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| Project Management Companion April 2021 Newsletter |
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Welcome to our April 2021 newsletter, as a valued subscriber, the team at PMC would like to keep you up-to-date with all the latest project management information. We encourage direct contact, so if you have a particular project management interest, we would be more than happy to oblige by investigating it for you and providing feedback.
Please find this months most popular posts, focusing on project budgets and how to make sense of them and the impact of a good vision statement. We hope you find these or any other of our many posts found on our website of interest. We look forward to your feedback.
All the very best on your project management journey
The team from Project Management Companion. |
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Creating and Maintaining Project budgets |
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A project is
deemed successful based on many criteria, in particular cost, scope and time,
staying within budget is paramount. There are six steps which can help create
the budget and establish a dependable system to track project expenses. All
projects cost money, being able to manage and track expenses is what keeps the
project within a budget. Stakeholders are not likely to consider the project a
success if it costs them too much.
To avoid
expenses from getting away, there must be a system in place to monitor and
track it. That’s the only way to control expenses and in so doing stay on
budget. Have a system in place to deal with project expenses and have the
capacity to track them. This can be via a robust project management
software with dynamic functionality or something more static like an Excel
spreadsheet.
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| Impact of a good vision statement |
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| Don’t underestimate the impact of a good vision
statement, in order to write a powerful vision
statement, every word must count. This can seem like a challenge, but it’s a
skill which can be mastered just like any other. A vision
statement is a foundational business document. As project managers, from time
to time, when an idea is considered, a vision statement is required.
There is a lot
of paperwork that clutters the office any organization, but the vision
statement is unique from the rest. Often confused with a mission statement, the
vision statement has a different purpose. A vision statement looks
towards the future, but a mission statement talks about what the company is
doing in the present. |
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| | Enter the Project Management Companion Video VAULT for up to the minute news, reviews and advice from Project Management professionals like you from around the world. Watch insights from proven project management professionals, who can assist you in keeping up to date with new and innovative ways to manage projects. |
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| | | If your chosen career path is of a project manager then it is imperative to be certified, obtain the necessary skills via qualified instructors in their field and achieve the credentials which will benefit your professional development. Online courses offer the opportunity to study at your own pace, while still working or progressing with other activities, get qualified in fundamentals, PMP, software and much more. |
| | Take your complex projects and make them simple for people on your team by using these intuitive collaborative Project Management software tools. The Project Management Companion team has used each of these online tools and they have proven to be effective and useful when running projects, we cannot separate them so the choice is yours.
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