Project Risk Coach

DECEMBER 11, 2022

You are a project manager and have to make decisions on the fly. 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. Whenever we manage projects, we rely heavily on assumptions. Project managers can illustrate what may happen (e.g.,

Estimate 195

Estimate Risk Management Risk Budget 195

Project Risk Coach

JANUARY 16, 2020

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. Risks derail our projects.

2019 221

2019 Risk Management Risk PMI 221

Rebel’s Guide to PM

NOVEMBER 16, 2023

In our annual global survey , one in five (21 percent) respondents say they are using AI always or often in project management. For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk.

ChatGPT 469

ChatGPT Generative AI Artificial Inteligence PMI 469

Project Risk Coach

JANUARY 9, 2024

In the intricate world of project management, where each decision can lead to a myriad of outcomes, the ability to forecast and manage potential risks is invaluable. Enter Decision Tree Analysis, a robust tool that, quite literally, helps you see the forest for the trees. Click here to view table.

PMI 221

PMI Estimate Risk Management Risk 221

Project Risk Coach

JANUARY 16, 2020

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? I also plan to speak and conduct more project risk management workshops for PMI Chapters in 2020.

2019 195

2019 Risk Management Risk 2015 195

Project Risk Coach

JUNE 20, 2022

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses.

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

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? Why is ERM important?

Risk Management 268

Risk Management Risk PMI Technical Review 268

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? Why is ERM important?

Risk Management 240

Risk Management Risk PMI Technical Review 240

ProjectManager.com

DECEMBER 12, 2018

Project management is no different. The Project Management Institute (PMI) is a nonprofit organization for those working in project management across the globe. If you have even a passing interest in the field, then you’ve bumped up against PMI. Quick Facts About PMI. The PMI footprint is huge.

PMI 276

PMI Technical Review Certification Software Review 276

Kiron Bondale

MARCH 3, 2019

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.

Risk Management 273

Risk Management Change Management Risk PMI 273

Rebel’s Guide to PM

MARCH 14, 2024

We gathered 57 of the top AI in project management statistics to help understand this key development in technology. Recent advancements in tech have changed how project managers work in 2024. Top AI in project management statistics You’ve probably read that 80% of project management tasks will be eliminated by AI by 2030 ( Gartner ).

Artificial Inteligence 366

Artificial Inteligence Technical Review 2028 2024 366

Project Pulse Journal

OCTOBER 7, 2023

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

Risk 52

Risk 2009 2023 2017 52

ProjectManager.com

JULY 20, 2023

Project management consultants don’t only add value to a project, but they can help introduce project management processes to any team. It’s a great career transition for current project managers to consider. What Is a Project Management Consultant? What Is a Project Management Consultant?

Consulting 381

Consulting Certification PMI Technical Review 381

Rebel’s Guide to PM

APRIL 5, 2024

Material on the Knowledge Areas can still be found in the PMI web guidance which members have access to, called Standards Plus. This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. How many knowledge areas are there in project management?

PMI 201

PMI Risk Management Risk Technical Review 201

ProjectManager.com

AUGUST 22, 2023

What qualifications do you need to land a project management job? What Are Project Management Qualifications? Being qualified for a position as a project manager means you have the skills, experience and temperament for the job. Qualified project managers need the right tools for the job. Thanks for watching!

Certification 353

Certification Leadership Risk Management Budget 353

PM Basics

SEPTEMBER 8, 2022

I’ve been managing software development projects for more than 11 years. 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. You’ll get the whole risk management process below.

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

Project Risk Coach

JANUARY 7, 2019

Individuals, teams, and organizations lack the healthy habits of identifying and managing the uncertainty that surrounds their world. 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?

Planning 150

Planning Risk Management PMI Technical Review 150

MPUG

DECEMBER 12, 2022

The PMI-RMP® credential is an industry renowned certification, certifying that Risk Management Professionals have the necessary knowledge to apply project risk management knowledge, principles, tools, and techniques. This article will assist you in preparing for the PMI-RMP Exam. The PMI RMP Exam Blueprint.

PMI 64

PMI Underperforming Technical Team Risk Management 2022 64

Project Risk Coach

AUGUST 7, 2016

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. If you are preparing for the PMP or PMI-RMP exam, this exercise will certainly be helpful.

Risk Management 150

Risk Management Risk PMI Executing 150

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?

Software Review 397

Software Review Technical Review Risk Management Risk 397

Rebel’s Guide to PM

SEPTEMBER 29, 2021

What does a business analyst do on a project, and how is that different to the role of the project manager? First, let’s look at the different responsibilities for the roles of business analyst vs project manager on a project. They work with product managers or product owner as well as other stakeholders to do that.

