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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MPUG

MAY 30, 2024

The benefits of validating scope include helping to mitigate risks, facilitate effective communication, and increase the likelihood of successful project completion. Controlling Scope Scope control involves managing changes to the project scope while keeping project goals and business strategy in mind.

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The Strategic Project Manager

FEBRUARY 21, 2024

Finally, it looks at the impact and application of the Buyer Value Equation framework for developing strategy and managing projects. The “Buyer Value Equation” is a concept used in marketing and business strategy to quantify the value proposition that a product or service offers to potential buyers.

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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.

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Rebel’s Guide to PM

MAY 30, 2024

In project management, RAID is an acronym for: Risks Assumptions Issues Dependencies These are key things to track as a project manager. Risks Risks are things that might affect your project if they happen. We generally think of risks as things that could cause the project to go wrong, but risk could also be something positive.

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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.

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Rebel’s Guide to PM

NOVEMBER 16, 2023

In this article, we will cover strategies to usher in this adoption and certain tasks that can be augmented with AI. For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk.

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The IIL Blog

JANUARY 17, 2024

This is a guide to exploring key strategies for growing your project management career throughout the year. Embracing Leadership Opportunities The role of leadership in project management is pivotal, serving as the guiding force that influences the success and outcomes of a project.

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NimbleWork

MARCH 7, 2024

Organizations can employ a migration framework depending on their readiness to transition, incorporate change, manage risks and enable a culture of a truly Agile enterprise. Organizational Culture: The influence of organizational culture and mindset is another key component of your Agile transformation strategy.

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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. You can perfect your business plan and have an up-to-date marketing strategy, yet there could be an event or situation that may loom on your business as an uncalled risk.

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The Strategic Project Manager

MARCH 11, 2024

This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas tool is a management tool introduced by W. Value: Moderate.

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ProjectManager.com

MAY 16, 2024

Scenario planning is a strategy used to consider possible future events for an organization or project to develop an effective and relevant long-term plan to respond positively to that change. It focuses on the immediate impact of a specific event and provides short-term strategies to respond to it. What Is Scenario Planning?

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The Strategic Project Manager

OCTOBER 26, 2021

The Strategy Framework Canvas is useful in helping a strategist match the right strategic framework to the situation. It can also be useful to implementers, including project managers, to sharpen efforts in project scoping, risk management, managing the schedule, identifying and handling stakeholders, and using project metrics.

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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.

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Rebel’s Guide to PM

MAY 7, 2023

They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive). They serve the same purpose – to influence the context and environment for the project – except they are external influences instead of internal influences.

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Project Risk Coach

FEBRUARY 7, 2022

Third, some PMO managers lack authority and relational influence in the organization. Engage in Strategic Risk Management Strategic risk management is a process for identifying, analyzing, and managing risks most critical to the achievement of your organization's goals. How will the PMO engage with the senior leaders?

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Rebel’s Guide to PM

MARCH 31, 2024

Factors such as risks , resources (human and otherwise), expectations or even R&D or technology issues for ground-breaking tech projects can be considered as constraints. The 6 project constraints are time, cost, scope (as per the triangle) and then quality, risk and resources. Going live with innovative new solutions?

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Project Pulse Journal

MAY 10, 2024

Change management strategies in projects are now an expectation and a relevant skill for the project and non-project professionals alike. How Does Your Change Management Strategy Affect Projects? By: Hajime Estanislao, PMP, CSM Are you struggling to keep your projects on track amidst constant change? You're not alone.

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Productivity Land

JANUARY 23, 2024

Market analysis has become an essential tool for businesses of all sizes and industries that want to assess the external factors that impact their performance, strategy, and valuation. For example, you can evaluate the risks and opportunities of your project based on market research data and financial projections.

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Rebel’s Guide to PM

SEPTEMBER 20, 2020

Leadership is that branch of management concerning the development, nurturing and utilization of influence as way of motivating others to some end or objective. Failure to execute strategy is seen as a project management issue. First, there’s a big problem in business concerning how to implement strategy.

