Blog, Defining, Process and Risk Management

The Risk Management Process in Project Management

ProjectManager.com

FEBRUARY 26, 2021

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project.

Risk Management

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Defining & Implementing Approval Workflows

ProjectManager.com

NOVEMBER 1, 2022

An approval workflow can help ensure quality and it can even streamline processes when it’s part of a larger automated workflow. After learning the definition, you can choose the one that will be best for your processes. That leads to defining who those approvers are in the workflow. Process Approval Workflow.

Defining

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

NOVEMBER 28, 2023

There are many things that are needed when managing a project. Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. What Is an Organizational Process Asset? But there are also tangible items that are just as important.

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The Project Clinic: Assessing Project Health, Planning, and Execution

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8 Free Risk Management Templates for Excel

ProjectManager.com

JANUARY 24, 2023

If there’s one thing you can be certain of when managing a project, it’s change. Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. However, templates can only do so much.

Risk Management

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IT Service Management (ITSM): Frameworks, Processes & Phases

ProjectManager.com

OCTOBER 24, 2023

Information technology (IT) involves the use of computers, digital storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange electronic data. IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them.

Process

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Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

MAY 7, 2023

Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. One key tool to success is understanding how to use organizational process assets effectively. But what is an organizational process asset (OPA)? What are Organizational Process Assets?

Process

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Construction Risk Management: An Introduction

ProjectManager.com

AUGUST 13, 2021

There is heavy equipment, crews working in precarious situations and complicated logistics to manage. How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan.

Construction

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Process Manufacturing: Definition, Benefits and Examples

ProjectManager.com

SEPTEMBER 12, 2023

This is called process manufacturing and is a production method that’s common when producing in bulk. To better understand process manufacturing, let’s first define the term and explore the different types of process manufacturing. What Is Process Manufacturing?

Manufacturing

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Resource Management: Process, Tools & Techniques

ProjectManager.com

MARCH 8, 2022

Resource management is one of the most important aspects of project management. That’s because projects need resources and those resources must be managed. What Is Resource Management? Resource management is the process of planning, scheduling and allocating resources to complete a project.

Process

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Process Implementation: A Quick Guide

ProjectManager.com

FEBRUARY 15, 2023

As a business grows, it needs to look at new processes or ways to improve the processes it has in place. Whatever the objectives, process implementation is how they achieve these goals. If you’re looking to improve your business processes , you need to know what process implementation is and why it’s so important.

Process

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The Production Process: Steps & Types

ProjectManager.com

AUGUST 22, 2023

Getting a product from an idea to the marketplace is a long journey that’s mapped in the production process. Another way to look at the production process is as a series of detailed steps that take you from one point to the next until you’ve completed the process. What Is a Production Process?

Process

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Risk Response Plan in Project Management: Key Strategies & Tips

ProjectManager.com

OCTOBER 20, 2021

There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. It’s no wonder so much of project management is focused on risk! What is a Project Risk? Negative risk?

Risk Management

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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

JUNE 1, 2022

Project management is methodical, but change is not. If changes are requested, the change control board shows how those changes are managed with the least amount of disruption to the project’s plan. A change control board includes representatives of the relevant functional areas of the project in addition to the project manager.

Controlling

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The Budgeting Process in Business & Project Management

ProjectManager.com

JUNE 6, 2023

There’s one thing that all businesses have in common with project management: money. Without funding and the proper budgeting process, projects in any industry grind to a halt. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget. Budgeting is how those funds are spent.

Budget

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Project Management Process Groups: A Quick Guide

ProjectManager.com

NOVEMBER 19, 2021

To keep to your schedule and manage costs, you need to gather and process project data throughout the five PMBOK project management groups. What Are the 5 PMBOK Project Management Process Groups? Project managers use the five project management phases to structure projects and lead them from beginning to end.

Process

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Unlocking ITIL4: Defining Value and Navigating Career Growth

The IIL Blog

MARCH 5, 2024

Ultimately, you’re probably already measuring the performance of your processes and the services you provide, and you can use those same measures to see if there is any improvement, any increase from the baseline or history of metrics you’re working from. Volume and duration of major incidents Volume of failed changes The list could go on.

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What Is Contract Administration? Key Practices and Processes

ProjectManager.com

MAY 21, 2021

Contract administration is the process of creating a contract between employer and contractor. The process ends when the contract is agreed upon and everyone has signed the dotted line. Execute your construction contracts flawlessly with project management software. Analyzing risks. What is Contract Administration?

