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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 Budgeting: An Interview with Sol Benady

Rebel’s Guide to PM

In 2015 he moved into banking and spent time working on, amongst other things, Brexit plans for the bank. Have a risk budget. One thing that’s important to have is a risk budget. One of the things that people are most bothered about in my experience is what to do when the budget has gone over or is at risk of being overspent.

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Basis of Estimating Software Development

Herding Cats

The estimating of software development is both straightforward and complex. When it is suggested that estimating is hard, of no value, and unnecessary, always ask what principle is used to support that claim? Software Sizing and Estimating: Mk II FPA , Charles Symons, John Wiley & Sons, 1991. IT 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. requires making estimates) ? Risk Management Papers. “A

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From Laying the Foundation to Completion: The Basics and Challenges of Project Management in Construction

Inloox

Construction projects are associated with many risks simply based on their sheer size. A study from Oxford in 2015 fundamentally addressed the question of why major projects fail. In some cases the difference between actual and estimated numbers was up to 40 percent. What makes construction projects special? But who is to blame?

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2017 Project Management Trends To Watch

Rebel’s Guide to PM

Our software tools are full of data from the risks we log to the estimates we fail to achieve. You can’t hold information in your head about how accurate each individual team member has been in estimating their workload on this project and the last five projects they have worked on. Blended Methodology. Or something else?

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Estimates, Forecasts, Projections

Herding Cats

An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future.