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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

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. Demonstrate Leadership Behaviors 7. Optimize Risk Responses 11. Table Of Contents. What are Principles?

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12 Sure-Fire Ways to Improve Project Risk Management

Project Risk Coach

Mike was a functional project manager in an organization where I managed a PMO. But his projects were trending in the wrong direction and his manager was not happy with Mike's performance. In a one-on-one meeting, I asked Mike how he was identifying, analyzing, and managing his risks. Frankly, he did not know how.

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How to Build a Risk Culture in Your Team

ProjectManager.com

What Is Risk Culture? Risk culture is simply an organization’s employee’s awareness, attitudes and behaviors towards risk and how they’ll manage it. An organization that has a risk culture simply means they’re prepared for identifying, managing and mitigating risks as issues arise in their work.

Risk 369
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Leadership-Risk linkage

Musings on Project Management

When applying the principle of "calculated risk", leaders should pick subordinates with the intellectual subtlety to evalutate strategic and operational problems in their full context. They should be given the latitude to judge just how much risk is appropriate given the value of the objective and the balance of resources.

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The Leadership Attitude

Rebel’s Guide to PM

There has been a notable shift in recent years to talking about project leadership, as distinct from project management. Management, as the saying goes, is about doing things right, and leadership is about doing the right things. But I think project leadership is more than these principles. It’s an attitude.

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Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

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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How to Make a Risk Management Plan

ProjectManager.com

You identify them, record them, monitor them and plan for them: risks are an inherent part of every project. Some risks are bound to become problem areas—like executing a project over the holidays and having to plan the project timeline around them. But first, what is risk management? What is Risk Management?