Project Risk Coach

OCTOBER 3, 2022

Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? So, a risk may cause a positive effect. So, a risk may cause a positive effect. We call these risks opportunities.

Risk Management 221

Risk Management Risk Defining Budget 221

The IIL Blog

FEBRUARY 28, 2024

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

Risk Management 162

Risk Management Risk Controlling Artificial Inteligence 162

Project Risk Coach

MAY 21, 2023

Project management standards matter because they provide consistency and predictability. In this article, we will explore five benefits of studying PMI's Standard for Risk Management in Portfolios, Programs, and Projects. They help us avoid confusion, mistakes, and chaos.

Risk Management 221

Risk Management Risk PMI Certification 221

Inloox

NOVEMBER 16, 2021

New blog series on risk management in projects In the coming weeks, we will focus on a very relevant topic in project management: Risk management. This area of project management is very important, as projects are confronted with permanent changes and thus constantly with new risks.

Risk Management 193

Risk Management Risk Planning 193

Project Risk Coach

JUNE 20, 2022

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses.

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

Inloox

NOVEMBER 16, 2021

Introduction: The risk catalog The risk catalog - also called risk inventory - can serve as a basis for a risk analysis or the FMEA method. A risk catalog represents a structured compilation of potential project risk events. Nevertheless, the benefits of the risk catalog are also limited.

Risk Management 175

Risk Management Risk Defining Initiating 175

Planview

JULY 29, 2021

Risk management is one of the core project knowledge areas, an essential and ongoing process which can be described as the methodical process of identification, analysis and response to project risks involving several major phases which are similar to all projects. The Risk Analysis Process in Project Management.

Risk Management 78

Risk Management Risk Process Influencer 78

Project Risk Coach

JANUARY 16, 2020

Are you a better project manager today than you were a year ago? In case you missed some of my blog posts, I'm sharing my most popular project risk management posts of 2019. So, just how many of you came to the Project Risk Coach website in 2019? Risks derail our projects. Risks derail our projects.

2019 221

2019 Risk Management Risk PMI 221

Scrum.org

APRIL 10, 2023

By Lavaneesh Gautam , Professional Scrum Trainer In the previous article (Stakeholder Exploration: Part 1 of 4 Steps of the Stakeholder Engagement) , we discussed: “Stakeholder”- who are they? Stakeholder Analysis and Mapping. Stakeholder Analysis The definition we discussed in the previous article.

Influencer 206

Influencer Governance Government Consulting 206

PM Times

MARCH 13, 2024

You’re there […] The post The Rhinoceros In The Room (Risk Analysis and How to Tame Your “Unicorn”) appeared first on Project Management Articles, Webinars, Templates and Jobs. Would you like to see him?”

Risk 117

Risk Risk Management Planning 117

Rebel’s Guide to PM

OCTOBER 14, 2019

A project manager’s job isn’t just about managing the work. Part of a resource management plan is to build the skills of your team. However, you should also consider how good they are at doing the work of projects – project management. Risk management is a great example. Identify project risks.

Risk Management 246

Risk Management Risk Technical Review 2015 246

LiquidPlanner

MAY 24, 2022

If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. Risk is not solved with a calculation. Are there unexpected risks now emerging?

Risk Management 158

Risk Management Risk 2003 2007 158

Rebel’s Guide to PM

NOVEMBER 16, 2023

In our annual global survey , one in five (21 percent) respondents say they are using AI always or often in project management. In this article, we will cover strategies to usher in this adoption and certain tasks that can be augmented with AI. Specifically focused on generative AI applications in projects, mainly ChatGPT.

ChatGPT 469

ChatGPT Generative AI Artificial Inteligence PMI 469

Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

Risk Management 268

Risk Management Risk PMI Technical Review 268

Planio

FEBRUARY 12, 2024

Fully understanding customer demand, the broader market, and the competitor landscape is vital to ensure you don’t fail - and that’s where a competitive analysis can help. Jump to a section: What is a competitive analysis? Download our free competitive analysis template and get a headstart on creating your own analysis today.

Underperforming Technical Team 88

Underperforming Technical Team Technical Review Estimate Influencer 88

PM Basics

SEPTEMBER 8, 2022

I’ve been managing software development projects for more than 11 years. Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. You’ll get the whole risk management process below.

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

Scrum.org

JUNE 3, 2021

Backlog Refinement Techniques – Semantic Analysis. For example, for “student credit card,” you could substitute student with general, high leverage, low risk, high risk, business, family. As a trainer, I can read course management FAQs. I’ll be providing additional ways to split PBIs in other articles. -Dr.

Software Review 215

Software Review Technical Review SCRUM Risk Management 215

Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

Risk Management 240

Risk Management Risk PMI Technical Review 240

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

Risk Management 167

Risk Management Risk 2012 Prince2 167

Proofhub

JUNE 20, 2023

Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. Internal risk factors are those that are under a company’s control, while external risk variables are those that are beyond its control.

