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 183

The Road to Effective Project Management Governance

Project-Management.pm

What really is project management governance? With countless articles and books in the business spectrum conveying such practice, project management governance is in the sense, subjective. There’s no correct description of it and it’s safe to say that individuals or groups who employ and encounter project management governance have developed their own understanding of it. Governance and Decisions. To be more precise, project management governance.

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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 246

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Kingspan Insulation knows this struggle all too well, but they conquered the challenge by adopting efficient product portfolio management. Risks can then be more closely monitored by senior management and stakeholders trust the data. How are you managing and adapting your NPD processes?

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Kingspan Insulation knows this struggle all too well, but they conquered the challenge by adopting efficient product portfolio management. Risks can then be more closely monitored by senior management and stakeholders trust the data. How are you managing and adapting your NPD processes?

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. Is there anything a project manager can do?

2017 214

Are your project management success rates improving?

Ron Rosenhead

The report concludes that: “The path to increased progress is still very important and should, as outlined by our 2017 findings, includes”. The path to increased progress is still very important and should, as outlined by our 2017 findings, including those above. PMI Pulse of the Profession 2017. Use of a standardised project management practices are used by over 50% of companies within the survey. Standardised project Management Practices.

2017 109

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

Project-Management.pm

It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. The two governance processes should be implemented constantly to keep track of the scope creeps, risks , opportunities, and also safeguard the following resources from running out. 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.

So, you are about to start a project….?

Ron Rosenhead

Not according to the comments made to me by project managers. One of the benefits of having an agreed project management approach is that it should force those involved to slow down the rate of activity at the start of the project. Who is the project sponsor, manager and who is in the team. Understanding the risks involved in the project. Asking and answering the question: are they worth managing? The project started with a real bang.

2017 156

Slapping projects on top of the day job – what’s your solution?

Ron Rosenhead

I was working with a long standing client and I asked the group what was the main project management problem they wanted to solve. There were a wide mix of issues raised and then one person said: “My problem is that I am very busy and then senior managers come along and slap a project on top of the day job.” The group did highlight the possibility of increasing the risk profile for the project doing this. Identify priorities and link this with workload management.

2017 153

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

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

Arras People

The simple truth is that organisations can avoid these issues by implementing and enhancing their project controls with industry best practices for project management. To put it simply, project controls encompass the people, processes and tools used to plan, manage and mitigate cost and schedule issues and any risk events that may impact a project. companies and government agencies an estimated $145 billion per year! Project Management Software Deltek project control

Budget 244

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

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 76

Managing Your First Strategic Initiative

Arras People

Strategic initiatives aren’t the same as typical projects—they tend to be considerably more complex and at times have hands on involvement from the top-level of management in the business. For other projects like the rolling out of new employment contracts some of the stakeholders at a management level will be sensitive and be more engaged. Stakeholder Management. In addition, there are also governance functions—risk management, legal, etc.—that

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

Improving portfolio management must be part of an agile transformation

Kiron Bondale

When we think of an agile transformation, improving portfolio management might not be high on the organization’s list of priorities. But what happens if your organization doesn’t have an effective and efficient portfolio management capability? There is a greater likelihood of having too many active projects which increases the risk of resource shortages. Tagged: agile project management , Project Portfolio Management , resource availability.

2017 138

What is the Program Management Improvement and Accountability Act?

Moira Alexander

PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs.". To address this widespread and costly problem, on December 14, 2016, President Barack Obama signed bill S.1550 -- the Program Management Improvement and Accountability Act of 2015 (PMIAA) into law.

2017 149

Big Data and Risk Management

Brad Egeland

In fact, the IDC revealed that global data would increase from 23ZB in 2017 to 174 Zettabytes by 2025. Furthermore, big data is an essential and powerful risk management tool. These interactions offer an excellent opportunity to obtain organizational risk insight, which facilitates the reduction and assessment of threats. This means that in case you are utilizing big data in managing risk, you may not be utilizing all that information to benefit your company.

Risk 103

How effective is your benefits management framework?

Kiron Bondale

Benefits management, like project risk management, is practiced poorly by most organizations. This is especially true with discretionary investments as the benefits from mandatory projects are usually related to risk reduction and are usually immune to changes in strategic objectives or external environmental influences. So what are key elements of a holistic benefits management framework?

2017 139

Inspiring Women in Project Management: Sofia Hess

Girl's Guide to PM

This article, Inspiring Women in Project Management: Sofia Hess , first appeared on Girl's Guide to PM. Who, you may ask, are Cerri, and what does a Head of Marketing have to do with project management? That means that Sofia’s job is working with and talking about project management tools pretty much all the time. I also had additional contracts, such as writing white papers, which, of course, were related to relevant topics in project management.

2017 222

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 164

The Calm Before the Project Management Storm

Arras People

There comes a time when you’ve been working in and around project management for a while and you take a sit back and just reflect for a while. Here’s Steve in this guest post, reflecting on project management and giving us all a wake up call (no pun intended!). So now we have to see what happens with: Our Government. If you do risk management then some or all of the above will be factors which will affect our daily lives.

