Kanban is a visual tool that’s ideal for managing inventory flow. Taiichi Ohno, an industrial engineer at Toyota, developed it about three-quarters of a century ago. Kanban boards helped the car company restock its inventory only when it was needed,…
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Resources, such as people, materials and equipment, are needed to deliver projects. Being able to plan, manage and track those resources to meet the needs of a business is called project ERP or enterprise resource planning (ERP) project management. There…
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Coming up with long-term goals for a business or organization is just the beginning of a five-year project. Making sure your daily operations are working towards achieving those strategic goals and that they’re clearly communicated throughout the business or organization…
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Projects cost money. Those funds have a life cycle of their own and project managers must understand how those costs come in and out of the project and organization. That process is called project cash flow. We’ll look at project…
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If you’re looking to manage a project and facilitate better collaboration with your teams, chances are you’ve heard of and are thinking of trying Microsoft Project and Microsoft Planner. To help with that decision, we’ve set up a comparison with…
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ClickUp is project management software that promotes itself as “the one app to replace them all.” It’s a cloud-based tool that integrates with Zoom, Google Drive and GitHub and offers tools that foster collaboration and provide analytical insights. It’s true…
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When governments or corporations make large investments, they don’t do so without serious planning. There’s a lot of money involved in these capital projects and that means getting the funding and allocating the finances wisely. Let’s take a look at…
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Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. It’s more than just keeping up with costs. There’s a lot of planning, managing and tracking involved. But what…
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Projects can be viewed as a series of decisions. From planning to execution, project managers and their teams are constantly choosing between one option and another or even many different options. Using a decision matrix can help them better evaluate…
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Projects cost money. Everyone knows that. But what’s harder to discern is if the project is worth the investment. The last thing stakeholders want is to discover the project isn’t financially effective. That’s where the cost performance index comes in….
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Organizations across industries build IT infrastructures to store, manage and transfer data for a wide variety of reasons, such as business planning, financial forecasting, operations management or customer relationship management. In simple terms, data is what helps businesses measure their…
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Information technology (IT) is no longer a tucked-away department with little impact on the success of a business. Organizations across industries need data storing, analysis and processing tools to manage every single aspect of their operations, so anything that affects…
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For a project to function properly and be delivered on time and within its budget, all the roles and responsibilities of everyone involved must be clearly defined and communicated. Everyone has their part to play in the process, which is…
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