Risk Management and AI
Musings on Project Management
FEBRUARY 7, 2024
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are
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Musings on Project Management
FEBRUARY 7, 2024
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are
The IIL Blog
FEBRUARY 28, 2024
By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?
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Project Risk Coach
JUNE 20, 2022
The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. 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.
Musings on Project Management
MARCH 7, 2023
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are designed
Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC
Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders.
Project Risk Coach
OCTOBER 9, 2017
Up your game with new project management resources If you had to pick a few people who are helping you grow and mature as a project manager, who would those people be? Perhaps these individuals are influencing you through a blog, online videos, online courses, or books. Susanne Madsen. Susanne Madsen. Elizabeth Harrin.
Kiron Bondale
MARCH 3, 2019
A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them.
Project Risk Coach
JANUARY 20, 2020
The Project Management Institute says, "high-performing companies manage risk in conjunction with projects and programs far more often than low performers do." How can you help your company manage risks and become a high performer? Let's look at ways to become a project risk management evangelist.
LiquidPlanner
MAY 24, 2022
If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. Risk is not solved with a calculation. Are there unexpected risks now emerging?
ProjectManager.com
JANUARY 21, 2019
It’s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video. In Review – IT Risk Management Strategies and Best Practices. What is IT Risk Management?
nTask
OCTOBER 4, 2022
To deal with risks successfully, each project manager should develop and implement a risk management strategy, plan, and tools at the start of each project. Mostly, People are bad at assessing risk. They allow biases to influence their decisions or emotions to stymie decision-making processes.
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.
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?
Project Risk Coach
OCTOBER 9, 2017
Up your game with new project management resources If you had to pick a few people who are helping you grow and mature as a project manager, who would those people be? Perhaps these individuals are influencing you through a blog, online videos, online courses, or books. Susanne Madsen. Susanne Madsen. Elizabeth Harrin.
Rebel’s Guide to PM
MARCH 31, 2024
The most commonly used planning constraint method in project management was historically the “triple constraint” – time, cost and scope – sometimes known as the project management triangle or the “iron triangle” because it’s often shown as a triangle with the constraints at each vertex. What is the Triple Constraint?
Rebel’s Guide to PM
MAY 7, 2023
Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. I’ll confess: when I started out as a project manager, this was a piece of jargon that honestly didn’t mean much at all? But what is an organizational process asset (OPA)? Think intranet or policy library.
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.” Educate stakeholders.
Rebel’s Guide to PM
MAY 9, 2018
It’s an edited extract from his book Risk Happens ! Group Think Introduces Risk. Therefore, with dissent discouraged, groups tend to endorse higher risk decisions than individuals would. Risky shift is the difference between the average risk taken by individuals and the risk taken by the group.
ProjectManager.com
DECEMBER 7, 2023
These can influence the outcome of the project, program or portfolio so they must be managed. That’s why project managers and their teams need to take time to identify enterprise environmental factors that might influence their projects and figure out an action plan to mitigate or respond to them in a timely, effective manner.
MPUG
JUNE 22, 2021
A recent survey of Microsoft Project User Group (MPUG) members found that one top concern for project managers using MS Project was how to manage issues and risks within the Project ecosystem. This is valid because topics like risk management can be contentious, and having multiple sources of the ‘truth’ does not help.
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.
Leading Agile
MAY 11, 2021
In today’s environment, organizations are striving for business Agility, or else they risk being put out of business. In today’s blog, a continuation of the first in this two-part series, we’ll talk about building trust and influence, and initiating the trust-influence loop. If there is no risk, there is no need to trust.
Rebel’s Guide to PM
FEBRUARY 12, 2024
As a project manager, you are expected to have all-round skills encompassing the technical fields of project management like planning and scheduling, through to the interpersonal skills like communicating up and influencing others. Learn how to help your team manage risk so you can split the work between you.
Rebel’s Guide to PM
NOVEMBER 16, 2023
In our annual global survey , one in five (21 percent) respondents say they are using AI always or often in project management. For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk.
Project Risk Coach
FEBRUARY 7, 2022
Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. Management sees it as a way to give oversight to all the programs and projects. Third, some PMO managers lack authority and relational influence in the organization.
Rebel’s Guide to PM
AUGUST 9, 2021
Early on in my career, I had a call from the post room manager. We define it like this: The systematic identification, analysis, planning and implementation of actions designed to influence stakeholders. You probably don’t need to be told of the risks of not engaging stakeholders. Beyond the interest and influence grid.
