ProjectManager.com

OCTOBER 20, 2021

There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. It’s no wonder so much of project management is focused on risk! What is a Project Risk? Negative risk?

Risk Management 340

Risk Management Risk Planning Monitoring 340

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.”

Risk 418

Risk Prince2 Risk Management Governance 418

Rebel’s Guide to PM

SEPTEMBER 26, 2022

Mike Clayton defines risk as “uncertain events that can affect outcomes,” in his book, Risk Happens!: Managing Risk and Avoiding Failure in Business Projects. Risk management is the most important of your project controls. So what exactly is project risk management? It won’t.

Risk 373

Risk Prince2 Risk Management PMO 373

ProjectManager.com

NOVEMBER 28, 2023

There are many things that are needed when managing a project. An organizational process asset is a tangible resource that’s used to guide the management of an organization’s projects and operations. Organizational process assets may also include schedules, risk data and earned value data.

Process 361

Process Defining Executing Controlling 361

Project Risk Coach

OCTOBER 9, 2022

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. Which PMI Risk Standard Should You Study? The exam pilot occurred in December, 2021.

Risk Management 195

Risk Management Risk 2009 PMI 195

ProjectManager.com

NOVEMBER 23, 2023

The use of capital budgeting offers an objective view that helps managers figure out how to invest capital in order to increase business value but also helps the overall health of the company. Capital budgeting is part of the larger financial management of a business, focusing on cash flow implications when making an investment decision.

Budget 340

Budget Technical Review Software Review Executing 340

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.

Risk Management 78

Risk Management Risk Cadence 2023 78

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

ProjectManager.com

DECEMBER 9, 2019

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

Risk 444

Risk Risk Management Estimate Project Life Cycle 444

Project Risk Coach

NOVEMBER 20, 2017

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. How will you identify risks?

Risk Management 199

Risk Management Risk Planning Monitoring 199

ProjectManager.com

MARCH 31, 2023

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is Project Management? Get started for free today.

Project Life Cycle 397

Project Life Cycle Software Review Monitoring Budget 397

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.

Risk 365

Risk Underperforming Technical Team Technical Review Risk Management 365

ProjectManager.com

FEBRUARY 3, 2022

If you’re new to project management , a project charter template can set you up to make sure you’re hitting all the major points. The charter also identifies the main stakeholders and defines the authority of the project manager. Follow our quick guide to writing and executing your project management charter below.

Risk Management 504

Risk Management Budget Defining Software Review 504

ProjectManager.com

SEPTEMBER 12, 2023

Controlling process manufacturing production is assisted by project management software. ProjectManager is award-winning project management software with powerful Gantt charts that plan out the entire process of manufacturing step by step to ensure everything is done properly. Learn how we manage your resources and control your costs.

Manufacturing 370

Manufacturing Process Controlling Closing 370

Musings on Project Management

FEBRUARY 10, 2020

Ideas about extreme risk management have been around a long time. Here's a working definition: Extreme risks are those for which the consequences are nearly irreversible, and the impact is near-catastrophic. No news there, so let's press on. And, fortunately, in most cases, the likelihood of the event is low.

Risk Management 259

Risk Management Risk 259

PM Basics

SEPTEMBER 8, 2022

I’ve been managing software development projects for more than 11 years. Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. You’ll get the whole risk management process below.

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

Project Risk Coach

JANUARY 21, 2019

If you say the word “risk” to ten people, each person may think of something different— insurance, threats, investments, bets, or potential loss. As we manage project teams, it's critical that you and your team members have a common understanding of what project risk means. Many credible sources provide conflicting definitions.

Risk 331

Risk Risk Management Defining Planning 331

Inloox

APRIL 16, 2024

SWOT analysis in the project management context Why should I conduct a SWOT analysis? The word SWOT is made up of the following four words: S trengths W eaknesses O pportunities T hreats The application of the SWOT analysis covers a variety of fields such as marketing, general management or the development of human resources and executives.

Artificial Inteligence 100

Artificial Inteligence Underperforming Technical Team Technical Review Development Team Review 100

Rebel’s Guide to PM

AUGUST 29, 2021

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.

Risk 320

Risk Technical Review Risk Management Estimate 320

Kiron Bondale

FEBRUARY 27, 2022

While presenting the project risk management knowledge area from the PMBOK framework, when I indicated that while in our daily conversations risks are usually threats there can be positive risks as well, I was met with some disbelief and skepticism. A positive risk is not something recognized outside of the PM space.

