ProjectManager.com

MAY 15, 2024

Project planning, execution, monitoring and controlling are often the focus of project management. Project completion is more than delivering on time, within budget and meeting quality expectations. The performance of the budget and schedule are also summarized in the project completion report. That’s a mistake.

Project Life Cycle 288

Project Life Cycle Software Review Certification Construction 288

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 276

Risk Management Risk Technical Review 2015 276

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

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

LiquidPlanner

MAY 24, 2022

So your imaginary expeditionary team must predict the optimum number of Jerry cans that can be carried and determine if that capacity is enough to execute. Any forecast used to establish baseline budgets will be imperfect, whether for reserve fuel supplies or project contingencies. Risk is not solved with a calculation.

Risk Management 158

Risk Management Risk 2003 2007 158

The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

Risk Management 88

Risk Management Risk Cadence 2016 88

ProjectManager.com

MARCH 20, 2024

Construction projects are structured with schedules, budgets and resource allocation. To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. Plus, track costs related to executing your activities.

Construction 326

Construction Software Review Underperforming Technical Team Estimate 326

Project Risk Coach

AUGUST 20, 2018

Some project managers start their projects with a strong focus on risk management. In this article, I am providing questions that can help you in monitoring project risks and as a result, achieve better results. Other project managers start out strong and stick with their risk management. What risks should be closed?

Monitoring 170

Monitoring Risk Risk Management Closing 170

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

Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

Risk Management 78

Risk Management Risk Cadence 2023 78

ProjectManager.com

MARCH 31, 2023

Budgets are also part of a project. A project budget outlines these expenditures. While there are several project management roles within a project team, the project manager is usually in charge of overseeing the process of planning, executing and monitoring projects from start to finish. These are cost, time and scope.

Project Life Cycle 399

Project Life Cycle Software Review Monitoring Budget 399

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

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 246

Risk Management Risk Technical Review 2015 246

Rebel’s Guide to PM

MAY 22, 2022

The book includes a list of 50 secrets in Appendix D which is a summary of The Standish Group’s Chaos Manifesto 2012: The Year of the Executive Sponsor. It might be your pet project, but if it’s over budget, late and no longer on track to deliver the business benefits, then it is time to part company. Understand risk and reward.

2012 371

2012 2013 Risk Management PMI 371

ProjectManager.com

OCTOBER 15, 2020

There is always something that needs executing, and often that something is critical to the success of the venture. They prefer to minimize risk to the best of their ability and act only when there is more certainty than uncertainty. When managing a project, one is required to make a lot of key decisions. What Is Cost Benefit Analysis?

Risk Management 516

Risk Management Consulting Risk Budget 516

Project Risk Coach

APRIL 2, 2016

During the planning process, project managers create plans such as schedule management plans, budget plans, and requirement plans. However, we may discover flaws in our decisions when we execute the decisions. One way to mitigate this risk is to build prototypes. ” –Peter Drucker. Plan for Better Decisions.

Executing 240

Executing Underperforming Technical Team Planning Risk Management 240

Project Pulse Journal

NOVEMBER 16, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM You've just been handed the reins of a significant project, and now is the time to begin execution. The 'Executing Process Group' is a critical component of this journey, and understanding it is foundational. What is the Executing a Project? It's not just possible; it's achievable.

Executing 40

Executing Software Review Technical Review 2017 40

Rebel’s Guide to PM

MAY 3, 2022

In this article, you’ll learn about 20 things to include in a project plan. Think: Executive Summary. Execution strategy. Risk management plan. Here’s where you set out how you are going to manage risk. Document how often you will review risks, what can be dealt with by the team and what should be escalated.

Planning 317

Planning Software Review Risk Management Estimate 317

Rebel’s Guide to PM

JANUARY 31, 2024

Put the time in the calendar or add the tasks to your plan during the project execution phase. Add project management software or testing tools (or whatever else you need) to the project budget. Make sure that you are thinking realistically about estimates and the likelihood of risk affecting your ability to deliver.

Software Review 325

Software Review Technical Review Budget Defining 325

Epicflow Blog

DECEMBER 21, 2021

Strategic planning and its implementation determine the success of any endeavor: whether it’s starting a business or building a house of your dream – you’ll have more chances for success if you have a well-thought strategy and know how to execute it. . Otherwise, it’s likely to become a waste of time, money, and effort. .

Executing 98

Executing Planning Critical Chain Risk Management 98

ProjectManager.com

APRIL 5, 2024

It keeps equipment in optimal working condition, which leads to more efficiency and quality and keeps work on time and within budget. Implementing a maintenance schedule will solve problems before they can risk breaking down machinery and stopping production, which leads to delays and added costs.

