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?

Risk 216

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 205
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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 180

The Essential Project Management Competencies: A 2017 Perspective

Girl's Guide to PM

The Competencies You Need As A Project Manager Today. I’d say that the competencies you should be looking to develop as a project manager are definitely ‘soft skills’ in their widest form. We’ve already seen ‘stakeholder management’ evolve in the project management language to ‘stakeholder engagement’ and a new chapter appear in A Guide to the Project Management Body of Knowledge (PMBOK® Guide).

2017 219

Risk Response Lessons from the Beach

Project Risk Coach

Learn threat response strategies Project managers may make risk decisions without much thought. Well, after managing projects for years, you know the drill. You simply know how to respond to the most common risks. With each of these activities, I do things to manage risks and frankly, I rarely think about it (because I’ve done it for so long). Threat Response Strategies. Accept risks. That is to say, I accept the risks.

Risk 166

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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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 138

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

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

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?

2020 80

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

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?

Risk 42

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

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.

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. To put this into perspective, you will need to follow a set of steps to draw up an adequate risk management plan.

How to Get Fired at the C-Level

The Lazy Project Manager

I am delighted to announce the release of my new book – How to Get Fired at the C-Level: Why Mismanaging Change is the Biggest Risk of All. But perhaps not getting fired is your preferred outcome and, if that is the case, then you might have a challenge or two in the arena of strategy execution since the number one reason CEOs get fired is mismanaging change! project management apm change change speaker ipma lazy ocm peter taylor.

2017 150

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

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. Execution Strategy. 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.

2017 200

Project management: 5 tips for managing your project budget

Moira Alexander

As such, effective budget management is a primary area of focus for project managers who value their careers. Following are five strategies for maintaining control of your project budget before it succumbs to whopping cost overruns. If a project manager, sponsors, team members and vendors don’t have a solid grasp of on stakeholders’ true desires, it’s almost impossible to identify what the requirements are for the project.

Budget 164

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 is Not a Strategy. Risk management structure.

2017 37

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 Categorise Data in Project Management Software

Girl's Guide to PM

This article, How To Categorise Data in Project Management Software , first appeared on Girl's Guide to Project Management. Project management software tools are great in many ways, but when it comes to finding the data that you’ve entered… Sometimes I find my files disappear into the internet. It gets too much to manage. Adopt a robust housekeeping and archiving strategy. This happens in project management tools too.

2017 227

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 188

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 Make Change Management Bearable For Everyone ?

Project-Management.pm

Hence, the need for Change Management. This certain management approach helps organization revamp their overall structure in order to stay relevant in the industry and maintain their stance in the market. Change Management Is Not Easy as It Seems. And when half of the team members are not up for such occurrence, change management can be complicated to implement. Change management can involve members to be trained for new skills imperative to the process.

Maintain a Healthy Project Portfolio with Metrics and Reviews

Arras People

In an increasingly competitive business environment, more organizations are turning to project portfolio management (PPM) to meet strategic goals and objectives. Providing organizations with a system to implement the right projects at the right time, effective PPM improves decision-making, optimizes resource management, and delivers better business value. Project Portfolio Management and Business Strategy. Project Portfolio Management Metrics.

2017 150

Maintain a Healthy Project Portfolio with Metrics and Reviews

Arras People

In an increasingly competitive business environment, more organizations are turning to project portfolio management (PPM) to meet strategic goals and objectives. Providing organizations with a system to implement the right projects at the right time, effective PPM improves decision-making, optimizes resource management, and delivers better business value. Project Portfolio Management and Business Strategy. Project Portfolio Management Metrics.

2017 150

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. Risk and issues communication.

2017 204

How To Make Stakeholder Management Easier

Girl's Guide to PM

This article, How To Make Stakeholder Management Easier , first appeared on Girl's Guide to Project Management. And this scenario, which I can definitely sympathise with: Project Information is provided to senior management and key stakeholders. Manager: “Your project is underfunded. Senior management cut our budget request to $15k. You don’t have enough time to dedicate to stakeholder management. You don’t have management support.

2017 154

43 Learning Resources for New and Experienced Project Managers

LiquidPlanner

Because project management is such a multifaceted role that works with many different stakeholders, we’ve included both PM and non-PM resources. Alpha Project Managers: What the Top 2% Know That Everyone Else Does Not by Andy Crowe. Using data from a survey of more than 800 project managers from around the world, Crowe looks at what traits and practices make the top 2 percent of project managers rise above the rest. The Project Management Podcast.

2017 95

How to Analyze Business Strategy to Improve Your Projects

Brad Egeland

Connecting projects to organizational strategy can improve projects in several areas including preparation of business cases, request management, planning and resource allocation, risk management, budget control, and collaboration. Delivering successful projects enables organizations to reach their strategic objectives quickly with enhanced long-term commercial results.

2017 70

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

Add to the C-Level

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: Challenge 3 – Invest in a Chief Projects Officer. And since each strategy gives birth to one or more projects this adds to the portfolio constantly.

2017 122

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

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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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. Karen started out in heavy industry – mining – and is now Principal at Enviro Integration Strategies , a firm that helps companies get tangible value from doing the right thing for the planet. She’s inspired a ton of businesses to shake up how they manage their projects.

2017 183

What is VUCA?

Arras People

The responses are directly relevant to strategy, culture and leadership in all our organisations and businesses. 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.

2017 151

What is the Program Management Improvement and Accountability Act?

Moira Alexander

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. This piece of legislation was fully supported by the Project Management Institute (PMI) and garnered staggering bi-partisan support. Related story: What’s difference between project management and change management? ].

2017 125

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