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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Create a Collaborative Project Team Environment 3. Optimize Risk Responses 11. Table Of Contents. Focus on Value 5.

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How to manage team conflict (& 5 strategies for conflict resolution)

Rebel’s Guide to PM

And project managers contribute hugely to that because we go out and look for it. We challenge leaders, we talk about risk and what might go wrong and we call people out on poor performance through project monitoring and control. What is team conflict? You could say we go looking for trouble.

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How to Overcome 12 Common Requirements Mistakes

Project Risk Coach

Or perhaps your team said they had gathered the requirements, but in reality, the team had hastily rushed through the requirement process resulting in rework, missed deadlines, and another blown budget. No requirements management plan. Poor requirements change process. How will you manage requirement changes?

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How to Cash In on Project Opportunities

Project Risk Coach

Some project managers have a defensive mindset. 3 Is an Opportunity a Risk, Really? Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Consequently, these project managers and team members fail to take advantage of these upside risks. Table Of Contents.

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The What, Why, & How of Risk Appetite

Project Risk Coach

A project manager makes decisions based on their risk perspective. However, the project manager may miss the mark. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? Let’s look at this definition closer.

Risk 195
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Project Requirements: The What, Why, and How

Rebel’s Guide to PM

Stick with me, and we’ll explore what project requirements are, why they’re important, and some tips for developing good ones. By understanding and documenting the project requirements, you can ensure that the project is completed on time, within budget, and meets the expectations of the stakeholders.

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Project Controls: A Quick Guide

ProjectManager.com

If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. In project management, project controls address the following: Project strategy.