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To Start or Not to Start: Overview of a Feasibility Study in Project Management

Epicflow

Sometimes, it’s rather difficult to predict whether a company will be capable of delivering a certain product or service, whether it’s reasonable to invest in this project, and how it will affect the current workflow. In other words, there is much uncertainty regarding a project’s practicability. . What Is a Feasibility Study? .

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8 Essential Project Management Documents You Need to Know About

Epicflow

Project management involves creating lots of documentation. If you look into project management standards, you will find at least a dozen of various plans, multiple types of reports, and numerous other documents. A Business Case: Presenting the Idea of a Project . A Project Charter: From the Idea to Actual Work.

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Project Cost Estimation: Overview of the Process, Main Challenges, and Recommendations

Epicflow

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. In the first case, stakeholders may find it infeasible to intake this project; while in the second case, the budget overrun will become an unpleasant surprise. .

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A Business Case in Project Management: Why Start a Project?

Epicflow

Whatever great idea is behind a project, it won’t be implemented without stakeholders’ buy-in and investment. A Business Case in Project Management: Definition and Importance. The basic purpose of this document is to justify the initiation of a project. . should the project scope be reduced?