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What Is Positive Risk on Projects?

ProjectManager.com

Project risk. Just the word risk can evoke the same kind of primal, fight-or-flight fear in project managers. But risk shouldn’t be feared, it’s just another part of the project to manage. All projects have some element of risk while other projects are inherently high-risk. (We’re

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

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Manage Risks While Compressing Project Schedules

Project Risk Coach

Let us explore ways to compress project schedules and manage the associated risks. One risk is that we may fail to identify activities. And this can come back to bite us later. building, software, reports). What are the budget constraints? Another risk is that we may fail to sequence the activities properly.

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Is the triple constraint in project management still relevant? (Spoiler: No!)

Rebel’s Guide to PM

Projects always have certain constraints – there may be an urgency to complete a project because of external market factors, for example; or there may have to be tightly controlled costs because of a fixed or limited budget. The 6 project constraints are time, cost, scope (as per the triangle) and then quality, risk and resources.

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Level up your project schedules: 5 advanced techniques

Rebel’s Guide to PM

However, project managers should know about their project’s critical path, especially if there are lots of dependent tasks and the dates are a challenge. Critical path method (CPM) has its roots in the US Navy back in the 1950s. They’ll tell you how the project activities are linked and you enter the data into the planning software.

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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Everything you need to know about project management terms is here in one list! Contact the editors via Twitter @ProjectTips with hashtag #PMGlossary and let us know! Read Peter Landau’s article How to Write a Business Case to learn more about its structure. It is also called a Business Case.

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12 Ways to Manage Project Quality Without Drama

Rebel’s Guide to PM

Everyone wants their projects to be “quality” but I often get asked about how to manage project quality in real life. Association for Project Management Body of Knowledge 7th Edition In other words, your quality management work is all about making sure that what you deliver is good enough for the job it was designed to do.