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. Risk Management Implications What happens when the project environment is not conducive to collaboration?

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Risk Management Risk Technical Review Underperforming Technical Team 195

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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Proofhub

JANUARY 4, 2021

As you start your project, you need to take the initiative on the preparatory work, from preparing the scope, estimating the costs, assigning resources, and creating a project timeline, to getting sign-off on the key performance indicators. These things will dictate the way you initiate and manage your project from idea to conclusion.

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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 469

MPUG

APRIL 10, 2023

In this article, we will explore the importance of project initiation, cover best practices, and share 6 key steps for how project managers can get their projects started on the right foot. What is Project Initiation? Project initiation is the first phase of the project management life cycle.

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Project Risk Coach

FEBRUARY 7, 2022

In this article, we will explore why this happens and what it takes for PMOs to become strategic enablers. These conversations provide accurate insights into project performance, threats, and opportunities that can affect important strategic initiatives." The PMO can define programs and projects to support the strategic initiatives.

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PMO Underperforming Technical Team Risk Management Energy 457

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.,

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Risk Management Risk PMI Technical Review 268

Project Risk Coach

JULY 16, 2018

Known and unknown, internal and external, upside and downside—risks are woven into the fabric of every project. Project managers can waste a lot of time due to poor risk management. In today’s article, let’s look at seven things not to do when identifying project risks. However, risk waits for no one.

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Project Pulse Journal

NOVEMBER 12, 2023

Imagine initiating a project so effectively that it stays on track and aligns perfectly with organizational goals. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. In this article, we provide step-by-step tactics for " Initiating a Project " the right way.

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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.,

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Risk Management Risk PMI Technical Review 240

Rebel’s Guide to PM

APRIL 22, 2024

I suggest adding the relevant ones to your risk log so they are constantly under review. People will be assigned to lower priority work, meaning you don’t have the right skills or people available to work on your strategic initiatives. Worth having on your risk register! Below are some of the most common resource challenges.

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Technical Review PMO Risk Management Software Review 275

Rebel’s Guide to PM

FEBRUARY 13, 2023

Reduce and Uncover Risk 3. All projects have stakeholders, even the very smallest initiatives. Reduce and Uncover Risk “Good stakeholder management reduces some risks and makes other risks, which may otherwise by unnoticed, transparent,” Newton says. Your stakeholders can also help you identify new risks.

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Risk Management Finance Software Review Risk 433

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!

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Rebel’s Guide to PM

MAY 2, 2022

So is the general approach: a central administration oversees which projects are initiated, how many resources they receive and what they yield. In this article, you’ll learn the top 5 key considerations and knowledge areas under which the main criteria for managing a project portfolio can be grouped.

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Technical Review Risk Management Governance Government 350

ActiveCollab

JUNE 30, 2023

The first phase of any project is the initiation phase, where you lay the foundation for the entire endeavor. From defining your project objectives to identifying stakeholders and risks, the initiation phase sets the stage for success. WHAT IS PROJECT INITIATION?

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ProjectManager.com

MAY 15, 2024

Even project initiation gets attention, but project completion is usually mentioned as an afterthought. Project completion is the final phase of a project’s life cycle, which starts with initiation and moves through planning, execution, monitoring and controlling to project completion. That’s a mistake. What Is Project Completion?

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Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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Rebel’s Guide to PM

SEPTEMBER 24, 2023

You should look at what happened on past projects because that helps mitigate risk on your current project. You can tailor to fit the project’s: Size Importance Environment Team culture Risk Complexity. PRINCE2® fits in with the Management of Risk® guidance, also from Axelos. You’ll record your risks is a risk log.

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Project Risk Coach

JULY 5, 2022

In this article, we will explore this domain, why it's critical to projects, how to engage stakeholders, and some common stakeholder risks. Additionally, I create the initial stakeholder register. The post The Stakeholder Performance Domain appeared first on Project Risk Coach. What is the Stakeholder Performance Domain?

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Rebel’s Guide to PM

MARCH 14, 2024

In this article, we’ll go through what they mean and what you can expect to do in one of those roles. However, in this article, we’re focusing on people who predominately manage projects. For example: A Digital Project Manager will oversee projects to do with online initiatives, digital marketing, software, apps and so on.

