ProjectManager.com

MAY 19, 2022

Is your organization failing to close the gaps between strategy and project execution? Fortunately, there are strategies ( and tools! ) Let’s review strategies and tools you can use, and learn how they can help you close that gap to promote successful project execution. Following processes. What is Project Execution?

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Executing Project Life Cycle Software Review Technical Review 499

ProjectManager.com

NOVEMBER 28, 2023

Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. To make sure you understand what organizational process assets are, first, we’ll define the terms and explain their importance. What Is an Organizational Process Asset?

Process 360

Process Executing Controlling Defining 360

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. Frequent use of risk management best practice is one of the top drivers of project success , according to PMI.

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Risk PMO Risk Management Governance 397

ProjectManager.com

FEBRUARY 15, 2023

As a business grows, it needs to look at new processes or ways to improve the processes it has in place. Whatever the objectives, process implementation is how they achieve these goals. If you’re looking to improve your business processes , you need to know what process implementation is and why it’s so important.

Process 292

Process Software Review Manufacturing Defining 292

Rebel’s Guide to PM

FEBRUARY 28, 2022

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.

Risk Management 276

Risk Management Risk Technical Review 2015 276

Project Risk Coach

JANUARY 11, 2021

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. What are Emerging Risks? Click to Tweet.

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Risk Management Risk Governance Government 423

Project Risk Coach

NOVEMBER 1, 2021

In this article, let’s see how the PMBOK® Guide, Seventh and Sixth Editions differ, explore the Risk Principle in the Seventh Edition, and look at how risk management methods relate to principles. 3 The Risk Management Principle 4 What is a Method? Here are some takeaways from this risk management principle.

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Risk Management Risk PMI PMO 394

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

The Strategic Project Manager

FEBRUARY 14, 2024

This post provides an overview of the VRIO analysis framework, a very useful framework today for both strategists and PM’s. The post then provides specific areas where the framework can be most effectively applied as part of a strategic analysis. What is a VRIO framework analysis in strategy?

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Underperforming Technical Team Technical Review Sustainability Innovation 98

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.

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Risk 2009 2023 2017 52

ProjectManager.com

FEBRUARY 19, 2019

If a business isn’t prepared for those responses, then they’re taking a great risk. Business impact analysis is a tool to help plan for the inevitability of consequences and their cost. It’s another arrow in the quiver to battle risk. Business Impact Analysis Defined. First, what is business impact analysis (BIA)?

Technical Review 327

Technical Review Software Review Risk Management Risk 327

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!

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

Rebel’s Guide to PM

APRIL 11, 2022

Have you been asked to pull together a strategy planning meeting agenda? In this article, I’ll explain what a strategic planning meeting can cover and share a sample agenda you can customize for your strategy sessions. Strategy planning doesn’t just happen. There’s no fixed cadence for strategy conversations.

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Planning Cadence Closing Defining 380

MPUG

MAY 6, 2024

In Part 1 of Effective Use of Artificial Intelligence Tools , we explained AI and its uses for predictive analysis in Project Management. Natural Language Processing (NLP) One of the key AI applications is automating document analysis, particularly in the critical phases of requirements gathering and stakeholder communication.

Artificial Inteligence 52

Artificial Inteligence Risk Management Risk Monitoring 52

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

Project Pulse Journal

OCTOBER 15, 2023

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? In the dynamic world of project management, understanding and mastering the art and science of risk management strategies is not just an ancillary skill but a necessity.

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Risk 2023 2017 Risk Management 40

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

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.

Risk 59

Risk Risk Management Software Review Technical Review 59

nTask

OCTOBER 4, 2022

To deal with risks successfully, each project manager should develop and implement a risk management strategy, plan, and tools at the start of each project. Mostly, People are bad at assessing risk. They allow biases to influence their decisions or emotions to stymie decision-making processes.

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Risk Management Risk Influencer Process 88

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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Influencer Governance Government Consulting 207

ProjectManager.com

DECEMBER 10, 2019

No process is perfect immediately. Perfection is a ceaseless effort that requires honest analysis followed by tweaks and improvements. Process optimization methods can help guide those tweaks and improvements. By optimizing their process of sorting, folding and packing, you can improve the business as a whole.

Process 278

Process Software Review Risk Management Leadership 278

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.

Risk Management 247

Risk Management Risk Technical Review 2015 247

The IIL Blog

NOVEMBER 8, 2023

These offices are enablers to successful delivery of strategy and in many organisations are a rich source of structured and unstructured intelligence. The right parameters for quality and cleanliness of the data and the bias risk mitigation must be encoded from the beginning.

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Artificial Inteligence Underperforming Technical Team 2023 Innovation 164

Scrum.org

MAY 4, 2023

First, Stakeholder Exploration and Stakeholder Analysis & Mapping. This time we will discuss how to build an effective stakeholder communication strategy. What Is Stakeholder Communication Strategy A communication strategy is our plan that outlines how we will communicate. What information do we need from them?

Influencer 191

Influencer Software Review Cadence SCRUM 191

The Strategic Project Manager

MARCH 11, 2024

This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas tool is a management tool introduced by W. Value: Moderate.

Technical Review 105

Technical Review Innovation Sustainability Retail 105

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.,

Risk Management 268

Risk Management Risk PMI Technical Review 268

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

The CEO may not engage the PMO manager in the strategic planning process. Clarify the PMO's Goals and Roles Whether you are planning for a PMO implementation or it's been in existence for several years, you may wish to facilitate a SWOT analysis with your key stakeholders. Additionally, define the roles of the PMO.

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PMO Underperforming Technical Team Risk Management Energy 457

nTask

NOVEMBER 12, 2018

Gary David Cohn once said, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”. Project manager or not – professionals on all levels have to interact with researching, identifying, and resolving risks. Risk Identification Techniques.

Risk Management 76

Risk Management Risk Underperforming Technical Team Manufacturing 76

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.,

Risk Management 240

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.

Planning 150

Planning Risk Management PMI Technical Review 150

Project Risk Coach

DECEMBER 10, 2018

Well, let's talk about project risks and issues, the differences, and why it's so important to manage risks. What is Risk? The Project Management Body of Knowledge (PMBOK) defines risk as, “An uncertain event or condition that, if it occurs , has a positive or negative effect on one or more project objectives.”

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Risk Risk Management Energy Defining 265

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

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.

Process 52

Process 2030 Software Review Estimate 52

ProjectManager.com

AUGUST 22, 2023

Risk Management A project risk is an unexpected event, which can be positive or negative. Risk management is a process to identify, manage and resolve these risks, whether it’s to take advantage of a positive one or mitigate a negative one. This is done through a resource management plan.

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Certification Leadership Risk Management Budget 353

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.

Risk Management 136

Risk Management Estimate Risk Finance 136

The Strategic Project Manager

MARCH 13, 2023

Recommended Option – Analysis along multiple dimensions of the benefits and costs of each option, leading to one. A Business Problem can be defined by performing analysis of the context and specifics of the problem to be solved. Organizational strategy – What is the current direction for the organization?

Planning 95

Planning ChatGPT Technical Review Underperforming Technical Team 95