The Best Risk Management Tools & Techniques for PM Pros

ProjectManager.com

Project managers know this better than anyone, for what is a project if not a venture? Risk is inherent in project management and so is the need to control it. The better a project manager identifies and responds to risk, the better the outcome. Risk Register.

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Risk Management: When All Hell Breaks Loose

Project Risk Coach

What would you do if all hell breaks loose in a critical company project that you are managing? So, the project charter is completed and the top risks are recognized. You've been asked to manage this project. 2=Planning Project Risk Management

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What is Project Risk?

Project Risk Coach

If you say the word “risk” to ten people, each person may think of something different— insurance, threats, investments, bets, or potential loss. As we manage project teams, it's critical that you and your team members have a common understanding of what project risk means.

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Risk Analysis — The Managing Up Secret Weapon

Project Risk Coach

While project managers and others often find themselves in opposition to the boss’ ideas, recommendations, or preferred course of action, telling the boss they have an “ugly baby” is a different story. Indeed, I think risk analysis can be the secret weapon of managing up!

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Change management helps when implementing risk responses

Kiron Bondale

A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them.

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IT Risk Management Strategies and Best Practices

ProjectManager.com

It’s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video. In Review – IT Risk Management Strategies and Best Practices.

7 Tips for Easily Improving Project Risk Management with templates

Girl's Guide to PM

Risk management is a staple skill of project managers. However, project risk management is something that many project managers find tricky. What is project risk management? The Praxis Framework defines project risk management like this.

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IT Risk Assessment Template

ProjectManager.com

Create a risk assessment document in order to prepare for the inevitable. An IT risk assessment template gives you the tools to see what might be waiting around the corner. Why You Need an IT Risk Assessment Template. The list of risks to an IT environment are long.

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The Relationship Between Project Risk Management and Project Management

Project Risk Coach

Project management is "the application of knowledge, skills, tools, and techniques to project activities to meet the project objectives" (PMBOK—6th Edition). So, how does project risk management fit into the world of project management?

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How to Build and Use a Risk Register

Project Risk Coach

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. ” Risk Owner. Risk Score.

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Five Ways to Reduce Risk Exposure Early

Project Risk Coach

When is risk exposure greatest in a project? Let's look at how to reduce risk exposure early in your projects. Why Risk Exposure Is Greatest in the Beginning So, why is your risk exposure greatest in the beginning? Project managers have the least amount of information.

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How to Select Your Risk Responses

Girl's Guide to PM

Risk management is one of the core knowledge areas for project managers. You’ve identified and assessed your project risks—both threats and opportunities. Now, you are planning your risk responses with your risk owners. Risk Response Strategies for Threats.

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The Power of If-Then Risk Statements

Project Risk Coach

Have you thought about the use of this two-letter conjunction in risk management lately? Let's look at how to use the power of If-Then risk statements. IF is a simple word that can open up new doors to writing clear risk statements. 2=Planning Project Risk Management

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Top 9 Project Management Word Templates (Updated Nov. 2019)

ProjectManager.com

Instead of reinventing the wheel each time you start a new project, wouldn’t it be great to have a resource that collected a bunch of documents that have been already outlined to serve the purpose of managing a project? Once you’ve sold the project, now you have to manage it.

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Risk Management Wisdom and Humor of the Ages

Project Risk Coach

Our ability to achieve those goals is dependent on our risk management skills, that is our ability to manage opportunities and threats. Through the years, I have captured my favorite quotes related to the art and science of risk management.

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4 Must-Have Project Dashboard Tools (Updated Nov. 2019)

ProjectManager.com

There are lots of project management software apps that feature a dashboard, but not all dashboards are the same. Knowing all the different kinds of dashboard tools is vital if you’re selecting a project management app or dashboard tool for your projects or your team. .

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5 Types Of Project Reports (Updated Nov. 2019)

ProjectManager.com

Reporting – it’s what a project manager does. It’s the kind of question project managers hear a lot. Maybe it’s from the project sponsor, or your Project Office manager, or a colleague. Risk Reports. Related: Free Risk Tracking Template.

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Evaluating Risks Using Qualitative Risk Analysis

Project Risk Coach

Have you ever endured a project meeting where you spent hours evaluating risks? Today, let’s discuss the use of qualitative risk analysis to get you back on track. Qualitative Risk Analysis. What is Risk Evaluation? Quantitative Risk Analysis. Risk Rating.

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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. Allow me to introduce you to two project managers—Tom and Susan.

11 Must-Have Project Management Excel Templates (Updated Sept. 2019)

ProjectManager.com

Before you can plan for your project you have to have the right tools to collect the data you need in order to formulate a strategy—and project management Excel templates are a great place to start. Are you interested in free project management Excel spreadsheets?

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The Top UK Project Management Certifications in 2019- By Role

Arras People

In a recent blog The Top UK Project Management Certifications in 2019 , we explored the results from the 2019 PMBR (Project Management Benchmark Report) dataset to identify the take-up (or not) of PM certifications in the UK.

