Why do 91.5% of projects exceed budget, schedule, or both? 1. Poor project planning: Inadequate planning, including unclear project objectives, unrealistic timelines, and insufficient resource allocation, can result in projects going off track. 2. Scope creep: Scope creep refers to the continuous addition of new requirements or changes to the project scope without proper evaluation or impact assessment. This leads to increased costs and delays. 3. Inaccurate estimation: If project requirements, timelines, or resource needs are not accurately estimated, it can lead to underestimation of costs and timelines. This often results in budget and schedule overruns. 4. Lack of communication and collaboration: Ineffective communication among team members, stakeholders, and project managers can cause misunderstandings, delays in decision-making, and ultimately, project delays and cost increases. 5. Inadequate risk management: Failure to identify and address potential risks and uncertainties in a project can lead to unexpected issues and disruptions, resulting in budget and schedule overruns. 6. External factors: External factors such as changes in market conditions, regulatory requirements, or unexpected events like natural disasters can impact project timelines and budgets. #KhalidAlbeshri #pivot #Holdingcompany #CEO #groups #businessminded #businessquotes #businesssuccess #businessman #businesstip #businessideas #womeninbusiness #businessmarketing #businessconsulting #businesspassion #socialmedia #businessopportunity #businesslife #strategy #businesses #growth #businessmentor #businessmotivation #entrepreneurs #creditrepair #coaching #businessplanning #networking #businessonline #consulting #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #خالدالبشري
Digital marketing is becoming much more popular these days, as it is considered to be the best way of building an attractive online profile of your company through a well designed website. If you are an entrepreneur, then you can utilize this tactics of online marketing to get in touch with the end users of your products or services instantly. Your customers living at far off places can place an order through your website and will be able to receive the desired products without any need to step out of their comfort zone, as they can pay for it through internet banking.
Social Media Optimization or SMO refers to the process of streamlining or optimizing a website so that it can be exposed online on various social media channels. This process can include anything carried out “on-page” such as refining the interface and usability of the site so that it becomes more compelling to the visitors in an effort to help them share it through various social media sites. Types of social media include social networking sites such as Facebook, Twitter, video and blogging sites and social news and bookmarking sites. In general, social media optimization refers to making a website and its content viable and optimized for sharing across social media and networking sites. In short, Social Media Optimization is all about pulling your audience in with an “optimized” website and encouraging them to spread your content without any effort on your part.
SMM a short form of Social media marketing, some even call it as a social media optimisation. It is a form of marketing at a social platform where your targeted audience is bound to spend considerable time. Social Media Marketing can be used for many purposes, to increase brand reach, to sell the products or service, to learn targeted audience, for remarketing etc. I recommend not to use social platform for direct selling instead use them to increase brand awareness. Hope above content will help you to understand what SEO & SMM is in layman term. If you like the way it is presented, please feel free to like and share.
Web2progress is one of the Best SMO and SMM Marketing Company in Noida. It can help your business to accomplish the goals very professionally. We are a results-driven social media marketing firm that works hard to make your presence known in the social sector. Our team conducts detailed data analysis to create a social media strategy that fits best for you across various platforms.
Five pillars of real estate development
1. Site Selection and Acquisition: The foundation of any real estate development project lies in the careful selection and acquisition of the right piece of land. Developers assess factors such as location, accessibility, zoning regulations, and market demand to determine the viability of a site.
2. Financial Feasibility: Before proceeding with a project, developers conduct thorough financial analyses to ensure its economic viability. This involves assessing construction costs, estimating potential revenue, and evaluating the return on investment. Financial feasibility studies guide decision-making and help secure financing.
3. Effective Project Management: Successful real estate development requires effective project management throughout every phase, from design and construction to marketing and sales. This pillar encompasses coordinating various stakeholders, managing timelines, and addressing unexpected challenges to ensure the project stays on track and within budget.
4. Compliance with Regulations: Real estate developers must navigate a complex web of regulations, including zoning laws, building codes, and environmental regulations. Adhering to these regulations is crucial for obtaining necessary permits and approvals, mitigating legal risks, and ensuring the project aligns with local planning guidelines.
5. Market Analysis and Demand: Understanding the market and anticipating demand are essential pillars of real estate development. Developers analyze current market trends, demographic data, and consumer preferences to design and deliver projects that meet the needs of the target audience. This pillar involves staying attuned to market fluctuations and adapting strategies accordingly.
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Cost management allows more efficient use of existing resources in the form of people, materials and machines. Thus, it helps in the development of development and expansion plans.
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Key sectors in KSA manufacturing market:
Here’s a concise overview of the key sectors in Saudi Arabia's manufacturing market:
1. Petrochemicals
- Central to Saudi Arabia's manufacturing, leveraging vast oil and gas reserves to produce chemicals like ethylene and polypropylene.
