ProjectManager.com

AUGUST 23, 2023

Project risk. Just the word risk can evoke the same kind of primal, fight-or-flight fear in project managers. But risk shouldn’t be feared, it’s just another part of the project to manage. All projects have some element of risk while other projects are inherently high-risk. (We’re

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Project Risk Coach

DECEMBER 4, 2022

Risk identification is an integral part of project risk management. It is essential for any project manager to know what risks might affect a project and navigate them. This article will examine the five techniques for risk identification. Techniques for Risk Identification 1.

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ProjectManager.com

NOVEMBER 28, 2023

There are many things that are needed when managing a project. To make sure you understand what organizational process assets are, first, we’ll define the terms and explain their importance. Then we’ll get into some examples to fully illustrate their meaning. But there are also tangible items that are just as important.

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ProjectManager.com

JANUARY 31, 2024

If you’re not familiar with a balanced scorecard, we’ll define the term and show the four perspectives it tracks as well as explain what should be included in a balanced scorecard. To better illustrate how a balanced scorecard works, we’ll also show an example of one and then share a free template to help you get started with yours.

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ProjectManager.com

NOVEMBER 1, 2022

The person with authority to approve work is usually the direct manager of whatever team is doing that work, but it can also be a quality assurance person or a cross-department manager depending on the process. That leads to defining who those approvers are in the workflow. Project Approval Workflow. Case Approval Workflow.

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ProjectManager.com

DECEMBER 28, 2023

Workload analysis is how project managers figure out how many team members they will need to properly execute a project. Workload tracking helps project managers reallocate team members as needed to serve the project and not overburden any one member of the project team. What Is Workload Analysis?

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Inloox

NOVEMBER 16, 2021

Introduction: The risk catalog The risk catalog - also called risk inventory - can serve as a basis for a risk analysis or the FMEA method. A risk catalog represents a structured compilation of potential project risk events. Nevertheless, the benefits of the risk catalog are also limited.

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ProjectManager.com

DECEMBER 20, 2023

For example, commercial construction can be classified into three subcategories of retail, office, multifamily and industrial construction. In this post, we’ll define industrial construction and how it differs from the rest of commercial construction. ProjectManager’s Gantt chart helps you manage your industrial construction projects.

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ProjectManager.com

FEBRUARY 3, 2022

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

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ProjectManager.com

SEPTEMBER 12, 2023

To better understand process manufacturing, let’s first define the term and explore the different types of process manufacturing. We’ll then outline the top benefits and provide a few examples across industries to make process manufacturing clear. Controlling process manufacturing production is assisted by project management software.

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Project Risk Coach

OCTOBER 5, 2020

Why are many project managers confused over risks? Why do some project managers include positive risks in risk management and others do not? Let's clarify what we mean by the term risk. Risk is a Choice Merriam-Webster defines risk as “the possibility of loss or injury: peril.”

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The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

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ProjectManager.com

NOVEMBER 17, 2023

A service level agreement, often abbreviated as SLA, is used in IT and professional services to define what a vendor is expected to do. Then we’ll outline what goes into an SLA so you can make one, with an example to flesh it out and make it more comprehensible. Project management software can help you keep track of SLAs.

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Project Risk Coach

NOVEMBER 20, 2017

Most of your project problems can be avoided or greatly reduced through risk management. The simple act of identifying and discussing risks goes a long way towards reducing problems in your project. Let’s look at how to start the risk management process. How will you identify risks?

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Rebel’s Guide to PM

APRIL 24, 2023

When it comes to managing them effectively, understanding the differences between projects and operations is key. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things! In my experience, that creates tension.

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Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

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ProjectManager.com

SEPTEMBER 20, 2023

To better understand production capacity, we’ll define the term and go into greater detail as to its importance in manufacturing. Then we’ll explain how to measure production capacity and provide a couple of examples to better illustrate it. Use our robust Gantt charts to schedule resources and costs for specific tasks. Here are two.

