The Confusion Over Risk

Project Risk Coach

Why are many project managers confused over risks? Why do some project managers include positive risks in risk management and others do not? Let's clarify what we mean by the term risk. Most people think of risk as pure risk, as a possibility of loss.

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12 Sure-Fire Ways to Improve Project Risk Management

Project Risk Coach

Mike was a functional project manager in an organization where I managed a PMO. But his projects were trending in the wrong direction and his manager was not happy with Mike's performance. Warren Buffett says, "Risk comes from not knowing what you are doing."

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How to Communicate Risks

Project Risk Coach

Ninety percent of a project manager’s job is communication. And one of the most important things to communicate is your risks. How do you communicate risks? Communicating Project Risks 1. Analyze Your Risks We cannot communicate the things that we don’t understand.

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Thank you 2020

Girl's Guide to PM

As 2020 comes to a close, I would like to take a moment and reflect on the year and thank everyone that has made a Girl’s Guide to Project Management a success this year. LiquidPlanner PMI Phoenix Project Management Institute.

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5 Early Indicators Your Embedded Analytics Will Fail

that you’re at risk for an analytics emergency. teams risk falling straight off it. requests, you risk unhappy customers and skyrocketing. application admins say it’s a pain to manage security settings in two different places.”

What is Risk Attitude?

Project Risk Coach

In today's article, I'll test your understanding of risk attitude. We'll also explore different risk attitudes and how they can affect risk evaluations. Project managers should seek to understand the risk attitudes of key stakeholders because: A.

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Manage Risks While Compressing Project Schedules

Project Risk Coach

Project managers are pressured to deliver projects quickly. Sponsors think their project managers are magicians. Let us explore ways to compress project schedules and manage the associated risks. One risk is that we may fail to identify activities.

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Risk Mitigation Plan: Definition & Top Strategies

ProjectManager.com

Risk is always present. If we were to try and avoid all risks, it would be paralyzing—not to mention impossible. Project managers don’t have the luxury of locking the door, turning off the lights and hiding in a corner. It’s called risk mitigation. What Is Risk Mitigation?

How to Create a Project 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 develop a project risk management plan. As a bonus, I will provide a risk management plan example and a risk management plan template. How often will you perform risk management activities?

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What Is & How To Create A Risk Management Plan

The Digital Project Manager

The post What Is & How To Create A Risk Management Plan appeared first on The Digital Project Manager. How-to Guides How-to Managing And Controling Risk Management Topics

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Project Management Trends [2020]

Girl's Guide to PM

Project management is no different: we see trends come and go, or stay with us and develop over time. Recently I’ve been reflecting on what the shifts are and where that is taking us as project managers. There are some things that are coming that will have a fundamental impact on project management, if I am right. Here are the top project management trends for 2020/21 I think you should be watching out for. And this is a global project management trend.

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What’s The Future of Project Management? (2020)

Girl's Guide to PM

What is the future of project management? Let’s look ahead and see what the next 10 years will bring for project management software, jobs, and the role itself. Does Project Management Have a Future? So will we need ‘professional’ project managers in the future?

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Counter-party risk

Musings on Project Management

Oh business analysis contract Risk ManagementDefine counter-party: In a transactional relationship, the other party to -- or participating in -- the transaction is your counter-party. In project situations, there are usually many counter-party transactional arrangements, such as contractors and suppliers with transactional relationships. And within the business there may be transactional relationships among business units and the PMO.

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4 Tips for Developing a Risk Management Plan

Project Risk Coach

Let’s talk about how to plan your risk management. First Things First Some people think of risk management plans in the wrong way. Risk management plans are not a list of risks and how you plan to respond. That's your project risk register. Rather, this plan is your approach to risk management. How do you plan to identify and evaluate risks? How will you develop risk response plans? What are your risk thresholds?

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Assessing risk

Musings on Project Management

Most of us -- that is, all but the few formally trained in risk assessment -- really suck at risk assessment, a necessary first step toward managing risk. Risk ManagementWhy so? Bias, for one thing. Confirmation bias being a biggie: we all want confirmation that our thinking, experiences, and instincts are right for the situation we find ourselves in. But, of course, we know objectively, even if not.