Process

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Production Control: Process, Types and Best Practices

ProjectManager.com

APRIL 11, 2023

Once the production line is in action, managers need to keep a close eye on what’s happening to ensure they’re meeting the production schedule and delivering goods on time to retailers. Production control is the way that managers keep track of the work being done in the manufacturing facility. What Is Production Control?

Controlling

Controlling Process Manufacturing Software Review

The 7 Best Blog Posts on Project Management in 2018

ProjectManager.com

DECEMBER 27, 2018

Project management is thriving. We’re just happy to help people manage their projects with our project management software , blog posts and videos that offer practical solutions to things like time management, using resources more effectively and managing teams. The 7 Habits of Successful Project Managers.

2018

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What Is a Project Sponsor? Defining This PM Role

ProjectManager.com

AUGUST 27, 2019

While they don’t manage the day-to-day operations of a project, they are above the project manager in terms of project hierarchy. According to the Project Management Body of Knowledge (PMBOK), the project sponsor is “a person or group who provides resources and support for the project, program or portfolio for enabling success.”.

Defining

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Managing Project Assumptions and Risks

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

Project Management Processes & Phases

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. Phases of Project Management. In project management there are five phases: initiating, planning, executing, controlling and closing.

Process

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What Is Program Governance? Importance & Benefits

ProjectManager.com

DECEMBER 26, 2023

Program governance is a critical component to successfully managing a program of projects. Program governance is a practical way for an organization’s program to deliver success by guiding it and providing good management. Program management software is essential to proper program governance. What Is Program Governance?

Governance

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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. This is done by using a project management maturity model. What Is Project Management Maturity?

Underperforming Technical Team

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Unraveling the Causes of Troubled Projects: A Closer Look

Project Risk Coach

JUNE 4, 2023

In the world of project management, troubled projects can be a source of frustration, stress, and disappointment for both teams and stakeholders. In this blog post, we will explore some of the key factors that can lead to project trouble and discuss strategies to mitigate their impact.

Risk Management

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12 Free Project Planning Templates for Excel and Word

ProjectManager.com

FEBRUARY 27, 2024

Project planning is one of the first and most important aspects of project management. Project management software does more than a static Excel or Word template, but using these free 12 project planning templates for Excel and Word is a decent substitute. Project planning templates are part of project management.

Planning

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How to Create a Timeline in Excel (Free Templates Included)

ProjectManager.com

APRIL 16, 2024

In this blog, we’ll go through each step needed to create a timeline in Excel and explain the advantages and disadvantages of doing so. Get your free Timeline Template Use this free Timeline Template for Excel to manage your projects better. Define the Length of the Timeline First, think about the best scale for the timeline.

Software Review

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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

MAY 16, 2024

Then we’ll explore scenario planning in business and project management before explaining the steps that must be taken to use this process. By using regular and consistent scenario planning, organizations can better allocate resources successfully, mitigate risk and decrease production costs. What Is Scenario Planning?

Planning

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How to Make a Control Plan in Manufacturing

ProjectManager.com

JUNE 6, 2024

A control plan is a document describing everything from measurements, inspections, quality checks or monitoring process parameters required at each phase of a process to ensure that the process outputs conform to the requirements. A control plan is more efficient when scheduled in project management software.

Manufacturing

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Shop Floor Management: Planning, Scheduling and Control

ProjectManager.com

MAY 29, 2024

Manufacturers are no different, except in the areas in which they seek to standardize and streamline their production processes. For those new to the term, let’s first define its parts, such as what is a shop floor and a shop floor plan. Before understanding shop floor management, it’s important to know what a shop floor is.

Controlling

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Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

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?

Aerospace

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How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

MARCH 22, 2024

Payment is determined in the contract process, which includes the contractor payment schedule. This contractor payment schedule is defined in the construction contract and sets pay over regular intervals across the project schedule. Terms: Define the payment terms, as in any penalties or invoicing requirements.

Construction

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

APRIL 19, 2024

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

SCRUM

SCRUM Manufacturing 2001 Agile

How to Make a Maintenance Schedule (Template Included)

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. Project management software can help organizations keep to their maintenance schedule. What Is a Maintenance Schedule?

Manufacturing

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Tactical Planning: Creating a Tactical Plan for Your Business

ProjectManager.com

JANUARY 2, 2024

This concept is an important part of project portfolio management (PPM) and project management offices (PMOs). To organize and manage this process, businesses employ project management techniques and tools, such as project management software. Operational planning is done by the lower layer of management.

Planning

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IT Incident Management: How to Manage IT Incidents

ProjectManager.com

NOVEMBER 9, 2023

When working in information technology (IT), an incident can shut down a network or server and stop work, which is why IT incident management is so important. Before we go into the process of IT incident management, let’s first understand what the term IT incident means and how IT incident management is defined.

