article thumbnail

PMOs Shifting from Watchdogs to Strategic Enablers

Project Risk Coach

Third, some PMO managers lack authority and relational influence in the organization. Engage in Strategic Risk Management Strategic risk management is a process for identifying, analyzing, and managing risks most critical to the achievement of your organization's goals. How will the PMO engage with the senior leaders?

PMO 457
article thumbnail

11 project risk examples: Watch out for these common pitfalls

Planio

Risk management is the art of anticipating potentially project-derailing dangers and putting actionable steps in place to minimize their impact. But the problem is that risks aren’t always obvious or apparent — until you’re knee-deep trying to slog your way out of one. Create a Risk Management Plan using our free template! ?

Risk 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why you need to engage stakeholders (and how to do it well)

Rebel’s Guide to PM

We define it like this: The systematic identification, analysis, planning and implementation of actions designed to influence stakeholders. Where stakeholders feel negatively about projects and changes, engagement helps understand their position and influence their perception. Beyond the interest and influence grid.

article thumbnail

Why Stakeholder Analysis is Important

Project Risk Coach

The short answer – to determine how to best invest your time and energy. Their power, interest, influence, expectations, and impact differ greatly. Once the key stakeholders are determined, it's time to develop a stakeholder engagement plan and influence them at the right times. Stakeholders are NOT the same.

article thumbnail

Project Management Apprenticeships: A UK Guide

Rebel’s Guide to PM

The formulation of business cases, risk and problem management, cost control, project scope, budgeting, and schedule management are among the fundamental skills that your apprentices will master in this environment.” Different industries will influence that and there is a minimum salary set by the government. So that’s a ballpark.

article thumbnail

The Stakeholder Salience Model and How to Use It

Rebel’s Guide to PM

This is a measure of how much influence they have over actions and outcomes. Together, an assessment of these three elements can tell you how engaged a stakeholder is or will be in the work and how they could influence the project. This group has high power and also high legitimacy to influence the project.

article thumbnail

The 3 Types Of Employee Engagement You Should Know

Rebel’s Guide to PM

People with diverse viewpoints can spot risks and opportunities that others might overlook. According to one report , cognitive diversity can boost team creativity by up to 20% while also lowering risk-taking by up to 30%. Employees who are physically engaged devote their emotional and physical energy to their work.

Energy 481