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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. Artifacts are categorized in the PMBOK® Guide – 7 th edition into 9 different types and that’s what this article is going to look at. The article will be updated in due course. What is an artifact? Strategy artifacts.

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Logistics Artificial Inteligence PMI Performance Measurement 509

Scrum.org

JANUARY 29, 2024

See our article What is Iterative, Incremental Delivery? In this article, we'll explore - and debunk! Explanation: While breaking down tasks may seem time-consuming initially, it pays off in terms of better visibility, improved collaboration, and quicker identification of potential challenges.

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Rebel’s Guide to PM

MAY 27, 2022

Go through project initiation again (by yourself). Is there a project initiation document? Download the Project Initiation Checklist which is in our project management document resource library and get a head start. Review the risks. Look at what is in the risk register. A business case? What’s the plan?

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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

Rebel’s Guide to PM

SEPTEMBER 24, 2023

This article has been updated to be fully aligned to PRINCE2 7 (2023 edition). Close out anything outstanding in the risk register as well. Evaluate the project This provides the opportunity to review the project’s original intent as agreed back in the initiation stage, against what was actually accomplished.

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Rebel’s Guide to PM

MARCH 12, 2022

For simplicity, and because the UK government uses the terminology of gate review, that’s what I’m going with in this article. Risk management. Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. Benefits of gate reviews. Stakeholder engagement.

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MPUG

AUGUST 21, 2023

Thinking About Risk… Do you thrive in uncertainty? Projects can reflect very different attitudes toward risk management. By gauging the risk appetite of stakeholders, a Project Manager can understand the relative importance of achieving or missing specific project or work stream objectives. Or do you have a Plan B, C, D, and E?

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MPUG

MARCH 16, 2020

Most people hear “project risk” and they think of an adverse event or threat that may occur. Regardless, the term carries a negative connotation, but this common belief means you may be missing out on positive risks or opportunities that potentially have a beneficial effect on your project’s deliverables and goals. Moving to The Cloud.

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Rebel’s Guide to PM

APRIL 8, 2022

We have forecast and actual dates, timesheets, budgets, databases of lessons learned , risks, issues and changes. A version of this article first appeared in Business & Industry in 2019. This article first appeared at Rebel's Guide to Project Management. Give us more data. Projects generate huge amounts of data.

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Rebel’s Guide to PM

SEPTEMBER 24, 2023

The 7 tolerances in PRINCE2® The two most frequently used tolerances are budget and time, although PRINCE2® offers you a choice of seven tolerances: time, cost, scope, risk, quality, sustainability and benefits. For example, let’s say the financial value of all the project risks should not exceed 5% of the project budget.

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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). Risk Management Plan Template.

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Risk Management Risk Planning Technical Review 105

Rebel’s Guide to PM

OCTOBER 10, 2022

They also are the main risk-taker and decision-maker on the project so it’s important to have them around. It’s made up of lots of sub-plans that cover how you are going to manage quality, risk, change, resources, and so on, so it’s the foundations for the governance and structure for the work. You have a plan. Further reading.

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MPUG

NOVEMBER 28, 2022

For most of us, risks and risk management are a part of everyday life. From the time we wake up to the time we settle in for sleep at night, our days are filled with making decisions both big and small that help us manage and prevent potential risks. Essentially, we’re all risk management pros, whether we know it or not. .

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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. Artifacts in the PMBOK Guide – Seventh Edition Artifacts are categorized in the PMBOK® Guide – Seventh edition into 9 different types and that’s what this article is going to look at. What is an artifact?

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Logistics Artificial Inteligence PMI Performance Measurement 253

Rebel’s Guide to PM

APRIL 12, 2022

In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple projects The top tools for prioritizing work day-to-day. The other project at the time was in the initiation stage with an external customer in partnership.

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Underperforming Technical Team Software Review Risk Management Engineering 366

Project Risk Coach

JULY 18, 2022

In this article, I will present five questions that I answer with new team members in the onboarding process. What are the project’s greatest risks? Not only should project managers provide the background and context of the project, but wise project managers share the most significant risks with new team members.

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Epicflow Blog

MARCH 2, 2020

Written by Art Petty, this article proposes 8 tips for managers to become better decision-makers. The author suggests that a leader should: Give more space and opportunities for initiatives to their team members, as any action is the result of a decision. The post Top 7 Leadership Articles: Winter Edition appeared first on Epicflow.

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