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14 Common Project Risks (+ more)

Rebel’s Guide to PM

In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans. The PMI definition of risk is: “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.”. Plus, there should be a business case for the project!

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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

More examples could be research, design, events, replacing manual work with digital or automation, construction or legal work on a case. To be honest, I even put my wedding in Microsoft Project. Weddings are fixed date projects. They are all projects. These are all great sources of examples of projects.

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Project Contingency: The Ultimate Guide

Rebel’s Guide to PM

Contingency can be defined as additional resources put aside to address potential risk and uncertainty in a project. Only 62% of projects complete within their original budget, according to PMI’s 2021 figures. Calculating Anticipated Final Cost and confidence range. Project scope and complexity can also be a factor.

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Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

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11 project risk examples: Watch out for these common pitfalls

Planio

Jump to a section: The importance of risk management in project management Two methods to help you recognize risks early on 11 common project risk examples (and how to avoid them) 1. Project scope creep 2. Technology failure 6. Cost challenges and budget cuts 8. Changes in your team 3. Organizational changes 4.

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What is A System for Value Delivery in Project Management

Project Pulse Journal

You will confidently align projects with organizational objectives, optimize resource utilization, and foster stakeholder engagement to deliver tangible value at every stage of the project lifecycle. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

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Crisis Management: How to Lead During a Crisis

ProjectManager.com

In Review – Crisis Management: How to Lead During a Crisis. Jennifer noted that whether you’re leading a team , project or organization, things are either going well or poorly. Then on the project side, Jennifer recalled one in which the market was doing poorly. That resulted in costs going up for the work. Transcription.