Project Risk Coach

JANUARY 3, 2022

In this article, I share 30 risk evaluation tips to help you tap into your genius. Use some of these tips to help you and your project teams determine which risks matter most. One of the top reasons for evaluating risks is to determine which risks are most significant. Always perform the qualitative risk assessment.

Risk 195

Risk Influencer Defining Budget 195

Rebel’s Guide to PM

FEBRUARY 28, 2022

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

Risk Management 276

Risk Management Risk Technical Review 2015 276

LiquidPlanner

MAY 24, 2023

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

Risk Management 158

Risk Management Risk Technical Review Budget 158

Rebel’s Guide to PM

MARCH 31, 2024

Projects always have certain constraints – there may be an urgency to complete a project because of external market factors, for example; or there may have to be tightly controlled costs because of a fixed or limited budget. The 6 project constraints are time, cost, scope (as per the triangle) and then quality, risk and resources.

Risk Management 359

Risk Management Budget Risk Sustainability 359

Rebel’s Guide to PM

MAY 28, 2018

A Project Steering Group is the oversight committee of a project. All projects should have one, but the make up of the group depends on your project. It’s generally acknowledged that having strong leadership is important for project success, so getting your Project Steering Group set up as soon as you can is a good start.

Governance 232

Governance Government Finance Risk Management 232

Rebel’s Guide to PM

JULY 22, 2019

Creating a project budget involves: being able to identify all the items that are going to cost money building a complete picture of what you need to spend getting approval for that amount. So it’s worth spending some time on making sure your budget is comprehensive. Direct costs are going to form the bulk of your project budget.

Budget 293

Budget 2014 Project Cost Finance 293

Project Risk Coach

DECEMBER 26, 2017

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. However, the risks are never discussed again. When to Identify Risks.

Risk 306

Risk Software Review Risk Management Energy 306

Project Risk Coach

JUNE 20, 2022

In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses. Risk Management Implications What happens when the project environment is not conducive to collaboration?

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

Planio

MARCH 11, 2024

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. Cost challenges and budget cuts 8. Project scope creep 2.

Risk 88

Risk Technical Review Risk Management Budget 88

ProjectManager.com

AUGUST 22, 2023

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. Risk Management A project risk is an unexpected event, which can be positive or negative.

Certification 357

Certification Leadership Risk Management Budget 357

ProjectManager.com

DECEMBER 6, 2023

Project Management Office (PMO) A PMO is an internal or external group, agency or department that’s responsible for defining and maintaining the standards of project management for a company. The main role of a project manager is to deliver the project on time, within budget and meeting quality expectations.

Planning 398

Planning PMO Manufacturing Logistics 398

ProjectManager.com

OCTOBER 6, 2023

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 347

PMO Software Review Governance Government 347

Rebel’s Guide to PM

OCTOBER 14, 2019

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

Risk Management 247

Risk Management Risk Technical Review 2015 247

Rebel’s Guide to PM

APRIL 5, 2024

All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. In other words, you can't 'do' schedule management and ignore what the impacts of that might be on people, risk , communications, cost and the rest.

PMI 205

PMI Risk Management Risk Technical Review 205

Velociteach

SEPTEMBER 11, 2023

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. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

Risk Management 79

Risk Management Risk Cadence 2023 79

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.

Risk Management 89

Risk Management Risk Cadence 2016 89

Project Pulse Journal

FEBRUARY 1, 2024

Shick, MSPM, PMP, CSM Pathfinding your way through the complex landscape of project risk can feel like navigating through a minefield. Whether unexpected budget escalation, unforeseen weather delays, or a global pandemic, project management is fraught with challenges that can derail even the most meticulously planned project.

Risk 52

Risk Artificial Inteligence 2023 2017 52

ProjectManager.com

DECEMBER 7, 2023

ProjectManager is award-winning project management software that has risk management features that can help you identify, plan and track enterprise environmental factors in your projects. Then you can track the progress in real time to ensure the project is delivered on time and within budget.

Underperforming Technical Team 342

Underperforming Technical Team Influencer PMO Governance 342

Kiron Bondale

FEBRUARY 20, 2022

Project management standards such as the PMBOK® Guide, Sixth Edition state that contingency reserves, which are established to offset the cost or schedule impacts of realized identified risks, are considered part of the project budget and cost baseline. This matches my own experience from the previous two companies I worked for.

Risk Management 328

Risk Management PMI Construction Budget 328

Project Risk Coach

MAY 3, 2021

So, let's look at three techniques to use with your teams: Brainstorming Delphi Technique Nominal Group Technique 3 Team Techniques to Improve Cost Estimates 1. Bob emailed the stakeholders a survey link asking, "What items should be included in the project budget?" She facilitated an estimating workshop.

Estimate 370

Estimate Finance Budget Risk Management 370

Project Risk Coach

OCTOBER 23, 2021

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. Therefore, negative risks are considered to be threats and positive risks are opportunities.

