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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-RMPĀ® exam comes into play April 2022 ). Here is a complete Reference List.

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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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PMI-RMPĀ® Training for the New Exam

Project Risk Coach

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

PMI 221
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PRINCE2: The Project Management Method Explained

Rebelā€™s Guide to PM

PRINCE2Ā® is a project management method. Itā€™s structured, and experience-based, created from the lived experience of thousands of project managers and successful projects. Itā€™s a customizable way of managing and controlling the work. PRINCE2Ā® was released in 1996 and had major updates in 2009 and 2017. What is PRINCE2Ā®?

Prince2 358
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PMI-RMP: FREQUENTLY ASKED QUESTIONS FOR 2021

Project Risk Coach

The PMI Risk Management Professional (PMI-RMP)Ā® 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
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How to Manage Project Scope Without Scope Creep (with examples)

Rebelā€™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.

Risk 52