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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. How can project managers optimize their risk responses and get the results they are looking for? Risk Control Tools and Techniques.

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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?

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The Quality Management Plan in Project Management

ProjectManager.com

The quality of your work can make or break a project, which is why a quality management plan is so important. Let’s explore the impact a quality management plan can have on a project, how to make one and look at some templates to get you started. What Is a Quality Management Plan? Get started today for free.

Planning 331
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Project Performance Reporting: Key Performance Reports

ProjectManager.com

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget.

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What is the Management Reserve for Project Budgets?

Project Risk Coach

Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. These risks are known – that is, they've been identified. These risks have not been identified.

Budget 284
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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Just like a project plan , the RAG status tolerance is a moving target and not set in stone. There’s a project summary with key accomplishments, completed and planned work, milestones, deliverables and action items. There’s even a risk management overview. In other words, the project is under control.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.