Risk Management

Herding Cats

Risk Management is How Adults Manage Projects - Tim Lister. Risk Management requires making estimates of many things. Just like risk management, estimating is how adults manage projects. No risk management no adult managemnt. NoEstimates Risk

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What You Need to Know About PRINCE2 2017

Arras People

The 2017 update introduces the whole concept at a much earlier stage, explaining exactly why it is so important in today’s working environment. Axelos announced that there will be a new update to PRINCE2 later this year.

Focus on individual impacts when communicating risks!

Kiron Bondale

A recent article by Uzma Khan and Daniella Kupor in Harvard Business Review adds support to the argument for keeping things simple when it comes to communicating risks. This biases us against taking positive risks and avoiding negative ones.”

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A risk management ode to project managers!

Kiron Bondale

Father’s Day might be a holiday which is much newer than the project management profession itself, but let’s not miss the opportunity to celebrate the many ways in which project managers help their projects succeed through effective risk management.

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Shuffle up and deal with qualitative risk analysis!

Kiron Bondale

user stories), planning poker can also be used to facilitate other types of decision making so why not use it for qualitative risk analysis? This forces them to do a second pass to prioritize the risks so that risk owner capacity can be focused on the valuable few.

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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. The highest risks?

Let’s add a few tools to your risk identification tool belt!

Kiron Bondale

Risk identification is our first step towards converting unknown-unknowns to known-unknowns. It is neither possible nor advisable to identify all risks which could impact your project’s objectives – like any other project planning process, too much is as bad as too little.

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The Essential Project Management Competencies: A 2017 Perspective

Girl's Guide to PM

As a line manager or a Project Office manager, the best thing to look for is projects that skip between green and red, projects with a lot of ‘surprises’ and a long list of risks and issues that don’t seem to be managed.

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How to Actually Define Risk Categories

Project Risk Coach

He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories?

2017 Project Management Trends To Watch

Girl's Guide to PM

This year I’m looking forward into 2017 to highlight some of the project management trends I think it is worth watching out for. Will 2017 be the year we get our first Chartered Project Professionals? Be brave, find your people and have a wonderful 2017.

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6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. Susan, on the other hand, facilitated an early risk identification workshop.

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. What is Enterprise Risk Management?

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How to Identify and Manage Secondary Risks

Project Risk Coach

A response to risk can create other risks. These secondary risks may be more significant than the primary risks if we are not careful. What is a secondary risk? A secondary risk is a risk that is created by a response to another risk.

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Estimating the Risk

Herding Cats

Risk is everywhere on projects. This risk comes from two types of uncertainty. The idea of risk and its management and handling is a critical success factor for all software development. One of the most rigorous theorems of economics [1] proves that the existing means of production yields greater economic performance only through greater uncertainty that is, through greater risk. Without these estimates, there is no risk management. NoEstimates Risk

7 Things You Ought to Know About Identifying Risks

Project Risk Coach

Increase Your Risk Management IQ Every project manager deals with risks. Allow me to share seven things you ought to know about identifying risks. How do we manage risks and the causal factors? Risk management begins with the practice of identifying risks.

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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. NoEstimates Books Estimating Risk

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Risk Response Lessons from the Beach

Project Risk Coach

Learn threat response strategies Project managers may make risk decisions without much thought. 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).

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Risk Management: Known / Unknown Unknowns

Project Health Check

It would become so famous that it would become the title of his autobiography "Known and Unknown: A Memoir", and provides a superb basis to discuss our approach to Project Risk Management: ". Known Unknowns - For us this is our Risk Log. Cost Management Project Planning Risk Managemen

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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. And one of the most important things to communicate is your risks. How can we communicate risks more effectively? Communicating Risks.

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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. Thou shalt not make risk management complicated.

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How to Plan Your Risk Management From Start to Finish

Project Risk Coach

Let’s talk about how to plan your risk management from start to finish. Some people think of risk management plans in the wrong way. Risk management plans are not a list of risks and what you plan to do (e.g. risk register). How will you develop risk response plans?

SwiftKanban Feature Update – September 2017

Digite

You can now create a Master list values for Risk, Issue and Block Flags, Reason code from the respective board itself. – The post SwiftKanban Feature Update – September 2017 appeared first on Digité Blog.