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Wrike

JULY 23, 2023

Understanding and effectively addressing risks is crucial for any business or organization. In order to implement effective mitigation strategies that minimize potential harm and maximize preparedness, it’s important to redefine our understanding of risk and overcome the obstacles that hinder successful implementation.

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The Strategic Project Manager

MARCH 14, 2024

It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy. What Is a Value Innovation Strategy? “Value innovation” is a concept introduced by W.

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Rebel’s Guide to PM

SEPTEMBER 26, 2023

Identifying and Managing Project Risk (4 th Ed) Author: Tom Kendrick. Identifying and Managing Project Risk is a big read at over 300 pages. There are some sections in it that cover enterprise risk management which you could justifiably claim in the Business Acumen section. PDU claim: 8 hours. PDU claim: 2 hours.

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Rebel’s Guide to PM

MAY 20, 2022

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. She likes detail and to be aware of all project issues and risks. In short, try to get to know them and establish trust.

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Leading Answers

JANUARY 16, 2021

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

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The Strategic Project Manager

DECEMBER 7, 2021

It then extends that simple model from prioritizing solutions to prioritizing strategies and projects. At its most basic, prioritization is all about identifying the possible solutions to our problem, identifying which will have an impact, and weighing our ability to influence each. Strategy Prioritization Matrix.

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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.

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Rebel’s Guide to PM

FEBRUARY 13, 2023

Reduce and Uncover Risk 3. That information then enables you to plan communication and engagement strategies to head off any problems while you adhere to the principles of stakeholder management. Your stakeholders can also help you identify new risks. Table of Contents Why is stakeholder management important to project success?

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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.

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iZenBridge

DECEMBER 24, 2019

And, sometimes cautious responses to project risks help in realizing opportunities. But, many of us believe that risks create an adverse impact on projects; it is not always true. Risk can be positive also. Now the question is – what is a positive risk? If these risks occur, you will get gains or benefits in the projects.

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Planio

MARCH 25, 2024

You can build the best product in the world, but without a solid customer acquisition strategy (and the right team to pull it off), no one will ever use it. 12 customer acquisition channels How to create a winning customer acquisition strategy in 2024 1. Plan and execute your strategy 6. Identify your ideal customer 2.

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Project Risk Coach

NOVEMBER 25, 2019

Which stakeholders have the most power and influence? The stakeholder engagement plan is "a component of the project management plan that identifies the strategies and actions required to promote productive involvement of stakeholders in project or program decision making and execution ( PMBOK® Guide – Sixth Edition, Page 723 )."

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UPQODE

FEBRUARY 2, 2024

For businesses engaging in B2B transactions, the distinction and appeal of your brand are primarily driven by your branding strategy. This underscores the importance of a solid B2B branding strategy for the prosperity of your small business. In this piece, we delve into the subtleties of an effective B2B branding strategy.

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Techno-PM

AUGUST 7, 2023

Introduction A risk report is a formal document that gives a systematic and complete summary of the potential risks that an organization's operations, initiatives, strategies, or external environment may face. The following steps outline the approach we take to identify, assess, and analyze risks: 1.

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Inloox

APRIL 16, 2024

How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. Assessment of threats It draws attention to potential external risks and threats that could negatively impact the project. What is a SWOT analysis?

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ProjectManager.com

JUNE 6, 2024

Therefore, the manufacturer should gather information about the supplier, including financial statements, certifications, quality control processes, insurance coverage, business continuity plans, risk management practices and their ability to handle potential disruptions. List any special tools or machines used to carry out the process step.

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Scrum.org

APRIL 10, 2023

Matrix of Influence Source: Book Product Mastery by Geoff Watts Image Created By Lavaneesh Gautam. High Influence High Interest: This is the most important group and you need to collaborate with them. Internal or External governance such as Finance, Legal, PMO, Risk, and Audit may fall into the category.

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