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

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

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.

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Risk Management Risk 2012 Prince2 167

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

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? Let’s expand that simple answer. Of course not.

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Risk Management Risk Agile Technical Review 98

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

MPUG

APRIL 26, 2021

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Some were taken, but most ignored or overlooked because of other projects and lack of understanding of risk management at an organizational level.

Governance 122

Governance Government Risk Management Risk 122

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

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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Risk Technical Review Risk Management Estimate 317

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

Scrum.org

JULY 10, 2018

Often I hear people say that Scrum does not take care of risk: there is no risk log, risk is not on the agenda of the Sprint Review or Retrospective as a standard agenda-item. That's a risk right there! How is risk managed in Scrum? Scrum is all about risk management. Different types of risks.

Risk Management 116

Risk Management Risk Technical Review Underperforming Technical Team 116

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

ProjectManager.com

FEBRUARY 27, 2024

Project planning is one of the first and most important aspects of project management. Project management software does more than a static Excel or Word template, but using these free 12 project planning templates for Excel and Word is a decent substitute. Project planning templates are part of project management.

Planning 361

Planning Software Review Risk Management Budget 361

MPUG

NOVEMBER 28, 2022

For most of us, risks and risk management are a part of everyday life. From the time we wake up to the time we settle in for sleep at night, our days are filled with making decisions both big and small that help us manage and prevent potential risks. Five Risk Management Best Practices.

Risk Management 59

Risk Management Risk Underperforming Technical Team Leadership 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

ProjectManager.com

MAY 15, 2024

Project planning, execution, monitoring and controlling are often the focus of project management. Project completion is the final phase of a project’s life cycle, which starts with initiation and moves through planning, execution, monitoring and controlling to project completion. That’s a mistake. What Is Project Completion?

Project Life Cycle 339

Project Life Cycle Software Review Certification Construction 339

MPUG

APRIL 9, 2022

It’s easier to ignore the possibility of risks when the business is doing well — but not having a plan for potential unforeseen threats could be the most significant risk of all. The risk management process involves identifying, assessing, and controlling risk factors that threaten an organization’s earnings and assets.

Risk Management 69

Risk Management Risk Sustainability Monitoring 69

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.

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PMI 2022 2009 2021 221

Wrike

SEPTEMBER 30, 2023

Effective risk management is crucial for the success and sustainability of any business. By identifying and addressing potential risks, organizations can minimize their impact and ensure continuity of operations. These risks can arise from various sources, such as financial, operational, legal, or technological factors.

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Risk Management Risk Technical Review Monitoring 36

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

Wrike

JULY 28, 2023

Risk management is an essential process for businesses to identify and mitigate potential risks that could impact their operations. Fortunately, there is a valuable tool that can greatly aid in this process – the risk assessment template.

Risk Management 36

Risk Management Risk Technical Review Finance 36

Rebel’s Guide to PM

SEPTEMBER 24, 2023

PRINCE2® is a project management method. It’s structured, and experience-based, created from the lived experience of thousands of project managers and successful projects. It’s a customizable way of managing and controlling the work. Manage by exception I love this principle. What is PRINCE2®? Who is PRINCE2® for?

Prince2 351

Prince2 Technical Review Governance Government 351

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.”

Risk 186

Risk Risk Management Controlling Closing 186

Rebel’s Guide to PM

MAY 2, 2022

The mission of a project portfolio manager is clear enough: maximize the business benefits of projects. In this article, you’ll learn the top 5 key considerations and knowledge areas under which the main criteria for managing a project portfolio can be grouped. Consideration #2: Managing complex risk is all about balance.

Technical Review 350

Technical Review Risk Management Governance Government 350

MPUG

JANUARY 17, 2021

As I interact with various project, program, and portfolio (PPP) management professionals who use my courses, read my books, and/or attend my webinars, I get many queries on the risk management life cycle approach. A few questions come to mind: How do we address risks in the entire context of projects, programs, and portfolios?

