How to Identify Scope Risks

Project Risk Coach

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks?

Risk 301

Software Review: ProjectManager.com [2016]

Girl's Guide to PM

The dashboards give you a snapshot of the project in real time and are ideal for showing a summary of progress, risks and effort on one page – good for project sponsors and other stakeholders who aren’t that good at reading status reports. General information.

2016 215

Match Game: Project Risk Management

Project Risk Coach

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. Matching Game: Project Risk Management. Risk. Secondary risk.

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How to Identify and Manage Secondary Risks

Project Risk Coach

A response to risk can create other risks. These secondary risks may be more significant than the primary risks if we are not careful. What is a secondary risk? A secondary risk is a risk that is created by a response to another risk.

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Risk Intervals and timeliness

Musings on Project Management

Want to manage risks? Everybody starts with the traditional four steps: Identify the risks. The list is different for each Prioritize among risks. some don't need to be managed Evaluate probability and impact Set up a risk response or mitigation Actually, there are problems with Step 3 It's rare, bordering Risk ManagementSuper! It's always a good idea. are you thinking strategically or tactically?

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12 Questions for Gaining Control of Your Risks

Project Risk Coach

Are you a project manager who focuses on gaining control of your project risks? Some project managers start their projects with a strong focus on risk management. When problems occur, they turn to their risk response plan. Remember the definition for controlling risks?

Get Ahead of Your Risks

Project Risk Coach

How to use key risk indicators Which would you prefer? To respond to risks after they occur or to see the risks early and take steps to prevent or reduce your risks? Project managers can get ahead of their risks by thinking differently. How to See Through Risks.

Risk 209

Autocrats and Risk management

Musings on Project Management

Autocrates and autocratic leadership -- on the one hand -- and the classic risk management on the other hand. And we ask this because: From essayist Eric Grill writing in the leadership blog of St Thomas University we learn that: Autocratic leaders typically make all major decisions on their own, with little or no input from others Risk Managementis the latter pointless in the context of the former?

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Risk Management for Project Managers

Arras People

“Increasingly,” says Walaa Bakry, who runs Westminster Business School’s project management courses, “successful project management is becoming a synonym for successful risk management. Management of Risk was the next obvious area for us to expand into.”. programme risk.

Risk 209

What Everybody Should Know About Controlling Risks

Project Risk Coach

Many project managers do a great job of identifying risks. Some even evaluate risks and develop response plans. However, project managers get busy as their projects progress and fail to control risks, resulting abandoned or wrecked projects. Implementing Risk Response Plans.

Extreme risk management

Musings on Project Management

Extreme risks: ever been there; done that? Extreme risks are those for which the consequences are irreversible, and the impact is near-catastrophic. Risk ManagementIn most cases, the likelihood of the event is low. You're probably thinking: "Black Swan". But no, a black swan is unanticipated and not-thought of -- never happened before so, not on the radar. No, I'm thinking of the knowable, if not the.

Risk 163

How to Be a Powerful Risk Management Evangelist

Project Risk Coach

Mark Langley, President and CEO of the Project Management Institute (PMI), penned a great article entitled Using Project Management to Reduce Risk. Indeed, “high-performing companies manage risk in conjunction with projects and programs far more often than low performers do.”

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Risk management for agile projects

Kiron Bondale

What are the implications to project risk management when you choose to deliver a project using an agile approach? Here are a few similarities: Risk needs to be managed through the project’s lifetime, not just at the very beginning.

Risk 253

Ineffective Risk Management [Video]

Project Risk Coach

In Chapter 3 of my book — The Intentional Project Manager , I share twelve reasons that risk management can become ineffective. The post Ineffective Risk Management [Video] appeared first on If you can’t see this video in your RSS reader or email, then click here.

