Remove Controlling Remove Influencer Remove Risk Remove Technical Review
article thumbnail

PMBOKĀ® Seventh Edition Principles and Risk Management

Project Risk Coach

In this article, let's look at each principle and why each one matters with respect to managing risks. Be a Diligent, Respectful, and Caring Steward 2. Optimize Risk Responses 11. For example, one of the PMBOKĀ® principles is to optimize risk responses. Table Of Contents. What are Principles? Focus on Value 5.

article thumbnail

What Is a Risk Register & How to Create One

ProjectManager.com

What is a Risk Register? A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes.

Risk 390
Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Controls: A Quick Guide

ProjectManager.com

Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. What Are Project Controls? Risk management. Methodology.

article thumbnail

14 Common Project Risks (+ more)

Rebelā€™s Guide to PM

Risks matter. Thatā€™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. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 320
article thumbnail

Organizational Process Assets: What does that even mean?

Rebelā€™s Guide to PM

OPAs and the PMP exam Letā€™s face it: I first came across the term OPA while reviewing PMP exam training material. They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive). They influence how we do the work.

Process 422
article thumbnail

IT Risk Management Strategies and Best Practices

ProjectManager.com

Information technology (IT) is no longer a tucked away department with little impact on day-to-day affairs. Itā€™s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video.

article thumbnail

11 project risk examples: Watch out for these common pitfalls

Planio

Risk management is the art of anticipating potentially project-derailing dangers and putting actionable steps in place to minimize their impact. But the problem is that risks arenā€™t always obvious or apparent ā€” until youā€™re knee-deep trying to slog your way out of one. Technology failure 6. Project scope creep 2. Acts of God 10.

Risk 88