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Project Risk Coach

MARCH 5, 2023

I've looked at many risk registers through the years, and I've had difficulty understanding the risks many times. The risk statements were vague and lacked consistency. In this article, let's explore the benefits of clear risk statements. An accurate picture of one’s risk is important for making sound decisions.

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Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

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PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS).

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Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. However, the project manager may miss the mark. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? Let’s look at this definition closer.

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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? Why is Risk Management in Agile Projects Even a Question?

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Project Risk Coach

JANUARY 8, 2023

Risk management is an important part of the decision-making process for any project. It involves identifying, assessing, and responding to potential risks that could impact the project. In this article, we will look at some of the most frequent project risk response mistakes and explain how to avoid them.

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WorkOtter

MAY 18, 2023

Risks are common in business. These risks carry uncertainties which pose potential threats to the financial health of the organization. Projects help the business reach objectives and goals, and with each project comes its own set of risks. Importance of Risk Analysis in Project Management What is a risk in project management?

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Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

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ProjectManager.com

MARCH 9, 2022

Let’s take some time to define what a stakeholder is, examples of stakeholders and free stakeholder templates that can help with stakeholder management. A stakeholder is a person, like any other member of the project, and some will be easier to manage than others. Stakeholder Examples. But what is a stakeholder?

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ProjectManager.com

OCTOBER 31, 2023

We’ll also explain some best practices, provide an example to better illustrate what a bug report is and let you download a free bug report template to get started. Get your free Bug Report Template Use this free Bug Report Template for Excel to manage your projects better. ProjectManager’s kanban boards manage bug reporting.

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ProjectManager.com

JUNE 15, 2021

Project managers are the point person in charge of a specific project or projects within an organization. We regularly feature project management resources to help train PMs to land jobs in the industry or develop better skills in their current role. What Does a Project Manager Do? How Much Does a Project Manager Make?

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MPUG

APRIL 26, 2021

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Some were taken, but most ignored or overlooked because of other projects and lack of understanding of risk management at an organizational level.

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ProjectManager.com

NOVEMBER 8, 2023

From planning to execution, project managers and their teams are constantly choosing between one option and another or even many different options. Either way, project managers and their teams can make decisions on their gut, guided by emotion or even unconscious bias. In that case, it can be used in project management or any industry.

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Rebel’s Guide to PM

SEPTEMBER 14, 2020

Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. Scope creep is caused by lack of requirements management. The project manager is responsible for letting scope creep affect the project.

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Project Risk Coach

JUNE 26, 2017

Risk management is such an effective vehicle for climbing the tallest mountain or swimming the deepest sea. However, the risk management pitfalls are many, rendering us completely ineffective in our attempt to fulfill our dreams. Thou shalt not make risk management complicated. Forrest Gump Click To Tweet.

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Project Risk Coach

FEBRUARY 19, 2018

I fear that many project managers live by the letter of the law and may fail to gain the true benefits of risk management. These individuals are too concerned with checking boxes and making the risk management processes overly complex. Thou shalt not make risk management complicated. If so, why?

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Project Risk Coach

JANUARY 21, 2019

If you say the word “risk” to ten people, each person may think of something different— insurance, threats, investments, bets, or potential loss. As we manage project teams, it's critical that you and your team members have a common understanding of what project risk means. Next, agree on a definition for project risk.

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Project Risk Coach

DECEMBER 13, 2021

Once we've identified our project risks, we should plan and implement responses. We can optimize our risk responses over time. Project Risk Strategies How Can We Respond to Risks? Therefore, project managers should work with risk owners to plan for both threats and opportunities.

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Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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The IIL Blog

JANUARY 24, 2024

Nielsen, PMP, PgMP, PMI-ACP, CSM I have visited many companies over my 20 plus years of project and program management training and consulting. Time and time again, I see organizations are not dealing with risk appropriately. In this article, let’s look at a few ways we can change from risk managing us to us managing the risk.

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