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Risk Management Risk Closing Monitoring 103

Wrike

JUNE 18, 2023

The importance of risk management cannot be overstated. With increasing reliance on technology and the ever-growing threats of data breaches, cyber attacks, and system failures, organizations must be proactive in identifying, assessing, and mitigating risks. This is where risk management software comes into play.

Risk Management 36

Risk Management Risk Software Review Software 36

Wrike

JUNE 11, 2023

Risk management has become an integral part of organizational success. Effective risk management allows businesses to identify potential threats, assess their impact, and implement strategies to mitigate or avoid them altogether. By doing so, companies can safeguard their assets, reputation, and long-term viability.

Artificial Inteligence 36

Artificial Inteligence Risk Management Risk Healthcare 36

ProjectManager.com

JANUARY 26, 2024

Asana is a popular work management software that helps teams collaborate on tasks and projects. Microsoft Project is a popular project management software that has the tools that project managers need to manage teams and projects. ProjectManager is the project management winner in the Asana vs. Microsoft Project bout.

Software Review 317

Software Review 2024 Aerospace 2008 317

PM Basics

SEPTEMBER 8, 2022

It is hard to imagine what you can do with a project risk. What can you, as a project manager, do to mitigate a risk? Adding some risk reserves and removing requirements from the scope are not the only options. I want to share some stories of risk management with you. Risk of Losing an Important Team Member.

Risk Management 52

Risk Management Risk Underperforming Technical Team Technical Review 52

Resource Guru

APRIL 13, 2023

Monitoring and controlling a project is an essential part of any successful project process. So come with us as we go down the rabbit hole of monitoring and controlling, and show you just how important it really is. In this article, we’ll cover: What is monitoring and controlling in project management?

Monitoring 52

Monitoring Controlling Project Life Cycle Software Review 52

Wrike

JUNE 11, 2023

Businesses of all sizes and industries are constantly exposed to various risks that can negatively impact their operations, reputation, and overall success, and the importance of risk management cannot be overstated.

Risk Management 36

Risk Management Risk Healthcare Governance 36

Rebel’s Guide to PM

JULY 22, 2023

The easier part is always implementing that decision – after all, isn’t that what project managers do? As a project manager, you will be used to making multiple decisions on a daily basis. Some of the most common decisions for project managers are related to cost, scope, resources, and schedule. We would delay the pilot.

Software Review 296

Software Review Monitoring Risk Management Governance 296

Project Risk Coach

JULY 5, 2022

In this article, we will explore this domain, why it's critical to projects, how to engage stakeholders, and some common stakeholder risks. This domain "addresses activities and functions associated with stakeholders" ( A Guide to the Project Management Body of Knowledge, PMBOK® Guide, Page 8). Stakeholder. Status reports C.

Risk Management 221

Risk Management Executing Risk Monitoring 221

Rebel’s Guide to PM

SEPTEMBER 29, 2022

I bet you have plenty of project management processes, don’t you? One for risk, one for escalations, one for changes, issues, new project kick-off, closure, logging dependencies… the list goes on and on. Let’s look at 5 common reasons why processes fail to serve you when managing projects and what you can do about them.

Process 371

Process PMO Risk Management Software Review 371

Rebel’s Guide to PM

SEPTEMBER 24, 2023

Tolerances are an important part of being able to work autonomously as a project manager. The project tolerance definition I use in my book, Project Manager , is this: Tolerances are how much you can flex within your project without having to go back for approval. Which level of management sets the project tolerances?

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Prince2 Sustainability Risk Management Budget 323

Project Risk Coach

OCTOBER 18, 2021

Are you aware that the Project Management Institute (PMI) is updating the PMI-RMP exam? Moreover, the exam is being updated with terms and concepts that are in alignment with the PMBOK® Guide and the new Risk Standard. Related article: The Practice Standard for Project Risk Management. Table Of Contents.

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PMI 2021 Certification 2022 221

Wrike

OCTOBER 6, 2023

In the world of project management, uncertainty is an ever-present element that can greatly impact the success or failure of a project. It is essential for project managers to understand the nature of uncertainty and how it manifests in various forms. This uncertainty can impact project timelines and deliverables.

Risk Management 36

Risk Management Risk Technical Review Underperforming Technical Team 36