Project Risk Coach

DECEMBER 11, 2022

In this article, I will share what you need to know about Monte Carlo risk analysis , how it works, and an overview of when it should be used. What is Monte Carlo Analysis? The Monte Carlo Analysis is a powerful mathematical tool used to analyze complex projects quantitatively. That's like Monte Carlo Risk Analysis!

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Project Risk Coach

JULY 1, 2019

If you are looking for a great way to engage your key stakeholders and identify project risks, perform a SWOT Analysis. Let's look at how to perform a SWOT Analysis. What may hinder your ability to achieve your project objectives? […] The post How to Perform a SWOT Analysis appeared first on Project Risk Coach.

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ProjectManager.com

NOVEMBER 11, 2019

What is a SWOT analysis, and why are so many successful companies using this powerful tool? She also includes a SWOT analysis example in the video, so be sure to tune in! In Review – How to Perform a SWOT Analysis. It’s an analysis technique that is used in strategic planning and analysis. What is SWOT?

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Scrum.org

APRIL 10, 2023

Pre-requisite For Stakeholder Engagement Stakeholder Exploration techniques In this article, we will discuss, Part 2 of Stakeholder Engagement i.e. Stakeholder Analysis and Mapping. Stakeholder Analysis The definition we discussed in the previous article. Pro Tips for Stakeholder Analysis: Don’t do it alone.

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Project Risk Coach

APRIL 6, 2020

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. Qualitative risk analysis is a quick way of determining the significance of your risks. What is each? Let's dive in.

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ProjectManager.com

FEBRUARY 22, 2021

Use our free stakeholder analysis template to help you identify and manage the stakeholders in your project. Download Stakeholder Analysis Template. What Is Stakeholder Analysis? Stakeholder analysis is the process of identifying individuals that have a vested interest in a project.

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Productivity Land

MAY 24, 2023

Performance analysis is vital for businesses of any scope. What is Performance Analysis ? Performance analysis aims to measure and assess the business’s effectiveness and efficiency. In order to run performance analysis smoothly you need some tools (more about them in upcoming chapters) or performance indicators.

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Project Risk Coach

DECEMBER 2, 2019

In this post, we will explore why stakeholder analysis is important. Allow me to introduce you to two powerful tools: the stakeholder classification grids and the stakeholder engagement assessment matrix. […] The post Why Stakeholder Analysis is Important appeared first on Project Risk Coach.

Risk Management 270

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Project Risk Coach

APRIL 22, 2019

Credit : gorodenkoff | iStockphoto One of my favorite suggestions for this unenviable predicament is using risk analysis. Indeed, I think risk analysis can be the secret weapon of managing up! Consider the following example… […] The post Risk Analysis — The Managing Up Secret Weapon appeared first on Project Risk Coach.

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ProjectManager.com

OCTOBER 2, 2019

That’s where requirements analysis comes in. What Is Requirements Analysis? Requirements analysis is nearly self-explanatory: it’s the process of defining the expectations of stakeholders on a project. Requirement analysis can be used for any project, but it is most commonly used with a systems or software project.

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ProjectManager.com

FEBRUARY 19, 2019

Business impact analysis is a tool to help plan for the inevitability of consequences and their cost. Business Impact Analysis Defined. First, what is business impact analysis (BIA)? What the business impact analysis is analyzing are the operational and financial impacts of a disruption of business functions and processes.

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ProjectManager.com

MARCH 10, 2020

This process is called stakeholder analysis. What Is Stakeholder Analysis? Stakeholder analysis identifies and prioritizes stakeholders before the project begins. Stakeholder analysis is a way to get help from key project players. Before getting into the analysis, one must first know who the stakeholders are.

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ProjectManager.com

APRIL 2, 2019

Big data is big in business, but when does too much analysis lead to paralysis and not progress? Jennifer Bridges, PMP, shows you the red flags that appear at the onset of analysis paralysis. In Review – How to Save Your Project from Analysis Paralysis. Warning Signs of Analysis Paralysis. Why Analysis Paralysis Occurs.

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ProjectManager.com

JANUARY 8, 2019

One particularly effective method used to figure out if your project is progressing as planned is called gap analysis. What Is Gap Analysis? Gap analysis is a formal study of how a business or project is currently progressing and where it plans to go in the future. What Gaps Can Gap Analysis Target?

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Planio

MARCH 27, 2023

Unfortunately, too many project managers and development teams are eager to build and skip the stakeholder analysis stage. Stakeholder analysis is the best way to identify, categorize, and plan your engagement strategy with everyone who’s interested and can influence the outcome of your project. What is stakeholder analysis?

Planning 78

Planning Risk Management Influencer Defining 78

Scrum.org

FEBRUARY 8, 2021

TL; DR: Forensic Product Backlog Analysis. Here is where the forensic Product Backlog analysis steps in, a light-weight, simple practice to help Product Owners and Scrum Masters unearth anti-patterns that led to your low-value Product Backlog. Product Backlog Analysis: From Oversized to Waterfall Planning in Disguise.

SCRUM 203

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Scrum.org

JUNE 3, 2021

Backlog Refinement Techniques – Semantic Analysis. To meet schedules, deliver valuable products, and exceed your stakeholder’s expectations, you need the ability to flex scope and offer an actual minimum marketable product.

