Scrum.org

MARCH 26, 2024

Optimizing Risk Responses in professional project management resonates profoundly with the empirical foundation of Scrum. Scrum's framework inherently addresses risk by embracing uncertainty and change, making it an ideal approach for managing both opportunities and threats in complex environments.

Risk Management 181

Risk Management Risk SCRUM Initiating 181

Scrum.org

OCTOBER 3, 2023

What are the 5 events in Scrum? The Sprint is the most commonly overlooked event in Scrum. In fact, many people don’t even realize that it is an event in Scrum. 2020 Scrum Guide ) The Sprint is a container for all of the other events in Scrum. A shorter Sprint is better to reduce risk. Can you name them?

SCRUM 154

SCRUM Cadence Technical Review Development Team Review 154

ProjectManager.com

OCTOBER 20, 2021

There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. It’s no wonder so much of project management is focused on risk! What is a Project Risk? Negative risk?

Risk Management 341

Risk Management Risk Planning Monitoring 341

ProjectManager.com

MARCH 4, 2022

The scrum methodology was developed as a response to rigid project management approaches such as the waterfall method, which didn’t adapt to the needs of agile product and software development teams. Scrum is a simple project management framework that facilitates team collaboration on complex product and software development projects.

SCRUM 337

SCRUM Software Review Development Team Review Underperforming Technical Team 337

Project Risk Coach

OCTOBER 3, 2022

Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? So, a risk may cause a positive effect. So, a risk may cause a positive effect. We call these risks opportunities. What is Risk Threshold?

Risk Management 221

Risk Management Risk Defining Budget 221

ProjectManager.com

SEPTEMBER 13, 2022

Among this release’s hundreds of product updates, we wanted to highlight two that our business edition subscribers and above can access: risk management and recurring tasks. Manage Risks to Avoid Unexpected Project Impacts. Use risk management to identify and respond to project risks in one place.

Risk Management 293

Risk Management Risk Infrastructure Monitoring 293

ProjectManager.com

DECEMBER 3, 2019

Need to know how to plan an event? If you’re planning a big event like a conference, we can help you successfully plan, structure and lay it out. This blog will go over everything you need to consider when planning an event, including an easy-to-use checklist. Planning an Event. That’s an anchor that can’t change.

Planning 324

Planning Logistics Infrastructure Software 324

Project Risk Coach

JUNE 20, 2022

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses.

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

Scrum.org

MAY 24, 2022

One of the first things that I usually hear after describing the Scrum framework and its five events to someone new to Scrum is, “that’s a lot of meetings!” . . Examining the five events, the first thing to point out is that the Sprint is not a meeting; it’s a container for all the other events. The Sprint. Sprint Planning.

SCRUM 185

SCRUM Technical Review Cadence 2020 185

Project Risk Coach

JANUARY 24, 2022

Poor risk management is costly. Program managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. Program Management.

Underperforming Technical Team 221

Underperforming Technical Team Risk Management Risk Technical Review 221

Project Risk Coach

JULY 29, 2019

What would you do if all hell breaks loose in a critical company project that you are managing? So, the project charter is completed and the top risks are recognized. You've been asked to manage this project. You lose two of your best team members. Your budget is shot. A key stakeholder is breathing down your neck.

Risk Management 348

Risk Management Risk Budget Planning 348

Inloox

NOVEMBER 16, 2021

New blog series on risk management in projects In the coming weeks, we will focus on a very relevant topic in project management: Risk management. This area of project management is very important, as projects are confronted with permanent changes and thus constantly with new risks.

Risk Management 193

Risk Management Risk Planning 193

Scrum.org

FEBRUARY 23, 2023

As an agile coach I often have Scrum Masters come up to me because management is complaining there are too many meetings in Scrum and that their developers aren't 100% utilised on developing the products. Why is it that so many people walk away from a Scrum event saying it was a waste of time, boring or not relevant to them?

SCRUM 181

SCRUM Risk Management Agile Risk 181

Musings on Project Management

NOVEMBER 4, 2023

Assert: "The vast majority of identified project risks go unmanaged."Really?Is Actually not; it's more intuitive, after thinking about the numbers of risks a large-scale project encounters.And, we're talking risks; not issues.So Is that assertion calibrated with historical performance?

Risk 150

Risk Risk Management 150

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

Musings on Project Management

OCTOBER 23, 2022

Doing a little risk management?Here Interpret that question with these rewordings: In effect, can I afford to let the risk go unmanaged, or can I afford to take the risk, given I have a choice?)Can Can I improve the chances that the risk event won't happen, or can be somewhat mitigated, if I can obtain more knowledge?

