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How Poor Risk Management Is Hurting Your Program

Project Risk Coach

Poor risk management is costly. Let's look at the cost of poor risk management through the example of Tom Whitley. The Risk Management Mistakes of Tom Whitley The Star Mutual Insurance Company (SMIC) hired Tom Whitley as a project manager to manage information technology projects. But, it doesn't have to be that way.

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How to Budget For Your Company’s Technical Debt

Zen Project Management

Guest post by Dr. Mik Kersten While “technical debt” is a term that’s frequently used by technologists, the implication and understanding of it tends to be opaque to the business until it’s too late - just look at how Nokia lost the mobile market that it helped create. What’s technical debt?

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Risk Breakdown Structure for Projects: A Complete Guide to RBS

ProjectManager.com

Risk is usually thought of as a negative impact on the project’s budget, timeline or quality. Either way, project managers have to prepare for risk, either good or bad—it can interfere with project objectives. More often, you’ll address it during the planning phase when you assign roles and responsibilities to your team members.

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What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

Having designated risk roles ensures that significant risks receive attention and allows everyone on the team to focus on completing the project successfully. First, sponsors develop and cast the project’s vision, including goals , risk appetite , and risk thresholds. Information Technology) or in a Project Management Office (PMO).

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What Is Change Control in Project Management?

ProjectManager.com

Teams get sick. If the change is accepted, that is it must be responded to—which opens a whole new set of procedures to make sure you stay on track and within budget. Managing change effectively is crucial to bringing in your project on time and within budget. The project will go over budget and miss deadlines.

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The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

From the smallest to the largest and most complicated, they’re broken down into five construction phases to detail all the steps necessary to complete the project on time and within budget. Programming and feasibility are where the planning team defines the project’s objectives and goals. A site analysis is also conducted.

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How Poor Risk Management Is Hurting You

Project Risk Coach

Poor risk management is costly. Let's look at the cost of poor risk management through the life of Tom Whitley. The Risk Management Mistakes of Tom Whitley The Star Mutual Insurance Company (SMIC) hired Tom Whitley as a project manager to manage information technology projects. But, it doesn't have to be that way.