PM Basics

SEPTEMBER 8, 2022

Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. Risk management process is a structured approach to identifying, assessing, addressing, and controlling risks. So, let’s dive in!

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Risk Management Risk Process Underperforming Technical Team 104

The IIL Blog

FEBRUARY 28, 2024

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

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Risk Management Risk Controlling Artificial Inteligence 162

Rebel’s Guide to PM

JULY 19, 2021

It’s helpful to have a decision-making process or framework to guide you, especially when faced with complex problems that require additional info from others. In this article, I will provide more detail on a framework for making better decisions in an effective, rational and ethical way. SWOT analysis. Step-by-step overview.

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Process Software Review Monitoring Risk Management 437

Scrum.org

APRIL 10, 2023

By Lavaneesh Gautam , Professional Scrum Trainer In the previous article (Stakeholder Exploration: Part 1 of 4 Steps of the Stakeholder Engagement) , we discussed: “Stakeholder”- who are they? Stakeholder Analysis and Mapping. Stakeholder Analysis The definition we discussed in the previous article.

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PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. The qualitative risk analysis process is quite simple. Risk Management Plan Template. Project Risk Management Overview.

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Risk Risk Management Software Review Technical Review 59

Project Pulse Journal

OCTOBER 15, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you tired of navigating project management risks, constantly looking for the proverbial dangers that could derail your project's success? That's why understanding the strength of qualitative and quantitative risk analysis is vital.

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Risk 2023 2017 Risk Management 40

Project Risk Coach

JUNE 20, 2022

This edition is a principles-based guide as opposed to the process-based guide of the Sixth Edition. In this article, let's look at each principle and why each one matters with respect to managing risks. Build Quality into Processes and Deliverables 9. Optimize Risk Responses 11. Table Of Contents.

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Rebel’s Guide to PM

NOVEMBER 16, 2023

In this article, we will cover strategies to usher in this adoption and certain tasks that can be augmented with AI. For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk.

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ChatGPT Generative AI Artificial Inteligence PMI 471

Planio

FEBRUARY 12, 2024

Fully understanding customer demand, the broader market, and the competitor landscape is vital to ensure you don’t fail - and that’s where a competitive analysis can help. Jump to a section: What is a competitive analysis? Download our free competitive analysis template and get a headstart on creating your own analysis today.

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Underperforming Technical Team Technical Review Estimate Influencer 88

Scrum.org

JUNE 3, 2021

Backlog Refinement Techniques – Semantic Analysis. You need to know how to break down your work to be forced by technology or business processes to deliver anything more than the minimum. . For example, for “student credit card,” you could substitute student with general, high leverage, low risk, high risk, business, family.

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Software Review Technical Review SCRUM Risk Management 219

Project Risk Coach

NOVEMBER 28, 2017

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? Why Use Risk Categories?

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Defining Risk Risk Management PMO 292

Project Risk Coach

DECEMBER 26, 2017

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. However, the risks are never discussed again. When to Identify Risks.

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Risk Software Review Risk Management Energy 306

Project Risk Coach

FEBRUARY 7, 2022

In this article, we will explore why this happens and what it takes for PMOs to become strategic enablers. The CEO may not engage the PMO manager in the strategic planning process. Based on the SWOT analysis, define clear, results-oriented goals. PMOs Have Gone to the Dogs PMOs are started with the best of intentions.

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PMO Underperforming Technical Team Risk Management Energy 457

Project Risk Coach

FEBRUARY 4, 2019

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. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

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Controlling Risk Technical Review Performance Measurement 199

Rebel’s Guide to PM

OCTOBER 14, 2019

Risk management is a great example. It’s a structured process that happens on every project and outside the project environment too, so it’s a fantastic skill to learn to boost your career and broaden your skills – whatever your job title. Identify project risks. First, identify the project risks. Allocate risk owners.

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Risk Management Risk Technical Review 2015 247

Project Risk Coach

SEPTEMBER 25, 2017

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? An organization’s risk champion (e.g.,

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Risk Management Risk PMI Technical Review 268

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Risk is not solved with a calculation. Project leaders need to ask: are some foreseen risks not occurring?

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Risk Management Risk 2003 2007 158

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 Estimate Risk Finance 136

NimbleWork

APRIL 16, 2024

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. The Five Project Management Processes: 1. Initiating: This process involves defining the project and obtaining authorization to begin work.

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Process 2030 Software Review Estimate 52

Rebel’s Guide to PM

MAY 9, 2022

EMV is a risk analysis tool that helps establish the contingency reserves for your project activities. It’s a statistical technical for quantifying risk. You would use it to: Establish which new product option or solution is best Establish the contingency reserve required to offset project risk. What is EMV?

