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Industry, Product, and Technical Knowledge: What Makes a Project Manager an Expert?

Epicflow Blog

And in this publication, we discuss the role of industry, product, and technical knowledge in the work of a project manager. . As stated in PMI’s Pulse of the Profession® (2014) , inadequate project requirements are the cause of project failure in 37% of organizations. Risk Management. What is Industry Knowledge?

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Simplifying Procurement in Project Management

Project Pulse Journal

Whether reducing costs, ensuring high-quality supplies, or managing risks effectively, these strategies are designed to give you an edge in today’s competitive environment. Risk Management : Skilled procurement strategies mitigate risks related to supply shortages, supplier issues, and market volatility.

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Creating a Risk Register: All You Need to Know

Epicflow Blog

Project management goes hand in hand with uncertainty and risks. The present-day disruptions caused by the pandemic bits and pieces, military conflicts, and geopolitical tensions can only increase the number of risks that projects will be exposed to. . Risk Register: Definition and Purpose . How to Create a Risk Register?

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Unlocking the Power and Mastery of Development Approach and Life Cycle

Project Pulse Journal

This domain facilitates strategic alignment, optimized delivery cadence, methodology customization, increased flexibility, and improved risk management. By embracing a clear, structured, and flexible framework, each phase of the project's life cycle can be optimized for efficiency, risk mitigation, and stakeholder contentment.

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Achieving Stakeholder Management Success with the Power-Interest Grid

Project Pulse Journal

A clear, actionable framework that simplifies stakeholder prioritization and analysis and enhances your ability to engage effectively with each stakeholder according to their influence and interest would help address this dilemma. Keeping relevant stakeholders satisfied helps prevent project disruption and effectively manage uncertainties.

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Understanding a Salience Model in Project Stakeholder Management

Project Pulse Journal

Embrace a method to optimize stakeholder engagement and safeguard operational success while applying conflict resolution techniques to mitigate risks and ensure harmonious relationships within your business environment. The salience model, proposed by Ronald K. Mitchell, Bradley R. Agle, and Donna J.

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management Papers. “A 3, March 2002.