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.

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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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Playing Whack-A-Mole With Risk

Tyner Blain

My assertion in that workshop was that assumptions and hypotheses, practically speaking, are risks. The risk is that those beliefs are wrong. It represents an implicit risk. Remember – hypotheses and assumptions are risks. Risks of being wrong (and not knowing it).

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?

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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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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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.

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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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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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!

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.

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.

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

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.

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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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?

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.

How do YOU define project failure?

Kiron Bondale

Without working through this at some level of detail, project teams risk experiencing a similar pain to reaching the finish line at the end of a marathon only to have the judges move that line back by a mile. Tagged: improving project management , Project performance , Risk management.

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.”

Perceptions on risk -- a perfect storm of problems.

Musings on Project Management

Ribeiro, writing in ASK magazine for NASA, has a nice posting on risk perception. He reports on a study Risk ManagementThe messenger: “Unfortunately, my King … here I am, unwilling and unwanted … because I know that no one ever welcomes a bearer of bad news.” Antigone by Sophocles, circa 442 BC The surprise: “It is pardonable to be defeated, but never to be surprised.” Frederick, the Great Pedro C.

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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. In this presentation, I'd like to share 12 such products that are definitely worth checking out for your 2017 project management needs.

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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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Who is the Cassandra on YOUR project?

Kiron Bondale

“ But are such risks really “unknown unknowns”? On any project involving a reasonable number of stakeholders, surely there was someone with the imagination and creativity to have been able to surface issues which were not identified through project risk management practices.

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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. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. When to Identify Risks.

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 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.

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.

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

What is Risk Management: Staying on top of the Risks in your projects

Runrun.it

The post What is Risk Management: Staying on top of the Risks in your projects appeared first on For Managers | Personal Development Hacks. Through our lives both professionally and personal we constantly run into little hiccups that we did not see coming. Maybe you put off paying those toll tickets and years later, you get a letter in the mail for over a thousand dollars! Yikes! Alternatively, lets take a look at the IBM Mega Disaster when in […].

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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).

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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Las Vegas Shooting, Risks, Planning and is There Anything We Can Do

Brad Egeland

We take risks when we go to something like this. What do we do about the risk - what should we do? Risk on projects is the same way, though with a much smaller true price than human life in an event like this. But planning for risk, risk avoidance, and risk mitigation. Don't take on the risk.

Increasing the Probability of Project Success

Herding Cats

Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance MeasuresIncreasing the Probability of Project Success Simple in Theory, Complex in Practice.

Final PMP 2017 Boot Camp and Certification based on PMBOK 5th Edition

Brad Egeland

PPM Global Services – a leading provider of guaranteed PMP Certification training - is offering their final 2017 PMP Boot Camp based on the 5th Edition of the PMBOK. Anyone who is considering taking the PMP exam should take the test this year (2017) before the PMP exam changes. There is risk in waiting.

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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?

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

INFOGRAPHIC: 5 Things To Prepare Before You Start Any Project

Celoxis

best practices communication Customer Experience infographic Project Management celoxis Online project management software project management project risk management stakeholder management web based project management toolINFOGRAPHIC: 5 Things To Prepare Before You Start Any Project.

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Project Management Basics: 6 Steps to a Foolproof Project Plan

Wrike

Step 5: Identify Issues and Complete a Risk Assessment. No project is risk-free, and you won’t do yourself any favors by crossing your fingers and hoping for the best. Consider the steps you could take to either prevent certain risks from happening, or limit their negative impact.

Project Management Trends (2018 Edition)

Girl's Guide to PM

With the PMBOK® Guide – Sixth Edition and PRINCE2 2017 both discussing tailoring more thoroughly than ever before, project managers have more flexibility to adapt project approaches to their environment. Improving risk assessments. Testing risk response.

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