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9 Steps to Managing Risk for Your Projects

LiquidPlanner

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

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Project Management and Leadership – can you have one without the other?

Rebel’s Guide to PM

Companies tend to adopt a project management method such as PRINCE2® to ensure that everyone works to the same framework. Without this, there’s a risk of miscommunications with colleagues, sponsors and the rest of the Project Board. A version of this article first appeared on this site in 2012.

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Prince2 Certification Guide for Misguided #ProjectManagers

nTask

So, here I am, once again, writing the dreaded guide about Prince2 methodology and certification. Believe me, getting the Prince2 Foundation level certificate is not as hard as having to write the entire post again…. Prince2 Certification from Experts’ Point of View: Let’s start with Colin Bentley this time.

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Project Boards and Project Steering Groups: An Introduction

Rebel’s Guide to PM

They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. That’s the minimum (and the approach advocated by PRINCE2). It was a much smaller group, and focused on strategic decision making instead of day-to-day problem solving and risk management.

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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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

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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. Risk Management is essential for development and production programs.

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

The risk is created when we have not accounted for this natural variances in our management plan for the project. Dealing with Aleatory (irreducible) uncertainty and the resulting risk requires we have margin. An aleatory risk is expressed as a relation to a value. One starting point is the value at risk.

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