Project Management Processes & Phases

ProjectManager.com

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. At first, the concept of the project management process and its practical adaption can seem a little daunting, but this article will give you everything you need to set up PM processes and phases at your business. Phases of Project Management.

7 Ways to Identify Risks

Project Risk Coach

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. Often project managers start with a splash. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. However, the risks are never discussed again. What happens when project managers and their team fail to identify risks in an iterative fashion?

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How to Select Your Risk Responses

Girl's Guide to PM

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. A risk response is the way you intend to address the risk. Risk Response Strategies for Threats. Risk Response Strategies for Opportunities.

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Agile Maturity & Change Management: 3 Steps for Achieving Executive Buy-In

Lindsey Marymont

Agile Portfolio Management. Project & Portfolio Management. Professional Services Portfolio Management. Agile Maturity & Change Management: 3 Steps for Achieving Executive Buy-In. Proactive project and resource management. Who will facilitate the process?

How to Actually Define Risk Categories

Project Risk Coach

Tom is the program manager for a large, complex program comprised of eight projects. He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories? Risk categories allow you to group individual project risks for evaluating and responding to risks.

A Deep Dive into Risk Matrix Reporting

MPUG

For example, in project management you have data such as planned start, planned cost, planned story points, total number of risks, etc. I’m referring to things such as start variance, cost variance, and the number of high priority vs number of low priority risks. Management practitioners call the information reports , which in turn, facilitate effective communication. In this article, we will learn about one particular report, the Risk Matrix Report.

How to Unite Enterprise and Project Risk Management

Project Risk Coach

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. These same organizations may have program and project managers managing scores of projects. However, few organizations have yet to actually unite the enterprise and project risk management efforts.

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How To Help Your Team Manage Project Risk

Girl's Guide to PM

A project manager’s job isn’t just about managing the work. Part of a resource management plan is to build the skills of your team. However, you should also consider how good they are at doing the work of projects – project management. Yes, overall project management is your job, but why not make your life a little easier by helping your team members understand how they can be better at getting the project done? Risk management is a great example.

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How to Conduct a Risk Audit and a Risk Review

Project Risk Coach

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.” -Dr. How to Conduct a Risk Audit. Who Performs the Risk Audits? ” Review the effectiveness of the responses to risks.

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Project Management Process & Phases

ProProfs Project Management

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. — Project Management Institute. 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.

How to Unite Enterprise and Project Risk Management

Project Risk Coach

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. These same organizations may have program and project managers managing scores of projects. However, few organizations have yet to actually unite the enterprise and project risk management efforts.

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The Battle Between Process and Progress

Girl's Guide to PM

As Project Managers, we’re all familiar with process. In fact, sometimes it can feel as if a project manager’s world is but a never-ending universe of interlocking processes and procedures. But what happens when the need to follow organisational process inevitably conflicts with making project progress? After all, project managers are not process monkeys. We are not process workers, production line operations – or trained gerbils.

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How to Right-Size Your Risk Management Plan

Project Risk Coach

One reason a project manager may have a bad reputation is bloated project plans. While I’m a fan of planning, let’s use some common sense and right-size our risk management plans. A risk management plan for the Mercedes-Benz Stadium will be much larger than a plan for a Southern Living Idea House. Why is that some project managers have over or undersized risk management plans? Risk management plans typically include: Project risk background.

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Lift Positive Risk-Taking

MPUG

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. When you are presented with a risk (and most projects have inherent positive risks), don’t try to avoid it. Articles positive risk

30 Quick Risk Evaluation Tips

Project Risk Coach

” In this article, I share 30 risk evaluation tips to help you tap into your genius. One of the top reasons for evaluating risks is to determine which risks are most significant. Always perform the qualitative risk assessment. Determine if organizational assets such as a risk register template and probability/impact rating scale are available to jump-start your evaluation. Be sure to update the risk register each time you evaluate your risks.