Risk Management 78

Risk Management Risk Software Review Governance 78

ActiveCollab

AUGUST 18, 2022

Risk is one of the aspects that can impact timeline, budget, scope, and project resources, and there is no way of knowing when it will happen. We can't predict the risks, but we can proactively prepare for them. Implementing efficient risk management methods, such as risk matrix, help us avoid potential damage.

Risk Management 69

Risk Management Risk Influencer Budget 69

nTask

MAY 5, 2021

Project management involves making a lot of decisions and these decisions cannot always be easy. Enter cost benefit analysis. Cost benefit analysis allows you to choose the options that minimize risk while giving you the greatest potential benefit in the see of options in front of you. What is Cost Benefit Analysis?

Risk Management 136

Risk Management Estimate Risk Finance 136

Project Risk Coach

FEBRUARY 7, 2022

Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. In this article, we will explore why this happens and what it takes for PMOs to become strategic enablers. Management sees it as a way to give oversight to all the programs and projects.

PMO 457

PMO Underperforming Technical Team Risk Management Energy 457

Rebel’s Guide to PM

MAY 9, 2022

EMV is a risk analysis tool that helps establish the contingency reserves for your project activities. It’s a statistical technical for quantifying risk. You would use it to: Establish which new product option or solution is best Establish the contingency reserve required to offset project risk. What is EMV?

Software Review 397

Software Review Technical Review Risk Management Risk 397

Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Rebel’s Guide to PM

MAY 9, 2018

This is a guest article by Dr Mike Clayton , the brains behind Online PM Courses.com. It’s an edited extract from his book Risk Happens ! Group Think Introduces Risk. Therefore, with dissent discouraged, groups tend to endorse higher risk decisions than individuals would. Dr Mike Clayton.

Risk Management 253

Risk Management Risk Underperforming Technical Team 2018 253

Project Risk Coach

JANUARY 7, 2019

Individuals, teams, and organizations lack the healthy habits of identifying and managing the uncertainty that surrounds their world. Today, let's look at a step-by-step process to improve your strategic planning, analysis, and alignment with a particular focus on risk management. What is Strategic Risk Management?

Planning 150

Planning Risk Management PMI Technical Review 150

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

Aerospace 98

Aerospace Risk Management Engineering Risk 98

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Introduction.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Project Risk Coach

SEPTEMBER 12, 2022

On April 1, 2022, the Project Management Institute (PMI®) rolled out the new PMI-RMP® exam. In this article, let's examine why the new PMI® Standards matter and what to look for in your PMI-RMP® training. Why Take the Risk? I share articles, videos, and a short exam in this FREE course to jumpstart your preparation.

PMI 221

PMI 2022 2009 2021 221

MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. Risk and Uncertainty. All too often, SRA is lumped into Risk Management. I prefer the term Risk and Uncertainty Management, because they are really two different disciplines.

Risk 64

Risk Risk Management Estimate Budget 64

Rebel’s Guide to PM

MARCH 14, 2024

If you’re searching for a project management job, you’ve no doubt come across a range of different job titles. The ‘project manager’ job descriptions have a wide variety of roles and duties, which can make it hard to know what’s right for you. Also known as a Technical Project Manager.)

PMO 378

PMO Construction Engineering Logistics 378

Project Pulse Journal

OCTOBER 15, 2023

Michael Shick, MSPM, PMP, CSM Are you tired of navigating project management risks, constantly looking for the proverbial dangers that could derail your project's success? Project Managers live in a realm where every project, no matter how meticulously planned, is subject to unexpected challenges.

Risk 40

Risk 2023 2017 Risk Management 40

Scrum.org

JUNE 3, 2021

Backlog Refinement Techniques – Semantic Analysis. For example, for “student credit card,” you could substitute student with general, high leverage, low risk, high risk, business, family. As a trainer, I can read course management FAQs. I’ll be providing additional ways to split PBIs in other articles. -Dr.

Software Review 133

Software Review Technical Review Risk Management Risk 133

Rebel’s Guide to PM

MARCH 23, 2023

Recently I audited the Fundamentals of Project Planning and Management course from University of Virginia Darden Business School. It’s one of the most popular project management courses on Coursera. Who is the Fundamentals of Project Planning and Management course for?

Technical Review 465

Technical Review Planning Certification Risk Management 465

Rebel’s Guide to PM

JANUARY 23, 2023

Are you looking for a way to better manage the risks associated with your projects? Risk audits are an effective tool that can help project managers and program managers identify potential issues before they become problems. What is a risk audit in project management? Who carries out the risk audit?

Risk 390

Risk PMO Risk Management Governance 390

PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. If I were to choose one thing to improve in my project management – it would be it. I honestly believe that this risk analysis in more than enough for small and medium projects. Risk Management Plan Template.

Risk 59

Risk Risk Management Software Review Technical Review 59