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

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 79

Risk Management Risk Cadence 2023 79

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

Risk Management 167

Risk Management Risk 2012 Prince2 167

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. Project management software can help.

Performance Measurement 352

Performance Measurement Risk Management Budget Monitoring 352

WorkOtter

JANUARY 13, 2023

In every project management , there is always the chance that something unexpected will happen. An unexpected event is always a risk; its impact can be negative or positive. Risk managers are responsible for enacting the processes that help manage these project risks. Stages of Risk Management.

Risk Management 78

Risk Management Risk Monitoring Budget 78

Project Management Update Submitted Articles

SEPTEMBER 17, 2021

Project risk is defined by Project Management Institute as "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.” Put it simply, to most project professionals, risk is the likelihood that a project will fail to meet its objectives.

Monitoring 130

Monitoring Risk Risk Management Defining 130

Proofhub

JUNE 20, 2023

Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. Internal risk factors are those that are under a company’s control, while external risk variables are those that are beyond its control.

Risk Management 78

Risk Management Risk Software Review Governance 78

ProjectManager.com

AUGUST 23, 2023

Project risk. Just the word risk can evoke the same kind of primal, fight-or-flight fear in project managers. But risk shouldn’t be feared, it’s just another part of the project to manage. All projects have some element of risk while other projects are inherently high-risk. (We’re

Risk 341

Risk Risk Management Monitoring Project Cost 341

Project Risk Coach

JUNE 26, 2017

Risk management is such an effective vehicle for climbing the tallest mountain or swimming the deepest sea. However, the risk management pitfalls are many, rendering us completely ineffective in our attempt to fulfill our dreams. Thou shalt not make risk management complicated. Forrest Gump Click To Tweet.

Risk Management 246

Risk Management Risk Monitoring Planning 246

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

FEBRUARY 20, 2023

It's a simple question, "Who owns the risks in agile projects?" In this article, let's uncover the role of risk owners and how to perform risk management in agile projects. What is a Risk Owner? When it comes to taking ownership of risks, it allows team members to have greater control over their work.

Risk 418

Risk Agile Risk Management SCRUM 418

Project Risk Coach

FEBRUARY 19, 2018

I fear that many project managers live by the letter of the law and may fail to gain the true benefits of risk management. These individuals are too concerned with checking boxes and making the risk management processes overly complex. Thou shalt not make risk management complicated. If so, why?

Risk Management 207

Risk Management Risk Monitoring Planning 207

ProjectManager.com

FEBRUARY 27, 2024

Project planning is one of the first and most important aspects of project management. Project management software does more than a static Excel or Word template, but using these free 12 project planning templates for Excel and Word is a decent substitute. Project planning templates are part of project management.

Planning 364

Planning Software Review Risk Management Budget 364

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

Project Risk Coach

OCTOBER 23, 2021

Some project managers have a defensive mindset. 3 Is an Opportunity a Risk, Really? 8 Evaluating Opportunities 9 Responding to Opportunities 10 Monitoring Opportunities. Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Is an Opportunity a Risk, Really?

Underperforming Technical Team 363

Underperforming Technical Team Risk Management Project Life Cycle Risk 363

ProjectManager.com

SEPTEMBER 14, 2023

All of these things and more make them a perfect candidate for business project management. Let’s first explore the definition of business project management. Then, we’ll look at the role of a business project manager and the types of projects that a business will manage. What Is Business Project Management?

Software Review 370

Software Review Monitoring Technical Review Risk Management 370

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

Aerospace 98

Aerospace Risk Management Engineering Risk 98

MPUG

APRIL 26, 2021

Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. What is Enterprise Risk Management?

Governance 122

Governance Government Risk Management Risk 122

ProjectManager.com

AUGUST 22, 2023

What qualifications do you need to land a project management job? What Are Project Management Qualifications? Being qualified for a position as a project manager means you have the skills, experience and temperament for the job. Qualified project managers need the right tools for the job. Thanks for watching!

Certification 357

Certification Leadership Risk Management Budget 357

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

ProjectManager.com

AUGUST 15, 2023

Project management is all about solving problems before they happen. That’s why you make a plan, schedule tasks and monitor the work to make sure you’re staying on track. Let’s look at 15 project management challenges and how to deal with them. Let’s look at 15 project management challenges and how to deal with them.

Estimate 317

Estimate Software Review Monitoring Risk Management 317

Project Risk Coach

JUNE 4, 2023

In the world of project management, troubled projects can be a source of frustration, stress, and disappointment for both teams and stakeholders. When project managers fail to conduct a thorough analysis of project requirements and dependencies, they are likely to underestimate the effort required.

Risk Management 243

Risk Management Technical Review Estimate Risk 243

ProjectManager.com

NOVEMBER 2, 2022

However, in project management, project assumptions are essential for planning a project. Let’s take a look at how project assumptions are defined in project management and why they’re so important. Then we’ll learn about a project assumption log and how assumptions differ from constraints and risk.

