The IIL Blog

OCTOBER 4, 2023

By Vincent Marguier October 4, 2023 Risk management is a dynamic component of any project, where risks—and opportunities—must constantly be assessed and monitored to deliver in the most successful way. When the end user is a patient, we must reduce the risk factor to the strict acceptable minimum, straight from the start.

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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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Scrum.org

AUGUST 14, 2023

For this reason, defining requirements up front is not compatible with Scrum, because Scrum teams don’t deliver value in one “big bang”. In this article, we will explore how defining requirements up front limits the Scrum team’s ability to learn, inhibits incremental delivery, and ultimately clashes with Scrum.

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ProjectManager.com

AUGUST 27, 2019

The project sponsor is responsible for many aspects of the project, from initiating and ensuring the success to approving and establishing parts of the project. Defines the criteria for project success and how it fits with the overall business. Ensures project is properly launched and initiated. Initiation Duties.

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Project Risk Coach

NOVEMBER 2, 2020

In today's article, I'll test your understanding of risk attitude. We'll also explore different risk attitudes and how they can affect risk evaluations. Project managers should seek to understand the risk attitudes of key stakeholders because: A. Negative risk attitudes can reduce a project team's motivation.

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Project Risk Coach

JANUARY 14, 2019

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. Consider using this syntax: Cause -> Risk -> Impact. ” Risk Owner. Risk Score.

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ProjectManager.com

SEPTEMBER 28, 2020

Plan for project risks with this risk register template for Excel. Define risk priority and the potential impact for each. Risk is going to happen, but with this free risk tracking template handy, you can prepare for it and have a response already thought out and in place. Every project has risk.

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Project Risk Coach

NOVEMBER 26, 2018

Initiate a Project Steering Committee Sometimes, the person responsible for project management (e.g., Determine the problems and define a plan for improvement. Define the problem(s) to be addressed (e.g., Define the goals. Define the scope of changes (e.g., risk management planning process).

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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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Resource Guru

MARCH 7, 2023

If your project isn’t built on a solid foundation at the initial phase of a project it’s far more likely to run into much larger problems further down the line. Let’s take a closer look at the initiation phase of a project life cycle, so that you can make sure your project can stand the test of time (and wind, should that be a factor).

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Project Risk Coach

FEBRUARY 7, 2022

These conversations provide accurate insights into project performance, threats, and opportunities that can affect important strategic initiatives." Based on the SWOT analysis, define clear, results-oriented goals. Additionally, define the roles of the PMO. PMBOK® Guide, Seventh Edition, p.214.

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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. Rather, it’s a team effort guided by standardized processes, well-defined roles and responsibilities and collaboration.

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Proofhub

JANUARY 4, 2021

As you start your project, you need to take the initiative on the preparatory work, from preparing the scope, estimating the costs, assigning resources, and creating a project timeline, to getting sign-off on the key performance indicators. These things will dictate the way you initiate and manage your project from idea to conclusion.

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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? An organization’s risk champion (e.g.,

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Rebel’s Guide to PM

JULY 5, 2017

We all know that defining your project well is the foundation of good project management. Initiation. To be OK in practice, you also need to have enough contingency in each of them, to accommodate the level of risk in your project. As a proxy for risk at this stage, consider a combination of: scale. Terminology.

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ProjectManager.com

DECEMBER 26, 2023

Some things program governance defines are roles and responsibilities, chain of command and other aspects of program management to help the program succeed. If properly designed, program governance will increase efficiency and reduce risk. One way to do this is by defining the success criteria.

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Project Risk Coach

JUNE 4, 2023

Poorly Defined Objectives and Scope One of the primary causes of troubled projects is a lack of clearly defined objectives and scope. To address this issue, it is crucial to establish well-defined objectives from the outset and engage stakeholders in the process to ensure everyone is on the same page.

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MPUG

APRIL 10, 2023

In this article, we will explore the importance of project initiation, cover best practices, and share 6 key steps for how project managers can get their projects started on the right foot. Project initiation represents a fresh start, and it’s an exciting time when you can use your experiences and vision to create a successful project.

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nTask

MARCH 9, 2021

Well, project initiation is a complex science, which you should master if you are even thinking of taking the first step to initiate something. So, what is project initiation and how can you make sure that you gain success in completing this step efficiently every single time? What is Project Initiation? Stakeholders.

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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? An organization’s risk champion (e.g.,

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Project Pulse Journal

NOVEMBER 12, 2023

Imagine initiating a project so effectively that it stays on track and aligns perfectly with organizational goals. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. What is Project Initiation?

