Project Risk Coach

JANUARY 24, 2022

Poor risk management is costly. Program managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. Things spiraled out of control.

Underperforming Technical Team 221

Underperforming Technical Team Risk Management Risk Technical Review 221

Project Risk Coach

NOVEMBER 6, 2017

Every project has risks—events or conditions that, if they occur, have positive or negative effects on a project’s objectives. And project managers are risk managers, some better than others. If you want to improve your project success through better risk management, consider getting certified as a Risk Management Professional.

PMI 247

PMI Certification Risk Management Risk 247

Project Risk Coach

JANUARY 16, 2020

In case you missed some of my blog posts, I'm sharing my most popular project risk management posts of 2019. So, just how many of you came to the Project Risk Coach website in 2019? Risks derail our projects. Risks derail our projects. Furthermore, I've recently started the PMI-RMP for U.S. Project Managers.

2019 221

2019 Risk Management Risk PMI 221

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. 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. 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 319

Risk Technical Review Risk Management Estimate 319

Project Risk Coach

JANUARY 16, 2020

Thank you for being a part of the Project Risk Coach Community. In this article, I'm sharing my most popular project risk management posts of 2019. So, just how many of you came to the Project Risk Coach website in 2019? I also plan to speak and conduct more project risk management workshops for PMI Chapters in 2020.

2019 195

2019 Risk Management Risk 2015 195

Project Risk Coach

JUNE 20, 2022

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses. Table Of Contents.

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

ProjectManager.com

JANUARY 23, 2024

That’s because the project teams involved with these successful projects follow a defined and repeatable process, which mitigates risk and achieves objectives. It helps to complete projects on time, manage risk, achieve project goals, deliver more benefits and handle change with minor disruption.

Underperforming Technical Team 331

Underperforming Technical Team Risk Management Software Review Budget 331

Rebel’s Guide to PM

APRIL 5, 2024

Material on the Knowledge Areas can still be found in the PMI web guidance which members have access to, called Standards Plus. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. PMBOK 7 talks about the 8 project performance domains.

PMI 204

PMI Risk Management Risk Technical Review 204

Kiron Bondale

JANUARY 23, 2022

In a presentation I gave to the members of a PMI Chapter on the topic of psychological safety, one of the attendees asked a great question. We can draw a parallel to giving someone greater control over the work they do. Encourage team members to feel comfortable about challenging each other if they feel a proposed risk is too great.

Risk 194

Risk Risk Management PMI Leadership 194

ProjectManager.com

OCTOBER 6, 2022

Some organizations, such as the Project Management Institute (PMI), will ask you to meet some requirements to be allowed in the program, such as having a bachelor’s degree, months of project management experience or even another project management certification. Price: PMI members, $225, nonmembers, $300.

Certification 433

Certification 2022 Prince2 PMI 433

Rebel’s Guide to PM

MARCH 14, 2024

Sources: Capterra , IPMA , PMI , APM Impact of AI on project management jobs 47% of people believe that AI would do better at treating all job applicants in the same way than humans ( Pew Research ). Oceania is the continent that is doing the most to build or recruit AI competence into the organization ( PMI ).

Artificial Inteligence 371

Artificial Inteligence Technical Review 2028 2024 371

Epicflow Blog

JANUARY 29, 2024

Vanhouke’s recent book “The Illusion of Control. Project Data, Computer Algorithms, and Human Intuition for Project Management and Control”, shedding light on the phenomenon of data-driven project management and its role in complex multi-project environments. Is there a better more efficient way (Control Efficiency)?

Controlling 52

Controlling Critical Chain 2018 Consulting 52

Rebel’s Guide to PM

APRIL 19, 2023

Do you need to earn PDUs to maintain your PMI certification? If you hold a PMP ® , PgMP ® , PfMP ® or PMI-PBA ® certification, you need to earn 60 PDUs every three years. If you hold a PMI-ACP ® , PMI-RMP ® , PMI-SP ® certification, you need to earn 30 PDUs in a three-year cycle. You’re in the right place!

2023 427

2023 PMI Certification Software Review 427

Techno-PM

MARCH 15, 2022

The Project Management Institute's Professional in Business Analysis (PMI-PgMP) certification is one of the most sought-after certifications for professionals who want to enter the project management field. This course is designed to help you prepare for and pass the PMI-PgMP Certification exam. Learn More About the Course !

PMI 62

PMI Certification Leadership Governance 62

ProjectManager.com

JULY 20, 2023

They’re also tasked with understanding their client’s business and even directing some aspects of their project, such as helping the project manager create a strategy, assess risk and more. PMI Professional in Business Analysis (PMI-PBA) This is another certification offered by PMI.

Consulting 381

Consulting Certification PMI Technical Review 381

MPUG

APRIL 1, 2024

PMs know that testing new software and/or hardware products before they’re released is an important part of risk management, but determining precisely what the project team should evaluate and what independent experts should evaluate can be more complicated. Such data also can help to identify potential savings.

Risk 52

Risk Software Review Underperforming Technical Team Risk Management 52

Rebel’s Guide to PM

MAY 7, 2023

Outside of the world of PMI, I’m not sure that the term is widely used at all, but let’s put that aside for a moment and consider what they are and how to use them. They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive).

Process 420

Process Technical Review Software Review Influencer 420

ProjectManager.com

NOVEMBER 27, 2019

It is a set of standard terminology and guidelines for project management published and updated by The Project Management Institute (PMI). Project management knowledge areas coincide with the process groups, which are project initiation, project planning , project execution, monitoring and controlling, and project closing.

