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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ProjectManager.com

SEPTEMBER 6, 2023

How to Align Your Projects to Your Business Strategy Here are some simple steps you can follow when planning your projects to make sure they’re aligned with your business strategy. The project being considered shouldn’t put the organization at risk beyond what it’s comfortable in risking. Learn more. Here are some more.

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Software Review Risk Management Initiating Risk 331

Rebel’s Guide to PM

NOVEMBER 25, 2023

We challenge leaders, we talk about risk and what might go wrong and we call people out on poor performance through project monitoring and control. In this article, we’ll look at the causes of team conflict on projects, how to identify conflict and resolution strategies so you can all get back to work. What is team conflict?

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Underperforming Technical Team Software Review Risk Management 2012 326

Project Risk Coach

NOVEMBER 14, 2022

This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Ensuring that all of the risks are addressed can be a daunting task, particularly for larger, complex projects. A risk owner may be assigned when risks are identified.

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Risk Management Risk Underperforming Technical Team PMO 396

ProjectManager.com

FEBRUARY 26, 2021

Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. In this article, we’ll discuss strategies that let you get a glimpse at potential risks, so you can identify and track risks on your project. What is Risk Management on Projects?

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Project Risk Coach

JANUARY 11, 2021

Ask 10 different risk management experts to define emerging risks, and you will likely receive different points of view. In this article, let's define emerging risks, discuss ways to identify them, and look at different ways to manage these risks. What are Emerging Risks? Click to Tweet. I get this.

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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.” Peter Bernstein.

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Project Risk Coach

NOVEMBER 1, 2021

In this article, let’s see how the PMBOK® Guide, Seventh and Sixth Editions differ, explore the Risk Principle in the Seventh Edition, and look at how risk management methods relate to principles. 3 The Risk Management Principle 4 What is a Method? Here are some takeaways from this risk management principle.

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The IIL Blog

MARCH 5, 2024

The ITIL certification scheme provides a defined learning path benefiting the individual at each designation. The two Strategic Leader modules are: Direct, Plan and Improve; and Digital and IT Strategy. Can it support career progression? Source: Axelos, ITIL 4 certification scheme Can it apply outside of a technology function?

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Project Risk Coach

JUNE 9, 2023

However, by adopting efficient strategies, we can optimize our time and increase productivity. Start by identifying your most important tasks and defining clear goals. Stay updated on the latest tools, techniques, and strategies related to your field of work. How About You?

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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. reduce the scope).

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Risk Risk Management Defining Planning 195

Rebel’s Guide to PM

APRIL 11, 2022

Have you been asked to pull together a strategy planning meeting agenda? In this article, I’ll explain what a strategic planning meeting can cover and share a sample agenda you can customize for your strategy sessions. Strategy planning doesn’t just happen. There’s no fixed cadence for strategy conversations.

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Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. 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? First, risk appetite is the degree of uncertainty. Let’s look at this definition closer.

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ProjectManager.com

AUGUST 18, 2021

Let’s take a look at what aggregate production planning is and some aggregate planning strategies. Aggregate planning defines the necessary production inputs for a good or service (including facilities, workforce, raw materials and inventory levels) to maintain consistent delivery dates, all while keeping costs down. Try it for free!

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Planning Underperforming Technical Team Manufacturing Budget 356

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, 2021

Taking the time to engage in demand planning can help you mitigate those risks. All demand plans roughly follow these seven steps: Assemble Your Team: Put together a coordinated and effective cross-functional team with clearly defined roles and responsibilities. Tips, Strategies and Tools appeared first on ProjectManager.com.

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Inloox

FEBRUARY 2, 2023

Know the risks in your project! Risk management plays an enormously important role in project management. The task here is to identify, analyze, control and ultimately minimize risks. Although some risks can be eliminated with a suitable solution strategy, certain risks can never be completely avoided in the project context.

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ProjectManager.com

SEPTEMBER 22, 2021

There are six steps when managing project time: Define Activities: Define all the tasks necessary to produce the project’s final deliverable. Control Schedule: Develop a strategy to mitigate risk and address changes to the project schedule when it’s executed. Time Management Strategies. Learn More!

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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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Risk Software Review Risk Management Underperforming Technical Team 286

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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Risk Risk Management Technical Review Information Technology 342

ProjectManager.com

AUGUST 27, 2019

Aligns project with business strategy, goals and objectives. Defines the criteria for project success and how it fits with the overall business. Defines project roles and reporting structure. Makes sure that risks and changes are managed. In that sense, they’re also in charge of making sure risk management is successful.

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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.

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Scrum.org

SEPTEMBER 6, 2023

To excel in this stance: Defining the Vision: Craft a compelling vision statement that outlines the purpose, benefits, and impact of the product. Risk Assessment and Mitigation: Identify potential risks and plan strategies to mitigate them effectively.

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Project Risk Coach

DECEMBER 26, 2017

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. However, the risks are never discussed again. When to Identify Risks.

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Risk Software Review Risk Management Energy 306

The Strategic Project Manager

FEBRUARY 21, 2024

Finally, it looks at the impact and application of the Buyer Value Equation framework for developing strategy and managing projects. The “Buyer Value Equation” is a concept used in marketing and business strategy to quantify the value proposition that a product or service offers to potential buyers.

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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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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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Risk Management Risk PMI Technical Review 268

The IIL Blog

JANUARY 17, 2024

This is a guide to exploring key strategies for growing your project management career throughout the year. Professionals are carving niche areas within project management, such as risk management or change management. Explore Specialization Opportunities The project management field is becoming increasingly specialized.

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The Strategic Project Manager

MARCH 14, 2024

It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy. What Is a Value Innovation Strategy? “Value innovation” is a concept introduced by W.

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Innovation Sustainability Performance Measurement Risk Management 52

The Strategic Project Manager

MARCH 11, 2024

This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas tool is a management tool introduced by W. Value: Moderate.

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Technical Review Innovation Sustainability Retail 105

Project Risk Coach

DECEMBER 10, 2018

Well, let's talk about project risks and issues, the differences, and why it's so important to manage risks. What is Risk? The Project Management Body of Knowledge (PMBOK) defines risk as, “An uncertain event or condition that, if it occurs , has a positive or negative effect on one or more project objectives.”

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Risk Risk Management Energy Defining 265

Project Risk Coach

OCTOBER 27, 2016

How to Connect Emerging Risks, Strategies, and Project Management. Is your organization identifying and managing emerging risks? How have researchers and farmers responded to this risk? Emerging risks were recognized years ago but management has failed to take appropriate steps to mitigate these enterprise risks.

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NimbleWork

MARCH 7, 2024

Organizations can employ a migration framework depending on their readiness to transition, incorporate change, manage risks and enable a culture of a truly Agile enterprise. Organizational Culture: The influence of organizational culture and mindset is another key component of your Agile transformation strategy.

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Agile Software Review Technical Review Leadership 114

NimbleWork

APRIL 15, 2024

This includes defining project goals, creating a detailed project plan , managing resources, and communicating with stakeholders. Risk Management Identifying and managing risks is an important part of project management. According to the Project Management Institute , the global economy will require 87.7

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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. By looking at performance from these different lenses, a business or organization can put its strategy in context.

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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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Risk Management Risk PMI Technical Review 240

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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Risk Management Risk Cadence 2023 79