article thumbnail

Importance of Scenario Planning and Analysis in Business

ProjectManager.com

By using regular and consistent scenario planning, organizations can better allocate resources successfully, mitigate risk and decrease production costs. Project management software features can help map out scenario planning. This is commonly used by financial analysts and is known as a what-if analysis.

Planning 344
article thumbnail

Using a Risk Assessment Matrix for a Qualitative Risk Analysis

ProjectManager.com

All projects have risks, but not all risks are the same. There are many potential risks that can affect a project and you need to have a risk management process in place to manage them. This risk management process consists of risk identification, assessment, mitigation and monitoring. Learn More!

Risk 372
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Citizen Developer Foundation & Practitioner Review: PMI Training

Rebel’s Guide to PM

I use low-code and no-code tools for various different automations and data processing at work, and while I’m no expert, the low-code revolution is going to make it easier for us all to do a whole lot of stuff without input from IT. That’s because the course content is really about how to manage a low-code app project.

article thumbnail

What Is Project Risk? 7 Project Risks to Track

ProjectManager.com

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 399
article thumbnail

8 Free Risk Management Templates for Excel

ProjectManager.com

Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. There are many project management templates that are designed to help you identify, respond to and track those risks. Learn more 3.

article thumbnail

What Is Business Impact Analysis & Why Is It Important?

ProjectManager.com

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)?

article thumbnail

10 Best Buildertrend Alternatives of 2024 (Free + Paid)

ProjectManager.com

Buildertrend is construction project management software used by residential builders, from custom builders to specialty contractors and remodelers. Below is a comprehensive list of 10 of the best Buildertrend alternatives to help general contractors find the software that suits their needs.

2024 319