Monitoring 499

Monitoring Risk Management Controlling Technical Review 499

NimbleWork

NOVEMBER 30, 2023

This year, we participated in the Project Management Institute’s annual PMI Summit, held in Atlanta. Only the most compassionate and caring work environments appear to try and control these expectations. The post Lessons from the PMI Summit 2023 appeared first on Nimblework.

PMI 52

PMI 2023 Technical Review PMO 52

Leading Answers

JANUARY 16, 2021

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

Risk 145

Risk Underperforming Technical Team 2006 2012 145

Project Risk Coach

SEPTEMBER 8, 2020

Here are some examples: I had an opportunity to meet other project managers at a PMI Chapter meeting. She was able to schedule a one-hour meeting to discuss top project risks. When we exploit an opportunity, we make the upside risk happen. Develop and execute risk response plans. Monitor the opportunities. register now.

PMI 248

PMI Risk Management Risk Executing 248

Project Risk Coach

AUGUST 7, 2016

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. If you are preparing for the PMP or PMI-RMP exam, this exercise will certainly be helpful. Quantitative risk analysis.

Risk Management 150

Risk Management Risk PMI Executing 150

Project Pulse Journal

OCTOBER 7, 2023

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

Risk 52

Risk 2009 2023 2017 52

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

Risk Management 98

Risk Management Risk Agile Technical Review 98

PM Basics

SEPTEMBER 8, 2022

Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. Risk management process is a structured approach to identifying, assessing, addressing, and controlling risks. So, let’s dive in!

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

Kiron Bondale

APRIL 10, 2022

To understand why, let’s draw a parallel to project risk management. Teams might do a reasonable job at identifying risks, assessing them and coming up with risk response recommendations for the higher priority ones. Unfortunately, often times those risk responses never get implemented.

Risk Management 358

Risk Management PMI Risk Agile 358

Rebel’s Guide to PM

SEPTEMBER 14, 2020

The term refers to how the project’s requirements or feature list grows over time without proper control. When the project manager is not actively managing changes to scope, there is no control about what is in and what is out. These are laid out in a research paper from PMI *. What is change control and why is it important?

Underperforming Technical Team 455

Underperforming Technical Team 2009 Controlling Risk Management 455

Techno-PM

MARCH 16, 2022

Overview: The Project Management Institute's Registered Risk Manager Program (PMI-RMP®) is a risk management certification for project managers. The program covers the process of managing risk in projects and organizations and provides an understanding of how to build more sustainable, resilient systems.

PMI 36

PMI Certification Risk Management Prince2 36

Rebel’s Guide to PM

MARCH 18, 2021

But what if you don’t use PMI methods? Whether you subscribe to the PMI way of thinking or use another approach based on your background, skills, experience, certification or the expectations of management, I’m pretty sure that you’ll have to create project documents. Documents are documents. You can grab the set I use here.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

ProjectManager.com

DECEMBER 13, 2021

For example, many project managers are accustomed to working within the PMI guidelines for best project management practices. Create project management documents such as a project budget, project schedule , resource management plan and a risk management plan. Certified Associate in Project Management (CAPM) certification by the PMI.

Project Life Cycle 414

Project Life Cycle Prince2 Certification PMI 414

Rebel’s Guide to PM

MAY 4, 2021

That’s echoed in the PMI Pulse of the Profession 2021 report. If we look at research from PMI and research done by the Georgia Chapter, waterfall is used in construction but in IT and financial services are using agile and hybrid. Here are the notes from that discussion. The trend that is here to stay is remote work and digital teams.

Artificial Inteligence 476

Artificial Inteligence PMI 2021 PMO 476

ProjectManager.com

AUGUST 22, 2023

Project planning is the second stage in project management, after initiation and before execution, monitoring and controlling and closing. Risk Management A project risk is an unexpected event, which can be positive or negative.

Certification 353

Certification Leadership Risk Management Budget 353

Rebel’s Guide to PM

JULY 20, 2023

A Guide to the Project Management Body of Knowledge (also known as the PMBOK® Guide -- 7th Edition) is core reading as prep for PMI exams. See on Amazon We earn a commission if you click this link and make a purchase, at no additional cost to you #ad 07/19/2023 01:40 pm GMT But what if you don’t use PMI methods?

Logistics 256

Logistics Artificial Inteligence PMI Performance Measurement 256

Kiron Bondale

FEBRUARY 20, 2022

Project management standards such as the PMBOK® Guide, Sixth Edition state that contingency reserves, which are established to offset the cost or schedule impacts of realized identified risks, are considered part of the project budget and cost baseline. This matches my own experience from the previous two companies I worked for.

Risk Management 328

Risk Management PMI Construction Budget 328

Rebel’s Guide to PM

OCTOBER 4, 2021

PRINCE2 stands for Projects IN Controlled Environments and is a widely used project management method. This is all done in an environment of seven themes: business case, organization, quality, plans, risk, change and progress. The PMI approach has a huge amount of detail that will help you approach your projects in a professional way.

Prince2 420

Prince2 Underperforming Technical Team Certification PMI 420

Rebel’s Guide to PM

MARCH 23, 2023

I think this course is aimed at early-career project professionals who quickly need to upskill in planning, scheduling and project controls. Best for project managers with some experience who want to improve their planning and project control. Finally, there is nothing in the course about soft skills (the ones PMI calls Power Skills).

Technical Review 470

Technical Review Planning Certification Risk Management 470

Epicflow Blog

JUNE 24, 2021

Risk is often perceived as a potential hazard or something that should be better avoided. However, we all know that the road to success is fraught with risk, as it’s often associated with new opportunities that lead to better results. The process of managing projects is always accompanied by a certain degree of uncertainty and risk.

Risk Management 97

Risk Management Risk Underperforming Technical Team Technical Review 97