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

Productivity Land

JULY 17, 2023

However, navigating uncertainties requires effective risk management. In this article, we will delve into the world of agile risk management, exploring strategies to identify, assess, and mitigate risks in projects. By recognizing and categorizing these risks, project teams can proactively address them.

Risk Management 81

Risk Management Risk Technical Review Agile 81

Project Risk Coach

AUGUST 13, 2018

Many project managers do a great job of identifying risks. Some even evaluate risks and develop response plans. However, project managers get busy as their projects progress and fail to monitor their risks, resulting in challenged or failed projects. Do Project Managers Really Control Risks?

Monitoring 207

Monitoring Risk Management Risk Controlling 207

Project Risk Coach

JANUARY 21, 2019

If you say the word “risk” to ten people, each person may think of something different— insurance, threats, investments, bets, or potential loss. As we manage project teams, it's critical that you and your team members have a common understanding of what project risk means. Next, agree on a definition for project risk.

Risk 331

Risk Risk Management Defining Planning 331

Project Risk Coach

FEBRUARY 14, 2022

I have had the privilege of managing three Project Management Offices (PMOs), composed of several project managers. The best project managers were the ones who had a habit of identifying and managing risks. Let's look at three ways you can improve your risk identification and reduce major misses.

Risk 221

Risk Risk Management Initiating Planning 221

Project Risk Coach

AUGUST 7, 2016

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. If you are preparing for the PMP or PMI-RMP exam, this exercise will certainly be helpful. Secondary risk.

Risk Management 150

Risk Management Risk PMI Executing 150

Project Risk Coach

FEBRUARY 14, 2022

I have had the privilege of managing three Project Management Offices (PMOs), composed of several project managers. The best project managers were the ones who had a habit of identifying and managing risks. Let's look at three ways you can improve your risk identification and reduce major misses.

Risk 195

Risk Risk Management Initiating Planning 195

Project Risk Coach

DECEMBER 26, 2017

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. Often project managers start with a splash. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. When to Identify Risks.

Risk 306

Risk Software Review Risk Management Energy 306

Project Risk Coach

JUNE 17, 2016

Mark Langley, President and CEO of the Project Management Institute (PMI), penned a great article entitled Using Project Management to Reduce Risk. Indeed, “high-performing companies manage risk in conjunction with projects and programs far more often than low performers do.” Next, educate your leaders.

Risk Management 150

Risk Management Risk Influencer PMI 150

Inloox

FEBRUARY 2, 2023

Know the risks in your project! Risk management plays an enormously important role in project management. The task here is to identify, analyze, control and ultimately minimize risks. The better risk management is handled in your project, the greater the probability of success, all other things being equal.

Risk 172

Risk Underperforming Technical Team Governance Government 172

Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

Risk Management 52

Risk Management Risk Engineering Estimate 52

Project Risk Coach

JUNE 19, 2017

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. How can project managers optimize their risk responses and get the results they are looking for? Risk reassessment.

Controlling 290

Controlling Risk Technical Review Performance Measurement 290

Project Risk Coach

MARCH 2, 2016

John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. Improving Risk Management.

Risk Management 170

Risk Management Risk Technical Review Software Review 170

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?

Controlling 199

Controlling Risk Technical Review Performance Measurement 199

Rebel’s Guide to PM

JANUARY 30, 2024

Employers also see reducing risk as a benefit. In my article on how to convince your boss to go (or stay) remote , I shared research on how 73% of managers reported reduced risk with flexible work, as employees can work regardless of bad weather, illness, and various other factors. We’d love to hear from you.

2018 298

2018 Risk Management Energy Risk 298

Project Risk Coach

AUGUST 9, 2021

Project managers should work closely with their project sponsor to develop an agenda for the project kickoff meeting.

Underperforming Technical Team 397

Underperforming Technical Team Initiating Risk Management Closing 397

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.” -Dr.

Risk 186

Risk Risk Management Controlling Closing 186

Rebel’s Guide to PM

JANUARY 8, 2024

It would be nice to think that every company has a formal mentoring scheme , and that as a new project manager you can tap into the experience of more experienced people. As a result, people managing projects for the first time often find themselves making mistakes. Learn the vocab Project management has a lot of jargon.

Risk Management 317

Risk Management Underperforming Technical Team Risk Controlling 317

Project Risk Coach

OCTOBER 23, 2021

Some project managers have a defensive mindset. 3 Is an Opportunity a Risk, Really? Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Consequently, these project managers and team members fail to take advantage of these upside risks. Table Of Contents.

Underperforming Technical Team 363

Underperforming Technical Team Risk Management Project Life Cycle Risk 363

Rebel’s Guide to PM

APRIL 10, 2023

Keeping track of problems on projects is really important if you want to come across as a professional project manager. I use an issues log (it’s an Excel spreadsheet) to make sure I record, remember and manage all the issues on my projects. Why not plan for them just in case on your risk register? Do you want it too?

