How do YOU define project failure?

Kiron Bondale

An early project management lesson learned is that it is a good practice to start with the end in mind, especially when it comes to defining what done looks like. With risks it is recommended that we not focus solely on threats as we might miss the chance to benefit from opportunities.

How to Actually Define Risk Categories

Project Risk Coach

He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). Why Use Risk Categories?

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The 3 Most Important Things that Define Your Project

Girl's Guide to PM

We all know that defining your project well is the foundation of good project management. 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.

How to Communicate Risks

Project Risk Coach

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.

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How to Identify Scope Risks

Project Risk Coach

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks?

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How to Identify and Manage Secondary Risks

Project Risk Coach

A response to risk can create other risks. These secondary risks may be more significant than the primary risks if we are not careful. What is a secondary risk? A secondary risk is a risk that is created by a response to another risk.

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6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. Susan, on the other hand, facilitated an early risk identification workshop.

What Everybody Should Know About Controlling Risks

Project Risk Coach

Many project managers do a great job of identifying risks. Some even evaluate risks and develop response plans. However, project managers get busy as their projects progress and fail to control risks, resulting abandoned or wrecked projects. Implementing Risk Response Plans.

The 10 Risk Management Commandments You’re Breaking Every Day

Project Risk Coach

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.

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Get Ahead of Your Risks

Project Risk Coach

How to use key risk indicators Which would you prefer? To respond to risks after they occur or to see the risks early and take steps to prevent or reduce your risks? Project managers can get ahead of their risks by thinking differently. How to See Through Risks.

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Are You Making These Mistakes When Responding to Risks

Project Risk Coach

Some project managers make timely responses to risks, resulting in positive progress toward their project goals; others act haphazardly, resulting in undesirable consequences. Chuck Swindoll told a funny story that illustrates the dangers of costly mistakes when responding to risks.

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How to Unite Enterprise and Project Risk Management

Project Risk Coach

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?

Construction Risk Management: What to do when your project goes wrong

Geniebelt

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. How we could define risk in a construction project.

12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. Improving Risk Management.

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How to Identify, Evaluate, and Respond to Sneaky Risks

Project Risk Coach

How do you know when to respond to sneaky risks? Part of our problem is unknown risks; these risks silently steal and kill over time. Even if we are aware of certain risks, we may be unsure of when to respond. How a Risk Can Sneak In. How to Identify Sneaky Risks.

7 Ways to Identify Risks

Project Risk Coach

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. When to Identify Risks.

Unknowable in the risk spectrum

Musings on Project Management

Would you agree that safety risk guru Matthew Squair has it about right that this is a fair representation of the risk spectrum? Actually, I'm not so sure about the "Is it possible" controlling and mitigating for ontological uncertainty (Squair defines ontological uncertain this way: "Ontological uncertainty lies at the far end of our continuum and. Risk Management

How to Reduce Risk Evaluation Bias

Project Risk Coach

Let’s look at different types of biases and ways to reduce bias in the risk evaluations. PMI’s Practice Standard for Project Risk Management explains motivational bias is “where someone is trying to bias the result in one direction or another.” How to Reduce Bias When Evaluating Risks.

Project Risk Management: A Competitive Necessity

Arras People

Kicking off project management in the New Year, here’s Megan Cacioppo from Deltek with a post-Christmas present, Project Risk Management for Dummies, available for you to download. Are you on the forefront of effective risk management?

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Risk Management includes all the processes involved in risk identification, regulation, and mitigation on a project. The objective is to increase the likelihood of positive risks (opportunities) and decrease the likelihood of negative risks (threats). Control Risk.

Increasing the Probability of Project Success

Herding Cats

Domain is King, No Domain Defined, No Way To Test Your Idea. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance Measures

Project Management Basics: 6 Steps to a Foolproof Project Plan

Wrike

Step 3: Define Deliverables. You can actually finalize dates when you sit down to define your project schedule in the next step.). Look at each deliverable and define the series of tasks that need to be completed in order to accomplish each one.