Risk 195

More on the risk matrix

Musings on Project Management

In 1711 Abraham De Moivre came up with the mathematical definition of risk as: The Risk of losing any sum is the reverse of Expectation; and the true measure of it is, the product of the Sum adventured multiplied by the Probability of the Loss. Quotations Risk Management

Risk 163

How To Better Your Qualitative Risk Analysis

Project Risk Coach

Last week, we looked at why we evaluate risks — it saves time and money by allowing us to focus on the risks that matter most. Before we look at HOW to improve your qualitative risk analysis, allow me to share one more quick example of WHY it’s important.

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How to Look Backward and Forward at Your Risks

Project Risk Coach

Project managers may fail to achieve their project objectives because they don’t know how to take a look backward and forward at their risks. Project managers can use risk audits to look backward and risk reviews to look forward. Who Performs the Risk Audits?

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Are You Making These Mistakes When Responding to Risks

Project Risk Coach

Some project managers make timely responses to risks, resulting in positive progress toward their project goals; others act haphazardly, resulting in undesirable consequences. Chuck Swindoll told a funny story that illustrates the dangers of costly mistakes when responding to risks.

Risk 232

How to Identify, Evaluate, and Respond to Sneaky Risks

Project Risk Coach

How do you know when to respond to sneaky risks? Part of our problem is unknown risks; these risks silently steal and kill over time. Even if we are aware of certain risks, we may be unsure of when to respond. How a Risk Can Sneak In. How to Identify Sneaky Risks.

Risk 232

10 tips for project success: manage risk

The Digital Project Manager

Risks are ugly little things. But if the risks become issues, you’ll be in a bit of bother. Managing risk (or Management of Risk, sometimes helpfully abbreviated to MoR) is such a big deal that you. Posted in General.

Risk 235

Two doors and the risk manager

Musings on Project Management

A narrative* Imagine two doors to the same room: One labeled risk manager; the other labeled decision maker. Though the risk manager's door, entry is for the inductive thinker: facts looking for a generality or integrating narrative Through the decision maker's door, entry is for the deductive thinker: visionary with a need to connect specifics to the vision And, consider this: Pessimists. induction Risk Management

Risk 190

5 Ways You May Unintentionally Create Schedule Risks

Project Risk Coach

The Problems with Crashing, Fast Tracking, and other Schedule Compression Techniques How do project managers unintentionally create schedule risks? As we work to develop and compress our schedules, let’s be aware of the common causes of risk. 5 Causes of Schedule Risk.

2016 267

Unknowable in the risk spectrum

Musings on Project Management

Would you agree that safety risk guru Matthew Squair has it about right that this is a fair representation of the risk spectrum? Risk ManagementActually, I'm not so sure about the "Is it possible" controlling and mitigating for ontological uncertainty (Squair defines ontological uncertain this way: "Ontological uncertainty lies at the far end of our continuum and. represents a state of complete ignorance.

Risk 150

How to Connect Emerging Risks, Strategies, and Project Management [Snippet]

Project Risk Coach

How to Connect Emerging Risks, Strategies, and Project Management. Is your organization identifying and managing emerging risks? How have researchers and farmers responded to this risk? Poor recognition of emerging risks.

Risk management: we don't make policy

Musings on Project Management

From General Mike Hayden's memoir (paraphrasing from pg 428) Imagine two doors to the same room: One labeled risk manager; the other labeled visionary. Though the risk manager's door, entry is for the inductive thinker: I've got the facts; now I need to connect the dots to reveal a generality or integrating narrative Through the visionary's door, entry is for the deductive thinker: I've. creativity Risk Management

Risk 174

How To Better Your Quantitative Risk Analysis

Project Risk Coach

How can we better your quantitative risk analysis? What is Quantitative Risk Analysis? The Importance of Quantitative Risk Analysis. When to Perform Quantitative Risk Analysis. The quantitative risk analysis is not always required.

Risk 241

Risk Matrix -- One more time!