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How to Improve Results With Better Risk Statements

Project Risk Coach

Vague risk statements lead to poor risk response planning. When organizations or project teams fail to respond to significant risks (i.e., Risk management starts with identifying risks and writing clear risk statements. Why do people define risks poorly?

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How to Right-Size Your Risk Management Plan

Project Risk Coach

While I’m a fan of planning, let’s use some common sense and right-size our risk management plans. A risk management plan for the Mercedes-Benz Stadium will be much larger than a plan for a Southern Living Idea House. Risk management plans typically include: Project risk background.

Extreme risk -- or, extremely risky?

Musings on Project Management

Ideas about extreme risk management have been around a long time. Here's a working definition: Extreme risks are those for which the consequences are nearly irreversible, and the impact is near-catastrophic. Risk ManagementNo news there, so let's press on. And, fortunately, in most cases, the likelihood of the event is low. Because the expected value is nearly zero, but the threat so high, people are.

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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. These risks can be mitigated with a good risk management process. Risk management structure.

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5 Stats You Need to Know from the 2017 State of Project Management in Manufacturing Report

LiquidPlanner

To better understand how manufacturers practice project management, we surveyed more than 100 executives, engineers, and project managers, resulting in the 2017 State of Project Management in Manufacturing report. Work smarter, not harder” could be manufacturers’ motto in 2017.

How to Right-Size Your Risk Management Plan

Project Risk Coach

While I’m a fan of planning, let’s use some common sense and right-size our risk management plans. A risk management plan for the Mercedes-Benz Stadium will be much larger than a plan for a Southern Living Idea House. Risk management plans typically include: Project risk background.

Risk Management for Agile Software Development Projects

Herding Cats

It is popular to state that Agile IS Risk Management - but that is not correct. Risk Management is a process as well. The two - agile and risk management - are well suited for each other. But Agile alone is not Risk Management. First some principles: All risk comes from uncertainty. Here's how Agile and Risk Management are joined. risk management agile+evm (v10.2) IT Risk Management. Agile Risk

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Risk Management Short Course

Musings on Project Management

Need a quick introduction to risk management? Try this very short course on risk management (no math required!). Risk management short course from John Goodpasture. Read my contribution to the Flashblog Risk ManagementDon't have much time for this? Read in the library at Square Peg Consulting about these books I've written Buy them at any online book retailer!

INFOGRAPHIC: Increase Your RoI in 2017 with a Project Management Software

Celoxis

INFOGRAPHIC: Increase Your RoI in 2017 with a Project Management Software. best practices collaboration infographic PM reports PPM Project Management risk management celoxis Online project management tool project management project risk management project tracking web based project management software

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Are You Tired of Missing Big Project Risks? 3 Ways to Stop It

Project Risk Coach

It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. And these individuals did not perform the risk identification just once at the beginning of their projects. Risk Checklist.

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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. What is Enterprise Risk Management?

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Construction Risk Management: What to do when your project goes wrong

Geniebelt

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. How we could define risk in a construction project.

My Top 10 Most Popular Blog Posts of 2017

Project Risk Coach

Allow me to share the results of my most popular blog posts of 2017. One of my goals was to have 50,000 people visit the Project Risk Coach website. I experienced a significant increase in the last quarter of 2017. Most Popular Blog Posts of 2017. 7 Ways to Treat Risks.

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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. 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. Plan risk management.

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In defense of the Digraph

Kiron Bondale

I’ve found project risk management to be one of the weakest performed PMBOK knowledge areas in most organizations, even for those companies whose operational risk management practices are very mature. But what about the relationships between risks?

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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Now To Risk Management. Risk is the effect of uncertainty of objectives. occurrence, or recurrence of the cause of the risk.

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Walk! And Cut Your Risk of Heart Disease by 30%

Brad Egeland

hours a week,” just 21 minutes a day, “can cut your risk of heart disease by 30%.” ” What’s more, walking has also been shown to “reduce the risk of diabetes and cancer, lower blood pressure and cholesterol, and keep you mentally sharp

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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). Control Risk.

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