Project Risk Coach

OCTOBER 3, 2022

Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? So, a risk may cause a positive effect. So, a risk may cause a positive effect. We call these risks opportunities.

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ProjectManager.com

FEBRUARY 26, 2021

Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. In this article, we’ll discuss strategies that let you get a glimpse at potential risks, so you can identify and track risks on your project. What is Risk Management on Projects?

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Risk Management Risk Process Monitoring 535

Rebel’s Guide to PM

JULY 20, 2023

If you are starting to write one, and want some sample text for inclusion in your own, I’ve shared loads of tips and examples below. A ToR has a much broader application as you can create them for committees, regular repeating meetings, the board, hiring groups, particular roles like risk champions and so on.

Technical Review 274

Technical Review Software Review Prince2 Risk Management 274

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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Risk Technical Review Risk Management Estimate 320

Rebel’s Guide to PM

SEPTEMBER 14, 2020

One of the reasons for that is scope creep – and that’s what this article is all about. The change log is like a risk or issue log and in its simplest form is a document where changes and activities are written down. Examples of scope creep. Example of scope creep in software development. Example of scope creep in Scrum.

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Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? First, risk appetite is the degree of uncertainty. Fourth, we anticipate a reward.

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Risk Underperforming Technical Team Risk Management Defining 195

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. Moreover, you need to educate others on how to use your risk management process.

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Risk Software Review Underperforming Technical Team Risk Management 109

Rebel’s Guide to PM

APRIL 5, 2022

It’s easy to find examples of high-profile projects that fail. For example, the Millennium Dome attracted 5.5 These examples show that defining what we mean by success has a significant impact on whether we believe a project has ‘failed’. A version of this article first appeared on this blog in 2007. Failure or success?

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The IIL Blog

JANUARY 24, 2024

Time and time again, I see organizations are not dealing with risk appropriately. Sure, they have a list of five to ten risks on their projects, but they are not managing their risk and are falling into risk management pitfalls. Some people would call this risk magic. PMBOK 5 th Edition, PMI. Well wait a minute.

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Project Risk Coach

JANUARY 8, 2023

Risk management is an important part of the decision-making process for any project. It involves identifying, assessing, and responding to potential risks that could impact the project. In this article, we will look at some of the most frequent project risk response mistakes and explain how to avoid them.

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Project Risk Coach

JANUARY 3, 2022

In this article, I share 30 risk evaluation tips to help you tap into your genius. Use some of these tips to help you and your project teams determine which risks matter most. One of the top reasons for evaluating risks is to determine which risks are most significant. time-to-impact) of your risks?

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Rebel’s Guide to PM

FEBRUARY 28, 2022

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

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Risk Management Risk Technical Review 2015 276

Rebel’s Guide to PM

APRIL 22, 2019

This is a guest article by Harry Hall from projectriskcoach.com. Risk management is one of the core knowledge areas for project managers. You’ve identified and assessed your project risks—both threats and opportunities. Now, you are planning your risk responses with your risk owners. Harry Hall.

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Project Risk Coach

JUNE 20, 2022

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. For example, one of the PMBOK® principles is to optimize risk responses. Table Of Contents.

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Risk Management Risk Technical Review Underperforming Technical Team 195

Project Risk Coach

DECEMBER 13, 2021

Once we've identified our project risks, we should plan and implement responses. In this article, let's look at ways to respond to project threats and opportunities. We can optimize our risk responses over time. Project Risk Strategies How Can We Respond to Risks? contingency plan are defined).

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Project Risk Coach

NOVEMBER 2, 2020

In today's article, I'll test your understanding of risk attitude. We'll also explore different risk attitudes and how they can affect risk evaluations. Project managers should seek to understand the risk attitudes of key stakeholders because: A. Negative risk attitudes can reduce a project team's motivation.

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Project Risk Coach

APRIL 22, 2019

This is a guest article by Dana Brownlee from professionalismmatters.com. Credit : gorodenkoff | iStockphoto One of my favorite suggestions for this unenviable predicament is using risk analysis. Indeed, I think risk analysis can be the secret weapon of managing up!