Manufacturing 311

Manufacturing Construction Software Review Healthcare 311

Rebel’s Guide to PM

AUGUST 8, 2022

PRINCE2® advises that the fixed date time constraint is managed as a planning risk. It identifies planning risks based on fiscal boundaries (for example, where you can’t move the project budget from one financial year to the next) and also on calendar boundaries (for example, delivering something before the end of the tax year).

Prince2 392

Prince2 Software Review Risk Management Risk 392

Project Risk Coach

MAY 17, 2021

As your project comes to an end, here are some steps that you can take to close out the project: Evaluate the project Review the risk register Archive the documentation Pay the invoices Thank the team Reassign the human resources Let's look at each of the activities in more detail. How much variance was there from the schedule and budget?

Closing 300

Closing Risk Management Risk Budget 300

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts are categorized in the PMBOK® Guide – 7 th edition into 9 different types and that’s what this article is going to look at. The article will be updated in due course. What is an artifact?

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

JULY 24, 2023

Project managers who are excellent at preparing plans, reporting progress, managing budgets, controlling risk and dealing with issues and changes could learn a lot from adopting these principles. The management tasks – building plans, running meetings, handling change, and so on – also have to be executed with the same approach.

Leadership 276

Leadership Innovation Executing Defining 276

Rebel’s Guide to PM

APRIL 24, 2023

From examples of project activities in a business versus operational activities to strategies for balancing projects and operations simultaneously — this article will help you understand the differences and consider the similarities. Projects usually require project management practices to help them get delivered.

Retail 400

Retail Governance Government Healthcare 400

Rebel’s Guide to PM

JULY 28, 2023

B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track As you can see, this equates to the acronym BRAG. There’s a significant level of project risk with no plans to address that risk.

Software Review 280

Software Review PMO Risk Management Closing 280

Rebel’s Guide to PM

MARCH 14, 2024

Uses of AI in project management AI is in use by project delivery practitioners and Project Management Office professionals, generally through tools like ChatGPT or Microsoft Copilot, and more specifically such as in tools designed to support particular domains like AI in risk management. 23% of organizations are using or planning to use RPA.

Artificial Inteligence 366

Artificial Inteligence Technical Review 2028 2024 366

Project Risk Coach

MAY 7, 2016

Are you a project manager who focuses on gaining control of your project risks? Some project managers start their projects with a strong focus on risk management. When problems occur, they turn to their risk response plan. They run toward their risk management tools and techniques to aid them. What risks should be closed?

Controlling 150

Controlling Risk Risk Management Closing 150

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. 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

Risk Risk Management Software Review Technical Review 59

Rebel’s Guide to PM

MARCH 12, 2022

For simplicity, and because the UK government uses the terminology of gate review, that’s what I’m going with in this article. Risk management. Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. Benefits of gate reviews. Stakeholder engagement.

Prince2 389

Prince2 Governance Government PMO 389

ProjectManager.com

JANUARY 8, 2021

The more accurate your estimates, the more likely you’ll keep to your budget and deliver a project on time. It’s how you build a budget by figuring out as best as possible what your project costs will be, including resources and how long you’ll need them for. Download the Project Estimate Template. Why You Need an Estimate Template.

Estimate 381

Estimate Budget Executing Monitoring 381

Rebel’s Guide to PM

NOVEMBER 25, 2023

We challenge leaders, we talk about risk and what might go wrong and we call people out on poor performance through project monitoring and control. In this article, we’ll look at the causes of team conflict on projects, how to identify conflict and resolution strategies so you can all get back to work. What is team conflict?

Underperforming Technical Team 319

Underperforming Technical Team Software Review Risk Management 2012 319

Rebel’s Guide to PM

APRIL 21, 2021

A Good Project Manager takes ownership of devising an executive plan that delivers results, not excuses. Time limits and well-executed facilitation. Instead, he or she provides recommendations and options as well as highlights potential risks to consider in order to estimate a given task. Jahn Karsybaev. Documentation.

2021 477

2021 PMO Executing Risk Management 477

Project Risk Coach

MARCH 2, 2016

How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. He skipped capturing his risks and conducting the risk reviews.

Risk Management 170

Risk Management Risk Technical Review Software Review 170

Rebel’s Guide to PM

JULY 20, 2023

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts in the PMBOK Guide – Seventh Edition Artifacts are categorized in the PMBOK® Guide – Seventh edition into 9 different types and that’s what this article is going to look at. What is an artifact?

Logistics 253

Logistics Artificial Inteligence PMI Performance Measurement 253

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). Risk Management Plan Template.

Risk Management 105

Risk Management Risk Planning Technical Review 105