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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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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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How to list project management skills on your resume

Rebel’s Guide to PM

They will program in keywords from the advert so those are definitely the ones to focus on. There’s now a trend towards calling them ‘power skills’ (started, I believe, by PMI) because calling them ‘soft’ makes them seem easy. Many employers use sifting tools that look for keywords. Soft skills (a.k.a.

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Managing Project Assumptions and Risks

The IIL Blog

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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PRINCE2 and PMBOK: How They Compare

Rebel’s Guide to PM

First came PRINCE in 1989 as the UK government standard for IT project management. This is all done in an environment of seven themes: business case, organization, quality, plans, risk, change and progress. The PMI approach has a huge amount of detail that will help you approach your projects in a professional way.

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Project management degrees: Do you need one and what you can do with it

Rebel’s Guide to PM

She wrote: I have been advised that you have to do a degree in a particular subject e.g. engineering, do project management training e.g. PMI®, PRINCE2® etc and work your way up in order to become a project manager. PMI reports an expected global need for 25 million new project professionals by 2030. Is this true?