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.

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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.

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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.

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What is Risk Management?

Herding Cats

Risk management is about making informed decisions by consciously assessing what can go wrong, as well as the likelihood and severity of the impact when that possibility comes true. The heart of Risk Management is making informed decisions in the presence of the uncertainties that create risk.

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Risk Management is How Adults Manage Projects

Herding Cats

These uncertainties create the risk to the success of all projects. Without managing in the presence of risk, the probability of project success is significantly reduced, most likely reduced to zero. Management in the presence of risk has the following steps: [1].

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The Naive Notion that Agile Mitigates Risk

Herding Cats

The post Top 5 Ways Agile Mitigates Risk is one of those posts that's not wrong in what it says at the detail level - more or less, but is not right in principle. Agile Mitigates Risk - is not correct. Agile provides rapid identification of risk. What is risk management?

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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?

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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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Information Technology Risk Management

Herding Cats

Risk Management is How Adults Manage Projects - Tim Lister (IBM). It can't be stated too often - either manage risk, or risk will manage you. Projects without risk management are late and over budget before they start. Reducible uncertainties can have specific actions to reduce to risks that result from the uncertainties. Irreducible uncertainties can have no specific actions, but must have margin to protect from the resulting risk. IT Risk Management.

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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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.

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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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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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The Most Popular Project Management Hacks Articles of 2016

Project Management Hacks

A news screen at the gym informed me that there are less than 30 hours left to go in 2016! They’re often mandatory for high risk activities (e.g. 16 Podcasts To Grow Your Career In 2016.

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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.

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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.

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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.

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.

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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

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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.

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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

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Probability plays a powerful role in project management

Kiron Bondale

A similar situation occurred in the United States with the Republican candidate selection process for the November 2016 elections. Both of these scenarios provide good examples of low probability, high impact risks. Lethal impact, very low probability risks often get dealt with.

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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.

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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.

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Managing Risk: The Unknowns that Really Matter

Hydra

A large part of the successful delivery of any project is the ability to reduce, eliminate and account for the unknowns, otherwise known as 'risks'. {socialbuttons}.

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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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Risk Management is All in YOUR Head

PMStudent

“Everything in life has some risk, and what you have to actually learn to do is how to navigate It.“ “ – Reid Hoffman No project is without risks. It is all in how you handle those risks.

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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.

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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.

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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.

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Sustainable Risk Management – Four Current Challenges with Solutions

Green Project Management

This post focuses on the current challenges of sustainable risk management within sustainable change delivery, with useful perspectives, tools, and techniques. The post Sustainable Risk Management – Four Current Challenges with Solutions appeared first on Delivering a better world, one project at a time. This blog post is part of a series that provides the foundation for understanding sustainable change delivery.

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Podcast 77 – Great Risk Management with Carl Pritchard

Fix my Project Chaos

Great risk management with Carl Pritchard In this podcast US risk management expert Carl Pritchard speaks with Elise about great risk management. As a lecturer he is considered a leading authority on risk and communications management […]. The post Podcast 77 – Great Risk Management with Carl Pritchard appeared first on Fix My Project Chaos.

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Prepare for the Unknown: AKA Risk Management

PMStudent

Risks that become a reality are a type of change that you will experience. Risk TrainingAccept the fact that your project plans will change. Move forward confidently knowing that you will have a plan.

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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.

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Software Review: BusiBI Project Manager 2016 v5.7

Girl's Guide to PM

Name: BusiBI Project Manager 2016. There’s a risk that your team’s projects will sit at 80% complete for quite some time…. You'll also like: Software Review: Project Viewer for Primavera [2016] This article was updated with minor amends on 27 March 2016.

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.

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No more initial estimates? NOOOOOOOOOOO!

Kiron Bondale

Tagged: communications , improving project management , Process compliance stupidity , Project scheduling , Risk management , Stakeholder analysis , Valuable projects. It’s unfortunately an all too familiar scenario.

Progressive elaboration is the only sane approach to planning!

Kiron Bondale

Tagged: agile project management , improving project management , project decision making , Project scheduling , Risk management. Agile Project Management agile project management improving project management project decision making Project scheduling Risk management

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Top 13 Project Management Methodologies and Styles

Azendoo

Ability to take risks. Getting your team organized around a project is often easier said than done. Fortunately, following a project management methodology can help you organize your project into a structured, streamlined process.

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