2020 399

2020 Certification PMI 2013 399

Techno-PM

MARCH 15, 2022

The Project Management Institute's Professional in Business Analysis (PMI-PgMP) certification is one of the most sought-after certifications for professionals who want to enter the project management field. This course is designed to help you prepare for and pass the PMI-PgMP Certification exam.

PMI 62

PMI Certification Leadership Governance 62

Project Pulse Journal

APRIL 24, 2024

Not having any idea about complexity management and risk management techniques for stakeholders could burden the project team. The Stakeholder Analysis Matrix is a powerful tool that can give you this competitive edge. Ready to transform how you manage your project stakeholders ?

Influencer 52

Influencer Underperforming Technical Team Technical Review Monitoring 52

Epicflow Blog

JUNE 24, 2021

Risk is often perceived as a potential hazard or something that should be better avoided. However, we all know that the road to success is fraught with risk, as it’s often associated with new opportunities that lead to better results. The process of managing projects is always accompanied by a certain degree of uncertainty and risk.

Risk Management 97

Risk Management Risk Underperforming Technical Team Technical Review 97

Rebel’s Guide to PM

OCTOBER 3, 2023

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) Seventh Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. Instead of the Knowledge Areas , we have the whole body of project management split up into performance domains.

Technical Review 292

Technical Review Software Review PMI 2023 292

Rebel’s Guide to PM

FEBRUARY 15, 2021

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. Instead of the Knowledge Areas , we have the whole body of project management split up into 3 performance domains. Domain I: People.

Technical Review 464

Technical Review PMI Influencer Leadership 464

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

MAY 4, 2021

Recently I spoke with Lela Machaidze on Clubhouse about future trends in project management. That’s echoed in the PMI Pulse of the Profession 2021 report. It will be something we see more of and it will lead into other trends – for example, driving data analysis and giving recommendations for decisions. Community shares.

Artificial Inteligence 476

Artificial Inteligence PMI 2021 PMO 476

Rebel’s Guide to PM

SEPTEMBER 14, 2020

Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. Scope creep is caused by lack of requirements management. These are laid out in a research paper from PMI *. What is scope creep? How do you do that?

Underperforming Technical Team 450

Underperforming Technical Team 2009 Controlling Risk Management 450

ProjectManager.com

NOVEMBER 27, 2019

What do you need to know to succeed at project management? While there’s some truth to that joke, it’s not helpful to the student or the experienced professional who is looking for a way to understand the myriad responsibilities of being a project manager. What is PMBOK in Project Management? Project Integration Management.

Monitoring 499

Monitoring Risk Management Controlling Technical Review 499

Rebel’s Guide to PM

JANUARY 23, 2023

Are you looking for a way to better manage the risks associated with your projects? Risk audits are an effective tool that can help project managers and program managers identify potential issues before they become problems. What is a risk audit in project management? Who carries out the risk audit?

Risk 390

Risk PMO Risk Management Governance 390

Rebel’s Guide to PM

MARCH 23, 2023

Recently I audited the Fundamentals of Project Planning and Management course from University of Virginia Darden Business School. It’s one of the most popular project management courses on Coursera. Who is the Fundamentals of Project Planning and Management course for?

Technical Review 465

Technical Review Planning Certification Risk Management 465

Rebel’s Guide to PM

JULY 20, 2023

In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents, templates, outputs or a specific deliverable. For example: a project management artifact is the project closure document. What is an artifact? Documents are documents.

Logistics 253

Logistics Artificial Inteligence PMI Performance Measurement 253

Techno-PM

MARCH 16, 2022

Overview: The Project Management Institute's Registered Risk Manager Program (PMI-RMP®) is a risk management certification for project managers. The PMI-RMP Certification covers the tactical, strategic, and operational aspects of managing risks and opportunities for organizations.

PMI 36

PMI Certification Risk Management Prince2 36

Rebel’s Guide to PM

FEBRUARY 5, 2022

PMI has released its Global Megatrends 2022 report, which is an analysis of the global forces significantly impacting society and the project management profession today. The report draws on trend data, primary and secondary research, and interviews with project managers in the field.

2030 308

2030 PMI 2022 2021 308

ProjectManager.com

APRIL 29, 2022

Consider this your civics lessons in project management. The term project governance refers to the set of activities and guidelines that determine how a project will be planned, executed and managed. It’s clear that project governance is a big job and one that needs a project management software to handle all its responsibilities.

Governance 366

Governance Government PMI Defining 366

Management Yogi

JANUARY 9, 2024

The Risk Management Professional (RMP®) exam from PMI® has various types of questions, including the multi-response questions. Indeed, if you are appearing for the latest RMP exam in 2024 and beyond, then you will face both multi-choice and multi-response questions.

PMI 59

PMI 2024 Risk Management Risk 59