the field of project management, you must have heard of a Gantt Chart. But what is it and what are the pros and cons of a Gantt Chart? Is it software for advanced project management … Read more
Professionals who aim at building up a career as a project manager must learn how to create a complete and comprehensive project schedule. Basically, a schedule is a list of project deliverables, tasks, and milestones with planned start and finish … Read more
A request for information (RFI) is a formal process used to get information from vendors or suppliers to make a shortlist of potential suppliers. Basically, RFI is a typical process that is used to narrow down a list of candidates. … Read more
A construction contract is a legal agreement between the client and the contractor which involves basic information for the task to be performed by the contractor. In the construction industry, this legal agreement which includes the scope, bill of quantity, … Read more
Construction claims are getting complex based on the nature and the complexity of the construction projects. Clients, contractors, and subcontractors of this environment try to reach their own goals and expectations in order to increase their benefits. Conflicts may arise … Read more
The success of organizations is dependent on the profitability of projects that they select. Once an opportunity has appeared for a project, there are several reasons that need to be analyzed before an organization decides to take it up. Project … Read more
Creating a serviceable project schedule is an indispensable activity for a project’s successful completion. Most of the project managers suffer from poor schedules that lead wrong decisions. Poorly created project schedules involve an inadequate number of activities and resources required … Read more
Project management is a practice of planning, scheduling, executing, controlling, reporting and closing the project successfully. Most of the projects are designed to create a unique product or service in a restricted time period. Considering the distinctive nature of projects, … Read more
How to Create a Work Breakdown Structure? The concept, Work Breakdown Structure is widely used by professionals to represent the project’s scope and deliverables in a hierarchical way. Typically, creating a WBS is one of the first steps in project … Read more
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