Risk 334

Risk Risk Management PMI Construction 334

ProjectManager.com

MAY 9, 2022

Managing a project is a very challenging, but project evaluation makes it easier. But it’s not as simple as it sounds, project managers need to keep track of costs, tasks and time during the whole project life cycle to make sure everything goes as planned. What Is Project Evaluation? Get started for free. Project Evaluation Methods.

Process 369

Process Software Review Underperforming Technical Team Project Life Cycle 369

Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. However, the project manager may miss the mark. 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? Let’s look at this definition closer.

Risk 195

Risk Underperforming Technical Team Risk Management Defining 195

Scrum.org

SEPTEMBER 27, 2023

Over time, various myths and beliefs have surrounded the concept of the Definition of Ready. In this article, we aim to dispel any lingering doubts so that you can confidently decide "To use Definition of Ready or not to use." Did you notice that there was no mention of Definition of Ready anywhere above? What does it entail?

SCRUM 200

SCRUM Risk Management Estimate Closing 200

ProjectManager.com

SEPTEMBER 16, 2020

There’s never enough time when managing a project. Project managers don’t have the luxury to quote poems to stakeholders when going off track. Changes in a project are common, but it’s the project manager’s responsibility to make sure that those changes don’t produce a negative impact on the project schedule. It’s a trade off.

Software Review 512

Software Review Budget Risk Management Executing 512

Scrum.org

JULY 10, 2018

Often I hear people say that Scrum does not take care of risk: there is no risk log, risk is not on the agenda of the Sprint Review or Retrospective as a standard agenda-item. That's a risk right there! How is risk managed in Scrum? Scrum is all about risk management. Different types of risks.

Risk Management 125

Risk Management Risk Technical Review Underperforming Technical Team 125

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

MARCH 9, 2022

Let’s take some time to define what a stakeholder is, examples of stakeholders and free stakeholder templates that can help with stakeholder management. A stakeholder is a person, like any other member of the project, and some will be easier to manage than others. They can easily be shared to manage your stakeholders expectations.

Software Review 476

Software Review Influencer Governance Government 476

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.

Risk 284

Risk Software Review Risk Management Underperforming Technical Team 284

ProjectManager.com

NOVEMBER 23, 2020

Project managers’ reports are the means by which these types of deliverables are presented to clients and stakeholders. In order to meet their needs, a project management software must be able to filter the many data inputs to deliver the proper output. All project activity is managed against the project plan.

Project Life Cycle 421

Project Life Cycle Executing Risk Management Initiating 421

Project Risk Coach

AUGUST 7, 2016

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. Matching Game: Project Risk Management. Feel free to share it with other project managers.

Risk Management 150

Risk Management Risk PMI Executing 150

Management Yogi

AUGUST 29, 2023

Portfolio Risk Management differs significantly from project and/or program risk management. While there are similarities among the processes, procedures, actions in risk management, risk management in portfolio differs in many areas.

Risk Management 90

Risk Management Risk PMI Process 90

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 391

Risk Healthcare Risk Management Executing 391

Scrum.org

MAY 31, 2019

An organization’s ability to rapidly and deliberately respond to changing demand, while controlling risk helps ascertain its Agility. If practiced in true essence, Scrum helps teams and organizations mitigate risks through its rules. Definition of ‘Done’. Mitigating risk needs to be integral part of building any product.

Risk 181

Risk Risk Management SCRUM Software Review 181

ProjectManager.com

MAY 30, 2023

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. Project management software can help ensure that all general conditions in your commercial construction project are included in the project plan. These general conditions in construction are varied and costly.

Construction 260

Construction Infrastructure Estimate Defining 260

Kiron Bondale

JUNE 12, 2022

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it.

Risk 207

Risk Risk Management PMI Leadership 207

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. The better risk management is handled in your project, the greater the probability of success, all other things being equal.

Risk 172

Risk Underperforming Technical Team Governance Government 172

Kiron Bondale

DECEMBER 8, 2019

Working agreements such as Definitions of Ready or Definitions of Done can be thought of as experiments to validate whether teams are able to efficiently complete work items and whether teams understand what complete means. Assumptions which have not been validated are a common source of project risks.

Risk 279

Risk Risk Management Construction Agile 279