- Major players include SABIC and Saudi Aramco.
2. Pharmaceuticals
- Rapidly expanding with a focus on local production of generics, vaccines, and biotech products.
- Supported by government initiatives to reduce import dependency.
3. Food and Beverage
- Vital for food security and economic growth, focusing on dairy, processed foods, beverages, and halal products.
- Expanding into regional and international markets.
4. Automotive
- Developing sector with a focus on assembling vehicles, manufacturing parts, and electric vehicles (EVs).
- Growing interest from global manufacturers.
5. Construction Materials
- Driven by mega-projects, producing cement, steel, aluminum, and sustainable materials.
- Key to supporting infrastructure development.
6. Metals and Mining
- Emerging sector with significant resources like gold, phosphate, and bauxite.
- Focus on extraction, processing, and downstream industries like aluminum smelting.
7. Textiles and Apparel
- Small but growing, with potential in high-quality textiles and traditional clothing.
- Opportunities in fashion and design.
8. Renewable Energy Equipment
- Focused on producing solar panels, wind turbines, and related components to support renewable energy projects.
- Significant growth potential aligned with sustainability goals.
9. Packaging
- Expanding due to growth in food, pharmaceuticals, and e-commerce.
- Innovation in sustainable packaging solutions is on the rise.
10. Defense and Aerospace
- Strategic priority with efforts to localize military equipment production.
- Supported by GAMI, focusing on parts manufacturing and maintenance services.
These sectors highlight Saudi Arabia's drive toward economic diversification, with strong government support and strategic investments fostering growth across the manufacturing industry.
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What is Cloud Computing | How to learn Cloud Computing Online | 2021
Cloud computing is a model of organization registering where a program or application runs on associated workers as opposed to on a neighborhood figuring gadget like PCs, tablets or PDAs. In straightforward terms it is tied in with putting away and getting to information and projects on the web as opposed to on a close to home hard drive. CETPA Infotech is the best cloud computing online training in Delhi NCR.
Less staff preparing is required.
It further develops openness.
It additionally helps in diminishing expenses.
It further develops adaptability also
In real estate development, How to select the right asset type and strategy?
1. Define Your Objectives: Clearly outline your investment objectives and goals.
2. Market Analysis: Conduct a thorough market analysis to identify trends and potential opportunities in the target area.
3. Risk Tolerance: Assess your risk tolerance. Understand your comfort level with factors such as market volatility and development risks.
4. Asset Types:- Residential: Single-family homes: Typically stable with potential for long-term appreciation. - Multi-family properties: Offer rental income and scalability. - Commercial: Office buildings: Depend on the local economy and demand for office space. - Retail properties: Location-dependent with considerations for changing consumer habits. - Industrial properties: Demand influenced by logistics and supply chain needs. - Specialized: Hotels, healthcare, self-storage, etc.: Specialized properties may have unique considerations and market dynamics.
5. Development Strategies: - Fix and Flip: Purchase distressed properties, renovate, and sell for a profit. - Buy and Hold: Acquire properties for long-term rental income and potential appreciation. - Development: Engage in ground-up construction or major renovations for resale or rental income. - Wholesaling: Contract properties at a low price and assign/sell the contract to another investor.
6. Financial Considerations: Analyze the financial aspects, including acquisition costs, financing options, ongoing operational expenses, and potential returns.
7. Regulatory and Zoning Considerations: Be aware of local regulations, zoning laws, and potential changes that might affect your chosen asset type or development strategy.
8. Exit Strategy: Have a clear exit strategy. Know when and how you plan to liquidate or transition your investment.
9. Network and Expertise: Leverage your network and seek advice from professionals such as real estate agents, developers, and financial advisors.
10. Due Diligence: Perform thorough due diligence on potential properties. Consider physical conditions, legal issues, and potential future developments.
11. Adaptability: Stay adaptable. Real estate markets can change, and being able to adjust your strategy in response to market conditions is essential.
12. Local Knowledge: Understand the local market intricacies. What works in one location may not be suitable elsewhere.
13. Technology and Innovation: Stay abreast of technological advancements and innovative trends that could impact the real estate market.
By systematically considering the above factors, you can make informed decisions
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“Solving a problem is hard enough; it gets that much harder if you’ve decided beforehand it can’t be done”
Steven D. Levitt & Stephen J. Dubner
Many discussions about project management overlook the significance of the crucial early choices that shape the project execution approach. Decisions such as employing Agile or Waterfall methodologies, or choosing between prefabrication and on-site assembly, may not alter the expected project output, but they can greatly affect the delivery process and the project’s likely success. There’s no…
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PMO "Project Management Office" | Honor’s degree BSc Mech. Eng. | CPEng, CPMOP, CKPIP, PCBA, TOT, CT, SCE, ABET, GSDC, ULI، NSPE, ICSC
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