Risk Management 186

Risk Management Risk 186

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

Inloox

NOVEMBER 16, 2021

Introduction: The risk catalog The risk catalog - also called risk inventory - can serve as a basis for a risk analysis or the FMEA method. A risk catalog represents a structured compilation of potential project risk events. Nevertheless, the benefits of the risk catalog are also limited.

Risk Management 175

Risk Management Risk Defining Initiating 175

Scrum.org

JANUARY 4, 2022

The Sprint is one of the five events defined in the Scrum Guide. It is a container event, which means that it contains all other events, including Sprint Planning, the Daily Scrum, the Sprint Retrospective, and the Sprint Review. Misconception # 2: In a high-risk environment, the Sprint should be longer.

SCRUM 184

SCRUM 2020 Cadence Technical Review 184

Project Risk Coach

OCTOBER 8, 2019

Project management is "the application of knowledge, skills, tools, and techniques to project activities to meet the project objectives" (PMBOK—6th Edition). So, how does project risk management fit into the world of project management? It empowers the project manager to achieve the project objectives.

Risk Management 268

Risk Management Risk Executing Process 268

LiquidPlanner

JANUARY 11, 2023

The unexpected but anticipatable weather events that impacted flight schedules triggered staffing challenges and ultimately caused thousands of cancellations. This was a classic example of an exaggerated ripple effect plaguing planners and project managers across all industries. Introducing the Big Event.

Critical Chain 148

Critical Chain Estimate Manufacturing Risk Management 148

Musings on Project Management

JUNE 9, 2023

What I'm actually talking about is conjunctive events, disjunctive events, and anchor bias:Conjunctive events are chains of event for which every link in the chain must be a success or the chain fails. What to make of chains and funnels? And, if I also stick in anchors, does it help?

Risk Management 221

Risk Management Risk 221

Musings on Project Management

FEBRUARY 10, 2020

Ideas about extreme risk management have been around a long time. Here's a working definition: Extreme risks are those for which the consequences are nearly irreversible, and the impact is near-catastrophic. And, fortunately, in most cases, the likelihood of the event is low. No news there, so let's press on.

Risk Management 259

Risk Management Risk 259

nTask

OCTOBER 7, 2021

It is the concept of uncertain events and occurrences that insurance is based on. Project management is no different. A risk management plan is how you can get your team on the same page. Here is everything you need to know about why you should create a risk management plan and how to do so.

Risk Management 158

Risk Management Risk Planning Monitoring 158

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

Project Risk Coach

DECEMBER 4, 2022

Risk identification is an integral part of project risk management. It is essential for any project manager to know what risks might affect a project and navigate them. This article will examine the five techniques for risk identification. Techniques for Risk Identification 1.

Risk 395

Risk Risk Management Budget Engineering 395

Musings on Project Management

JANUARY 30, 2021

Here's three of the biggies from the domain of risk management which are explained below with some examples: Knowledge errors and omissions: There's a project event coming up. Sometimes, people use big words and I have to pause and look them up -- using an online dictionary, of course.

Risk Management 170

Risk Management Risk 170

PM Times

JANUARY 9, 2024

When asked how typical risk management exercises are conducted, most project managers reply that this involves conversations and documentation around risk events and their respective probabilities and impacts.

Risk Management 82

Risk Management Risk Leadership 82

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

nTask

JUNE 8, 2022

Life is a series of unexpected events, however having a plan can save you from catastrophe. The rule is applicable to all lines of work including project management. Having a risk management plan is crucial for the successful initiatives of any business or project venture.

Risk Management 88

Risk Management Risk Initiating Planning 88

nTask

FEBRUARY 9, 2022

Event management is one of the most common and effective ways of branding your product, sharing new information or inventions. However, it is a complex field and event management for beginners can be hard. Moreover, over the past four years, 54% of companies have increased their event spending.” Stakeholders.

Process 88

Process Planning Logistics 2022 88

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

Project Risk Coach

JANUARY 9, 2024

In the intricate world of project management, where each decision can lead to a myriad of outcomes, the ability to forecast and manage potential risks is invaluable. How to Perform Decision Tree Analysis Here's a step-by-step guide on how to perform decision tree analysis for quantitative risk analysis.

PMI 221

PMI Estimate Risk Management Risk 221

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

ProjectManager.com

JANUARY 27, 2023

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 398

Risk Risk Management Project Life Cycle Software Review 398

Project Risk Coach

AUGUST 13, 2018

Many project managers do a great job of identifying risks. Some even evaluate risks and develop response plans. However, project managers get busy as their projects progress and fail to monitor their risks, resulting in challenged or failed projects. Do Project Managers Really Control Risks?

Monitoring 207

Monitoring Risk Management Risk Controlling 207

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