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Understanding What is Quantitative Risk Analysis

Project Pulse Journal

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

Risk 52
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The PMI Talent Triangle: A Guide [for members and non-members]

Online PM Courses

The PMI Talent Triangle is a simple tool that reminds us all about the value of a broad range of professional skills. The most succinct – and possibly best known – articulation of that full range of capabilities is the PMI’s Project Management Talent Triangle. Just a Moment… Who or What is the PMI?

PMI 73
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Project Management Trends [2022]

Rebel’s Guide to PM

Reimagine the must-have project management skills,” says Brantlee Underhill, Managing Director, North America, Project Management Institute (PMI). In 2021, Cisco estimated that 82% of consumer internet traffic was video. There’s not enough focus on whether the people receiving the ‘something’ are actually ready to work with it.

2022 484
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Project Management Challenges with Artificial Intelligence

International Institute for Learning

The most common applications of AI are expected to be part of estimating and controlling project cost and time, as well as resource management by determining the strength of employee qualifications from assignments to selected project activities. Risk Management. Some degree of “humanness” must exist in all risk analyses activities.

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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Five Immutable Principles of Project Success , PMI Spring Seminar, 2021, Austin TX. Five Principles of Project Success , PMI, Northern Utah Chapter, Professional Development Day, 2012. Risk Management. Managing in the Presence of Uncertainty and Resulting Risk.

2003 54
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What is A System for Value Delivery in Project Management

Project Pulse Journal

Functions Associated with Projects A system for value delivery encompasses a range of knowledge areas associated with the project lifecycle, including initiating, planning, executing, and closing (PMBOK, 2017). These risks can manifest in both negative and positive forms.

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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