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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?

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How to Manage Project Scope Without Scope Creep (with examples)

Rebel’s Guide to PM

Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. Scope creep is caused by lack of requirements management. The project manager is responsible for letting scope creep affect the project.

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Understanding What is Quantitative Risk Analysis

Project Pulse Journal

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

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Beware of the Unintended Consequences of Incentive Plans.

Scrum.org

Paul Nisbet, said, "I find fault with a {pay} plan that tends to motivate management to do whatever is necessary to raise the stock price in the short term, potentially at the expense of market share in the longer term." [i] AIG using its triple-A rating to provide credit protection to banks against mortgage-backed securities (derivatives).

Planning 185
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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. requires making estimates) ? Risk Management Papers. “A

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Basis of Estimating Software Development

Herding Cats

The estimating of software development is both straightforward and complex. When it is suggested that estimating is hard, of no value, and unnecessary, always ask what principle is used to support that claim? Software Sizing and Estimating: Mk II FPA , Charles Symons, John Wiley & Sons, 1991. Don't hear one?

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The Psychology of Forecasting Uncertainty

LiquidPlanner

Have you heard the project management saying that failing to plan is planning to fail ? This not only makes forecasting difficult but also means that project professionals will require tools that help manage uncertainty amidst shifting priorities to revise their original forecasts. . Planning for Failure can Produce Success.

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