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How Poor Risk Management Is Hurting Your Program

Project Risk Coach

Poor risk management is costly. Let's look at the cost of poor risk management through the example of Tom Whitley. The Risk Management Mistakes of Tom Whitley The Star Mutual Insurance Company (SMIC) hired Tom Whitley as a project manager to manage information technology projects. The imaging team had started building workflows.

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Product Planning Fundamentals: Develop a Product Plan in 6 Steps

ProjectManager.com

While the technical theory of product planning may interest some, we’ve found it more helpful to use an action-oriented method, which we will outline below. You have just developed a product that could potentially be monetized and sold to marketing agencies around the world. Then, assign each task out to the team with due dates.

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

Suppose a project manager has an upcoming project for website development and design. The project has a defined timeline of six months, and the resources involved are developers, testers, UI/UX designers, analysts, etc. Let’s consider an example of resource forecasting in project management.

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What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

Having designated risk roles ensures that significant risks receive attention and allows everyone on the team to focus on completing the project successfully. First, sponsors develop and cast the project’s vision, including goals , risk appetite , and risk thresholds. Information Technology) or in a Project Management Office (PMO).

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How to Budget For Your Company’s Technical Debt

Zen Project Management

Guest post by Dr. Mik Kersten While “technical debt” is a term that’s frequently used by technologists, the implication and understanding of it tends to be opaque to the business until it’s too late - just look at how Nokia lost the mobile market that it helped create. What’s technical debt?

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10 Strategies for Successful Project Execution

ProjectManager.com

Let’s review strategies and tools you can use, and learn how they can help you close that gap to promote successful project execution. We’ll hear from experts and review key takeaways that project leaders can immediately put into practice in their programs and projects. Manage Team. Conduct Team-Building Exercises.

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Risk Breakdown Structure for Projects: A Complete Guide to RBS

ProjectManager.com

Either way, project managers have to prepare for risk, either good or bad—it can interfere with project objectives. More often, you’ll address it during the planning phase when you assign roles and responsibilities to your team members. Technical: Scope, requirements and other technical issues call into this category.

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