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How To Make 2019 A Successful Year for Your Projects

Girl's Guide to PM

Would you like to make 2019 a successful year for your projects? I asked people two questions: What should people managing projects be aware of as we go into 2019 to make 2019 their most successful year ever? Now 2019 is here, I think that’s’s a cop-out.

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What are some of the underlying causes of ineffective project risk management?

Kiron Bondale

Since I first started to learn about project management, risk management has always fascinated me. That characteristic of uniqueness which separates operations from project work introduces uncertainties which, in turn, generate risks.

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Webinar: Risk Management Tips & Tools To Manage Risk Like A Pro

The Digital Project Manager

The post Webinar: Risk Management Tips & Tools To Manage Risk Like A Pro appeared first on The Digital Project Manager. Members Only Risk Management Topics WebinarsJoin Ben Aston, Founder of the DPM, as he condenses what he has learned over.

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Risk un-management

Musings on Project Management

Risk un-management? Perhaps the largest task within risk management, and requiring the greatest judgment, is "risk un-management" On any project there are going to be dozens, perhaps hundreds, of unmanaged risks. These comprise the population to be un-managed. I doubt this is news to anyone, but these are, as a group, more numerous than those selected for the usual risk management paradigm. Risk Management

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The Best Gantt Chart Software of 2019

ProjectManager.com

Since 2008, ProjectManager.com has worked to transform the project management industry. Since then, more than 20,000 managers have followed suit. Task list management. In addition, managers can create private lists visible only to assigned employees. Risks.

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What Everybody Ought To Know About Project Risk Owners

Project Risk Coach

So, what are project risk owners and how should project managers identify and assign them? Imagine that you are the project manager of a two-year, multi-million dollar project. One of your team members calls upset that a major risk has occurred.

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"Open" risk management

Musings on Project Management

To be open Every text and paper I've read describes risk management like many other project processes: open, transparent, available to any on the project team. Risks are identified, evaluated, ranked, made subject to some form of risk reduction paradigm; and everyone is made aware. Risk ManagementOh, but if it only were! Most of us can handle the text book process. It's more will than capability But, on.

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12 Project Risk Management Strategies You Can Only Learn From Experience

The Digital Project Manager

The post 12 Project Risk Management Strategies You Can Only Learn From Experience appeared first on The Digital Project Manager. Risk Management

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Two doors: risk and decision managers

Musings on Project Management

A narrative* Imagine two doors to the same room: One labeled risk manager; the other labeled decision maker. Though the risk manager's door, entry is for the inductive thinker: facts, experience, history looking for a generality or integrating narrative Through the decision maker's door, entry is for the deductive thinker: visionary with a need to articulate specifics for the vision Risk Management

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10 Habits of Highly Effective Project Managers

Project Risk Coach

Just because you've been a project manager since the days of "Gilligan's Island" is no guarantee that you are an effective project manager. 10 Habits of Effective Project Managers. Define what you mean by risk The term "risk" means different things to different people.

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10 Step Risk Management Kick-off for Your Project

Online PM Courses

But one thing that can have a big effect on your ultimate success is how you approach risk management. So, we asked risk management expert, Keith Baxter, to offer his advice on a successful risk management kick-off. Keith is the founder of De-RISK […].

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2019 Epicflow Multi-Project Management Features

Epicflow Blog

For about 10 year history of existence, Epicflow multi-project management software regularly gets updates and enhancements to make its users’ life easier and business more effective. We’ve prepared a list and description of new features released so far in 2019. Project Risk Factor.

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Risk Assessment for Information Security

Brad Egeland

Risk assessment methods and programs should be key components of your security plan, as they guide your team in establishing a strong framework for compliance. ISO 27005 ISO 27005 is a framework that guides businesses towards effective risk management.

The Top 20 Team Management Software of 2019

nTask

More than ever before, the importance of effective team management , team bulding and team collaboration has reached an all-time high. The impact of accord or discord between team members as well as teams and management can be reflected in the projects and daily workflows.

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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?

The 32 Best To-do List Apps of 2019 for Personal Task Management

nTask

The Top 31 Best To-do List Apps of 2019: nTask. nTask is one of the best task management tools created for individual and teams. Team specific workspaces that can be managed and monitored simultaneously. A detailed meeting management module to help teams stay in sync.

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What is Risk Tolerance? | Video

Online PM Courses

So, what is risk tolerance? The post What is Risk Tolerance? Project Management in Under 5 Project Risk ManagementNo one would tolerate a project that is too risky! 5-minute Video. Video appeared first on OnlinePMCourses.

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3 Best Project Management Charts for Project Planning

ProjectManager.com

To avoid a catastrophic misunderstanding that can delay or derail a project, project managers need a communication plan that informs every phase of the project—especially the planning phase. Online project management charts take abstractions and make them concrete.

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Quantitative risk for the new guy on the street

Musings on Project Management

Repetition and review are good--Malcom Gladwell says it takes 10,000 hours to be expert at anything--so here's a few words that will take a few minutes on three important quantitative concepts every risk manager should know: Concept 1: Centrality Most phenomenon of interest to projects, particularly naturally occurring phenomenon, tend to cluster around a central value, given enough samples. risk Risk Management

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