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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. This edition is a principles-based guide as opposed to the process-based guide of the Sixth Edition. In this article, let's look at each principle and why each one matters with respect to managing risks.

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Project Management and Leadership – can you have one without the other?

Rebel’s Guide to PM

Project management is a field that is becoming increasingly valued within both large and small organizations – our project management training has never been so much in demand! Companies tend to adopt a project management method such as PRINCE2® to ensure that everyone works to the same framework. So what are the differences?

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Risk Management Process Explained (+resources, templates)

PM Basics

I’ve been managing software development projects for more than 11 years. 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. You’ll get the whole risk management process below.

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Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

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.

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Managing Project Assumptions and Risks

The IIL Blog

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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Susanne Madsen on Project Leadership [Interview]

Rebel’s Guide to PM

When I read Susanne Madsen’s book, The Power of Project Leadership. Often we think that leadership is about character and attitude (read my take on the traits of good leaders here ) and forget that you can actually practice being a better leader by coaching yourself in the right behaviors. I was struck by how practical it was.

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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.