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Kiron Bondale

MARCH 21, 2021

This article represents the confluence of three separate concepts I read about this week. The first came when I read Michael Küsters’s article Why WSJF is Nonsense which details the downside of blindly ranking work packages based on the Weighted Shortest Job First (WSJF) formula. of making a poor decision. (If

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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. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

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Risk Risk Management Software Review Technical Review 59

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Monitoring Risks.

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Risk Management Risk Planning Technical Review 105

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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Kiron Bondale

JUNE 12, 2022

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it.

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Risk Risk Management PMI Leadership 207

PM Basics

OCTOBER 28, 2023

Have you ever wondered how to approach project risk management but struggled to know where to start? This article will provide you with the necessary knowledge, resources, and templates. Read now.

Risk Management 59

Risk Management Risk Planning 59

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

Inloox

NOVEMBER 16, 2021

Introduction: The risk catalog The risk catalog - also called risk inventory - can serve as a basis for a risk analysis or the FMEA method. A risk catalog represents a structured compilation of potential project risk events. Nevertheless, the benefits of the risk catalog are also limited.

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PM Basics

SEPTEMBER 8, 2022

It is hard to imagine what you can do with a project risk. What can you, as a project manager, do to mitigate a risk? Adding some risk reserves and removing requirements from the scope are not the only options. I want to share some stories of risk management with you. List of Risk Management Examples in This Article.

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Risk Management Risk Underperforming Technical Team Technical Review 52

The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

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Kiron Bondale

JANUARY 23, 2022

If a team possesses a high level of psychological safety, does this increase the likelihood that one of its members might feel safe taking a risk which goes beyond the risk tolerance of the team, the line of business or the organization as a whole? Provide examples of what is and isn’t safe to do.

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Rebel’s Guide to PM

APRIL 22, 2024

I’m sure you can think of some poor resource management examples. I suggest adding the relevant ones to your risk log so they are constantly under review. Resource risk is not considered People go off sick or are unavailable at short notice and this isn’t factored into the plans. Worth having on your risk register!

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Technical Review PMO Risk Management Software Review 280

Scrum.org

NOVEMBER 22, 2022

Real-life risk-taking is different from theory. For instance, in the coin-flipping example, any sensible individual would think there must be something rigged in the game. We would just adapt our risk-taking strategy accordingly. Long story short, in real-life risk-taking situations “experience trumps theory”. 1.95m each?

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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

Rebel’s Guide to PM

JANUARY 6, 2022

This article first appeared at Rebel's Guide to Project Management. That’s how to become a project manager in a nutshell, but in this article I’ll explain three routes to entering the profession and share the stories from 5 people who chose project management as their career. Project management skills required for your first job.

Technical Review 276

Technical Review 2022 Certification Prince2 276

Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

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Risk Management Risk Cadence 2023 79

MPUG

APRIL 26, 2021

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Some were taken, but most ignored or overlooked because of other projects and lack of understanding of risk management at an organizational level.

Governance 122

Governance Government Risk Management Risk 122

Rebel’s Guide to PM

OCTOBER 14, 2019

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

Risk Management 247

Risk Management Risk Technical Review 2015 247

Kiron Bondale

JUNE 14, 2020

I’ll admit to being hyperbolic with the title of this article, but a question posed today in one of the project management LinkedIn discussion groups managed to sidetrack what I was intending to write about this week. The author asked what needs to be considered when planning risk responses.

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Risk Risk Management Influencer Governance 207

Planio

FEBRUARY 12, 2024

In this guide, we’ll go deep into what a competitive analysis should include and then provide a step-by-step guide (including examples and templates) to help you create your own. If you’re a founder, product strategist, or team leader looking to beat the competition and deliver for your customers, this article is for you!

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Underperforming Technical Team Technical Review Estimate Influencer 88