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Project Management

Project Risk Management: Risk vs Uncertainty

In 2011, Project Management Institute reported that 129 CFO's out of 331 who participated in a survey by the American Institute of Certified Public Accountants and North Carolina State University were surprised by the risk that had significant consequences for their...

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Project Management: Are projects ever issue free?

 A comment was made the other day regarding projects and the identification of issues. In response, someone from the floor stated “there are projects that simply do not have any issues”. Following this statement I asked myself….  Is this possible? Projects are stated...

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Project Management: Best Practices

Merriam-Webster indicates that the combined term "Best Practices" is on the bottom 50% of words searched on their website. They offer this definition for Best Practices "a procedure that has been shown by research and experience to produce optimal results and that is...

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Project Management – Evolving Estimation

Successfully run project require the estimation of resources, cost and duration that is typically based on information available at the time of the estimate. Estimation occurs in an environment that consists of uncertainty and risk and embodies assumptions and...

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Series 1: Project evaluation and approval (Continued)

This series covers the topic of project evaluation and approval processes that exist within small to medium business (SMEs) and multinational organizations (NMOs). Is there a difference in the way that organizations approach project evaluation and approvals based on...

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