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14 Common Project Risks (+ more)

Rebel’s Guide to PM

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.

Risk 320
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Exploring the Benefits of an Agile Application Modernization Approach

Leading Agile

Vendors are dropping support of key technologies used by your application. Staffing for legacy technologies is increasingly expensive and difficult to find. You are at risk of a data breach. But time pressures, expediency, and tightening budgets make you opt for band-aids. Capabilities are enabled by technology.

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11 project risk examples: Watch out for these common pitfalls

Planio

Risk management is the art of anticipating potentially project-derailing dangers and putting actionable steps in place to minimize their impact. But the problem is that risks aren’t always obvious or apparent — until you’re knee-deep trying to slog your way out of one. Technology failure 6. Cost challenges and budget cuts 8.

Risk 88
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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. On the other hand, if an organization has underdeveloped management, the more likely that its projects will have trouble meeting deadlines and staying on budget.

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Review Mastering Project Uncertainty

Henny Portman

Possible techniques to use are project definition matrix, stakeholder mapping, player cards, benefits realization matrix, fit criterion, and budgeting. Scenarios uncertainty : plan, risk, problem, crisis, and measures. This book shows that problems creating project failure cannot only be found and solved by risk management only.

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Why do projects fail? (Includes examples!)

Rebel’s Guide to PM

The ones that hit the papers are often public sector projects because their audits and budgets are more open to scrutiny. This was largely due to the unforeseen increase in the cost of steel. It also cost ten times more than the original budget, finally coming in at £430 million. Instead, tax payers have footed the bill.

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Project Contingency: The Ultimate Guide

Rebel’s Guide to PM

You wouldn’t believe the number of project managers I speak to on mentoring calls who struggle to get their budget approved. If you’re wondering what budget contingency is, then you have come to the right place. Contingency can be defined as additional resources put aside to address potential risk and uncertainty in a project.