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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 154

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 200
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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 165

The 10 Risk Management Commandments You’re Breaking Every Day

Project Risk Coach

Risk management is such an effective vehicle for climbing the tallest mountain or swimming the deepest sea. However, the risk management pitfalls are many, rendering us completely ineffective in our attempt to fulfill our dreams. I fear that many project managers live by the letter of the law and may fail to gain the true benefits of risk management. Thou shalt not make risk management complicated. Because your risks change over time.

2017 173

How to Communicate Risks

Project Risk Coach

How do you communicate risks? Some project managers rarely mention risks; others bore people to tears with too much information. Ninety percent of a project manager’s job is communication. And one of the most important things to communicate is your risks. The communication process can be challenging. How can we communicate risks more effectively? Communicating Risks. Analyze Your Risks. As risks are identified, assign a risk owner.

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Getting Results – The Bottom Line of Risk Management

Project Risk Coach

Some portfolio, program, and project managers make a big fuss over risk management. Each year, our senior management team would meet with a credit rating agency to share our goals, strategies, and progress. The presentation included what we were doing for enterprise risk management. They have a risk management plan. They regularly identify, analyze, and respond to risks. Project managers can be guilty of talking a good game too.

2017 153

Risk Management Plan - What is the Process?

Brad Egeland

An ideal way to ensure this is by having a risk management plan so that you can avoid a data breach, which will ruin your IT supply chain up and down. Risk Management Planning What is the Risk Management Process? First, you must identify the risk before you can move to analyze and establish the proper risk mitigation steps. So, most times you can expect to make lots of lists to keep up with the entire process.

Things You Need To Know About Business Process Management

Project-Management.pm

Way back in the world of business industries, different forms of management were similar to one another in terms of roles or tasks like schedules and deliveries. Business Process Management was not an essential tool for project management since the latter has a set of alternative factors that can work on its own. It doesn’t take a genius to work it out that each stage of the project undergo different processes that are all at work to make the desired success happen.

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. The key deliverable of a project control process is visibility into project performance through metrics and analysis.

Budget 235

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. Manage vendors.

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

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.

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. 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. Well done to our Christmas Project Manager.

2017 160

5 Key Steps to Successful Project Management

Entry

Managing your first project can be daunting. To simplify things, here are five steps critical to the successful management of a project: Step 1: Initiate the Project by Defining the Scope. The project plan should contain performance measures and any process changes that need to take place and who and what will these changes impact. Define how to address risks should they arise. Project management, even for first-time project managers, can be challenging.

2017 150

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? Consider John, a savvy project manager, who was asked to manage a project to replace a dated network system. Cost management is rarely a straight shot. Let’s look at some ways to improve your cost management. Practical Ways to Improve Your Cost Management. Create a management reserve.

2017 165

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 109

How effective is your benefits management framework?

Kiron Bondale

Benefits management, like project risk management, is practiced poorly by most organizations. While project intake processes usually require some articulation of expected benefits, few companies effectively monitor and control the realization of those benefits over the life of a project and beyond. So what are key elements of a holistic benefits management framework? This analysis should focus on assumptions and risks impacting benefits realization.

2017 139

Managing Uncertainty, Risk, Threat, and Opportunity

Herding Cats

I received a book over the Holidays - Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making , Chris Chapman and Stephen Ward. This is a seminal work on risk management in the presence of uncertainty. All Management decision should take uncertainty into account. Sometime the implcations of uncertanty are risk in the sense of significant potential unwlecome effects on orgainzation performance. .

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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. What are the process groups of PMBOK?

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. Monitor and Control Methods. 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.

2017 204

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.

2017 112

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

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. But don’t forget the essential factors of them all—controlling and monitoring. 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

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

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. Portfolio Management Tools.

2017 103

How to Manage Expectations on Your Projects

Girl's Guide to PM

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. It’s critical to manage expectations from the outset of the project and throughout project execution. Risk management strategies. Change request process.

2017 204

25 mistakes project managers make

Binfire

The secret to success as a project manager or any other profession is to learn from our mistakes and not repeat common mistakes project managers make; even the experienced ones. Project manager’s role is complicated. Depending on organization’s structure, project management method used by the organization and the team’s experience the role of project manager varies widely from project to project. 25 Common mistakes project managers make.

2017 133

Project Assumption Management

Project Health Check

Project Management is exactly the same; we make many Assumptions in planning our Project, things that we almost take for granted. But the difference is here we need to make a special effort to notice them, because Assumptions have a nasty habit of turning into Risks, which then may impact and turn into Issues. We suggest a two-step Process to Assumption Management: Identify Assumptions. Monitor Assumptions. Assumption Management

2017 131

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. This is the outer layer of what is project portfolio management. Additionally, it also creates improved communication within the team in terms of task management and performance.

2017 111

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

Dependency Management

Project Health Check

In this case you should use a Dependencies Log to track them; this will make sure you maintain visibility of them and are able to more easily monitor them. An alternative is to recognise Dependencies as a source of Risk on your Project, which they certainly are; any "Gets" which you are waiting for from outside of the Project are not under your direct control. What experiences do you manage Dependencies on your Project? Dependency ManagementLet's talk Dependencies.

2017 120

5 Reasons Engineers Need to Develop Project Management Skills

LiquidPlanner

The project a skilled engineer might be working on, however, won’t be successful unless there is an equally skilled project manager involved leading and managing the engineering project. Project Management Institute’s (PMI) 2016 report The High Cost of Low Performance: How will you improve business results? For those familiar with project management basics, you’ll quickly recognize these as the infamous project management triangle.

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.

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Understanding Project Portfolio Management

Project-Management.pm

Organizations are developing ways on how to keep up with the growing network that can possess these qualities and project portfolio management is thus born. Many people, including those who belong to business organizations, tend to misconstrue, underestimate, and misinterpret project portfolio management. It may be linked to project and program management, but project portfolio management has its own function and discipline. The Gist of Project Portfolio Management.

2017 83

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 187

The 20 Education Venues for Online Master of Project Management

Project-Management.pm

An online master of project management is one of the best investments one has in order to advance his or her certification levels or acquire one. Organizations need project managers who can juggle different operations and processes, all the while achieving the end result of the projects. This is how the online master of project management comes in. The online master of project management is different based on the school. Advanced Project Management.

2017 94

5 Ways AI and Automation Will Change Project Management

LiquidPlanner

Manufacturing has seen amazing progress due to automation, and now there are several opportunities for automation in project management to make our lives easier. Rather than replace the role of project manager, which I don’t see happening any time soon, I think automation will relieve us from some of the more mundane tasks and help bring consistency to our daily lives. Now project managers, like almost everyone else, are seeing automation on the horizon.

2017 110