Musings on Project Management

In 1711 Abraham De Moivre came up with the mathematical definition of risk as: The Risk of losing any sum is the reverse of Expectation; and the true measure of it is, the product of the Sum adventured multiplied by the Probability of the Loss. Risk Management

Risk 150

5 Cybersecurity Tools and Services to Consider for 2016 and Beyond?

Brad Egeland

If full prevention and avoidance is basically out of the question, then we need to focus on risk identification, mitigation and response. My background is primarily information technology and project management.

2016 255

Match Game: Project Risk Management [Video]

Project Risk Coach

Download the Match Game: Project Risk Management. The post Match Game: Project Risk Management [Video] appeared first on If you can’t see this video in your RSS reader or email, then click here.

Risk 195

The first question of risk management

Musings on Project Management

The first question of risk management -- in my opinion of course: Where does the slack go? And, that's the first question because: No matter the nature, cost, impact, probability etc of the risk, you can't manage any of these without slack, ie "buffer" or "white space". "No Risk Management scheduleNo slack" is akin to "hope is not a plan" Usually, the first parameter to be abused is the slack Usually, the first abuse.

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How to Save Time and Money By Evaluating Risks

Project Risk Coach

Evaluating risks save you time and money. Too often, project managers assign resources and spend money to manage risks that are unnecessary. I learned a lot about evaluating risks as a cotton scout in the early 80s. In essence, farmers save time and money by evaluating risks.

2016 249

Seven Ways to Respond to Your Greatest Risks

Project Risk Coach

You and I encounter risks every day. Sometimes we actively respond; other times we passively accept the risk. Consider the following personal risks and responses: You feel a headache coming on. Seven Ways to Respond to Your Greatest Risks.

2016 249

12 Project Management Related Tools to Consider for 2016?

Brad Egeland

In this presentation, I'd like to share 12 such products that are definitely worth checking out for your 2016 project management needs. Portfolio executives can perform regular assessment of portfolio metrics in terms of budgets, risks, resource capacities and revenues.

2016 181

Risk management with $1Billion at stake

Musings on Project Management

Spacecraft projects are pretty tricky risk management regimes. The PMO is led by Rick Nybakken who has said this regarding risk responses to the orbit maneuver: " Risk ManagementConsider: "If anything goes wrong there's no way for anyone to intercede" That's the feeling in the Juno project office about the injection procedure of the Juno project spacecraft into Jupiter's orbit, as reported in this essay.

Risk 150

Risk responses which PMI never taught you!

Kiron Bondale

We’ve all learned the standard risk responses to threats (accept, avoid, mitigate or transfer) and opportunities (accept, exploit, enhance or share) from the Guide to the PMBOK, and Dr. David Hillson recently wrote about a ninth possible response of risk escalation.

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Are You Making This Mistake When Responding to Risks? [Video]

Project Risk Coach

Click here to learn about 12 mistakes that project managers make when responding to risks (and how to get it right). The post Are You Making This Mistake When Responding to Risks? If you can’t see this video in your RSS reader or email, then click here.

2016 222

"Yes is where the risk is"

Musings on Project Management

General Michael Hayden, now retired, writes in his book* about his years as Director, NSA and Director, CIA that in government -- and likely all of elsewhere: "Yes is where the risk is". leadership Quotations Risk ManagementThe meaning is straightforward: the safe thing is to just say No. In fact, it seems that in government particularly that the "staffers" main job is to protect their "principals" by saying No. "No" No" becomes.

Risk 150

How to Respond to Your Risks From Different Angles

Project Risk Coach

Are you guilty of trying to control risks after they are full grown? In the world of business risks, the best time to attack risk is when it’s germinating. In general, you can save time, effort, and money by attacking significant risks early.

2016 232

12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. Improving Risk Management.

2016 209

My Top 10 Most Popular Blog Posts of 2016

Project Risk Coach

Approximately 42,000 visitors came to The Project Risk Coach in 2016, up from 33,000 visitors in 2015. Top Blog Posts for 2016. Evaluating Risks Using Qualitative Risk Analysis – 1,993. 7 Things You Ought to Know About Identifying Risks – 1,786.

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