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9 Steps to Managing Risk for Your Projects

LiquidPlanner

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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9 Best Project Management Certifications in 2024

The IIL Blog

It reviews each of the key offerings, from the globally acclaimed Project Management Professional (PMP®) and PRINCE2®, to the more agile -minded certifications like ScrumMaster and Product Owner. PRINCE2® Practitioner PRINCE2 ® Practitioner certification is designed for project managers, aspiring project managers (i.e.,

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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Cost Benefit Analysis How to calculate the potential benefits of a project in terms of money and then subtract the cost of the project from this figure. A cost benefit analysis will then determine if the project is worth the investment and whether it should be initiated or passed on. Learn more about risk management here.

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Skills analysis: Identify your skills and find and fill knowledge gaps

Project Accelerator News

A skills analysis can help us to identify our skills and gaps in our knowledge, and work out how to fill any gaps that we find. Identify the gaps One way of identifying the gaps in your project management knowledge is to do a SWOT analysis. It is also important not to underestimate the skills that you already have.

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How to Be a Project Management Consultant

ProjectManager.com

They’re also tasked with understanding their client’s business and even directing some aspects of their project, such as helping the project manager create a strategy, assess risk and more. PMI Professional in Business Analysis (PMI-PBA) This is another certification offered by PMI. What Is Project Management Consulting?

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From Risks to Requirements – An Approach to Project Initiation

The IIL Blog

By Vincent Marguier October 4, 2023 Risk management is a dynamic component of any project, where risks—and opportunities—must constantly be assessed and monitored to deliver in the most successful way. When the end user is a patient, we must reduce the risk factor to the strict acceptable minimum, straight from the start.

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How to Manage Fixed Date Projects

Rebel’s Guide to PM

The analysis part of planning has to take on a different spin when your implementation time is already ticking away. Work out the end date ignoring the fixed delivery date, even if you do have to crash your analysis time into a shorter period and use estimates with a greater degree of uncertainty than normal.

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