Remove Closing Remove Monitoring Remove Performance Measurement Remove Risk
article thumbnail

6 Tools and Techniques for Controlling Risks

Project Risk Coach

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?

article thumbnail

The 5 Phases of Project Management Process and Techniques

NimbleWork

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. Planning: In this process, project managers develop a comprehensive project plan that outlines the scope, schedule, budget, resources, and risks associated with the project.

Process 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Schedule Performance Index (SPI): An Introduction

ProjectManager.com

The schedule performance index was created to eliminate the guesswork and give a specific, quantifiable answer to the question, as well as show where improvements need to be made for maximum efficiency. What Is the Schedule Performance Index? No more struggling with equations and risking mistakes.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Earned Value Management (EVM) A systematic approach to project performance measurement assessing schedule and cost performance. Kanban board A visual tool used in Agile project management to monitor and manage project work. Feasibility Study An analysis of a project’s viability. of a project.

article thumbnail

The Functions of a Project Management Office

Project Pulse Journal

It includes monitoring the progress of projects in the portfolio, ensuring they deliver the expected benefits, and making necessary adjustments to the portfolio based on performance and strategic changes. Performance Measurement Implementing and maintaining performance measures and metrics is essential for assessing success.

PMO 52
article thumbnail

A Complete Guide to PMIS

ProjectManager.com

What these programs do is help project managers to plan, execute and close their project. It is used to support all aspects of the project from initiating through closing and can include both manual and automated systems.”. PMIS is made to support all aspects of project management and the information they monitor or collect.

article thumbnail

Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

Strategists would continuously monitor market dynamics, gather customer feedback, and refine their strategies to stay ahead of the competition and maintain their position as market leaders. Risk Management – Project managers can leverage value innovation principles to inform risk management strategies.