Remove Estimate Remove Exercises Remove Influencer Remove Risk
article thumbnail

Managing Risk from Every Level of Your Organization

LiquidPlanner

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Risk is not solved with a calculation. Project leaders need to ask: are some foreseen risks not occurring?

article thumbnail

Overcoming bias in project management

Rebel’s Guide to PM

Since good decision-making is critical for good leadership and guidance, project managers need to know how heuristics (mental disposition) and biases (personal inclinations) influence a project manager’s decisions. Anchoring occurs when a project manager adjusts an estimate closer to a number she previously heard or saw.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Create an Event Budget

ProjectManager.com

An event budget is the estimated costs associated with putting on an event. Prices for things change and there’s an inherent risk in putting together an event that can impact your budget. Estimate Fixed & Variable Costs. If your event budget is wrong, that’s even worse; you might not be able to pay vendors or speakers.

Budget 326
article thumbnail

Sauce & Spoon: Tips for Your Google Capstone course

Rebel’s Guide to PM

The tablets will reduce table turn time but other factors might influence how busy the restaurant is. Submit your emails in a Google Doc with the settings set to public so anyone can read it – otherwise you risk your peer reviewer not being able to give your project documents any marks at all. Should we reallocate some of the payroll?

article thumbnail

Prioritization techniques for the Product Owner

Scrum.org

By carefully choosing which features to deliver first, the Product Owner can maximize the value that your product delivers while minimizing the risk of investing resources in features that may not resonate with your audience. Confidence: Assess how confident you are in your estimates for reach and impact. Remember that context matters.

article thumbnail

Workshop Design with ChatGPT

Scrum.org

I want you to create a schedule, name the exercises, and point to sources where I can learn more about the suggested activities. Can you be more specific regarding the exercises for lessons 4 to 7? Please suggest what kind of exercises best advance the respective lesson topic for the students.

ChatGPT 138
article thumbnail

How to create a competitive analysis (examples and free template)

Planio

Understanding trends and risks. A forward-looking competitive analysis helps you stay ahead of any future trends and identify on-the-horizon risks to your organization. Your product’s benefits should fix the problem statements of your target market, otherwise, you’re at risk of a poor product-market fit.