Software Review

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Kanban in Manufacturing: Main Uses & Benefits

ProjectManager.com

MARCH 27, 2024

To further illustrate kanban in manufacturing, we’ll show a visual example of it at work and outline the key advantages of using this scheduling system as well as how project management software can advance its benefits. Kanban is a visual method for managing workflow and production. What Is Kanban?

Manufacturing

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How to Make a Construction Phase Plan (Templates Included)

ProjectManager.com

OCTOBER 20, 2023

The construction phase plan is a critical construction project management document that helps to ensure a safe project. Before explaining how to make a construction phase plan, let’s first define the term and note some of the many reasons why one should use it. Get started with ProjectManager today for free. Learn more.

Construction

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What is project scope? (Plus 7 steps to help you define project scope)

Resource Guru

JANUARY 17, 2023

As project managers, defining and planning projects is what we do. What is scope in project management? What is scope in project management? Simply put, a project scope defines all the work and considerations required to deliver a specific outcome. Key benefits of a scope statement in project management.

Defining

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10 Steps for Successful Project Completion (Templates Included)

ProjectManager.com

MAY 15, 2024

Project planning, execution, monitoring and controlling are often the focus of project management. Organizing project documentation and final activities can be done more efficiently with the same project management software used to plan, execute and control the project. That’s a mistake. Every phase of a project is important.

Project Life Cycle

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A Quick Guide to Project Charters: Definition, Steps & Key Elements

ProjectManager.com

FEBRUARY 3, 2022

If you’re new to project management , a project charter template can set you up to make sure you’re hitting all the major points. It begins the process of defining the roles and responsibilities of those participants and outlines the objectives and goals of the project. It should define these three main points.

Risk Management

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Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

MARCH 12, 2024

Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them. To help with this process, we’ll define resource requirements and link to a free resource plan template. What Are Resource Requirements in Project Management?

Software Review

Software Review Estimate Defining Budget

Project Monitoring and Control: Tools & Steps

ProjectManager.com

JUNE 28, 2023

Projects are divided into phases to make them more manageable. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. There are five phases in the project management process: initiation, planning, execution, monitoring and controlling and closing.

Monitoring

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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

MARCH 31, 2023

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is Project Management? Get started for free today.

Project Life Cycle

Project Life Cycle Software Review Monitoring Budget

The Risk Management Process in Project Management

Defining & Implementing Approval Workflows

Webinars

Trending Sources

Organizational Process Assets: Definitions, Examples & Templates

Webinars

8 Free Risk Management Templates for Excel

IT Service Management (ITSM): Frameworks, Processes & Phases

Organizational Process Assets: What does that even mean?

Construction Risk Management: An Introduction

Process Manufacturing: Definition, Benefits and Examples

Resource Management: Process, Tools & Techniques

Process Implementation: A Quick Guide

The Production Process: Steps & Types

Risk Response Plan in Project Management: Key Strategies & Tips

Change Control Board: Roles, Responsibilities & Processes

The Budgeting Process in Business & Project Management

Project Management Process Groups: A Quick Guide

Unlocking ITIL4: Defining Value and Navigating Career Growth

What Is Contract Administration? Key Practices and Processes

Production Control: Process, Types and Best Practices

The 7 Best Blog Posts on Project Management in 2018

What Is a Project Sponsor? Defining This PM Role

Managing Project Assumptions and Risks

Project Management Processes & Phases

What Is Program Governance? Importance & Benefits

Measuring the Project Management Maturity of Your Organization

Unraveling the Causes of Troubled Projects: A Closer Look

12 Free Project Planning Templates for Excel and Word

How to Create a Timeline in Excel (Free Templates Included)

Importance of Scenario Planning and Analysis in Business

How to Make a Control Plan in Manufacturing

Shop Floor Management: Planning, Scheduling and Control

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

How to Make a Contractor Payment Schedule in Construction (Template Included)

Kanban vs. Scrum: What’s the Difference?

How to Make a Maintenance Schedule (Template Included)

Tactical Planning: Creating a Tactical Plan for Your Business

IT Incident Management: How to Manage IT Incidents

Kanban in Manufacturing: Main Uses & Benefits

How to Make a Construction Phase Plan (Templates Included)

What is project scope? (Plus 7 steps to help you define project scope)

10 Steps for Successful Project Completion (Templates Included)

A Quick Guide to Project Charters: Definition, Steps & Key Elements

Resource Requirements in Project Management: A Quick Guide

Project Monitoring and Control: Tools & Steps

Project Management Basics: Definitions, Methods and Tools

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