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Software Review Technical Review Risk Management Risk 403

Project Risk Coach

SEPTEMBER 25, 2017

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? An organization’s risk champion (e.g.,

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Risk Management Risk PMI Technical Review 240

Project Risk Coach

JANUARY 7, 2019

Today, let's look at a step-by-step process to improve your strategic planning, analysis, and alignment with a particular focus on risk management. What is Strategic Risk Management? Strategic risk management is a process for identifying, analyzing, and managing risks most critical to the achievement of your goals.

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Planning Risk Management PMI Technical Review 150

Project Risk Coach

SEPTEMBER 12, 2022

In this article, let's examine why the new PMI® Standards matter and what to look for in your PMI-RMP® training. Simply put, PMI® did not use the Standard for Project Risk Management (2009) or the PMBOK® Guide, Sixth Edition (2017) to validate the exam. Why Take the Risk? In December 2021, PMI® conducted a pilot of the new exam.

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Project Risk Coach

AUGUST 27, 2018

In this article, we will look at how to conduct a risk audit to evaluate the effectiveness of your risk management. Additionally, we'll also talk about how to be more forward thinking through risk reviews. Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.”

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LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

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Risk Management Risk 2012 Prince2 167

Proofhub

JUNE 20, 2023

Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. You can perfect your business plan and have an up-to-date marketing strategy, yet there could be an event or situation that may loom on your business as an uncalled risk.

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Risk Management Risk Software Review Governance 78

Wrike

JULY 28, 2023

In today’s fast-paced business environment, where risks abound, it has become vital for organizations to have effective risk analysis methods in place. One of the most powerful tools available for this purpose is risk analysis software.

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Software Review Risk Software Healthcare 36

Online PM Courses

APRIL 23, 2018

Risk analysis is both easy and hard at the same time. No project manager can get by without knowing how to analyze risk on your project. Risk is important, because it is baked into the nature of projects. Risk analysis is one part of the wider Risk Management process. Risk Management Process.

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Risk Risk Management Estimate Technical Review 70

Rebel’s Guide to PM

JULY 22, 2023

It’s helpful to have a decision-making process or framework to guide you, especially when faced with complex problems that require additional info from others. In this article, I will provide more detail on a framework for making better decisions in an effective, rational and ethical way. SWOT analysis.

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Software Review Monitoring Risk Management Governance 303

Project Risk Coach

MARCH 21, 2022

Or perhaps your team said they had gathered the requirements, but in reality, the team had hastily rushed through the requirement process resulting in rework, missed deadlines, and another blown budget. If you want to improve your project success, improve your requirements processes. Poor requirements change process.

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Underperforming Technical Team Software Review Risk Management Controlling 416

Rebel’s Guide to PM

MARCH 14, 2024

In this article, we’ll go through what they mean and what you can expect to do in one of those roles. However, in this article, we’re focusing on people who predominately manage projects. He learned a lot about project management in the process and eventually went on to become a PMO Manager.

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PM Basics

SEPTEMBER 7, 2022

Here’s the most important thing you need to take from this article. Risk identification is not a rigid process that you follow step-by-step. Instead, good risk identification comes from communication and collaboration with all project stakeholders. What is Risk Identification? Instead, transform them into risks.

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Risk Software Review Underperforming Technical Team Risk Management 109

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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Aerospace Risk Management Engineering Risk 98

Scrum.org

JUNE 3, 2021

Backlog Refinement Techniques – Semantic Analysis. You need to know how to break down your work to be forced by technology or business processes to deliver anything more than the minimum. . For example, for “student credit card,” you could substitute student with general, high leverage, low risk, high risk, business, family.

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Software Review Technical Review Risk Management Risk 133

Rebel’s Guide to PM

MARCH 2, 2022

In this article, I’ll share a secret weapon for improving problem solving in project management. I find that this is particularly the case with complex processes or projects with lots of moving parts and many stakeholders. There is only one sensible solution to fixing an issue. And the project can carry on.

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Project Risk Coach

OCTOBER 18, 2021

Let's look at the PMI-RMP Pilot Exam process, what's different in the exam, the Pilot Exam Content Outline, and how to apply. Moreover, the exam is being updated with terms and concepts that are in alignment with the PMBOK® Guide and the new Risk Standard. Related article: The Practice Standard for Project Risk Management.

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PMI 2021 Certification 2022 221

Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

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Risk Management Risk Underperforming Technical Team Technical Review 36