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The Risk Management Plan

Project Risk Coach

Most of your project problems can be avoided or greatly reduced through risk management. The simple act of identifying and discussing risks goes a long way towards reducing problems in your project. Let’s look at how to start the risk management process. How will you identify risks? How often will you perform risk management activities? Who will own the project risks. If not, check with other project managers.

Risk 155

7 Ways to Identify Risks

Project Risk Coach

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. Often project managers start with a splash. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. However, the risks are never discussed again. What happens when project managers and their team fail to identify risks in an iterative fashion?

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How to Keep Your Projects On-Time and On-Budget

Arras People

And now more than ever, projects that are over budget, behind schedule or are not delivering the value originally promised are in jeopardy of being cancelled. The simple truth is that organisations can avoid these issues by implementing and enhancing their project controls with industry best practices for project management. Many think they involve a structured process that represents unwelcome change and creates additional burden and unnecessary project costs.

Budget 235

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. How can project managers optimize their risk responses and get the results they are looking for? Allow me to introduce you to two project managers—Tom and Susan. Susan, on the other hand, facilitated an early risk identification workshop. Risk reassessment.

How to Unite Enterprise and Project Risk Management

Project Risk Coach

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. These same organizations may have program and project managers managing scores of projects. However, few organizations have yet to actually unite the enterprise and project risk management efforts.

2017 201

How to Unite Enterprise and Project Risk Management

Project Risk Coach

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. These same organizations may have program and project managers managing scores of projects. However, few organizations have yet to actually unite the enterprise and project risk management efforts.

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2017 Project Management Trends To Watch

Girl's Guide to PM

This time last year I reviewed the trends in social and collaborative technology in the project management space: some of my predictions had come to nothing and it was interesting to look backward and hold myself accountable for what I said would happen. This year I’m looking forward into 2017 to highlight some of the project management trends I think it is worth watching out for. The APM has already made huge inroads to gaining Chartered status for Project Managers.

2017 232

7 Things You Ought to Know About Identifying Risks

Project Risk Coach

Increase Your Risk Management IQ Every project manager deals with risks. Allow me to share seven things you ought to know about identifying risks. Project managers must address unrealistic time frames where failure seems unavoidable, scope creep, ambiguous requirements, delays from third parties, and the lack of required skills, to name a few. How do we manage risks and the causal factors? What You Need to Know About Identifying Risks.

2017 155

2018 Budget Adds New IR35 Twist

Arras People

The biggest news for many project management practitioners in the 2018 Budget delivered by Philip Hammond, was his decision to delay any implementation of the new IR35 regime in the Private Sector until April 2020. A robust appeal process to ensure fairness where it is believed that tax is being wrongly deducted at source. HMRC published its summary of responses to the ‘Off-Payroll working in the Private Sector’ consultation following Budget.

2018 181

How To Do An Effective Project Selection Process?

Project-Management.pm

A stable and sturdy project management is one of the crucial factors to make a project process work. In the corporate world, an organization needs more than just top-notch tools and up to date process to bring the project to its full potential—it also needs a strong manpower, a human resource that has a particular set of skills and capabilities that will greatly contribute the entire organization. The Need for Risk Assessment.

The Magic 7 Project Portfolio Management Process Steps

Project-Management.pm

Countless business articles have provided you viable information regarding project portfolio management , accompanied by its objective, the roles of the portfolio manager, and the benefits of the project portfolio management as a whole. But how does one exactly execute project portfolio management? Implementing project portfolio management takes more than just assessment, evaluation, and tracking. Project Portfolio Management Process Steps : #5 – Balance is Key.

2017 94

10 Things New Project Managers Should Know

Girl's Guide to PM

This article, 10 Things New Project Managers Should Know , first appeared on Girl's Guide to PM. It would be nice to think that every company has a formal mentoring scheme, and that you can tap into the experience of other project managers through this. As a result, people managing projects for the first time often find themselves making mistakes. These are the things that I wish someone had told me when I first started managing projects. Manage Scope.

2017 329

10 Essential Project Management Skills

ProjectManager.com

Project management is not an easy job. Even more difficult, that project is delegated to a team of your choosing, given specific goals to achieve over a defined timeline for a determined budget. That’s a lot to ask of any one individual, but project managers have a variety of skills to get the job done. These include the expected technical business and management skills you’d expect, but also a number of soft skills. Risk Management.

2017 329

Seven Aspects of Project Risk in 2020

Strategy Execution | PMO Perspectives

Ahead of its January meeting in Davos, the World Economic Forum published its Global Risks Report 2020, based on the input of 750 experts and outlining the biggest risks faced by economies over the next 10 years [1]. And if the WEF didn’t see a risk coming, then what hope do we have?

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Project managers, just say no!

