Project Risk Coach

NOVEMBER 1, 2021

In this article, let’s see how the PMBOK® Guide, Seventh and Sixth Editions differ, explore the Risk Principle in the Seventh Edition, and look at how risk management methods relate to principles. 3 The Risk Management Principle 4 What is a Method? What do we know about principles? Look for upside and downside risks.

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Risk Management Risk PMI PMO 394

Project Risk Coach

MARCH 28, 2023

As the project management landscape becomes increasingly complex, effectively identifying, assessing, and managing risks has become critical for project managers. The PMI-RMP certification covers various domains, each with its set of tasks and enablers that project managers can leverage to manage risks effectively. Domains (e.g.,

PMI 221

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Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? First, risk appetite is the degree of uncertainty. Let’s look at this definition closer.

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ProjectManager.com

SEPTEMBER 13, 2022

Among this release’s hundreds of product updates, we wanted to highlight two that our business edition subscribers and above can access: risk management and recurring tasks. Manage Risks to Avoid Unexpected Project Impacts. Without the ability to identify and monitor project risks, customers can’t prepare for the unexpected.

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Project Risk Coach

JANUARY 24, 2022

Poor risk management is costly. Program managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. Douglas Adams.

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Underperforming Technical Team Risk Management Risk Technical Review 221

The IIL Blog

JANUARY 24, 2024

Time and time again, I see organizations are not dealing with risk appropriately. Sure, they have a list of five to ten risks on their projects, but they are not managing their risk and are falling into risk management pitfalls. Some people would call this risk magic. PMBOK 5 th Edition, PMI. Well wait a minute.

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Scrum.org

AUGUST 28, 2020

This series is not about easy answers or practical tips, but to develop a more complete understanding of what may be going on. If you like it, and you’d like more of it, please consider supporting us too. It also doesn’t help us understand why selecting the best people doesn’t automatically result in a stellar performance.

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Kiron Bondale

FEBRUARY 27, 2022

While presenting the project risk management knowledge area from the PMBOK framework, when I indicated that while in our daily conversations risks are usually threats there can be positive risks as well, I was met with some disbelief and skepticism. A positive risk is not something recognized outside of the PM space.

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Risk Risk Management PMI Construction 334

LiquidPlanner

MAY 24, 2023

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

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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

APRIL 8, 2019

Most of us have personal and career goals. Our ability to achieve those goals is dependent on our risk management skills, that is our ability to manage opportunities and threats. Through the years, I have captured my favorite quotes related to the art and science of risk management. Click to Tweet. PRESIDENT 9. "A GEORGE S. "Not

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Epicflow Blog

MAY 25, 2021

pe’ve gathered the questions that our users most frequently ask about Epicflow. Read further to find out how the system works, learn more about Epicflow’s features, find answers to the questions coming from the experience of working with Epicflow, and other important information about our product. . How Does Epicflow Work .

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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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Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Without them, we would spend innumerable hours worrying about everything. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual.

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The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Without them, we would spend innumerable hours worrying about everything. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual.

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Risk Management Risk Cadence 2016 88

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

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Project Risk Coach

JULY 23, 2018

It's easy to miss project risks. And, until a project manager has identified the threats and opportunities, the risks cannot be managed properly. Projects rise and fall with the project manager's ability to properly identify and manage their most significant risks. Neither can project managers afford to miss the critical risks.

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Risk Risk Management Budget Estimate 186

Project Accelerator News

FEBRUARY 9, 2024

When it comes to challenges, one of the biggest that we face is preparing for emerging risks. These are those risks that were previously unknown, or any familiar risk that manifests in a new way. All too often, our response to existing risks is not sufficient to deal with the risk.

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Risk Management Risk Governance Government 59

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

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Risk Management Risk Agile Technical Review 98

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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Kiron Bondale

MAY 17, 2020

I responded to a discussion thread on ProjectManagement.com this week about categorizing risks and after doing so, I spent some time thinking about the impacts of bias on how we evaluate risks. What is important is to clearly articulate the uncertain event as well as the impact to the project.

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Project Risk Coach

AUGUST 29, 2016

How to use key risk indicators Which would you prefer? To respond to risks after they occur or to see the risks early and take steps to prevent or reduce your risks? Project managers can get ahead of their risks by thinking differently. Think about it. Risks may have already occurred.

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WorkOtter

MAY 10, 2023

Sometimes it can be difficult to be the bearer of bad news, but it is a necessary thing to do when it comes to communicating certain risks to stakeholders. They have a right to be informed about uncertainties and problems that your business is facing. Taking the time to identify these risks can help prevent them before they occur.

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Risk Process Technical Review Software Review 78

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.

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nTask

JUNE 10, 2021

To put it simply; we are excited to bring a revamped Risk register with a bunch of exciting new features dedicated to acing Risk mitigation like a pro. There are custom fields, checklists, new drop-down options, Risk Matrix charts like never before, and much more. What’s New with nTask Risk Management Module?

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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.

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Rebel’s Guide to PM

APRIL 22, 2024

Mostly, people want to chat about other people. Here’s another from my work that’s not really poor management, but it did cause us some problems. I suggest adding the relevant ones to your risk log so they are constantly under review. Use resource leveling to manage. Worth having on your risk register!

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Technical Review PMO Risk Management Software Review 280

Project Risk Coach

JULY 2, 2018

Poor risk management is costly. Project managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. Douglas Adams.

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Underperforming Technical Team Risk Management Risk Technical Review 136

Scrum.org

JULY 10, 2018

Often I hear people say that Scrum does not take care of risk: there is no risk log, risk is not on the agenda of the Sprint Review or Retrospective as a standard agenda-item. That's a risk right there! How is risk managed in Scrum? Scrum is all about risk management. Different types of risks.

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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. Critical path method (CPM) has its roots in the US Navy back in the 1950s. That’s why contingency plans are useful: they allow you to switch seamlessly(-ish) to a Plan B.

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Critical Chain Software Review Budget Risk Management 341

MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. Risk and Uncertainty. All too often, SRA is lumped into Risk Management. I prefer the term Risk and Uncertainty Management, because they are really two different disciplines. Introduction.

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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. Methodology Risk report follows a systematic methodology to provide an accurate and comprehensive analysis of potential risks.

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Project Risk Coach

MAY 4, 2016

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 control risks, resulting abandoned or wrecked projects. So, what does it mean to control risks? Do Project Managers Really Control Risks?

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PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

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Risk Risk Management Software Review Technical Review 59

Kiron Bondale

DECEMBER 23, 2023

While concerns persist about potential negative effects, such as new project risks and potential job displacement, there’s also optimism. tools, when used appropriately, are seen as potential assistants in delivering projects more efficiently and effectively, akin to other professions.

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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.” “Leadership is influence.

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Kiron Bondale

JULY 3, 2017

While it is frequently used by agile teams to size work items (e.g. user stories), planning poker can also be used to facilitate other types of decision making so why not use it for qualitative risk analysis? Finally, I’ve seen some teams analyze risks as part of the identification process.

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