Rebel’s Guide to PM
SEPTEMBER 26, 2023
You can earn PDUs (professional development units) for ongoing certification renewal, such as for the Project Management Professional (PMP)®, from reading. I’ve read, I’m guessing, over 150 management books in my career, and you can read my book reviews if you want to trawl through the archives. What books qualify for PDUs?
Kiron Bondale
SEPTEMBER 25, 2016
What are the implications to project risk management when you choose to deliver a project using an agile approach? Here are a few similarities: Risk needs to be managed through the project’s lifetime, not just at the very beginning. Risk bias and appetite need to be assessed when managing risks.
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.
Kiron Bondale
MAY 26, 2019
If it is a team which regularly completes more work than was forecast, this could be the result of traditional management oversight causing team members to act very cautiously when estimating their work. Poor risk management. So what happens when a team consistently misses their iteration forecasts by a significant margin?
Rebel’s Guide to PM
SEPTEMBER 26, 2022
Mike Clayton defines risk as “uncertain events that can affect outcomes,” in his book, Risk Happens!: Managing Risk and Avoiding Failure in Business Projects. Risk management is the most important of your project controls. So what exactly is project risk management? It won’t.
Rebel’s Guide to PM
FEBRUARY 13, 2023
Table of Contents Why is stakeholder management important to project success? What is stakeholder management? Reduce and Uncover Risk 3. Easier Project Closure Why is stakeholder management important to project success? What is stakeholder management? Your stakeholders can also help you identify new risks.
Rebel’s Guide to PM
APRIL 17, 2024
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. An experienced project manager will protect critical path activities so the overall project duration is preserved. Being ready to fast-track the schedule if needed.
Project Risk Coach
JULY 27, 2016
This is a guest post from Colin Gautrey, an author, trainer and executive coach who has specialized in the field of power and influence for over ten years. He combines solid research with deep personal experience in corporate life to offer his audiences critical yet simple insights into how to achieve results with greater influence.
Project Risk Coach
JUNE 14, 2021
This is a guest post from Colin Gautrey , an author, trainer and executive coach who has specialized in the field of power and influence for over ten years. He combines solid research with deep personal experience in corporate life to offer his audiences critical yet simple insights into how to achieve results with greater influence.
Project Risk Coach
MAY 24, 2022
Project managers are not just managers. Project managers shape and influence their project culture for good or bad. However, project managers must be deliberate in what we will tolerate and what we will not tolerate. Project managers must refuse to tolerate things that cause disorder, degradation, and uncertainty.
Rebel’s Guide to PM
APRIL 18, 2024
I have mentored project managers for years, and recently, more of my mentees have been going through project management apprenticeships. Maybe an apprenticeship in project management would be the right career move for you? Maybe an apprenticeship in project management would be the right career move for you?
Rebel’s Guide to PM
SEPTEMBER 20, 2020
I am reminded of the zombie movie each time I have a discussion about project management versus project leadership. Leadership is that branch of management concerning the development, nurturing and utilization of influence as way of motivating others to some end or objective.
Rebel’s Guide to PM
MAY 20, 2022
I asked five project managers to share what they do in that first conversation with their project sponsor. One of the best training courses I attended for Project Management was on influencing strategies with Learning Tree. The course model stated that without trust, influence is almost impossible. Learn about them.
LiquidPlanner
OCTOBER 16, 2018
How do you recommend managing dependencies that put the project at risk? Knowing they are there is the first step to being able to manage them! There are a few things to do here to make sure that you can adequately manage the impact of dependencies. Consider the Risks. Identify the Types of Dependencies.
Rebel’s Guide to PM
AUGUST 3, 2021
They define salience as: the degree to which managers give priority to competing stakeholder claims. Project stakeholder management and saliency. Project management relies on people: you need the project team to get things done, and that team might include members of different stakeholder groups. Things that can’t wait?
ProjectManager.com
OCTOBER 14, 2021
Managing a project is difficult. You need to be aware of the project environment and prepare for its influence on your project throughout the project management life cycle. A project environment is all the internal and external forces that exert on your project management. It’s sort of like managing risk in that way.
ActiveCollab
AUGUST 18, 2022
Risk is one of the aspects that can impact timeline, budget, scope, and project resources, and there is no way of knowing when it will happen. We can't predict the risks, but we can proactively prepare for them. Implementing efficient risk management methods, such as risk matrix, help us avoid potential damage.
nTask
NOVEMBER 12, 2018
Gary David Cohn once said, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”. Project manager or not – professionals on all levels have to interact with researching, identifying, and resolving risks. Risk Identification Techniques.
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