As a project manager, you’ll want to be able to identify when and how unexpected events that could derail your project might happen, how to decrease the chances of them happening, and how to respond if they do. No project comes without potential risks. But it’ll still be good to know what elements can add to a budget, how to decrease costs, and when you need to increase it. If you’re working on a large project or for a large company, you might not be the primary person responsible for managing the budget. Knowing where costs might pile up, and how to prioritize tasks and delegate resources is often an important part of making sure a project doesn’t go over budget. Most projects will have budget constraints. Initiating a project includes setting achievable and specific goals, picking a team, determining resources, and holding a kickoff meeting. And though it might sound simple, there are many moving pieces to think about in the initial phase of a project. The start of a project-when much of the project is planned-is often critical to its success. Organizational Culture, Career Development, Strategic Thinking, Change Management, Project Management, Stakeholder Management, Business Writing, Project Charter, Project Planning, Risk Management, Task Estimation, Procurement, Quality Management, Project Execution, Coaching, Influencing, Agile Management, Problem Solving, Scrum, Effective Communication
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