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.

Risk 78

Risk Risk Management 2012 PMI 78

ProjectManager.com

AUGUST 27, 2019

According to the Project Management Institute (PMI), the project sponsor role can be broken into three parts: vision, governance and value or benefits realization. Defines the criteria for project success and how it fits with the overall business. Defines project roles and reporting structure. Governance. Values & Benefits.

Defining 296

Defining Governance Government Initiating 296

Project Risk Coach

JANUARY 9, 2024

In the intricate world of project management, where each decision can lead to a myriad of outcomes, the ability to forecast and manage potential risks is invaluable. How to Perform Decision Tree Analysis Here's a step-by-step guide on how to perform decision tree analysis for quantitative risk analysis. minimize cost, reduce time).

PMI 221

PMI Estimate Risk Management Risk 221

Rebel’s Guide to PM

APRIL 22, 2019

Risk management is one of the core knowledge areas for project managers. You’ve identified and assessed your project risks—both threats and opportunities. Now, you are planning your risk responses with your risk owners. A risk response is the way you intend to address the risk. Harry Hall.

Risk 387

Risk Risk Management Healthcare Executing 387

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.,

Risk Management 268

Risk Management Risk PMI Technical Review 268

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.

Underperforming Technical Team 330

Underperforming Technical Team Risk Management Software Review Budget 330

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.,

Risk Management 240

Risk Management Risk PMI Technical Review 240

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. And when it comes to taking risks, provide the team with a clear understanding of their organization’s risk appetite and help them to define the limits for different types of risks.

Risk 194

Risk Risk Management PMI Leadership 194

ProjectManager.com

OCTOBER 6, 2022

But before looking at them in more detail, let’s first define what a project management certification is. In this list, we’ve compiled choices from the top project management certifications providers, such as the project management institute (PMI), Axelos and Google. Price: PMI members, $225, nonmembers, $300.

Certification 432

Certification 2022 Prince2 PMI 432

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.

Risk Management 88

Risk Management Risk Cadence 2016 88

Project Risk Coach

SEPTEMBER 8, 2020

The Merriam-Webster dictionary defines opportunity as "a set of circumstances that makes it possible to do something." 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. What is a Project Opportunity?

PMI 248

PMI Risk Management Risk Executing 248

MPUG

DECEMBER 12, 2022

The PMI-RMP® credential is an industry renowned certification, certifying that Risk Management Professionals have the necessary knowledge to apply project risk management knowledge, principles, tools, and techniques. This article will assist you in preparing for the PMI-RMP Exam. The PMI RMP Exam Blueprint.

PMI 64

PMI Underperforming Technical Team Risk Management 2022 64

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).

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Process Technical Review Software Review Influencer 415

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

Rebel’s Guide to PM

MARCH 18, 2021

In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. But what if you don’t use PMI methods? Although this list draws on PMI materials, it’s still going to be useful to you even if you use a different approach. What is an artifact?

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

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.

Governance 122

Governance Government Risk Management Risk 122

ProjectManager.com

JUNE 15, 2021

So we thought it would be a great idea to take a look at what core qualifications are required of project managers and define their responsibilities and the common job descriptions for several PM roles. There are two major certifying bodies, PRINCE2 and the Project Management Institute (PMI). What Does a Project Manager Do?

Certification 441

Certification Prince2 Monitoring PMI 441

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

Rebel’s Guide to PM

JULY 20, 2023

Mostly, the term refers to the project documentation you produce that defines and supports the work you are doing. 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. An artifact is something you create. Documents are documents.

Logistics 253

Logistics Artificial Inteligence PMI Performance Measurement 253

Rebel’s Guide to PM

FEBRUARY 15, 2021

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. PMI defines a domain like this: The high-level knowledge area that is essential to the practice of project management. Domain I: People. Yes, it’s a lot.

Technical Review 464

Technical Review PMI Influencer Leadership 464

Rebel’s Guide to PM

OCTOBER 3, 2023

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) Seventh Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. PMI defines a domain like this in the exam content outline: The high-level knowledge area that is essential to the practice of project management.

Technical Review 292

Technical Review Software Review PMI 2023 292

ProjectManager.com

AUGUST 22, 2023

Risk Management A project risk is an unexpected event, which can be positive or negative. Risk management is a process to identify, manage and resolve these risks, whether it’s to take advantage of a positive one or mitigate a negative one. This is done through a resource management plan.

Certification 353

Certification Leadership Risk Management Budget 353

Rebel’s Guide to PM

FEBRUARY 20, 2022

PMI defines ethics like this: Ethics is about making the best possible decisions concerning people, resources and the environment. The PMI website says: Ethical choices diminish risk, advance positive results, increase trust, determine long term success and build reputations. What is Ethics in Project Management?