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The Project Risk Management Quiz

Project Risk Coach

Webinar: How to Create a Project Risk Management Plan Date: Wednesday, February 26, 2020 Time: @ 10am PST / 11am MST/ 12pm CST / 1pm EST. register now. The post The Project Risk Management Quiz appeared first on Project Risk Coach. Personal Development Uncategorized

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Qualitative vs. Quantitative Risk Analysis

Project Risk Coach

In this blog post, we will explore the differences between qualitative and quantitative risk analysis. Qualitative Risk Analysis Once you've identified your risks, it's important to evaluate your risks. To establish the priorities of the risks. Which risks need a response? Qualitative risk analysis is a quick way of determining the significance of your risks. 2=Planning Project Risk Management

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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]. Infectious disease was ranked as 10th biggest risk in terms of impact, and didn’t figure at all in the top ten by likelihood. And if the WEF didn’t see a risk coming, then what hope do we have? So, whose risk was this?

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Some risks aren't manageable

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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New Presentations for 2020

The Lazy Project Manager

It has been 10 years since The Lazy Project Manager was published and I have had the pleasure of presenting on this topic in 25 countries so far, but now, at the start of a new year, 2020 no less, I have decided that this will be the last year that I deliver ‘The Lazy Project Manager’ keynote. Firstly, Project Management: It’s all Bollocks! Based on a new book for 2020). Welcome to Project Management: It’s All Bollocks!

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Risk management: what's to know?

Musings on Project Management

If you only know one thing about Risk Management, know this: Schedule slack is your most powerful tool Poorly developed instincts and skills in the use of this most powerful tool are leading causes of poor risk management If you are a Systems person a strategic thinker; an integrator; a "it all has to work" person -- you'll translate schedule slack into to "loose coupling" Loose. Risk Management system engineering

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Risk Management Plan Example (Comprehensive Guide+Tempalte)

PM Basics

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition.

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Game theory in risk management

Musings on Project Management

Perhaps game theory Risk ManagementIn any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. Theodore Roosevelt Actually, that's Teddy's version of cousin FDR's famous "Try something!" But what if it's all about a threat -- something external -- for which you have no experience? Call in your PMO team and brainstorm?

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Agile Maturity & Change Management: 3 Steps for Achieving Executive Buy-In

Lindsey Marymont

Agile Portfolio Management. Project & Portfolio Management. Professional Services Portfolio Management. Agile Maturity & Change Management: 3 Steps for Achieving Executive Buy-In. Proactive project and resource management. Agile Portfolio Management Software.

How to Be a Project Risk Management Evangelist

Project Risk Coach

The Project Management Institute says, "high-performing companies manage risk in conjunction with projects and programs far more often than low performers do." How can you help your company manage risks and become a high performer? Let's look at ways to become a project risk management evangelist. The lack of senior management support is one of the primary barriers to effective organizational risk management.

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Risk management: hierarchy v. mesh

Musings on Project Management

Risk ManagementAlmost anyone who's been around projects for a few years has experienced hierarchy: it's like a pyramid, with one person at the apex and a number of layers spreading out below, interconnected, for the most part, top-down. On the other hand, another structure is like a mesh, wired for the most part peer-to-peer, and mostly flat -- few hierarchical titles and few top-down controls, and lots of.

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Project Risk Management – How to Manage Project Risk | Video

Online PM Courses

When you are managing a project, risk is always with you. So, Project Risk Management is a fundamental discipline. The post Project Risk Management – How to Manage Project Risk | Video appeared first on OnlinePMCourses. PMI Talent Triangle: Technical Project Management Project Management Tips Project Risk Management project risk management risk management video

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15 Easy Ways to Earn PDUs in 2020

Girl's Guide to PM

In this article we’ll cover what you need to know about the different categories of PDUs and how many you need to get, plus some simple and free ways to earn PDUs in 2020. Leadership and Strategic and Business Management PDUs count for every certification you hold.