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How to Right-Size Your Risk Management Plan

Project Risk Coach

One reason a project manager may have a bad reputation is bloated project plans. While I’m a fan of planning, let’s use some common sense and right-size our risk management plans. A risk management plan for the Mercedes-Benz Stadium will be much larger than a plan for a Southern Living Idea House. Why is that some project managers have over or undersized risk management plans? Risk management plans typically include: Project risk background.

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12 Questions for Monitoring Project Risks

Project Risk Coach

Some project managers start their projects with a strong focus on risk management. In this article, I am providing questions that can help you in monitoring project risks and as a result, achieve better results. Other project managers start out strong and stick with their risk management. When problems occur, they turn to their risk response plan. They run toward their risk management tools and techniques to aid them.

12 Questions for Gaining Control of Your Risks

Project Risk Coach

Are you a project manager who focuses on gaining control of your project risks? Some project managers start their projects with a strong focus on risk management. Other project managers start out strong. When problems occur, they turn to their risk response plan. They run toward their risk management tools and techniques to aid them. The result: these project managers spend less time responding to issues.

Business Process Improvement: What it is and How to Implement it

nTask

According to surveys conducted, as of 2016, 66% of enterprises run a business process improvement program occasionally or never. Of the 20% that undertake process improvements , 5% record little to no success, 28% experience success limited to individual departments but do not record enterprise-level success, and 19% experience success after significant difficulties. What is Business Process Improvement? Generally, business processes can be divided into three key types.

5 Tips for Better Decision Making (With Process)

Girl's Guide to PM

Get it On the next screen you'll also have the option to subscribe to the GirlsGuideToPM.com newsletter with weekly(ish) project management tips. Something you can do to make decision making easier is to have a process for it. A process helps you step through the different options to give yourself confidence that you’ve covered all the angles and are ready to make the decision. The Decision Making Process. Project Management Skills

7 Things You Should Not Do When Identifying Project Risks

Project Risk Coach

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. Dan the project manager just kicked off a new project, adding stress to his life. He was already managing three projects. However, risk waits for no one.

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Risk Response Strategies: Full Roundup

Online PM Courses

Risk response strategies are the basic ways you can handle project risks. They are also also one of the areas of project management practice that the PMI updated in the 6th Edition of its Project Management Body of Knowledge (PMBoK ? ). So, it seems like a good time to look at this vital aspect of project management in some detail. Introducing Project Risk Management. ’ This video introduces a four-stage risk management process.

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Seven Aspects of Project Risk in 2020

Strategy Execution | PMO Perspectives

Ahead of its January meeting in Davos, the World Economic Forum published its Global Risks Report 2020, based on the input of 750 experts and outlining the biggest risks faced by economies over the next 10 years [1]. Infectious disease was ranked as 10th biggest risk in terms of impact, and didn’t figure at all in the top ten by likelihood. And if the WEF didn’t see a risk coming, then what hope do we have? So, whose risk was this?

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How to Build a Robust Project Risk Culture [8 Steps]

Online PM Courses

A robust risk culture goes beyond having a strong basic risk management process. Some of my readers may hope to influence the risk culture of their whole organization. For you, the right aspiration is to build a positive risk culture within your project. As a Project Manager, that’s entirely within your scope. What is Risk Culture? How to Build a Robust Project Risk Culture. What are the Benefits of a Robust Risk Culture?

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Top 7 Leadership Articles: Summer Edition

Epicflow Blog

Leadership can’t exist without communication, and to manage people effectively and be followed, you shouldn’t stop doing your best at developing your leadership skills. In his article, Adam Roseman suggests using a system of managing remote teams.

The Project Manager’s Guide to Simple Risk Analysis

Online PM Courses

Risk analysis is both easy and hard at the same time. No project manager can get by without knowing how to analyze risk on your project. Risk is important, because it is baked into the nature of projects. Is it any wonder that one of the most quoted aphorisms in project manager is this, from Tim Lister: Risk Management is Project Management for Grown-Ups’ Where Does Risk Analysis Fit in? Risk Management Process.

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Project Management Collaboration Tools FAQ

Girl's Guide to PM

I ran a subscriber-only webinar a while back about trends in project management collaboration tools and the barriers to adopting new technology in a project environment. Read my 5 Step Expert Guide to Choosing Collaboration Tools before you meet any vendors, and work through that process.