Ron Rosenhead

But use what is in project management system and your people skills. Over the last 18 months I have seen more and more pressure placed on project managers. There is a huge demand from senior managers and stakeholder and clients to deliver quicker, with the same level of quality and of course, on budget! I have seen some pretty stressed project managers and they have expressed it to me in many ways; some direct others not so.

2017 214

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

Have you ever wondered what career path could be next on the project manager career ladder? There are many possible options where you can apply the valuable skills you’ve honed as a project manager. I previously wrote about the different career paths that can lead to project management. And a project manager role can be fulfilling and interesting. Options on the Project Manager Career Ladder. Project Manager. Program Manager. Portfolio Manager.

2017 198

E-Learning Tools For Project Managers

Arras People

For those working in project management that don’t have the time to go to a traditional class, all is not lost. There are now plenty of online options for anyone who wants to take business and management classes. But, it also helps you find specific notes quickly, manage tasks, keep track of assignments, and lets you share information easily. Management Courses. One such option discusses principles and practices that are essential to project management.

2017 183

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

The job title of “project manager” is pretty common these days. But project manager roles and responsibilities can be pretty vague if you’re not already familiar with them. I know this firsthand, just by watching reactions when I tell someone I’m a project manager. When I took my first job as a project manager, my mother asked what I do. The title of Project Manager was unfamiliar to my mother. What a Project Manager Really Does.

2017 196

Scrum Master vs Project Manager: What’s the Difference?

Project Bliss

Perhaps you’re considering Project Management because it uses many skills you already have. Or maybe you’re already a Project Manager, and you’re wondering if a Scrum Master job might be a good move. Here I’ll explain the difference between a Project Manager and a Scrum Master. Difference between a Project Manager and Scrum Master. Scrum Master vs Project Manager. Project Manager responsibilities. Create the project budget.

2017 183

Professionalise Project Management

The Lazy Project Manager

The following is an extract from my new book ‘How to get Fired at the C-Level: Why mismanaging change is the biggest risk of all’ in association with my friends at Tailwind Project Solutions – the extracts follow a series of 5 Challenges that I think every organisation should consider, and consider very carefully – this is the final of the five challenges: Invest in great project management skills – not just project managers. Project management is a core skill.

2017 174

6 Practical Ways to Actually Improve Your Cost Management

Project Risk Coach

PMP Exam Series - Cost Management Think about it for a minute – what have you done in the last six months to improve your cost management? How many of those projects came in over budget? Consider John, a savvy project manager, who was asked to manage a project to replace a dated network system. The sponsor increased the budget to $110,000. Cost management is rarely a straight shot. Practical Ways to Improve Your Cost Management.

2017 168

Managing Project Christmas

Arras People

Here’s SPOCE with the PRINCE2 approach to managing the project that is Christmas. Fantastic article if you’re also fairly new to project management too to understand the concepts and approaches. Hope your Christmas is on time and on budget! The project brief is produced and our Project Manager, in this case ‘Mum or Dad,’ is appointed. The remaining project management team is also appointed. The Christmas dinner – Quality and Risk Approach.

2017 160

Free project management certifications

Moira Alexander

Founded by Harvard University and MIT in 2012, edX is one of the biggest MOOC (Massive Open Online Courses) platforms available and offers many project management (PM) courses. Introductory project management courses. Introduction to Project Management - a self-paced course that teaches practical ways to use project management skills, whether your project is large or small. Intermediate project management courses.

Are You An Intentional Project Manager?

Project Risk Coach

10 Things Successful Project Managers Never Tolerate This is a great time for you to be an intentional project manager. If you are like most project managers today, you are overwhelmed with several projects and you have too little time to get it all done. As you struggle with project estimates, budgets, and risks, you engage with team members that bring their personal and professional issues into your world. The Intentional Project Manager.

2017 155

Risk Response Strategies: Full Roundup

Online PM Courses

Risk response strategies are the basic ways you can handle project risks. They are also also one of the areas of project management practice that the PMI updated in the 6th Edition of its Project Management Body of Knowledge (PMBoK ? ). So, it seems like a good time to look at this vital aspect of project management in some detail. Introducing Project Risk Management. ’ This video introduces a four-stage risk management process.

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Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Experienced managers know the value of the ‘elevator view’, that is, knowing when to press the button for the top floor to look down at the bigger picture, and when to descend to the ground floor to get down ‘amongst the weeds’. At the ground floor our project managers provide assurance that their projects are on target to deliver, according to st ated objectives. Strategic Risk Management. But how important is the strategic leadership and alignment of risk planning?

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12 Project Management Related Tools to Check Out for 2017

Brad Egeland

2017 is right around the corner so maybe it's time to try something new. As everyone is aware, the landscape of available project management and PM-related tools has changed greatly over the years. It is truly mind-boggling how many options are out there now for project managers across all industries. It is nearly impossible to cover all available options or to have one go-to list when you're looking for a solution to a project management tool need.

