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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

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PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

PRINCE2® is a project management method. It’s structured, and experience-based, created from the lived experience of thousands of project managers and successful projects. It’s a customizable way of managing and controlling the work. PRINCE2® was released in 1996 and had major updates in 2009 and 2017. What is PRINCE2®?

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Understanding What is Qualitative Risk Analysis

Project Pulse Journal

Shick, MSPM, PMP, CSM Pathfinding your way through the complex landscape of project risk can feel like navigating through a minefield. Whether unexpected budget escalation, unforeseen weather delays, or a global pandemic, project management is fraught with challenges that can derail even the most meticulously planned project.

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5 Considerations for Managing a Project Portfolio

Rebel’s Guide to PM

The mission of a project portfolio manager is clear enough: maximize the business benefits of projects. So is the general approach: a central administration oversees which projects are initiated, how many resources they receive and what they yield. Consideration #2: Managing complex risk is all about balance.

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A How to Guide on Initiating a Project

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager or team member tired of projects that get out of control, consume resources, and seem to go far beyond their original scope? Imagine initiating a project so effectively that it stays on track and aligns perfectly with organizational goals. What is Project Initiation?

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Qualitative vs Quantitative Risk Analysis

Project Pulse Journal

Michael Shick, MSPM, PMP, CSM Are you tired of navigating project management risks, constantly looking for the proverbial dangers that could derail your project's success? Project Managers live in a realm where every project, no matter how meticulously planned, is subject to unexpected challenges.

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10 Strategies for Successful Project Execution

ProjectManager.com

After the project initiation and the planning processes, the execution of the project begins. Project execution’s key purpose is to complete the work defined in the project management plan and to meet key project objectives. During this phase a project leader will focus on these key processes: Managing people. Manage Team.

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