article thumbnail

The Practice Standard for Project Risk Management

Project Risk Coach

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the Project Risk Management Professional (PMI-RMP) exam ( until the updated PMI-RMP® exam comes into play April 2022 ). Here is a complete Reference List.

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

PRINCE2® is a project management method. It’s structured, and experience-based, created from the lived experience of thousands of project managers and successful projects. It’s a customizable way of managing and controlling the work. PRINCE2® was released in 1996 and had major updates in 2009 and 2017. What is PRINCE2®?

Prince2 364
article thumbnail

PMI-RMP® Training for the New Exam

Project Risk Coach

On April 1, 2022, the Project Management Institute (PMI®) rolled out the new PMI-RMP® exam. Simply put, PMI® did not use the Standard for Project Risk Management (2009) or the PMBOK® Guide, Sixth Edition (2017) to validate the exam. Why Take the Risk? In December 2021, PMI® conducted a pilot of the new exam.

PMI 221
article thumbnail

PMI-RMP: FREQUENTLY ASKED QUESTIONS FOR 2021

Project Risk Coach

The PMI Risk Management Professional (PMI-RMP)® is one of the eight PMI certifications. Individuals with this certification possess specialized knowledge and expertise in planning for risk management, identifying risks, evaluating risks, developing and implement risk responses, and monitoring risks.

PMI 259
article thumbnail

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.

article thumbnail

How Is Artificial Intelligence Being Used in Project Management?

The IIL Blog

And so, we were not at all surprised to see that at IIL’s November International Project Management Day Virtual Conference , the most attendance in any one session was at the panel discussion on, you guessed it: AI. What does it mean for me in my role as a Project Manager? ML is like a detective finding clues and solving a mystery.