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Things You Need To Know About Business Process Management

Project-Management.pm

Way back in the world of business industries, different forms of management were similar to one another in terms of roles or tasks like schedules and deliveries. Business Process Management was not an essential tool for project management since the latter has a set of alternative factors that can work on its own. It doesn’t take a genius to work it out that each stage of the project undergo different processes that are all at work to make the desired success happen.

Project Management Trends [2020]

Girl's Guide to PM

Project management is no different: we see trends come and go, or stay with us and develop over time. Recently I’ve been reflecting on what the shifts are and where that is taking us as project managers. There are some things that are coming that will have a fundamental impact on project management, if I am right. Here are the top project management trends for 2020/21 I think you should be watching out for. And this is a global project management trend.

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Are We Managing Risks on Our Tech Projects?

Brad Egeland

Managing risk is one of those afterthoughts for many of us. In reality, how much time – and on how many projects – do we actually sit down as a team (or as team and customer) and really plan for risk? Then brainstorm on potential risks.

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Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Experienced managers know the value of the ‘elevator view’, that is, knowing when to press the button for the top floor to look down at the bigger picture, and when to descend to the ground floor to get down ‘amongst the weeds’. At the ground floor our project managers provide assurance that their projects are on target to deliver, according to st ated objectives. Strategic Risk Management. But how important is the strategic leadership and alignment of risk planning?

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How To Do An Effective Project Selection Process?

Project-Management.pm

A stable and sturdy project management is one of the crucial factors to make a project process work. In the corporate world, an organization needs more than just top-notch tools and up to date process to bring the project to its full potential—it also needs a strong manpower, a human resource that has a particular set of skills and capabilities that will greatly contribute the entire organization. The Need for Risk Assessment.

Top 7 Leadership Articles: Winter Edition

Epicflow Blog

If the sales rate decreases, think over all the parties participating in this process. To understand the figures, there’s nothing better than talking to the heroes involved in the process of data production. The author suggests several tips for leaders to be fair-minded when managing their employees: . This process should also involve taking into account all related facts and data related to the disparities and their further investigation.

Risk Response Strategy (Definitive Guide with Examples)

PM Basics

How to select a Risk Response Strategy? But let me simplify it for you in this article. Here you will find examples of risk responses for both threats and opportunities. But there’s a catch: You may have a limited mindset in regards to dealing with risks. So, I would suggest you review examples of dealing with different risks on a real project first. Click here to read how I managed different kinds of threats. Project Risk Management Overview.

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15 Awesome Tools I Use To Manage My Projects

Girl's Guide to PM

Project management software tools are essential to manage projects efficiently. In this article I’ll share my top 15 project management tools that I use for managing multiple projects. In other words, even if you have no enterprise project management systems at work, you’ll still be able to put these tools to good use. This is the number one tool I use and I really couldn’t manage without it. Decode the Jargon of Project Management.

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The 30 Most Popular Project Management Articles from 2017

MavenLink

Project management is one of the most rapidly growing fields globally, because of its highly valuable application towards strategic business goal attainment. As a result, some of the most widely recognized technology and business publications are placing more focus on project management. We scoured the top online publications to find the 30 most widely read and shared project management articles. 8 common project management mistakes — and how to avoid them (CIO).

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Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

The Stage Gate Process gets too little love from Project Managers. Yet it has the potential to transform your project management, deliver more successful projects, and make you a better project manager. In a Stage Gate process, you break your project into stages, or phases. In this article, we look at why a stage gate process will enhance your project management, and how to make it work. What is a Stage Gate Process?

Do NOT Resolve Project Risks for Good Career Growth

MPUG

Having been a project manager for all of my working life and now a teacher of project management skills for more than a decade, I always tell my students to follow sound project management principles and to manage risks proactively. Proactive project risk management is integral part of project management. In fact, I think good risk management is half of project management. What is Proactive Project Risk Management?

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A

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12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. He skipped capturing his risks and conducting the risk reviews.

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