Remove Budget Remove Groups Remove Monitoring Remove Risk
article thumbnail

Project Management Process Groups: A Quick Guide

ProjectManager.com

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 management software helps project managers stay on top of each of these process groups. Monitoring and Controlling Phase.

Process 309
article thumbnail

Project Boards and Project Steering Groups: An Introduction

Rebel’s Guide to PM

These are all functions of a project board (or steering group). Strong leadership in projects is important for success, so getting your project board and/or project steering group set up as soon as you can is a good start. In other words, this is the group that takes the tough decisions. What is a project steering group?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Communicate Risks

Project Risk Coach

And one of the most important things to communicate is your risks. How do you communicate risks? Communicating Project Risks 1. We can’t manage expectations if we haven't identified the individuals, groups, and organizations who may impact your project or be impacted by your project. What is the risk?

Risk 418
article thumbnail

Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

Risk 451
article thumbnail

Project Health: How to Keep Your Project Healthy

ProjectManager.com

To understand what project health is let’s define it and the areas that should be monitored to make sure your project is healthy. As we’ll see in a moment, this requires a close monitoring of various elements of the project. ProjectManager has real-time dashboards to monitor the health of your project. What Is Project Health?

article thumbnail

What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

It can be a department in that organization or a group of professionals, either inside or outside the organization. They all share similar responsibilities, but one deals with an organization’s project and the other deals with either a program, a group of related projects or a portfolio of projects. What Is a PMO Director?

PMO 345
article thumbnail

Top 10 Project Management Qualifications

ProjectManager.com

Project planning is the second stage in project management, after initiation and before execution, monitoring and controlling and closing. Project Budgeting The project budget is what the project will cost to complete. Project budgets are estimated by project managers and then approved by the project client or stakeholders.