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

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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Risk Management Risk Process Underperforming Technical Team 104

ProjectManager.com

MARCH 14, 2018

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. Throughout these project phases there is a need to constantly monitor and report, which is where project management tools come in. Monitor and Control.

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Process Monitoring Executing Closing 402

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

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

Project Risk Coach

FEBRUARY 4, 2019

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

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Controlling Risk Technical Review Performance Measurement 199

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

ProjectManager.com

FEBRUARY 27, 2024

You can even use project planning templates to help you manage your project, track progress and risks. They provide you with a consistent project documentation process, which can then be archived and retrieved to inform future planning. Included is a risk log and the process you’ll use for change management to avoid delays.

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Planning Software Review Risk Management Budget 364

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

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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Risk Management Risk Cadence 2016 88

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

Planview

JULY 29, 2021

Risk management is one of the core project knowledge areas, an essential and ongoing process which can be described as the methodical process of identification, analysis and response to project risks involving several major phases which are similar to all projects. The Risk Analysis Process in Project Management.

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Risk Management Risk Process Influencer 78

Resource Guru

APRIL 13, 2023

Monitoring and controlling a project is an essential part of any successful project process. So come with us as we go down the rabbit hole of monitoring and controlling, and show you just how important it really is. In this article, we’ll cover: What is monitoring and controlling in project management?

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Monitoring Controlling Project Life Cycle Software Review 52

Rebel’s Guide to PM

SEPTEMBER 24, 2023

Because PRINCE2® is a broad-brush approach, it doesn’t cover technical processes or specific techniques, but it will fit alongside them. You should look at what happened on past projects because that helps mitigate risk on your current project. It’s a predictive methodology, although PRINCE2 Agile ® allows for agile frameworks.

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Prince2 Technical Review Governance Government 358

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

Project Risk Coach

AUGUST 27, 2018

In this article, we will look at how to conduct a risk audit to evaluate the effectiveness of your risk management. Additionally, we'll also talk about how to be more forward thinking through risk reviews. Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.”

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Risk Risk Management Controlling Closing 186

Project Risk Coach

SEPTEMBER 12, 2022

In this article, let's examine why the new PMI® Standards matter and what to look for in your PMI-RMP® training. Simply put, PMI® did not use the Standard for Project Risk Management (2009) or the PMBOK® Guide, Sixth Edition (2017) to validate the exam. Why Take the Risk? In December 2021, PMI® conducted a pilot of the new exam.

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Project Pulse Journal

NOVEMBER 18, 2023

Can you truly have a well-monitored project and a motivated team working harmoniously? Explore the world of project monitoring and controlling , where we'll guide you through project oversight without overwhelming your team. This article will help you balance diligent project monitoring and foster a less stressful team environment.

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Monitoring Controlling Technical Review Software Review 40

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

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Risk Management Risk Agile Technical Review 98

Rebel’s Guide to PM

JULY 22, 2023

It’s helpful to have a decision-making process or framework to guide you, especially when faced with complex problems that require additional info from others. In this article, I will provide more detail on a framework for making better decisions in an effective, rational and ethical way. Let’s look at each of those in more detail.

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Software Review Monitoring Risk Management Governance 303

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.

Risk Management 78

Risk Management Risk Software Review Governance 78

ProjectManager.com

APRIL 5, 2024

A maintenance schedule is the process by which maintenance departments plan, organize and coordinate the activities involved in equipment maintenance to make sure that everything is working properly. To better understand the process, we’ll focus on one piece of equipment: the conveyor belt. What Is a Maintenance Schedule?

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Manufacturing Construction Software Review Healthcare 317

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.

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Governance Government Risk Management Risk 122

ProjectManager.com

MARCH 31, 2023

Deliverables can be both the result of the project itself, but also the results of the process of the project, such as the project plan , reports or other documents. Monitoring & Controlling: To ensure the project is proceeding as planned, you need to set up mechanisms for monitoring progress.

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Project Life Cycle Software Review Monitoring Budget 403

Project Risk Coach

OCTOBER 18, 2021

Let's look at the PMI-RMP Pilot Exam process, what's different in the exam, the Pilot Exam Content Outline, and how to apply. Moreover, the exam is being updated with terms and concepts that are in alignment with the PMBOK® Guide and the new Risk Standard. Related article: The Practice Standard for Project Risk Management.

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PMI 2021 Certification 2022 221

Leading Answers

JANUARY 16, 2021

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

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Risk Underperforming Technical Team 2006 2012 145

Rebel’s Guide to PM

MAY 2, 2022

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. Consideration #2: Managing complex risk is all about balance. Portfolio management has a strong relationship with risk.

Technical Review 355

Technical Review Risk Management Governance Government 355

Rebel’s Guide to PM

AUGUST 7, 2023

While they may appear similar at first glance, there are key differences in how each process should be approached – understanding these differences will help you make more informed decisions! Let’s explore both processes as well as their similarities and differences. What is problem solving? That does make it sound easy.

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Technical Review Monitoring Consulting Development Team Review 327

PM Basics

DECEMBER 19, 2022

Stakeholder management is a set of processes and tools where you identify, understand, and engage with your stakeholders, to manage their expectations, needs and feelings. This article explores what stakeholder management is. PMI’s PMBOK Guide Processes Real World Activities 13.1 What Is Stakeholder Management?

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Process Software Review Energy Influencer 111

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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Aerospace Risk Management Engineering Risk 98

Wrike

JANUARY 30, 2024

For ambitious companies, the solution lies in process improvement, a method of bettering your processes and aligning them with your business growth strategy. In this article, we will delve into the art of process improvement, which, if done correctly, can take your organization to unprecedented heights.

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Process Lean Manufacturing Technical Review 60

MPUG

NOVEMBER 7, 2022

I got introduced to formal project management processes through Rational Unified Process (RUP) in the year 2000. While learning RUP, I learned about project management processes, project lifecycle, and phases. There is a fundamental difference between process groups and phases. Five Process Groups of Project Management.

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Project Life Cycle Process Construction Closing 103

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. Identifying, analyzing, prioritizing, engaging, and monitoring stakeholders. Monitor Stakeholders Your stakeholders will change over time. What is the Stakeholder Performance Domain?

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Risk Management Executing Risk Monitoring 221

Rebel’s Guide to PM

DECEMBER 21, 2022

It wasn’t until I worked in IT as a project manager that I had a lot of contact with the release management process. My software projects needed releasing, so we had to follow the formal process and engage with the release manager to make sure that the bug fixes and new features got pushed to the production environment in a controlled way.

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Technical Review Software Review Cadence Software Developers 425

ProjectManager.com

JANUARY 26, 2024

If you opt for the business edition, you can set rules to automate processes. Microsoft Project also offers a team dashboard to monitor progress. Manage Project Resources and Risks If you’re looking for risk management features on Asana, good luck. Use our workload chart to monitor team allocation.

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Software Review 2024 Aerospace 2008 319

ProProfs Project Management

MARCH 18, 2020

In simple terms, the Project Management process is the art of managing all components of a project from starting to closure using a structured scientific methodology. Let’s learn about the whole process while discussing 5 project management steps of a project life cycle. The processes in this phase are: . Initiating.

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Process Project Life Cycle Development Team Review Risk Management 99

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? Logs and registers.

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Logistics Artificial Inteligence PMI Performance Measurement 509