Underperforming Technical Team 417

Underperforming Technical Team PMI Risk Management Estimate 417

ProjectManager.com

OCTOBER 6, 2023

They lead the strategic planning and project governance for the organization and define the project management methodologies that are used to manage those projects. They standardize best practices and oversee related business administration, risk management and change management. The responsibilities of a PMO director are varied.

PMO 341

PMO Software Review Governance Government 341

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). You’ll also need to define scope in a scope statement. This is anything from a sentence to a bulleted list that is comprehensive to reduce major project risks. Project Risk Management.

Monitoring 499

Monitoring Risk Management Controlling Technical Review 499

Rebel’s Guide to PM

SEPTEMBER 29, 2021

In the PMI Business Analysis Practice Standard, business analysis is defined like this: The set of activities performed to identify the business need and recommend relevant solutions; and to elicit, document, and manage requirements. What does a business analyst do? They are the people who herd the cats. Interpersonal skills.

2020 399

2020 Certification PMI 2013 399

ProjectManager.com

MAY 19, 2022

Successful CEOs Ram Charan and Larry Bossidy define execution in their book Executive: The Discipline of Getting Things Done : “Execution is a specific set of behaviors and techniques that companies need to master in order to have a competitive advantage. You should have developed a risk management plan during the planning phase.

Executing 499

Executing Project Life Cycle Software Review Technical Review 499

Rebel’s Guide to PM

SEPTEMBER 14, 2020

These are laid out in a research paper from PMI *. The change log is like a risk or issue log and in its simplest form is a document where changes and activities are written down. The risk of scope creep comes when additional scope items are added part-way through an iteration or sprint. Is scope creep a risk?

Underperforming Technical Team 450

Underperforming Technical Team 2009 Controlling Risk Management 450

ProjectManager.com

OCTOBER 21, 2022

Program managers must excel at risk management, resource management and project planning , among other things. They define the program controls, or the processes, procedures, reporting, etc., They manage the risks and issues that might arise over the course of the program life cycle and take measures to correct them when they occur.

Certification 387

Certification Risk Management PMI Budget 387

ProjectManager.com

MAY 11, 2021

According to the Project Management Institute (PMI), many organizations don’t measure (and therefore don’t manage) benefits, which means only a small number of organizations are achieving their targeted benefits. Defining the metric used to measure the benefit and what the baseline will be. Describing what the benefit is.

Planning 428

Planning Monitoring Risk Management Technical Review 428

Rebel’s Guide to PM

JANUARY 31, 2024

The basics: defining quality Knowing how you are going to manage quality feeds into your quality plan (obviously). The APM BOK defines project quality as: “The fitness for purpose of the degree of conformance of the outputs of a process, or the process itself to requirements.” The options are: Once (i.e.

Software Review 325

Software Review Technical Review Budget Defining 325

MPUG

AUGUST 21, 2023

Thinking About Risk… Do you thrive in uncertainty? Projects can reflect very different attitudes toward risk management. By gauging the risk appetite of stakeholders, a Project Manager can understand the relative importance of achieving or missing specific project or work stream objectives. Or do you have a Plan B, C, D, and E?

Risk 52

Risk Project Life Cycle Risk Management Leadership 52

Project Risk Coach

MAY 21, 2018

Subsidiary Project Plans The Project Management Institute (PMI) highlights ten Knowledge Areas. PMI is not saying that we need to include all ten of the plans for every project management plan. Project Integration Management Plan Define how you will identify, define, combine, unify, and coordinate the project processes and activities.

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Underperforming Technical Team Planning Project Life Cycle PMI 220

The IIL Blog

NOVEMBER 29, 2023

Clear, structured learning path with defined certification levels, from Foundation to Practitioner. This role involves managing product backlogs, defining user stories, and ensuring value delivery to the end-users. How do I choose the right risk management certification? Compatible with other project management methodologies.

2024 166

2024 Certification Prince2 PMI 166

Project Risk Coach

AUGUST 5, 2019

Think about it—in the project charter process, project sponsors and managers have the opportunity to engage key stakeholders for the express purpose of defining the vision of a project. PMI Pulse research shows actively engaged sponsors are by far the top driver of projects meeting their original goals and business intent. Join Me Now!

PMI 299

PMI Initiating PMO Risk Management 299

Rebel’s Guide to PM

JULY 28, 2023

According to PMI, 11.4% B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track As you can see, this equates to the acronym BRAG. There’s a significant level of project risk with no plans to address that risk.

Software Review 280

Software Review PMO Risk Management Closing 280