If you like to walk, run, or ride a bicycle it’s always good to take notice of mile or kilometer markers along the journey because they tell you how far you’ve gone and specifically where you are on a particular road or path. Nowadays, with Global Positioning System (GPS) technology in watches, smart phones and…
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Understanding the Importance of Robust Project Planning and Good Control and Implementation of the End to End Project Process
There are many projects that are successfully implemented. Unfortunately, too many projects fail to meet their business objectives and require companies to take a negative financial hit. A failed project can also hurt their brand or business reputation. There are many circumstances that contribute to the failure of a project The reasons why projects fail…
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How to Answer Key Questions That Come Up During the Conceptual Phase of a Project
If you oversee or are associated with implementing capital projects, then you've heard this question a bunch of times. How much will this project cost? I'm sure capital project portfolio managers, construction engineers, project engineers, project estimators, cost control engineers and other project management practitioners have had to answer this question on numerous occasions. All…
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Managing Capital Project Portfolios Like a Pro
The Big Challenge If you have the responsibility or accountability for managing a portfolio of capital projects, then you are aware of the many challenges associated with this role. If the capital projects in your portfolio are to be implemented globally, the challenges are significantly more difficult. A capital project portfolio often consists of projects…
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