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Do We Need Risk Management in Agile Projects?

MPUG

But an important thing to note is that, even in the most traditional of traditional, predictive projects risk management is and has always been an iterative process. What agile adds to this, therefore, is a distinct cadence of its own iterations or drawdowns of tasks into the Work in Progress part of the Kanban Board.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

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Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

In addition to that, as well as the PMI standards plus to lead the way for the immediate processes, the techniques when it comes to things like estimating or requirements management and things along those lines. Now you’re looking at this and you’re like, now you’re squinting and looking very close at your monitor.

PMI 59
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Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Outcomes are categorized as favorable or unfavorable, and risk management is the art and science of planning, assessing, handling, and monitoring future events to ensure favorable outcomes. Hoping that the project will proceed as planned is naïve at best and poor management at worse. Hope is Not a Strategy.