Kiron Bondale

SEPTEMBER 26, 2021

Tracking and reporting risk information is a standard part of any project management approach. Minimal sufficiency should be the goal we strive to in terms of meeting the informational needs of your stakeholders but more important, helping risk and risk response owners to effectively address identified risks.

Risk 207

Risk Risk Management PMI Governance 207

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 88

Risk Management Risk Cadence 2016 88

Project Risk Coach

JUNE 19, 2017

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. How can project managers optimize their risk responses and get the results they are looking for? Risk Control Tools and Techniques.

Controlling 290

Controlling Risk Technical Review Performance Measurement 290

ProjectManager.com

MAY 15, 2024

This closes the project, releases project resources and communicates final information to stakeholders. Also in review should be if the quality expectations have been met, stakeholder and team satisfaction, resource utilization, control and risk management. What Is a Project Completion Certificate?

Project Life Cycle 352

Project Life Cycle Software Review Certification Construction 352

ProjectManager.com

OCTOBER 4, 2023

For a project to function properly and be delivered on time and within its budget, all the roles and responsibilities of everyone involved must be clearly defined and communicated. The project owner is a leader who works with the project manager closely to drive the project to a successful conclusion. What Is a Project Owner?

Closing 399

Closing Budget Risk Management Leadership 399

Project Risk Coach

FEBRUARY 4, 2019

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

Controlling 199

Controlling Risk Technical Review Performance Measurement 199

ProjectManager.com

MAY 19, 2022

Is your organization failing to close the gaps between strategy and project execution? you can use to help you close those gaps, yet it isn’t easy. Let’s review strategies and tools you can use, and learn how they can help you close that gap to promote successful project execution. And you’re not alone in this challenge.

Executing 500

Executing Project Life Cycle Software Review Technical Review 500

ProjectManager.com

JANUARY 23, 2024

That’s because the project teams involved with these successful projects follow a defined and repeatable process, which mitigates risk and achieves objectives. Rather, it’s a team effort guided by standardized processes, well-defined roles and responsibilities and collaboration.

Underperforming Technical Team 338

Underperforming Technical Team Risk Management Software Review Budget 338

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. Let's define opportunity. Is an Opportunity a Risk, Really? Table Of Contents.

Underperforming Technical Team 363

Underperforming Technical Team Risk Management Project Life Cycle Risk 363

ProjectManager.com

MAY 14, 2024

Then we’ll define RAG status tolerance and go into the various project professionals who use RAG status when evaluating a project. When using RAG status, it’s first important to know how to define each color so you can use it to track your projects. There’s even a risk management overview. Close the project down.

Software Review 349

Software Review Budget Closing Risk Management 349

Project Risk Coach

AUGUST 20, 2018

Some project managers start their projects with a strong focus on risk management. In this article, I am providing questions that can help you in monitoring project risks and as a result, achieve better results. Other project managers start out strong and stick with their risk management. What risks should be closed?

Monitoring 170

Monitoring Risk Risk Management Closing 170

Rebel’s Guide to PM

SEPTEMBER 24, 2023

They are: Ensure continued business justification Learn from experience Define roles, responsibilities and relationships Manage by exception Manage by stages Focus on products Tailor to suit the project. You should look at what happened on past projects because that helps mitigate risk on your current project. When will it be ready?

Prince2 363

Prince2 Technical Review Governance Government 363

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 78

Risk Management Risk Cadence 2023 78

ProjectManager.com

SEPTEMBER 14, 2023

Remember, a project is defined as time-bound that delivers a product or service. Those are called the project phases and they are initiation, planning, execution, monitoring and controlling and, finally, closing. Closing Phase Once the final deliverable is produced, the project isn’t officially over.

Software Review 372

Software Review Monitoring Technical Review Risk Management 372

ProjectManager.com

JUNE 28, 2023

There are five phases in the project management process: initiation, planning, execution, monitoring and controlling and closing. Besides keeping a project on schedule and avoiding overspending, project monitoring is also a great way to manage risk and avoid scope creep. Earlier detection means earlier mitigation.

Monitoring 295

Monitoring Controlling Software Review Risk Management 295

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

ProjectManager.com

NOVEMBER 2, 2022

Let’s take a look at how project assumptions are defined in project management and why they’re so important. Then we’ll learn about a project assumption log and how assumptions differ from constraints and risk. Analyzing assumptions is part of project risk management. Note the status of the assumption, such as closed or open.

Software Review 324

Software Review Risk Management Technical Review Risk 324

Rebel’s Guide to PM

JULY 28, 2023

B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track As you can see, this equates to the acronym BRAG. There’s a significant level of project risk with no plans to address that risk.

Software Review 287

Software Review PMO Risk Management Closing 287

ProjectManager.com

AUGUST 23, 2023

If you’re unaware of what a project management triangle is or even if you do know, we’ll define it and explain its importance in project management. To understand the project management triangle, one must first define the three constraints that make it up. Finally, using the project management triangle helps reduce project risk.

Software Review 313

Software Review Risk Management Risk Budget 313

MPUG

APRIL 26, 2021

Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. What is Enterprise Risk Management?

Governance 122

Governance Government Risk Management Risk 122

ProjectManager.com

NOVEMBER 9, 2023

Before we go into the process of IT incident management, let’s first understand what the term IT incident means and how IT incident management is defined. However you define it, you’re not going to want to have an IT incident, and if you do, then you’re going to want to be prepared to address it quickly. What Is an IT Incident?