Software Review 323

Software Review Risk Management Technical Review Risk 323

ProjectManager.com

APRIL 16, 2024

Get your free Timeline Template Use this free Timeline Template for Excel to manage your projects better. Static timelines are only a weaker version of a collaborative Gantt chart which is an integral project management tool. Download Excel File Even though Excel can be helpful in some scenarios, the platform can only do so much.

Software Review 367

Software Review Estimate Executing Monitoring 367

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Monitoring Risks.

Risk Management 105

Risk Management Risk Planning Technical Review 105

ProjectManager.com

NOVEMBER 30, 2023

Managing information costs and managing information security for those costs are part of making an IT budget. Planning and managing these resource costs in an IT budget can be facilitated by project management software. ProjectManager’s Gantt charts help you plan, manage and track IT costs.

Budget 345

Budget Software Review Infrastructure Monitoring 345

MPUG

NOVEMBER 28, 2022

For most of us, risks and risk management are a part of everyday life. From the time we wake up to the time we settle in for sleep at night, our days are filled with making decisions both big and small that help us manage and prevent potential risks. Five Risk Management Best Practices.

Risk Management 59

Risk Management Risk Underperforming Technical Team Leadership 59

Scrum.org

FEBRUARY 8, 2024

In the past series of mails we covered the three pillars of Empiricism, the Scrum Values, and Self-Management. A self-managing team is taking decisions about who does what, when, and how. During each of the Scrum Events, and throughout the Sprint itself, the Scrum Team should have all necessary skills in order to reach its objectives.

SCRUM 179

SCRUM Risk Management Risk Monitoring 179

Project Risk Coach

APRIL 26, 2021

Think about it for a minute – what have you done in the last six months to improve your cost management? Let's look at some practical ways to actually improve your cost management. Consider John, a savvy project manager, who was asked to manage a project aimed at replacing a dated network system. We zigzag, don't we?

Estimate 397

Estimate Risk Management Budget Controlling 397

Wrike

AUGUST 25, 2023

One proven approach that has gained significant popularity is the use of Kaizen events. These events serve as catalysts for continuous improvement, enabling organizations to identify and eliminate waste, streamline processes, and ultimately boost their operational efficiency.

Artificial Inteligence 36

Artificial Inteligence Innovation Technical Review Monitoring 36

Project Risk Coach

JULY 5, 2022

In this article, we will explore this domain, why it's critical to projects, how to engage stakeholders, and some common stakeholder risks. This domain "addresses activities and functions associated with stakeholders" ( A Guide to the Project Management Body of Knowledge, PMBOK® Guide, Page 8). What kinds of activities? Stakeholder.

Risk Management 221

Risk Management Executing Risk Monitoring 221

Project Risk Coach

AUGUST 10, 2020

Ninety percent of a project manager’s job is communication. And one of the most important things to communicate is your risks. How do you communicate risks? Communicating Project Risks 1. Analyze Your Risks We cannot communicate the things that we don’t understand. As risks are identified, assign a risk owner.

Risk 418

Risk Risk Management Defining Monitoring 418

Project Risk Coach

SEPTEMBER 23, 2019

Just because you've been a project manager since the days of "Gilligan's Island" is no guarantee that you are an effective project manager. 10 Habits of Effective Project Managers. Define what you mean by risk The term "risk" means different things to different people. threats); others include positive events (i.e.,

Risk Management 286

Risk Management Risk Defining Monitoring 286

ProjectManager.com

OCTOBER 24, 2023

IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them. Over the course of this blog, we’ll discuss how ITSM is implemented, managed and delivered to meet the needs of an organization and how project management software can help facilitate those processes.

Process 330

Process Infrastructure Information Technology Monitoring 330

Rebel’s Guide to PM

MAY 2, 2022

The mission of a project portfolio manager is clear enough: maximize the business benefits of projects. In this article, you’ll learn the top 5 key considerations and knowledge areas under which the main criteria for managing a project portfolio can be grouped. Consideration #2: Managing complex risk is all about balance.

Technical Review 355

Technical Review Risk Management Governance Government 355

Wrike

SEPTEMBER 30, 2023

Effective risk management is crucial for the success and sustainability of any business. By identifying and addressing potential risks, organizations can minimize their impact and ensure continuity of operations. These risks can arise from various sources, such as financial, operational, legal, or technological factors.

Risk Management 36

Risk Management Risk Technical Review Monitoring 36

ProjectManager.com

NOVEMBER 25, 2020

It is believed that for every dollar spent beforehand you save four times as much if responding after the event. The advantages have been detailed, but the risks are not always self-evident as people uncritically embrace the new. This will include having a team leader and a management team responsible for the process.

Planning 399

Planning Infrastructure Risk Management Monitoring 399