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The Standard for Risk Management in Portfolios, Programs, and Projects

Project Risk Coach

The Purpose of the PMI Standard for Risk Management The "standard describes the concepts and definitions associated with risk management and highlights the essential components of risk management for integration into the various governance layers of portfolios, programs, and projects." –The Download a free PDF copy if you are a PMI Member.

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PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

The History of PRINCE2® PRINCE2® is part of the best practice guidance that came out of the UK Office of Government Commerce. A British government agency, the Central Computer and Telecommunications Agency, licensed it for use in government IT projects back in 1979. It was renamed PRINCE. Directing gets a process of its own.

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Top 10 Project Management Methodologies – An Overview

ProjectManager.com

Schwaber left the Scrum Alliance in 2009 to start a parallel accreditation organization called Scrum.org. It was initially created by the UK government for IT projects. When the UK government adopted standards for IT systems in 1989, they called in PRINCE. PRINCE2 came about in 1996 as a more general project management method.

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PRINCE2 and PMBOK: How They Compare

Rebel’s Guide to PM

First came PRINCE in 1989 as the UK government standard for IT project management. The most recent version was released in June 2009, which has split the manual into two, covering project managers and project sponsors. It’s a joint venture company partly owned by the Cabinet Office of the UK government.

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What is the Increment?

Scrum.org

Scrum Guide May of 2009: Sprints deliver an increment of the final product that is potentially releasable. Think regulations and governance. Scrum started as an iterative and incremental approach for software product development. None of the previous functionality may be broken.

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Beware of the Unintended Consequences of Incentive Plans.

Scrum.org

More examples of poorly aligned incentives that contributed to the boom then bust financial crisis of 2008-2009: Fannie Mae and Freddie Mac using their implicit government backing to take on significant mortgage risk with little capital backing.

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The Evolution of Project Management

The IIL Blog

Public Sector Project Manager Selection In most government agencies, PMs were seen more so as project monitors rather than project managers. The assignment as a government project monitor was seen as an add-on to one’s normal job. Executive sponsorship was merely eyewash for government agencies.

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