The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. What is Risk Management on Projects? How to Manage Risk.

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Construction Risk Management: An Introduction

ProjectManager.com

There is heavy equipment, crews working in precarious situations and complicated logistics to manage. How do you meet your deadline while managing all that risk? The answer is construction risk management. What Is Construction Risk Management?

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Using a Risk Assessment Matrix for a Qualitative Risk Analysis

ProjectManager.com

All projects have risks, but not all risks are the same. There are many potential risks that can affect a project and you need to have a risk management process in place to manage them. To assess the level of risk, use a risk matrix.

2021 292

What Is a Risk Register & How to Create One

ProjectManager.com

What is a Risk Register? A risk register is a tool in risk management and project management. There is no time too early to start thinking about risk analysis in your project. There is no time too early to start thinking about risk in your project.

2021 320

What’s in YOUR risk register?

Kiron Bondale

Tracking and reporting risk information is a standard part of any project management approach. Given this, is it possible to come up with a minimum set of risk information elements which we’d want to capture on most projects?

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Sciforma Review [2021]

Girl's Guide to PM

Are you looking for a robust, scalable PPM solution that can manage the whole project life cycle and show you what’s being worked on at any one time? In this review of Sciforma, I’ll share the pros and cons of this enterprise-centric project and portfolio management tool.

2021 351

How to Identify and Manage Emerging Risks

Project Risk Coach

Ask 10 different risk management experts to define emerging risks, and you will likely receive different points of view. In this article, let's define emerging risks, discuss ways to identify them, and look at different ways to manage these risks.

Risk 292

14 Common Project Risks (+ more)

Girl's Guide to PM

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? Yep, risks can be a good thing – with a positive effect. Internal risks.

Top 6 Safety Management Applications to Use in 2021

nTask

In the 21 st century where companies are enormous, you can’t compromise on safety management protocols without the use of a proper application. 6 Best Safety Management Application to Use in 2021. Risk management module for safety and health procedures.

2021 124

Beware false accuracy with quantitative risk assessment

Kiron Bondale

Michael’s concern is: “ We turn haphazard guesswork into a science, and think we’re making sound business decisions because we “have done the numbers”, when in reality, we are the victim of an error that is explicitly built into our process.

Risk 193

The Tale of Two Risk Owners

Project Risk Coach

In this article, we will look at what a risk owner is and why they are needed. Have you ever had a really bad day as a project manager? Imagine that you are managing a software development project. Now imagine the risks listed above occurring under two different IT Directors.

Project Management Process: The Basics

Clarizen

Edwards Deming once wrote that “if you cannot describe what you are doing as a process, you do not know what you are doing.” Project Management Process Groups. Initiating : processes that are required to define and authorize a new project, or a new phase of an existing project.

Enterprise Risk Management (ERM) and Risk Governance

MPUG

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Hence, when risks were reported, team members didn’t understand, or if they did, they wouldn’t know how or whether to act.

What Is Contract Administration? Key Practices and Processes

ProjectManager.com

Contract administration is the process of creating a contract between employer and contractor. The process ends when the contract is agreed upon and everyone has signed the dotted line. Execute your construction contracts flawlessly with project management software.

2021 386

Managing Project Risk

Brad Egeland

Basic risk management on projects hasn’t changed much over time. During the planning phase of any project, the project manager and team need to plan for risks. Do we manage risk on every project?

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Project Decision-Making: A Process Guide For How To Do It Better

Girl's Guide to PM

The easier part is always implementing that decision – after all, isn’t that what project managers do? As a project manager, you will be used to making multiple decisions on a daily basis. There are 5 steps the decision-making process in project management.

2021 359

Top 5 Freelance Project Management Applications to Use in 2021

nTask

Being an entrepreneur or a freelancer is a very tricky one-person show that either makes you successful or someone who struggles to manage clients. And, after all of that, they get to manage their business execution and the activities that are going to make them money.

2021 124

5 Best Construction Project Management Software to Use in 2021

nTask

When you are starting a construction business, you need to have the best construction project management software that is going to track and manage all of the tasks and processes related to your construction processes. Project management. Timesheet management.

2021 124

Project Time Management: Strategies, Tips & Tools

ProjectManager.com

Time is not on your side when it comes to project management. While project managers haven’t figured out how to bend time and space to their bidding, there are time management techniques that you can use to manage the time you spend on tasks. Time Management Tips.

2021 289

Creating a Risk-Adjusted Backlog

Leading Answers

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? The Economics of Risk Management. Negative risks are called threats, and positive risks are called opportunities.

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Top 6 WorkFlowy Alternatives to Use in 2021

nTask

So, without further ado, let’s take a look at some of the best alternatives that you can use instead of WorkFlowy in 2021 and find out how they can be more beneficial for you instead of WorkFlowy. Project management to look after all of your projects and their development processes.

2021 126

Improve Productivity In 2021 With Effective Workflow Optimization Tactics

nTask

Workflow optimization refers to the improvement of work processes in the company. Workflow optimization aims to enhance the end results by optimizing the working of existing processes. Improve the efficiency of existing processes. Timesheet management in nTask.

