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Project Business Governance for Delivering Projects On Time and On Budget

By |2020-08-04T08:49:04-04:00August 4th, 2020|Categories: Project Financials and Accounting, Project Insight and Analytics, Project Operations and Management|Tags: , , |

As projects get bigger in size and complexity, it’s important to implement a Project Business structure that improves the chances of success of those projects. Continuing to operate in a siloed environment results in poor collaboration and low productivity. Ultimately, projects are delivered late and over budget due to this lack of structure and control. As [...]

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One Source of Truth is Key to Effective Stakeholder Communication

By |2020-07-28T12:22:31-04:00July 28th, 2020|Categories: Project Financials and Accounting, Project Insight and Analytics, Project Operations and Management|Tags: , , |

The lack of communication, or poor communication, is a major reason why projects fail across the board. We’ve all heard this before. Sure, you can set up your status reports and meetings, and make sure everyone is involved; however, ultimately the responsibility is put on the project manager or project director to communicate all these things [...]

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The Stagnation Problem of Project-Based Business

By |2020-07-21T10:28:43-04:00July 20th, 2020|Categories: Project Financials and Accounting, Project Insight and Analytics, Project Operations and Management, Strategy|Tags: , |

Project-based industries have remained stagnant or even declined in productivity over the last 30 years. On the other hand, traditional industries such as retail and manufacturing continue to increase productivity and succeed. Why? Of course, we can start to list any number of supposed reasons, starting from poor project business management to the lack of technological [...]

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Project Businesses: Stop Accepting the Status Quo

By |2020-07-14T09:01:31-04:00July 13th, 2020|Categories: Project Financials and Accounting, Project Insight and Analytics, Project Operations and Management|Tags: , |

Any type of business can manage projects, but it doesn’t necessarily make you a Project Business. Many companies may conduct internal capital projects to improve efficiencies or create something new, but it’s not their bread and butter. For project-based companies, or Project Businesses, delivering projects is how they directly serve their customers, and essentially, how they [...]

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