Enterprise Risk Management (ERM) and Risk Governance

MPUG

Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. I came to know that there were no consistencies within risk governance parameters, such as risk appetite , or risk threshold , for example. Types of Governance.

Review Agile Governance and Audit

Henny Portman

Christopher Wright wrote the book Agile Governance and Audit – An overview for auditors and agile teams. Agile Governance and Audit gives a short introduction to agile, compares agile with waterfall and looks at audit and agile cultures. The author follows a project life cycle from idea towards a usable product including governance and control. This is where we now see PRINCE2 Agile, AgilePM, DAD or PMI Agile. To order (Bol.com): Agile Governance and Audit.

Insiders

Sign Up for our Newsletter

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

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. And I am a regular speaker for MPUG PMI chapters, and the Enterprise Architecture Conference.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. And I am a regular speaker for MPUG PMI chapters, and the Enterprise Architecture Conference.

Webinar Recap: Want To Be A PMI-ACP? The Primary Steps to Take

MPUG

Please find below a transcription of the audio portion of Satya Narayan Dash’s session, Want To Be A PMI-ACP? If you want to be a PMI-ACP, here are the primary steps to take. Today’s session is eligible for one PMI-PDU and the technical category.

PMI 52

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

Show them how close to the bone you are in achieving your outcomes. Or maybe you’ll need to make the choices yourself, and take the governance risk on your own shoulders. In All Cases, Look to Your Governance Structure. One of the principle purposes of project governance is decision-making. Above or around your rogue Project Sponsor should be a strong governance body. If that does not flush out a formal sponsor, then follow your close-down plan.

2018 134

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. Open Loop / Closed Loop Project Controls - project management is a closed loop control system.

2015 37

The PMP® Exam is Changing: Here’s What You Need to Know

International Institute for Learning

In June 2019, the Project Management Institute (PMI) ® announced that significant changes are coming to the Project Management Professional (PMP) ® Exam. Remember, if you file online (and most folks do), PMI ® has five calendar days to review your application and notify you if you’re eligible to sit for the exam. Many folks ask, why does PMI have to change the exam? PMI also identified forty-two tasks across all five domains that competent project managers perform.

2019 55

PRINCE2 and PMBOK: How They Compare

Girl's Guide to PM

First came PRINCE in 1989 as the UK government standard for IT project management. There are other differences: the PMBOK® Guide usefully covers procurement, whereas PRINCE2 assumes you are operating in an environment constrained by a contract, because of its roots in government IT projects.

Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

And there are communities you can connect to – on LinkedIn, through the project management bodies such as PMI and APM, etc. Even after being in place for years, PMOs are still subject to scrutiny; one in three of the PMOs which were reported in the ESI survey to have closed this year were 5 years old, or older. project speaker leading peter taylor pmi.

Project Management: Agile and Waterfall Explained

International Institute for Learning

Source: The Agile Practice Guide, PMI and Agile Alliance. A phase usually ends before the next one starts, and the sequence is traditionally 5 Phases: Initiation, Planning, Implementation, Controlling, and Closing. Closing : Hurray! By Karim Radwin , CAIA, PMP.

2021 80

What’s in YOUR risk register?

Kiron Bondale

How we do it will vary based on the context of the project being managed, the needs of the stakeholders and the policies or standards governing the practice, but in general, a risk register is a common standalone artifact, RAID log section or information radiator.

Risk 186

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

It is an important part of project governance that looks both backwards and forwards. The Project Management Institute’s (PMI’s) PMBOK 6th Edition: Phase Gate : A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modificatin, or to end a project or program. Let’s set aside the very important governance imperative. But what if governance were unimportant to you… or your organization?

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. The governance considerations for project cost management. The Project Management Institute’s (PMI’s) Project management Body of Knowledge (the PMBoK) has Project Cost Management as one of its ten Knowledge Areas (or KAs). The PMBoK calls this ‘reserves’ Governance of Project Expenditure.

Project Management Process: The Basics

Clarizen

In the Project Management Body of Knowledge (PMBOK), the Project Management Institute (PMI) outlines five project management process groups: . Closing : processes required to formally end a project, or a phase of a project. . Closed procurements . Closing.

Project Procurement Management [All the basics you need to know]

Online PM Courses

Where the provider is a part of the same organization, provision is often governed by a service-level agreement (SLA). There are many different types of contract you may use to govern the goods and services, and how you pay for them. Closing. The governance process that will guide and oversee project procurement. This could instead be a part of your Closing stage. Closing.

