article thumbnail

7 Steps for Effective Problem Management in IT

ProjectManager.com

Information technology (IT) is a broad field that encompasses anything related to computer technology. Teams that work in IT are there to support these technologies and the people who use them. Unfortunately, the promise of technology often falls short of reality, and things malfunction. What Is Problem Management?

article thumbnail

Qualitative Risk Analysis Example: How to Perform Risk Assessment

PM Basics

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. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

Risk 59
Insiders

Sign Up for our Newsletter

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

article thumbnail

Choosing a Project Management Tool: Epicflow vs. Project Online by Microsoft

Epicflow Blog

With this thought in mind, we decided to start a new sequence of blog posts dedicated to comparative analysis of different project management and resource management tools. Makes it possible to deliver more projects due to working at full capacity; typically increases team output by 20%. – technical support, .

article thumbnail

Achieving Stakeholder Management Success with the Power-Interest Grid

Project Pulse Journal

A clear, actionable framework that simplifies stakeholder prioritization and analysis and enhances your ability to engage effectively with each stakeholder according to their influence and interest would help address this dilemma. This format of stakeholder analysis matrix helps optimize resources and efforts to enhance the project's success.

article thumbnail

Project Risk Management Quiz: Test Your Knowledge

PM Basics

Next Question A process that involves prioritizing risks for further action or analysis by assessing the impact and the probability of occurrence is called A. Qualitative Risk Analysis B. Quantitative Risk Analysis D. Book another place nearby to mitigate the risk of the first location unavailable due to the storm.

article thumbnail

Business Process Improvement: What it is and How to Implement it

nTask

Supporting Business Processes : serve the basic business. These include for example human resource management , accounting, and technical support to name a few. Therefore, you can understand the Business Process Improvement as the exercise of identifying, analyzing, improving, and then reviewing existing business processes.

Process 133
article thumbnail

Driving Success: Understanding Porter’s Value Chain

Wrike

Value Chain analysis offers several key benefits for businesses. Identify support activities that indirectly contribute to value creation, such as human resources, technology, and procurement. Evaluating and improving these support activities can enhance a company’s overall performance and competitiveness.