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4 Types of Project Risk – Different Forms of Uncertainty | Video

Online PM Courses

A project risk is simply ‘uncertainty that can affect outcome’. The post 4 Types of Project Risk – Different Forms of Uncertainty | Video appeared first on OnlinePMCourses. Project Management: What is. We rarely think of the differences in the kinds of uncertainties.

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My Top 10 Project Risk Management Blog Posts of 2019

Project Risk Coach

Are you a better project manager today than you were a year ago? In case you missed some of my blog posts, I'm sharing my most popular project risk management posts of 2019. So, just how many of you came to the Project Risk Coach website in 2019? Risks derail our projects. My aim has been to make project risk management easy to understand and practical to apply, putting you in the driver's seat of your projects. Risks derail our projects.

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How can we evaluate risks more objectively?

Kiron Bondale

I responded to a discussion thread on ProjectManagement.com this week about categorizing risks and after doing so, I spent some time thinking about the impacts of bias on how we evaluate risks. While subjectivity affects all aspects of delivery, when we evaluate risks, these impacts can get compounded through the combination of the intrinsic uncertainty of risks with our own biases. Project Management improving project management Risk management

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The Best Risk Management Software For Enterprises and Midsize Businesses

The Digital Project Manager

Why use risk management software? Risk is an undesirable event, a probability function, a variety, The post The Best Risk Management Software For Enterprises and Midsize Businesses appeared first on The Digital Project Manager. Tools

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My Top 10 Project Risk Management Articles of 2019

Project Risk Coach

Thank you for being a part of the Project Risk Coach Community. In this article, I'm sharing my most popular project risk management posts of 2019. So, just how many of you came to the Project Risk Coach website in 2019? My aim has been to make project risk management easy to understand and practical to apply, putting you in the driver's seat of your projects. My primary audience are project managers in the United States with a college education.

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The oldest technique in risk management

Musings on Project Management

The oldest technique in the book, indeed before there were even books, is "acceptance" To drive a car is to accept the risk that the other driver isn't too drunk, too sleepy, too unskilled, too distracted, too whatever To take on debt is to accept the risk that you'll have the means to repay without bankrupting yourself To take on unsecured credit is to accept the risk (trust, really) that. Risk Management

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Don’t ignore appetite when it comes to risk response!

Kiron Bondale

I’ll admit to being hyperbolic with the title of this article, but a question posed today in one of the project management LinkedIn discussion groups managed to sidetrack what I was intending to write about this week. The author asked what needs to be considered when planning risk responses. The majority of the answers offered focused on characteristics of the individual risks themselves such as their probability, impact, ability to be responded to and so on.

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Ultimate Guide to Project Risk Management

Online PM Courses

Risk is inherent in the nature of a project. So, that makes project risk management a central part of the project management toolset. The post Ultimate Guide to Project Risk Management appeared first on OnlinePMCourses. PMI Talent Triangle: Technical Project Management Project Management Tools and Techniques Project Risk Management Step-by-step Guides project risk management Risk Happens risk management TimLister

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The Hottest Black Friday SaaS Deals of 2020

nTask

When is Black Friday in 2020? nTask is a project management tool that incorporates everything you need to streamline your project management through a single platform. nTask also offers meeting management , the ability to create timesheets , risk and issue management , and much more. nTask Black Friday Deal 2020. GanttPRO is a project management tool that focuses on Gantt charts to give you an overview of your project’s progression.

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Probabilistic Branching and Analysis in Risk Management

MPUG

These questions lead to a concept called probabilistic branching and analysis , which is used in quantitative risk analysis and management. Probabilistic branching is one of the ways to represent individual project risks. But, as with many projects we manage, we have a twist!

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The Best Gantt Chart Software of 2020

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. Designed for managers, teams and clients alike, ProofHub also consolidates myriad project management functions into a central platform. In addition, managers can create private lists visible only to assigned employees. The Teamwork platform spans beyond project management. Risks.

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What to Put in Your Risk Register (Risk Log) | Video

Online PM Courses

Risk Management is one of the core skills of project management. And your Risk Register - or Risk Log - is the primary tool you'll use. The post What to Put in Your Risk Register (Risk Log) | Video appeared first on OnlinePMCourses. Project Risk Management Step-by-step Guides risk log Risk Register video

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