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Types of Risks In Project Management – Are All Risks Equal?

WorkOtter

Risks are common in business. These risks carry uncertainties which pose potential threats to the financial health of the organization. Projects help the business reach objectives and goals, and with each project comes its own set of risks. Importance of Risk Analysis in Project Management What is a risk in project management?

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Estimating Projects: What you Need to Know

nTask

Estimating projects is part and parcel of project management for any project. However, estimating projects with accuracy is not always so successful. In fact, many of the issues in project management can be traced back to failed attempts at estimating projects. Why Does Estimating Projects so Often go Wrong?

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Cost Estimation in Project Management – An Introductory Guide for PMs

nTask

Thus, cost estimation in project management is essential for predicting the project’s scope. The big difference between a project with and without cost estimation is that you’re somehow prepared for the latter as you’d have already predicted the budget constraints in your cost estimation process.

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7 Secrets to Successful Project Manager/Team Collaboration

Rebel’s Guide to PM

As project managers, it’s important that we know how to best support our development teams (and vice versa), especially in Agile environments. To ensure that the project direction doesn’t get compromised by the lack of a good plan, the project manager chooses the most appropriate approach to follow for the delivery of the project.

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Creating a Risk-Adjusted Backlog

Leading Answers

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

Risk 145
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Fireside Chat: Tempo + LiquidPlanner

LiquidPlanner

Discussion included company introductions, a demo showcasing the magic of LiquidPlanner, what to look forward to in the product roadmap, and each panelist’s secret superpower wish. LiquidPlanner harnesses the power of ranged estimation to capture uncertainty for best-case, worst-case scenario modeling.

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How to Manage Project Scope Without Scope Creep (with examples)

Rebel’s Guide to PM

Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. Scope creep is caused by lack of requirements management. The project manager is responsible for letting scope creep affect the project.