2021 131

2021 Online & On-Site Events for Project Managers

Epicflow Blog

2021 is going to be full of both online and offline events for project managers engaged in different areas of business: construction and engineering, IT, healthcare, and many others. Biggest Online Project Management Conferences in 2021. Webinars for Project Managers.

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2021 Guide to Inventory Management – Introduction, Types, Benefits, and Methodologies

nTask

No matter the size of your company or the industry you are in, you have to have a firm grasp on the inventory of your business since it drives the processes around you. Inventory Management forms an essential part of businesses in that regard. Methodologies Of Inventory Management.

2021 131

Top 5 Best Data Management Software Of 2021

nTask

As of January 2021, the internet penetration rate has reached an all-time high of 59%. Managing this humongous amount of data is a Herculean task. Fortunately, we are blessed with a wide range of Data management software designed to help your business grow beyond leaps and bounds.

2021 124

Managing Digital Projects: The Digital Project Management Process

nTask

The need for digital projects and content means that digital project management is more prevalent and there is a need for digital project managers. If you work as a digital project manager, there are many different types of digital projects you could work on.

2021 147

15 Best Toggl Alternatives for 2021 & Counting

nTask

You can check productivity, identify billable and non-billable hours, and streamline invoicing processes. With nTask you can not only access time tracking features but also all those features that you could need to manage your projects and tasks with ease, all from a single platform.

2021 160

Step By Step Guide To Effective Marketing Planning Process

nTask

Understanding the fundamentals of the Marketing planning process makes it easier for professionals to come up with a robust marketing plan. The success of marketing depends on the development of an efficient marketing plan, created via a strategic marketing planning process.

3 Ways Most People Will Fail at Remote Work in 2021 (And How to Avoid Them!)

The Lazy Project Manager

In this article, we will go through the most common errors that new and experienced employees made last year while working remotely, and how you can overcome them in 2021 with simple, tried and true methods.

2021 274

The Ultimate Resource Forecasting Guide for Project Managers (2021 Updated)

Resource Guru

Resource forecasting in project management is much like a super-effective crystal ball. Keep this tab open as you go through the resource forecasting process. What is resource forecasting in project management? In project management, forecasting really takes place twice.

2021 72

All New Risk Matrix, Risk Custom Fields, and Much More

nTask

To put it simply; we are excited to bring a revamped Risk register with a bunch of exciting new features dedicated to acing Risk mitigation like a pro. There are custom fields, checklists, new drop-down options, Risk Matrix charts like never before, and much more.

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Top Frustration #2: End to End Risk Management

MPUG

Imagine you are managing a large project, which is strategically important and complex. At the outset, you realize there will be a number of risks, which if not managed well, could paralyze the outcome and have negative impacts on the project objectives. for risk management.

2021 85

5 Reasons Every Medium-Sized Business Should Adopt Project Management Software

Arras People

Reports from early in 2021 show that medium-sized businesses may have experienced the biggest challenges last year. So is now the time to invest in AI-driven project management software? And in 2021 and beyond, it will become even more vital to success. Budget management.

2021 339

Risk Management Strategies for Financial Institutions

Brad Egeland

When managing risks, several financial institutions tend to focus their energy and time on scheduled risk management. What Is Risk Management? Risk Management Strategies Investments involve some amount of risk.

2021 129

Six steps to managing risks collaboratively

Susanne Madsen

​The importance of risk management cannot be overemphasised. Project managers who want to make a difference don’t sit back and assume that the road to project delivery will be straightforward. Keep digging until the team finds the ultimate source of the risk.

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Best Product Management Tools Available in 2021

nTask

In this post, we will highlight the best product management tools available in the market which you can start using today. What are Product Management Tools? The first thing to understand is what Product management tools actually are. Best Product Management Tools.

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7 Data Entry Tools for Automating Data Entry Tasking in 2021

nTask

But this is the 21 st century and you have a lot of different applications on the market that can help you make sure that all of your data is entered properly into the system so that it can be easily filed and managed later. 7 Data Entry Tools to Use in 2021. Project management.

2021 124

Top 6 Zenkit Alternatives to Use in 2021

nTask

Day in and day out, we see a lot of different project management applications in the market that are different from one another. This is why no manager in the industry can be entirely sure about one specific tool without even trying some other contender. Project management.

2021 124

9 Best SharePoint Alternatives to Use in 2021

nTask

One thing that we have learned in the project management paradigm and the overall organizational world, is that there is no guarantee of something being extraordinary if it has been a part of the market for a long time. 9 Best SharePoint Alternatives to Use in 2021. Task management.

2021 154

The 5 Skills You Need For Managing Complex Projects

Girl's Guide to PM

Tera Simon spoke about this at the Digital Project Management Summit a few years ago. She shared examples from her experience on complex projects and gave us tips on how to manage the work when it seems unmanageable. The risk for the project goes up.

2021 367