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The 30 Most Popular Project Management Articles from 2017

MavenLink

Project management is one of the most rapidly growing fields globally, because of its highly valuable application towards strategic business goal attainment. As a result, some of the most widely recognized technology and business publications are placing more focus on project management. So where did many of the business and technology executives and professionals frequent to find the top content of 2017? 8 common project management mistakes — and how to avoid them (CIO).

2017 62

Are You A Deliberate Project Manager?

Project Risk Coach

10 Things Successful Project Managers Never Tolerate This is a great time for you to be a project manager. If you are like most project managers today, you are overwhelmed with several projects and you have too little time to get it all done. As you struggle with project estimates, budgets, and risks, you engage with team members that bring their personal and professional issues into your world. 10 Things Successful Project Managers Never Tolerate.

2017 151

Demystifying the PMBOK Process Groups

Wrike

Generally speaking, projects require five process groups — initiating, planning, executing, monitoring and controlling, and closing. These are known as the PMBOK (Project Management Body of Knowledge) process groups. An introduction into PMBOK process groups and knowledge areas.

20 Things For Your Project Management Plan [With 3 Free Templates]

Girl's Guide to PM

Your project management plan is more than just a schedule of work. So what does go in the project management plan? Below you’ll find 20 things that make up a comprehensive project management plan. For example, you might include your approach to status reporting, whether you are going to use Earned Value or not, what software you are going to use to manage the budget and schedule and so on. Risk Management Plan. Risk Log. Budget.

2017 195

Professional Recognition in Project Management Matters

Arras People

It’s been interesting seeing project management develop over the years – so many more people want to get into a project management role yet how to do that has led to mixed and confusing messages. It’s a challenging and exciting job and you enjoy it but project management can be hard to quantify to people in different industries. What Makes a Project Manager a Professional Project Manager? Project Management APM

2017 150

Risk Management for the Real PM World

Brad Egeland

Risk management. The process of performing risk management on the projects that we run should be a given – it should be an essential part of every single project and it should have the proper amount of time and attention given to it. I tout risk planning and the creation of a Risk Management Plan as a deliverable, but due to time constraints, budget constraints, and lack of customer interest, it happens on less than half of the projects that I manage.

2017 70

How to Develop a Strong Governance Process with These 6 Tips ?

Project-Management.pm

Projects involved a lot of planning , implementation , and not to mention tracking or detecting issues and problems within the team or the project, and surpassing the following process. It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. To stay within deadline means having a governance process that everyone will adhere to. This part must be decided by you and your senior managers.

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. The emerging risks that can be identified early in the project that impact the project later are often termed “known unknowns.” These risks can be mitigated with a good risk management process. Hope must be replaced with a risk tolerant plan.

2017 37

Your Ultimate Guide To Portfolio Management Tools

Project-Management.pm

Large projects call for complex processes and the need for more management procedures. When you tackle larger and more complex projects, the following management procedures need to be up to date and these are aided by tools, methodologies , and strategies. Projects need to be taken care of in order to prevent budget overshooting, resource shortage, and disorganized schedule. In Light of Portfolio Management Tools . Portfolio Management Tools.

2017 103

To avoid a dire fate, don’t forget to iterate!

Kiron Bondale

Anyone who has read the PMBOK Guide or taken the PMP exam knows that project management is made up of an interconnected and iterative set of processes. Even a highly predictable project requires a team to iterate back to earlier executed processes when faced with a change request. So why is it that we tend to forget to re-execute certain key project management processes? But let’s think about risk and stakeholder identification and analysis.

2017 138

The #1 Challenge in Project Management (According to the Experts)

MavenLink

Project management is a complex practice that continues to challenge even the most sophisticated of companies and experts. We wanted to identify the #1 challenge shared by project management professionals to better help others struggling in the field. The first step was to join forces with Aberdeen to release the recent report, “ 2017 Project Management Software Trends. From your experience, what is the #1 challenge in project management? Project Management

2017 100

How to connect business strategy with project management

Moira Alexander

To align business goals with project management (PM), leaders from the enterprise project management office (EMPO) or project management office (PMO) need to be involved in strategic planning sessions alongside senior-level management. Suresh Srinivasan, CTO at NYU Langone Medical Center , tells CIO, within the NYU IT department there are two key components that link the business strategy and project management.

2017 140

How to Manage Expectations on Your Projects

Girl's Guide to PM

Have you ever delivered a project on time and within budget only to discover that your client is unhappy with the final result? Managing expectations is a vital skill for any project manager. In project management, not knowing how to manage the expectations of your client and your team, and your own expectations leads to many challenges including: Unclear objectives and measures of success. Risk management strategies. Change request process.

2017 197