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Showing posts from November, 2021

Communication management techniques mandatory to know as a project manager

Every good connection, friendship, or cooperation is built on communication. You can focus on   PMP exam prep   to qualify as project manager. It's also crucial to the way projects run. Things can become very complicated if there isn't good communication. "Who's On First," an Abbott and Costello sketch, comes to mind. It's a classic example of a communication breakdown—now imagine it happening over the course of a year. Frightening! What is project communication? The process of determining critical information that will be shared with team members and stakeholders throughout a project is known as project communication. This includes identifying stakeholders and team members who will be involved in project communications. It's critical to spell out how communication receivers will get project updates, how often they'll get them, and at what stages during the project they'll get them. Why is communication management important? Everything revolves aro

What is cost reimbursement contract?

Work can be contracted in a variety of ways. Make sure you are focusing more on   PMP course . However, once the agreement is signed, it becomes legally enforceable. The terms and conditions must be followed by both parties. As a result, contracts range from fixed-price contracts, in which the specified price is final, to more flexible arrangements. A fixed-price contract, for example, is only possible for the contractor if they can anticipate the project's cost very accurately. Setting an arbitrary cost for the work can be too high or too low if there are too many variables and unknowns. It's far too dangerous to take. Thankfully, there are a variety of additional contract kinds that take into consideration the fact that not every dollar can be tracked until the project is completed. There is a cost-reimbursement contract for these types of projects. Find more about the different types of cost-reimbursement contracts and whether one is best for your next project. What is cost