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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? It helps to think of risks in categories.

Risk 317
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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Opportunity costs are the benefits lost because of investment decisions and important to consider when capital budgeting. The time value of money is about the potential rate of return on the investment as well as the reduced purchasing power over time due to inflation. Conducting a feasibility study is a good idea.

Budget 346
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5 Notorious Failed Projects & What We Can Learn from Them

ProjectManager.com

Developed by Sony, Betamax was introduced in the mid-1970s but was unable to get traction in the market, where JVC’s VHS technology was king. Long before it discontinued the technology, Betamax was already irrelevant. This was a creative project, which might not have met its paper objective, but created a slew of useful technologies.

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Free Issue Log Template For Your Projects

Rebel’s Guide to PM

You can also keep the relevant details for future reference, so you can look back and review what you did to address the problem. The issue register for a similar project can also give you some key risks for future projects — perhaps you’ll see the same problems again? Project Workbook and Budget Tracker $6.00

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SWOT analysis in project management: definition, instruction & example

Inloox

Identifying and seizing these opportunities early on can mean the difference between a good and a great project outcome. Assessment of threats It draws attention to potential external risks and threats that could negatively impact the project. How can we benefit from new technological developments?

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How to Use Project Management Principles to Improve Online Assessment Outcomes

Binfire

This is the part where project management principles come into play. Companies can improve results and reduce risks by using project management principles in online assessments. This blog post will discuss how project management principles can improve online assessment results.

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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

In other words, you can look at an organization with strong project management maturity as one that’s managing the planning, execution and compilation of its projects well. This is true across all industries, from construction to manufacturing, professional services to IT and, really any organization that is managing projects.