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Planio

MARCH 11, 2024

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 aren’t always obvious or apparent — until you’re knee-deep trying to slog your way out of one. Create a Risk Management Plan using our free template! ?

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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. Let’s define the four balanced scorecard perspectives. You have to define where you want to be over one year, two years, etc.

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Rebel’s Guide to PM

SEPTEMBER 24, 2023

They are: Ensure continued business justification Learn from experience Define roles, responsibilities and relationships Manage by exception Manage by stages Focus on products Tailor to suit the project. You should look at what happened on past projects because that helps mitigate risk on your current project. When will it be ready?

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ProjectManager.com

SEPTEMBER 6, 2023

Review Your Company’s Current Strategic Plan An organization’s strategic plan is used to document and define the goals that should be achieved over a period of three to five years. The project being considered shouldn’t put the organization at risk beyond what it’s comfortable in risking. But that’s just one reason.

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ProjectManager.com

MAY 15, 2024

Even project initiation gets attention, but project completion is usually mentioned as an afterthought. Project completion is the final phase of a project’s life cycle, which starts with initiation and moves through planning, execution, monitoring and controlling to project completion. That’s a mistake. What Is Project Completion?

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ProjectManager.com

SEPTEMBER 14, 2023

Remember, a project is defined as time-bound that delivers a product or service. Those are called the project phases and they are initiation, planning, execution, monitoring and controlling and, finally, closing. Initiation Phase This first stage is when a project is looked at critically to determine if it’s viable and worth pursuing.

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ProjectManager.com

DECEMBER 21, 2023

Organizations define a high-level view of their direction with a strategic roadmap. It shows high-level objectives, initiatives and a timeline over which to obtain those goals that are set by the management team, who direct the effort for the rest of the organization. This is the lodestar you’ll follow and it should be clearly defined.

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Project Risk Coach

MAY 1, 2017

How do you communicate risks? Some project managers rarely mention risks; others bore people to tears with too much information. And one of the most important things to communicate is your risks. How can we communicate risks more effectively? Communicating Risks. Analyze Your Risks. What is the risk?

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ProjectManager.com

AUGUST 29, 2023

Find a term you want defined that isn’t on this project management glossary? Business Plan A formal document that clearly defines the business goals of a project and how to attain them. It helps to model the maturity of the capability of business process by defining steps and managing result metrics to optimize the process.

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ProjectManager.com

JANUARY 10, 2024

The process usually begins when a project initiator completes a project intake request form. You can even filter for the critical path to identify essential tasks and determine if the project is worth initiating. The project intake process can help them better choice which projects to initiate and which are better to pass on.

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Resource Guru

JANUARY 17, 2023

As project managers, defining and planning projects is what we do. Simply put, a project scope defines all the work and considerations required to deliver a specific outcome. If you don’t have a well-defined project scope, you’ll soon run into issues with timelines, scheduling , and resource allocation. . Project delays anyone?

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Leading Agile

SEPTEMBER 5, 2023

They initially believed in the potential, yet the results were lacking. Agile introduced a fresh metaphor for conceptualizing how to structure systems and teams, determining the work allocated to these teams, gauging progress, and executing transformation initiatives that facilitate the formation of Agile teams within organizations.

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ActiveCollab

JUNE 30, 2023

The first phase of any project is the initiation phase, where you lay the foundation for the entire endeavor. From defining your project objectives to identifying stakeholders and risks, the initiation phase sets the stage for success. WHAT IS PROJECT INITIATION?

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Scrum.org

APRIL 9, 2024

Scrum Solution : Scrum’s Product Backlog, guided by a clear Product Vision and Product Goal, establishes a strategic direction for the development initiative. They order the Product Backlog based on priorities, dependencies, risks, and value, ensuring that the most critical and valuable increments are developed first.

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Rebel’s Guide to PM

SEPTEMBER 24, 2023

They define your zone of responsibility. The 7 tolerances in PRINCE2® The two most frequently used tolerances are budget and time, although PRINCE2® offers you a choice of seven tolerances: time, cost, scope, risk, quality, sustainability and benefits. Let’s look at those individually.

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ProjectManager.com

AUGUST 22, 2023

Define Your Project Goals and Objectives Now that you have a general idea of why the project exists, you have to get a bit deeper and define its goals and objectives. Conduct a Feasibility Study A feasibility study will let you know if the project is worth initiating. What is its purpose or reason for existence?

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