Remove Controlling Remove Governance Remove Project Cost Remove Risk
article thumbnail

14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? It helps to think of risks in categories.

Risk 320
article thumbnail

Measuring the Project Management Maturity of Your Organization

ProjectManager.com

In other words, you can look at an organization with strong project management maturity as one that’s managing the planning, execution and compilation of its projects well. This is true across all industries, from construction to manufacturing, professional services to IT and, really any organization that is managing projects.

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 Process Assets: Definitions, Examples & Templates

ProjectManager.com

Besides the examples above, an operational process asset can be any practice or knowledge from anything used to execute or govern the project, even lessons learned from previous projects and historical data. Organizational process assets may also include schedules, risk data and earned value data.

Process 361
article thumbnail

Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Projects usually require project management practices to help them get delivered. Even if you aren’t using a formal lifecycle or specific methodology, you’ll still be planning, executing, controlling, and monitoring tasks in order to meet objectives – that’s project management. Next up, examples of operations management.

Retail 407
article thumbnail

Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Projects bring risks, and risks bring unexpected costs. An Overview of Cost Estimation. Excluded costs. Project Cost Estimation Techniques.

Estimate 311
article thumbnail

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

And of course, for our projects and our organisations, we don’t have Governments to bail us out. We do not have the luxury of throwing resource at projects and simply hoping that in the future people will look back and say, ‘what a great project that was’! Schedule and Cost Control Starts with Good Estimates.

article thumbnail

How to Develop a Strong Governance Process with These 6 Tips ?

Project-Management.pm

It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. But don’t forget the essential factors of them all—controlling and monitoring. To stay within deadline means having a governance process that everyone will adhere to.