2018 73

Project Manager or Project Leader? What’s the Difference?

Online PM Courses

And then there’s the PMI Talent Triangle. If you’re a PMI member, you need to hoe your craft in three dimensions: Technical: the core skills of Project Management. Relies on governance, hierarchies and controls. We’ll also look at The PMI’s View… I will end this article by looking at how the Project Management Institute (PMI) may see the distinction between Project Manager and Project Leader. Governance.

2018 66

Project Quality Management: All You Need to Know

Online PM Courses

These may be: External standards imposed upon you by third parties like Governments, regulators or customers in your value chain. of the PMBoK (PMI’s Project Management Body of Knowledge) 6th edition. The Project Management Institute’s (PMI’s) Project Management Body of Knowledge (PMBoK). for me, the best easily accessible description of project quality management is in the pMI’s PMBoK.

2018 77

Is Hybrid Really a Popular Project Approach?

Girl's Guide to PM

Iterations are perfect for developing solutions like a website, and the structure of an over-arching program framework provided the governance and schedule expectations that executives wanted to see. What is hybrid project management?

2021 386

Proceeding without contingency is irresponsible

Kiron Bondale

This is closing the barn door after your prize-winning stallion has raced off into the sunset. If so, a core require is professional responsibility on the part of practitioners of a profession which is why PMI identifies Responsibility as one of the four values within its Code of Ethics.

2021 279

ITIL for Project Managers – Should you?

Online PM Courses

First, ITIL has a strong emphasis on the governance of IT. These twin concerns with governance and quality account for ITIL’s benefits to the organizations that use it. The UK Government sponsored the creation of ITIL in the 1980s, by the Central Computer and Telecommunications Agency (CCTA). CCTA ceased to exist in 2001, when it was merged with the Office for Government Commerce (OGC). Close.

2018 70

Why Projects Fail – Five more reasons

Online PM Courses

Governance. A closely related problem (also remedied by rigorous change control) is scope creep. Welcome to the world of complex Government policy failures. You need to be able to respond quickly and accurately to changes and this is partly a matter of governance, and partly down to the quality of time you allow yourself to step back from the day-to-day issues, to survey the trends and think carefully about their implications. PMI PDUs.

2018 66

How to Get Your Next Lessons Learned Meeting Right

Online PM Courses

the organization itself – it’s processes, attitudes, and governance, for example. Closing. Closing Your Meeting. Brief your sponsor and the governance tier of your project. Lessons Learned feed into organizational governance and reporting. PMI Talent Triangle: Strategic & Business Management Post-Project Review Project Management Career Team Leader Lessons Learned Lessons Learned meeting LLs

2018 84

Capture More Agility by Tailoring Practices

International Institute for Learning

Ironically, if your PMO, Center of Excellence, or other standards group has defined their process playbook by merely copy-pasting a textbook approach from PMI, from Google, or from Spotify… they are violating the ASNI standard for project management.

2020 97

Innovation Project Management

International Institute for Learning

The Project Management Institute (PMI) has recently celebrated 50 years of providing the world with project management competencies. The book also discusses the corporate governance needed to create the appropriate culture for innovation to occur. By Harold Kerzner, Ph.D.

Top 11 Cities for Project Management

Girl's Guide to PM

The average salary for a project manager in the USA is US$116,000, the highest of all the countries in this list, and according to the PMI Salary Survey, second only to pay in Switzerland. Source: PMI; figures relate to country).

2020 386

Top Project Management Conferences of 2020

ProjectManager.com

Laszlo Bock, formally on the senior management team of Google, will be the closing speaker of the event. Keynote speaker is Nick Smallwood, CEO of the Infrastructure and Projects Authority and Head of Government’s Project Delivery Function. PMI EMEA Congress.

2020 261

Beginner’s Guide to Project Management Process

iZenBridge

Closing. One might think that “project management phases” would be a more fitting term for the five stages of a successful project—initiating, planning, executing, monitoring/controlling, and closing. He manages the Project Team, manage communications, Conduct Procurement, Governs the Project Schedule and resources and Manage Stakeholder’s Engagement. Closing the Project. Closing the Project is the last stage of project Management. Close out all the details.