Software Review 350

Software Review Technical Review Risk Management Executing 350

Leading Agile

SEPTEMBER 5, 2023

Interestingly, these concepts are closely intertwined. Their backlog is well-defined. Getting team strategies right, synchronizing backlogs, and efficiently producing working software at scale are crucial. Without this alignment, even the best Agile practices and culture won’t suffice. Alignment takes precedence.

Defining 62

Defining Agile Software Review Technical Review 62

ProjectManager.com

DECEMBER 6, 2023

Strategic Project Management Roles & Responsibilities Understanding strategic project management is more than just defining the term. Let’s take a moment to define these positions. They’ll lead that project in planning, executing, monitoring and controlling as well as closing the project.

Planning 399

Planning PMO Manufacturing Logistics 399

The Strategic Project Manager

NOVEMBER 21, 2021

This post seeks to define economies of scope which, like economies of scale, has its limits; at some point it can become diseconomies of scope. Broader Enterprises Define Economies of Scope. By Contrast, Narrow Scope Defines Economies of Scale. How to Define Economies of Scope and Strategic Fit.

Defining 52

Defining Transportation Retail Closing 52

ProjectManager.com

NOVEMBER 15, 2023

We’ll also define the key areas of residential construction and how residential construction differs from commercial construction. Residential construction is defined as the construction, alteration or repair of single-family and multi-family dwellings. What Is Residential Construction?

Construction 350

Construction Monitoring Retail Closing 350

Wrike

JULY 24, 2023

Understanding the Importance of Project Closeout Project closeout can be defined as the process of finalizing all activities and tasks associated with a project. It involves completing the remaining work, conducting a thorough review of project performance, and formally closing the project by satisfying all contractual obligations.

Closing 36

Closing Technical Review Software Review Artificial Inteligence 36

ProjectManager.com

AUGUST 23, 2023

To understand what project health is let’s define it and the areas that should be monitored to make sure your project is healthy. As we’ll see in a moment, this requires a close monitoring of various elements of the project. The budget is approved by the client or stakeholders and then defines what the project can cost.

Monitoring 296

Monitoring Risk Management Budget Risk 296

ProjectManager.com

JULY 26, 2023

Before you can start a project — even before you can plan it — you first need to define the project in detail. To understand why, let’s define the term and compare it to other project documentation. A project initiation document (PID) is used to define the project thoroughly.

Initiating 287

Initiating Software Review Prince2 Risk Management 287

Rebel’s Guide to PM

OCTOBER 15, 2021

B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track. There’s a significant level of project risk with no plans to address that risk. Close what you can, picking off priority problems first.

Software Review 376

Software Review PMO Risk Management Closing 376

ProjectManager.com

NOVEMBER 29, 2023

IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. To close, there will be some of the best practices to employ for more successful IT financial management. This includes IT operations management, IT service management, IT asset management and IT risk management.

Infrastructure 324

Infrastructure Finance Executing Governance 324

Project Risk Coach

MAY 7, 2016

Are you a project manager who focuses on gaining control of your project risks? Some project managers start their projects with a strong focus on risk management. When problems occur, they turn to their risk response plan. They run toward their risk management tools and techniques to aid them. What risks should be closed?

Controlling 150

Controlling Risk Risk Management Closing 150

Scrum.org

JULY 10, 2018

Often I hear people say that Scrum does not take care of risk: there is no risk log, risk is not on the agenda of the Sprint Review or Retrospective as a standard agenda-item. That's a risk right there! How is risk managed in Scrum? Scrum is all about risk management. Different types of risks.

Risk Management 122

Risk Management Risk Technical Review Underperforming Technical Team 122

ProjectManager.com

JANUARY 20, 2023

Leadership qualities can be difficult to label because leadership itself is so present in our lives that traits can be hard to identify and define. To help define the elusive quality of leadership, we’ve gone through those core values and found 20 leadership traits that have been validated by proven business leaders and other experts.

Leadership 404

Leadership Underperforming Technical Team 2016 Risk Management 404

Rebel’s Guide to PM

MARCH 12, 2022

Decision gates are part of empowering decision-making and ensuring the right people make the call as to whether a project progresses (or is closed). Risk management. Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. Stakeholder engagement.

Prince2 400

Prince2 Governance Government PMO 400

ProjectManager.com

AUGUST 22, 2023

Project planning is the second stage in project management, after initiation and before execution, monitoring and controlling and closing. Risk Management A project risk is an unexpected event, which can be positive or negative. Each task will have a duration with its own start date and end date.

Certification 358

Certification Leadership Risk Management Budget 358

Project Risk Coach

OCTOBER 27, 2016

How to Connect Emerging Risks, Strategies, and Project Management. Is your organization identifying and managing emerging risks? How have researchers and farmers responded to this risk? Emerging risks were recognized years ago but management has failed to take appropriate steps to mitigate these enterprise risks.

Risk Management 150

Risk Management Risk Closing Initiating 150

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. What if there was a fast and relatively easy systematic way to identify, assess, and prioritize risks, enabling you to focus on the most critical threats and opportunities? By: Dr. Michael J.

Risk 52

Risk Artificial Inteligence 2023 2017 52