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Project Risk Management: How-to guide (with tips)

Rebel’s Guide to PM

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business.

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How to Implement Effective Project Portfolio Governance

WorkOtter

Implementing a strong governance framework involves setting up clear processes for project approval, oversight, and review. Governance should be designed to ensure that all projects align with strategic goals and that they are executed according to standardized best practices. What is Portfolio Governance?

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Enterprise Risk Management (ERM) and Risk Governance

MPUG

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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The Confusion Over Risk

Project Risk Coach

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.” Peter Bernstein.

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The Standard for Risk Management in Portfolios, Programs, and Projects

Project Risk Coach

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the PMI Risk Management Professional (PMI-RMP®) exam. The New PMI-RMP® Exam PMI released the new PMI-RMP® Exam on April 1, 2022.

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What Is a Project Sponsor? Defining This PM Role

ProjectManager.com

For example, a government project is going to have a state official as project sponsor who will work with the construction company’s project manager. According to the Project Management Institute (PMI), the project sponsor role can be broken into three parts: vision, governance and value or benefits realization. Governance.

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Organizational Project Management (OPM) Basics

ProjectManager.com

For example, it helps with selecting, defining and delivering projects. This is done by a variety of skills and techniques, led by a project manager and includes defining project scope, identifying deliverables, managing risks and effective communication across teams. The goal is to improve organizational performance.

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