Remove Budget Remove Risk Remove Strategy
article thumbnail

Project Risk Management: How-to guide (with tips)

Rebel’s Guide to PM

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business.

article thumbnail

Bowtie Analysis for Risk Management: Example & Template Included

ProjectManager.com

This is called risk, and project management has created risk management tools to address these uncertainties. Well break down the bowtie model and explain when to do a bowtie risk assessment, including a bowtie diagram in an example to make the concept fully understandable. Risk cards can identify potential problems.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Organizational Project Management (OPM) Basics

ProjectManager.com

Organizations have strategies to achieve their long-term goals, whether that’s to increase sales, launch a new product or build new facilities. Project Management Project management is the process of planning, organizing and managing resources to deliver a project on time, within budget and meeting quality expectations.

PMO 466
article thumbnail

Risk Mitigation Plan: Definition & Top Strategies

ProjectManager.com

Risk is always present. If we were to try and avoid all risks, it would be paralyzing—not to mention impossible. As you might imagine, there’s a process in project management that addresses risk and how to deal with it. It’s called risk mitigation. No project plan is complete without a solid risk mitigation plan.

Risk 459
article thumbnail

Resource Analysis in Project Management: Steps & Free Templates

ProjectManager.com

When resources are managed effectively, the project has a greater chance of being delivered on time and within budget. When creating a budget for a project and managing costs throughout the execution of a project, resource analysis is a valuable tool. Just as resource analysis improves budgeting, it also supports risk management.

article thumbnail

How to Structure and Staff a PMO Without a Big Budget

Rebel’s Guide to PM

Ops or Strategy Lead = Influence, but practical delivery support Finance or CEO Office = Strategic, top-down IT = More delivery-focused, but risks being siloed Choose a reporting line that aligns with your PMO's goals (support vs control). Your PMO’s impact often depends on where it reports. You've got this!

PMO 221
article thumbnail

7 Ways Project Manager Roles Are Changing

ProjectManager.com

The days of technical, scope, scheduling, budgeting, assigning resources and delivering deliverables on time have evolved to include soft skills such as conflict resolution, leadership, and even trends towards more business management skills such as business modeling and strategic analysis. Here’s a shot of the whiteboard for your reference!