How comical is your project?

Kiron Bondale

Risk (mis)management. A modicum of effective risk management might have caused him to utilize an avoid risk response by picking a slightly less adventurous event although with that group it is hard to envision what would be a perfectly safe one!

Avoiding project change analysis denial of service!

Kiron Bondale

Wikipedia defines a denial-of-service attack as “ a cyber-attack where the perpetrator seeks to make a machine or network resource unavailable to its intended users, such as to temporarily or indefinitely interrupt or suspend services of a host connected to the Internet.

The Risk Management Plan

Project Risk Coach

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. The highest risks?

4 Tips for an Effective Project Management Plan

Wrike

On a single page, include the following: Define the problem your project management plan is intended to solve. Include any difficulties the team may encounter and risks involved in the project. Leaders always have to be ready to adapt to changing circumstances and meet fresh challenges.

How to Identify and Manage Secondary Risks

Project Risk Coach

A response to risk can create other risks. These secondary risks may be more significant than the primary risks if we are not careful. What is a secondary risk? A secondary risk is a risk that is created by a response to another risk.

Making Decisions in the Presence of Uncertainty

Herding Cats

More can be found on this in Both Aleatory and Epistemic Uncertainty Create Risk. . NoEstimates Decision Making Estimating Management RiskAll project work is uncertain. This uncertainty comes in two forms - Aleatory and Epistemic.

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How to Improve Results With Better Risk Statements

Project Risk Coach

Vague risk statements lead to poor risk response planning. When organizations or project teams fail to respond to significant risks (i.e., Risk management starts with identifying risks and writing clear risk statements. Why do people define risks poorly?

From Mission Capabilities to Done

Herding Cats

The TPM assess design progress, define compliance to performance requirements, identify technical risk, are limited to critical thresholds, and include projected performance goals.

Top 13 Project Management Methodologies and Styles

Azendoo

Project managers will have a well-defined description of the project’s duration. As an iterative project management style, scrum features various “sessions” sometimes defined as “sprints” which generally last for 30 days. Ability to take risks.

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Definition of Done

Herding Cats

The Technical Performance Measures assess design progress, define compliance to performance requirements, identify risk, are limited to the critical thresholds, and include projects performance. Risk Management is How Adults Manage Projects.

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An Effective Project Kick-Off Meeting Needs Preparation

Arras People

Failure to prepare for this meeting will put the project at risk right from the start. Defining these elements will drive the decisions you must make for staffing the project and developing the project plan. Step 3: Develop a project assumptions and risk list.

How to Unite Enterprise and Project Risk Management

Project Risk Coach

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?

How good is project sponsorship in your company?

Ron Rosenhead

One of them is: There is always clear sponsorship defined for our projects? No matter what risk scoring process you use I would say this is in the red zone.

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Have You Left Anything Out of Your Project Plan?

Project Risk Coach

As I define my baselines and plans, I strive for clarity, brevity, and simplicity. Define how you will identify, define, combine, unify, and coordinate the project processes and activities. Define how you will plan, execute, and control scope. Project Risk Management Plan.

What to Do When a Bad Moon is Arising on Your Project

Project Risk Coach

The Project Management Body of Knowledge (PMBOK) defines risk as, “An uncertain event or condition that, if occurs, has a positive or negative effect on one or more project objectives.”. One of the most dangerous threats may be the unknown risks. 4=Control risk control

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

The order of the needed Capabilties in defined in the business strategy. . Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis. Uncertanty creates Risk.

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

Defining the project scope. Clearly defining the scope will help your team focus and ensure that you and the customer have the same understanding of what will be included in the solution. If you want to know what success looks like for your project, you need to define what that means.

The Project Sponsor Role: How a Great Project Sponsor Helps you Succeed

Project Bliss

If your project doesn’t have the resources it needs, there’s risk that your timeline or quality will suffer. Lack of stakeholder engagement and support is a big risk to your project success. Having a weak project sponsor can be a risk to your project.