Remove 2007 Remove Budget Remove Risk Remove Risk Management
article thumbnail

Managing Risk from Every Level of Your Organization

LiquidPlanner

If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. Risk is not solved with a calculation. Are there unexpected risks now emerging?

article thumbnail

Why do projects fail? (Includes examples!)

Rebel’s Guide to PM

The ones that hit the papers are often public sector projects because their audits and budgets are more open to scrutiny. It also cost ten times more than the original budget, finally coming in at £430 million. The planned spa complex to boost tourism in Bath was originally budget at £13.5 billion to £10.9

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Overcoming bias in project management

Rebel’s Guide to PM

Are you biased as a project manager? In this article we’ll talk about the different types of bias in project management. A project manager is the linchpin of a successful project. Let’s look at what heuristics and biases exist in management and what we can do to reduce their impact on our projects.

article thumbnail

MPP File Extension: What Is It & How to Open It

ProjectManager.com

Managing a project is a team effort. Depending on the project management tools that you use, you could end up with files of various types—and this can cause compatibility issues. Depending on the project management tools that you use, you could end up with files of various types—and this can cause compatibility issues.

2003 224
article thumbnail

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

article thumbnail

Risk Management is How Adults Manage Projects

Herding Cats

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. . Software Risk Management , Barry W.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Making these decisions in the presence Uncertainty ?