SCRUM 220

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Scrum.org

SEPTEMBER 27, 2020

What is business analysis? Traditionally, there is a role called a business analyst to perform all tasks related to business analysis. Requirement analysis is a phase to perform business analysis tasks within traditional project management techniques (waterfall is the most popular framework). Why a business analyst?

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SCRUM Agile Certification Risk Management 205

nTask

MAY 5, 2021

Enter cost benefit analysis. Cost benefit analysis allows you to choose the options that minimize risk while giving you the greatest potential benefit in the see of options in front of you. Using the benefit cost analysis tool allows you to minimize risks and maximize gains giving your project the best chance at being a success.

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Risk Management Risk Estimate Project Cost 136

Online PM Courses

DECEMBER 6, 2021

I wrote an article with 20 Stakeholder Analysis techniques, but here, I want to share with you my favorite 6 Stakeholder Analysis Tools. The post My Top 6 Stakeholder Analysis Tools | Video appeared first on OnlinePMCourses.

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Project Risk Coach

FEBRUARY 5, 2018

Project managers should be prepared to perform different types of risk analysis. For many projects, the quicker qualitative risk analysis is all you need. But there are occasions when you will benefit from a quantitative risk analysis. Let’s take a look at this type of analysis: What is it? Why should we perform it?

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Project Risk Coach

JANUARY 28, 2019

Today, let’s discuss the use of qualitative risk analysis to get you back on track. Qualitative Risk Analysis. There are two ways to evaluate risks: Qualitative Risk Analysis. Qualitative analysis such as rating probability and impact should always be performed. Quantitative Risk Analysis. KISS Method.

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Scrum.org

FEBRUARY 8, 2021

TL; DR: Forensic Product Backlog Analysis. Here is where the forensic Product Backlog analysis steps in, a light-weight, simple practice to help Product Owners and Scrum Masters unearth anti-patterns that led to your low-value Product Backlog. Product Backlog Analysis: From Oversized to Waterfall Planning in Disguise.

SCRUM 148

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Musings on Project Management

MARCH 11, 2016

Kano analysis is a new product feature/function evaluation tool that gives visualization to feature/function relative merit over time as trends change. The usual presentation is a four-sector grid with trend lines that connect the sectors.

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nTask

AUGUST 22, 2022

As an agile project manager, you must have come up with the question what is critical path analysis project management? Critical path analysis has been a part of project planning for a long time now. If you’re still looking for an easy and detailed answer to it, you’ve come to the right spot. It […].

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Teamweek

MARCH 10, 2023

And that’s where job task analysis comes in. When done correctly, job task analysis helps employees and candidates to know exactly what’s expected from them, enabling the business to optimize its’ valuable human resources. What is a job task analysis?

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Project Risk Coach

MARCH 18, 2016

How can we better your quantitative risk analysis? What is Quantitative Risk Analysis? The Importance of Quantitative Risk Analysis. While qualitative analysis takes less time, it is subjective. Quantitative analysis requires more time and effort but it provides more detailed information. Click To Tweet.

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Project Risk Coach

MARCH 11, 2016

Before we look at HOW to improve your qualitative risk analysis, allow me to share one more quick example of WHY it’s important. So, how can we improve our risk analysis? First, let’s understand the difference between qualitative and quantitative risk analysis. Quantitative Risk Analysis. the KISS Method, 2.

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nTask

JANUARY 7, 2022

As much as critical path analysis is important to a project, calculating CPs can be a real pain in the neck. Fortunately, you have the sweet embrace of critical path analysis software that can make the process a walk in the park for you. 2022’s Best Critical Path Analysis Software: nTask. Zoho Projects. LiquidPlanner.

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Project Risk Coach

MARCH 26, 2016

The team also identified 30 risks in the qualitative risk analysis. When utilizing the quantitative risk analysis, pay particular attention to the high risk tasks on the critical path , the longest duration path through a network diagram that determines the shortest time to complete the project. Analyzing the Highest Risks.

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MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. Learn more about Protecting Contract Deliverables with Schedule Risk Analysis and Schedule Margin with John Owen at our upcoming webinar! The post Is Schedule Risk Analysis Worth It? Introduction.

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Risk Risk Management Estimate Budget 64

WorkOtter

JUNE 14, 2021

Part 3 of 5: Program Performance Analysis Metrics. Part 4 of 5: Program Performance Analysis Judgment. Part 3 of 5: Program Performance Analysis Metrics. Therefore, program performance analysis is best done with metrics in combination with judgment. Part 1 of 5: Creating Positive Customer Satisfaction.

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Online PM Courses

DECEMBER 6, 2020

Transactional Analysis remains one of the supreme toolsets for Project Managers to use. The post 9 Transactional Analysis Tools that All Project Managers Must Know appeared first on OnlinePMCourses. Indeed - for all managers, leaders, and professionals.

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Musings on Project Management

OCTOBER 20, 2019

For many reasons, it's superior to other analysis paradigms. In network analysis, for instance, it handles the parallel join or 'gate' as no other method will. For many years, I've preached the benefits of the Monte Carlo simulation (MCS).

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