2017 150

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 111

Project Status Reporting – 6 Key Considerations

Project Health Check

We’ve said it before and we’ll say it again, Project Managers (PMs) live and die by the Plan. The entire purpose of the Start-up Phase of a Project is to produce a comprehensive Plan for the Project; consisting of an integrated Performance Measurement Baseline (Time, Cost, Scope) and an associated Project Management Plan to monitor and control it. The truth is senior management aren’t really bothered, or at least they shouldn’t be.

2017 192

Accountability on a Agile Software Development in the Presence of Governance

Herding Cats

So for projects that spend other people's money in the presence of uncertainty - Governance is a means to establish those shared principles. Governance is about Decision Rights. Specifying the decision rights and accoutability framework to encourage desirable behaviours in the developemnt and use of information technology and its supporting services. - IT Governance: How Top Performers Manage IT Decision Risght for Superier Results , Weill and Ross, Harvard Business School Proess.

Moving from Permanent to Contracting in Project Management

Arras People

I have been in project management for around 15 years starting as a junior project manager. My latest role sees me running the project management of a housing provider. Why take the risk they tell me. We will cover handing in your notice and being honest with your line manager. At the beginning of 2017 I started to think – would I prefer a contract project management role? Is companies having permanent project managers the best approach?

2017 150

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. These challenges and issues are mitigated or contained by the following portfolio management tools that cater to projects to be more productive and capable to deliver it on time. In Light of Portfolio Management Tools .

2017 103

Inspiring Women in Project Management: Karen Chovan

Girl's Guide to PM

Today I’m interviewing Karen Chovan, MASc, PEng, PMP, who has dedicated her career to helping others deliver clean, lean and green approaches to project and programme management. She’s inspired a ton of businesses to shake up how they manage their projects. On the project management side, you’ll often see many female project managers involved with managing the environmental assessment and regulatory processes and supplementary programs for monitoring performance and oversight.

2017 219

Preventing Kickbacks to Those with the Power to Purchase

Project Risk Coach

He is the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. Last week, Harry and I were running, and he told me about his procurement risk blog series. Since I am a fraud prevention guy, we began discussing the risk of vendor kickbacks to those with the power to purchase. Later, Sleeze sends inflated invoices directly to Acme’s purchasing manager, and he gladly approves them.

2017 204

What is Project Portfolio Management : The Basics

Project-Management.pm

What is Portfolio Management? It’s one of those questions that can be really complicated when someone is not really that familiar with project or portfolio management. And what is project portfolio management being one of the questions that needs further understanding. Portfolios are thus born to organize and prioritize projects and govern the resources and team within each of them. This is the outer layer of what is project portfolio management.

2017 111

What is VUCA?

Arras People

The Guide to the Project Management Body of Knowledge (PMBoK®) 6 th Edition is explicit that project managers need to be politically astute and include techniques matched to the complexity in their day-to-day behaviours. Low-uncertainty introduces the need for “plan-B” or risk management while uncertainty favours reactive responding. PRINCE2® gave us a framework within which to create governance over the use of the tool-kit. Project Management VUCA

2017 158

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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A 2, 2017.

Risk 35

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Risk Management includes all the processes involved in risk identification, regulation, and mitigation on a project. The objective is to increase the likelihood of positive risks (opportunities) and decrease the likelihood of negative risks (threats). Risk factors – When looking at risks, one should determine. The anticipated frequency of risk events from the source (how often). Project manager’s role –.

2017 38

Five expectations for agile tools…

Kiron Bondale

But without seamless integration at the logical connecting points, the risk of data quality or redundant effort increases. Without this, there is likely to be no consistency between product or project-based pods which will make it that much harder to enable a self-serve, lean governance and oversight model. Tagged: agile project management , project status reporting. Agile Project Management agile project management project status reporting

2017 131

Increasing the Probability of Project Success

Herding Cats

and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance Measures

2017 69

Project Start-Up: The Plan for a Plan

Project Health Check

Du ring the Project Start-up and planning phase, projects will execute detailed planning processes to produce a Performance Measurement Baseline of Cost/Schedule/Scope and an associated Project Management Plan. The project schedule will then steer the project through the foggy waters of its lifecycle and eventually help it to find its way to delivery and closedown. But what about the planning phase itself when the schedule doesn't exist yet?

2017 177

The 10 Project Portfolio Management KPI To Adopt

Project-Management.pm

These metrics are meant to assist managers and their teams to gain a chance of the project success or an expected ROI benefit. Project portfolio management KPI are helpful methods or tools in ensuring that projects are aligned to the business objectives or that they provide value or return once the delivery is finished. Project Portfolio Management KPI. Project portfolio management KPI are not equal—they can work on one organization, but not on the other.

2017 95

Agile Project Management Methods

Herding Cats

How the team should or should not be managed. From the point of view of Software Intensive System of Systems, here's how we've learned to manage development using Agile. The document below is a Chapter in The Story of Managing Projects: A Global, Cross-Disciplinary Collection of Perspectives showing how to manage in the presence of uncertainty using agile methods. PM Chapter on Agile IT Project Management Methods from Glen Alleman.

2017 37

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