Underperforming Technical Team 363

Underperforming Technical Team Risk Management Project Life Cycle Risk 363

Rebel’s Guide to PM

JULY 20, 2023

I use it mainly for two things: First , putting down in writing what my Steering Group are actually supposed to do to set the ‘ground rules’ for that group and their meetings. This is likely to be either the remit of a single group i.e. your Steering Group or a workstream of work. Explain what this involves.

Technical Review 274

Technical Review Software Review Prince2 Risk Management 274

ProjectManager.com

NOVEMBER 27, 2019

Project management knowledge areas coincide with the process groups, which are project initiation, project planning , project execution, monitoring and controlling, and project closing. The knowledge areas take place during anyone of these process groups. Related: Free Project Budget Template for Excel. Project Risk Management.

Monitoring 502

Monitoring Risk Management Controlling Technical Review 502

ProjectManager.com

AUGUST 29, 2023

Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Estimation In a project context, estimation is the way to make accurate budgets or timelines for a project. Here’s how EVM can be applied over the course of a project’s duration.

Software Review 393

Software Review Underperforming Technical Team Lean Event Chain 393

ProjectManager.com

JANUARY 10, 2023

Project meetings for teams bring together the group to solve a problem or improve progress to meet certain goals and expectations. You’ll also want to review the budget, assess risk and schedule upcoming meetings to make sure everything discussed has been resolved. It all depends on the urgency and type of meeting being held.

Software Review 480

Software Review Technical Review SCRUM Risk Management 480

Project Risk Coach

JANUARY 22, 2018

.” 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. Be sure to update the risk register each time you evaluate your risks.

Risk 170

Risk Influencer Defining Budget 170

ProjectManager.com

AUGUST 23, 2023

Having a scope baseline helps track your project scope and avoid scope creep, which is adding more activities without adjusting the schedule or budget to compensate. Project Budget The project budget is the estimated costs of the project. Get all the tools you need to monitor and control your project and keep it healthy.

Monitoring 294

Monitoring Risk Management Budget Risk 294

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

Risk Management 98

Risk Management Risk Agile Technical Review 98

Rebel’s Guide to PM

OCTOBER 13, 2021

I use it mainly for two things: Putting down in writing what my Steering Group are actually supposed to do to set the ‘ground rules’ for that group and their meetings. This is likely to be either the remit of a single group i.e. your Steering Group or a workstream of work. This is a really versatile document.

Technical Review 421

Technical Review Software Review Prince2 Budget 421

Project Risk Coach

NOVEMBER 21, 2016

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks? What are some examples of scope-related risks? Interviews.

Risk 150

Risk Software Review Risk Management Defining 150

Project Risk Coach

MAY 1, 2017

How do you communicate risks? Some project managers rarely mention risks; others bore people to tears with too much information. And one of the most important things to communicate is your risks. How can we communicate risks more effectively? Communicating Risks. Analyze Your Risks. What is the risk?

Risk 170

Risk Risk Management Defining Monitoring 170

ProjectManager.com

APRIL 5, 2024

It keeps equipment in optimal working condition, which leads to more efficiency and quality and keeps work on time and within budget. Read about the benefits of an effective maintenance schedule and see how a maintenance plan can help a diverse group of industries. A maintenance schedule ensures those tasks are done regularly.

Manufacturing 317

Manufacturing Construction Software Review Healthcare 317

PM Basics

SEPTEMBER 7, 2022

Risk identification is not a rigid process that you follow step-by-step. Instead, good risk identification comes from communication and collaboration with all project stakeholders. Moreover, you need to educate others on how to use your risk management process. What is Risk Identification? What is Risk Identification?

Risk 109

Risk Software Review Underperforming Technical Team Risk Management 109

Rebel’s Guide to PM

MARCH 12, 2022

Risk management. Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. Obviously there are regular project boards and other governance checks, but the practical implication is that we have freedom of action for low value initiatives that are low risk and things we’ve done before.

Prince2 396

Prince2 Governance Government PMO 396

ProjectManager.com

JANUARY 26, 2024

If you’re looking for an alternative to MS Project vs. Asana, a project and portfolio management software that fosters collaboration and provides the project management features you need to deliver on time and within budget, then you want ProjectManager. It’s a timeline view with limited filters. Who Uses Microsoft Project?

Software Review 319

Software Review 2024 Aerospace 2008 319

Kiron Bondale

MAY 17, 2020

I responded to a discussion thread on ProjectManagement.com this week about categorizing risks and after doing so, I spent some time thinking about the impacts of bias on how we evaluate risks. There is no need for us to become template zombies by imposing “if-then” or other rigid format to how risks are described.

Risk 218

Risk Risk Management Budget 218

PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

Risk 59

Risk Risk Management Software Review Technical Review 59