Project Risk Coach

JANUARY 11, 2021

Ask 10 different risk management experts to define emerging risks, and you will likely receive different points of view. In this article, let's define emerging risks, discuss ways to identify them, and look at different ways to manage these risks. What are Emerging Risks? Click to Tweet.

Risk Management 423

Risk Management Risk Governance Government 423

Rebel’s Guide to PM

FEBRUARY 28, 2022

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

Risk Management 284

Risk Management Risk Technical Review 2015 284

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

Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? First, risk appetite is the degree of uncertainty. Fourth, we anticipate a reward.

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Risk Underperforming Technical Team Risk Management Defining 195

Project Risk Coach

MAY 21, 2023

In this article, we will explore five benefits of studying PMI's Standard for Risk Management in Portfolios, Programs, and Projects. Improve project success rates Effective risk management is critical to the success of any project, program, or portfolio. They help us avoid confusion, mistakes, and chaos.

Risk Management 221

Risk Management Risk PMI Certification 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.

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Influencer Governance Government Consulting 210

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?

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Risk Management Risk Controlling Artificial Inteligence 162

PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. The qualitative risk analysis process is quite simple. Risk Management Plan Template. Project Risk Management Overview.

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Risk Risk Management Software Review Technical Review 59

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. Introduction.

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Risk Risk Management Estimate Budget 64

Project Pulse Journal

OCTOBER 15, 2023

By: Dr. 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? That's why understanding the strength of qualitative and quantitative risk analysis is vital.

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Risk 2023 2017 Risk Management 40

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.

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Risk Management Risk Planning 193

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.

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Risk Management Risk Process Influencer 78

Project Risk Coach

NOVEMBER 28, 2017

He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories? Why Use Risk Categories?

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Defining Risk Risk Management PMO 292

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.

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Risk Management Risk Defining Initiating 175

Project Risk Coach

JANUARY 16, 2020

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. I hope my blog has boosted your knowledge and application. Project Managers.

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2019 Risk Management Risk PMI 221

Project Risk Coach

JUNE 20, 2022

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 Implications What happens when the project environment is not conducive to collaboration?

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

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. I’ll be providing additional ways to split PBIs in other articles. -Dr. Grab a thesaurus!

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Software Review Technical Review SCRUM Risk Management 219

Kiron Bondale

FEBRUARY 27, 2022

Similar to my previous article, this topic stemmed from a discussion I had with the learners of the PMP preparatory course I taught this week. In past article I’ve frequently quoted Dr. David Hillson’s definition of risk as being “ uncertainty that matters “ That definition recognizes both threats and opportunities.

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Risk Risk Management PMI Construction 334

Rebel’s Guide to PM

NOVEMBER 16, 2023

In this article, we will cover strategies to usher in this adoption and certain tasks that can be augmented with AI. For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk.

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ChatGPT Generative AI Artificial Inteligence PMI 477

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.

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Underperforming Technical Team Technical Review Estimate Influencer 88

Project Risk Coach

DECEMBER 26, 2017

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. However, the risks are never discussed again. When to Identify Risks.

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Risk Software Review Risk Management Energy 306

Rebel’s Guide to PM

OCTOBER 14, 2019

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

Risk Management 250

Risk Management Risk Technical Review 2015 250

Management Yogi

JANUARY 28, 2024

In the earlier article, I wrote about various Breakdown Structures and specifically, the Risk Breakdown Structure (RBS). As noted in the previous article, breakdown structures are progressively decomposed into greater levels of detail.But then the following questions come-up?How How does that happen practically?How

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Risk Risk Management PMI 59

Project Risk Coach

FEBRUARY 4, 2019

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

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Controlling Risk Technical Review Performance Measurement 199

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Risk is not solved with a calculation. Project leaders need to ask: are some foreseen risks not occurring?

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Risk Management Risk 2003 2007 158

nTask

MAY 5, 2021

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. Using the benefit cost analysis tool allows you to minimize risks and maximize gains giving your project the best chance at being a success.

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Risk Management Estimate Risk Finance 136

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? An organization’s risk champion (e.g.,

Risk Management 268

Risk Management Risk PMI Technical Review 268

Kiron Bondale

JUNE 12, 2022

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it.

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Risk Risk Management PMI Leadership 207

Project Risk Coach

FEBRUARY 7, 2022

In this article, we will explore why this happens and what it takes for PMOs to become strategic enablers. Clarify the PMO's Goals and Roles Whether you are planning for a PMO implementation or it's been in existence for several years, you may wish to facilitate a SWOT analysis with your key stakeholders.

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PMO Underperforming Technical Team Risk Management Energy 457

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.

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Risk Management Risk Influencer Budget 69

Project Risk Coach

JANUARY 7, 2019

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? Strategic risk management is a process for identifying, analyzing, and managing risks most critical to the achievement of your goals.

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Planning Risk Management PMI Technical Review 150

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? An organization’s risk champion (e.g.,

Risk Management 240

Risk Management Risk PMI Technical Review 240

PM Basics

SEPTEMBER 8, 2022

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. Risk management process is a structured approach to identifying, assessing, addressing, and controlling risks. So, let’s dive in!

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Risk Management Risk Process Underperforming Technical Team 104

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 406

Software Review Technical Review Risk Management Risk 406

Project Risk Coach

AUGUST 27, 2018

In this article, we will look at how to conduct a risk audit to evaluate the effectiveness of your risk management. Additionally, we'll also talk about how to be more forward thinking through risk reviews. Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.”

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Risk Risk Management Controlling Closing 186

Online PM Courses

APRIL 23, 2018

Risk analysis is both easy and hard at the same time. No project manager can get by without knowing how to analyze risk on your project. Risk is important, because it is baked into the nature of projects. Risk analysis is one part of the wider Risk Management process. Risk Management Process.

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Risk Risk Management Estimate Technical Review 68

Wrike

JULY 28, 2023

In today’s fast-paced business environment, where risks abound, it has become vital for organizations to have effective risk analysis methods in place. One of the most powerful tools available for this purpose is risk analysis software.

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Software Review Risk Software Healthcare 36