Technical Review 382

Technical Review Risk Management Budget Risk 382

Project Risk Coach

MAY 24, 2021

Many project managers feel overwhelmed with emails, phone calls, and meetings. Although we are all given the same amount of time each day, some project managers are able to produce greater value for their organizations. Problem #1: I am spending more time managing issues than managing upcoming project activities.

Energy 397

Energy Underperforming Technical Team Risk Management Risk 397

MPUG

JUNE 6, 2022

But, how does all of this fit into Risk Management? Risk Managers don’t toss coins or calculate heads/tails in an experiment. Probability Distribution and Risk Management. With the above basics, let’s consider another example to understand probability distribution from the perspective of risk management.

Risk Management 64

Risk Management Risk Estimate 2019 64

Workamajig

JUNE 7, 2018

Every project has some risk of failure. This guide on project risk management will help you understand and manage risks better. If there is one thing you can be certain about in project management, it's this: Every project carries some risk. Putting out these fires is your job as the project manager.

Risk Management 90

Risk Management Risk 2008 Budget 90

Rebel’s Guide to PM

MAY 31, 2023

Project managers know that cooperation boosts productivity on projects and is beneficial in a team environment. Teamwork ensures that resources are well-managed and less time is needed to complete a project. And if that wasn’t enough, here are 10 reasons why teamwork is vital to effective project management.

Risk Management 296

Risk Management Leadership Risk Innovation 296

Project Risk Coach

JULY 5, 2017

I have had the privilege of managing two PMOs, both composed of several project managers. It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. Rather, they had a habit of reevaluating their projects with an eye toward new risks.

Risk 255

Risk Risk Management Initiating Planning 255

Rebel’s Guide to PM

APRIL 17, 2024

Perhaps your work is very linear so it’s so obvious you don’t need to go through the exercise of working it out. 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. Contingency plans form part of your overall project risk management.

Critical Chain 334

Critical Chain Software Review Budget Risk Management 334

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

Rebel’s Guide to PM

APRIL 5, 2024

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. How many knowledge areas are there in project management?

PMI 201

PMI Risk Management Risk Technical Review 201

Project Risk Coach

JUNE 28, 2021

Use your interpersonal skills to influence the resource manager and others who select the team members. Encourage collaboration early by facilitating team discussions, problem-solving, and brainstorming exercises. The post How to Improve the Performance of Your Project Teams appeared first on Project Risk Coach. How About You?

Influencer 397

Influencer Executing Risk Management Initiating 397

Project Risk Coach

NOVEMBER 21, 2016

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks? What are some examples of scope-related risks?

Risk 150

Risk Software Review Risk Management Defining 150

Scrum.org

AUGUST 13, 2023

At the beginning mostly as a project manager, and afterward as a Scrum Master. One of the patterns I’ve noticed in all these years is how teams, management, and stakeholders respond to complexity. This was until Christiaan Verwijs and I designed the “ Definition of Done ” exercise as part of the Scrum.org PSM II class.

Software Review 158

Software Review Underperforming Technical Team Technical Review SCRUM 158

Wrike

MAY 20, 2021

A lot of the reasons are procedural relating to scope definition , methodology, and communication, for example, but there is a common theme: an inadequate risk identification process. Poor risk management isn’t just an issue that impacts big businesses. What is risk management?

Risk Management 36

Risk Management Risk PMI Governance 36

Wrike

JUNE 11, 2023

This article explores the world of neuroplasticity and the seven exercises you can incorporate into your daily routine to keep your mind sharp and agile. It can also reduce the risk of age-related cognitive decline and neurodegenerative diseases such as Alzheimer’s and dementia.

Agile 36

Agile Risk Management Engineering Risk 36

Project Risk Coach

JUNE 9, 2023

Prioritize and Set Clear Goals One of the fundamental principles of time management is setting priorities. Explore automation solutions for email management, social media scheduling, data entry, and more. Learn to Say No Saying no is an essential skill for saving time and managing your workload effectively.

Energy 284

Energy Risk Management Planning Risk 284

Project Risk Coach

MAY 3, 2021

Brainstorming A senior leader asked Jane to manage a project to implement a new insurance policy administration system. She facilitated the round robin exercise asking each participant for their top three. The post 3 Ways to Improve Cost Estimates with Your Teams appeared first on Project Risk Coach.

Estimate 370

Estimate Finance Budget Risk Management 370

MPUG

FEBRUARY 6, 2023

Risk Identification Techniques At the start of every project, you as a project manager (PM) have a lot of important things to do, and you don’t want to forget any of them. The risk management process is core to our practice of Project Management. Some will, rightly, want to minimize all scope for risk.

Risk 59

Risk Risk Management Innovation Energy 59

Kiron Bondale

AUGUST 15, 2021

Nearly all boxes are unpacked and we’ve even managed to put some of our home decorations up but there’s still a lot left to do to achieve our desired outcome. While the move itself tended to involve a number of negative risks, the post-move stages have also introduced some positive ones.

Risk Management 207

Risk Management Risk Executing Leadership 207