article thumbnail

8 Free Risk Management Templates for Excel

ProjectManager.com

If there’s one thing you can be certain of when managing a project, it’s change. Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. However, templates can only do so much.

article thumbnail

How to Manage Project Environment from Initiation to Close

ProjectManager.com

Managing a project is difficult. You need to be aware of the project environment and prepare for its influence on your project throughout the project management life cycle. A project environment is all the internal and external forces that exert on your project management. It’s sort of like managing risk in that way.

Closing 338
Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is a Project Sponsor? Defining This PM Role

ProjectManager.com

While they don’t manage the day-to-day operations of a project, they are above the project manager in terms of project hierarchy. According to the Project Management Body of Knowledge (PMBOK), the project sponsor is “a person or group who provides resources and support for the project, program or portfolio for enabling success.”.

Defining 298
article thumbnail

Managing Project Assumptions and Risks

The IIL Blog

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.

article thumbnail

Managing Project Assumptions & Risks

Velociteach

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.

article thumbnail

10 Steps for Successful Project Completion (Templates Included)

ProjectManager.com

Project planning, execution, monitoring and controlling are often the focus of project management. Organizing project documentation and final activities can be done more efficiently with the same project management software used to plan, execute and control the project. That’s a mistake. Every phase of a project is important.

article thumbnail

RAG Status in Project Management: Importance & Benefits

ProjectManager.com

RAG status begins with understanding the acronym and how RAG status is used in project management. Then we’ll define RAG status tolerance and go into the various project professionals who use RAG status when evaluating a project. What Is RAG Status in Project Management? An RAG status is like a KPI traffic light.