What Is a Project Sponsor? Defining This PM Role

ProjectManager.com

For example, a government project is going to have a state official as project sponsor who will work with the construction company’s project manager. According to the Project Management Institute (PMI), the project sponsor role can be broken into three parts: vision, governance and value or benefits realization. Governance. Closing Duties. They can be government regulatory agencies, landowners, etc.

APM Salary and Market Trends Survey 2017 – A Review

Arras People

The last time I reviewed the PMI Earning Power report they had a response rate of over 29,000. Before closing I must address the elephant in the room. The APM stand on the cusp of a great opportunity; we hope they can get the right governance and professionals with project management expertise in their organisation to make the most of it and truly drive forward the value to this great profession.

2017 150

APM Salary and Market Trends Survey 2017 – A Review

Arras People

The last time I reviewed the PMI Earning Power report they had a response rate of over 29,000. Before closing I must address the elephant in the room. The APM stand on the cusp of a great opportunity; we hope they can get the right governance and professionals with project management expertise in their organisation to make the most of it and truly drive forward the value to this great profession.

2017 150

Meeting Management Techniques for Project Managers

Girl's Guide to PM

Meeting management skills are no longer part of the Exam Content Outline (ECO), which you can download from the PMI website. Instead, the ECO talks about communication, knowledge transfer, engaging the team, governance and a whole lot more that you would often use meetings to accomplish.

2021 371

My designation is not Project Manager – AM I eligible for PMP® Certification?

iZenBridge

Actually, instead of designation, PMI considers your role in leading and directing the project. Well, here I am addressing your concern what PMI considers for your professional experience. Establish project governance structure and define escalation paths & thresholds.

2021 83

5 Best Project Management Certifications and Courses of 2019

nTask

The Project Management Professional certification is accredited with the Project Management Institute (PMI). The PMI has also mandated a 4,500 hour work experience directly, or indirectly related to heading projects, being part of a Certified Project Manager’s Team, and at least a 35 hour basic level project management education. If you are a registered PMI online member, your exams will be conducted on a computer at a prescribed time and venue.

2019 126

Managing Multiple Projects: The Research

Girl's Guide to PM

Planning is the top skill identified as being able to manage multiple projects, closely followed by communication and stakeholder engagement. Nearly 70% of project professionals thought that team management was crucial, with 62% reporting they felt project control and governance was key.

2021 371

Inspiring Women in Project Management: Amy Hamilton

Girl's Guide to PM

I currently perform IT Project Management for the US Government in Stuttgart, Germany. In my career I have served as an Army Officer on Active Duty, as a contractor in the IT field for the US Government and for the past ten years as a Government Civilian. I have been a Board Member in several professional organizations including my local PMI Chapters. Often as a woman in a career field surrounded by men, it is easy to close yourself off and feel isolated.

2017 264

Project Contingency: The Ultimate Guide

Girl's Guide to PM

Only 62% of projects complete within their original budget, according to PMI’s 2021 figures. Image source: IPA Cost Estimating Guidance , 2021, Figure 11, reproduced under the Open Government Licence 3.0. Your new project was approved for funding. That in itself is a huge step.

2021 341

10 Places to Get Free Project Management Templates

Girl's Guide to PM

And yet… somehow the organisation doesn’t have the documentation you need to get it started, keep it on track and close it down successfully. If you are a PMI member, you’ll get access to the resources marked Premium as well, so that’s an added bonus. The Infrastructure & Projects Authority (IPA) arranges and manages project assurance reviews for the UK governments’ complex and high risk projects. You’ve got responsibility for a project.

2019 326

Top 5 Project Management Certifications To Become A Great Project Manager!

The Lazy Project Manager

PMI-ACP. This includes planning, initiating, controlling, monitoring and closing the project. was first introduced for the government offices of UK. The CAPM certification or Certified Associate in Project Management is the precursor of the PMP certification and is also accredited by the PMI. PMI ACP. About the PMI-ACP certification exam structure. PMI-ACP helps people address the need of their organizations. PMI-ACP certification prerequisites.

2018 94

PRINCE2: An Introduction to the Project Management Methodology

ProjectManager.com

Project managers who aren’t based in the United Kingdom might not be intimate with the PRINCE2 method of managing a project, which is primarily used by the British government. As noted, it’s been mostly used by the government in the United Kingdom, but it’s also prevalent in the private sector in the United Kingdom and other places around the world. They have authority on initiating the project, delivering its product and closing the project. Close the Project.