Remove trial
article thumbnail

This is how Scrum improves your risk-taking process

Scrum.org

Real-life risk-taking is different from theory. We would just adapt our risk-taking strategy accordingly. Long story short, in real-life risk-taking situations “experience trumps theory”. In this article, we will discuss a few principles of real-life risk-taking and ultimately how the Scrum framework can support them.

Risk 189
article thumbnail

Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Strategies for Successful Project Execution

ProjectManager.com

You should have developed a risk management plan during the planning phase. Per the latest PMI Pulse of the Profession 2017, “C-suite continues to be largely focused on bridging strategy formulation and execution and tackling technology and business disruption.” Try it free with this 30-day trial.

Executing 500
article thumbnail

Celebrating Women in Project Management

ProjectManager.com

There are many women globally leading initiatives to shine a spotlight on women, including one of the largest initiatives launched on Twitter in 2017 by Dr Kirstin Ferguson called #CelebratingWomen , which resulted in a book in 2018 called Woman Kind. Deloitte Access Economics – Westpac Diversity Dividend Report 2017.

article thumbnail

PRINCE2: An Introduction to the Project Management Methodology

ProjectManager.com

PRINCE2 provides great control over project resources and excels at managing business and project risk more effectively. What are the reasons for the project, including risks and benefits and how they’ll be identified and resolved? There are four levels of certification in PRINCE2: PRINCE2 2017 Foundation. History of PRINCE2.

Prince2 229
article thumbnail

Project Executing: A "How to" Guide

Project Pulse Journal

Effective execution, rooted in the guidelines of the Project Management Institute's (PMI's) - Project Management Body of Knowledge (PMBOK, 6e, 2017) Executing Process Group, is paramount to ensure the project stays on track, mitigates risks, addresses issues, and ensures stakeholder satisfaction.

article thumbnail

Project Management and Artificial Intelligence (AI)

International Institute for Learning

Although some software algorithms already exist, project schedule optimization practices still seem to be a manual activity using trial and error techniques. Apple joined other tech companies as a founding member of the Partnership on AI in January 2017. PMOs will most likely have this responsibility.