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

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

Rebel’s Guide to PM

SEPTEMBER 26, 2022

Mike Clayton defines risk as “uncertain events that can affect outcomes,” in his book, Risk Happens!: Managing Risk and Avoiding Failure in Business Projects. Risk management is the most important of your project controls. So what exactly is project risk management? Risk breakdown structures.

Risk 373

Risk Prince2 Risk Management PMO 373

ProjectManager.com

OCTOBER 25, 2022

Having an event is a like executing a project. It has a plan that’s executed by a team with a deadline with the final deliverable being the event. Just like a project, event management is the way you make sure everything seamlessly comes together for your stakeholders. What Is Event Management? Learn more.

Underperforming Technical Team 206

Underperforming Technical Team Logistics Executing Planning 206

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.” Peter Bernstein.

Risk 418

Risk Prince2 Risk Management Governance 418

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 173

SCRUM Cadence Technical Review Development Team Review 173

Project Risk Coach

JANUARY 11, 2021

Ask 10 different risk management experts to define emerging risks, and you will likely receive different points of view. In this article, let's define emerging risks, discuss ways to identify them, and look at different ways to manage these risks. What are Emerging Risks? Click to Tweet.

Risk Management 423

Risk Management Risk Governance Government 423

Project Risk Coach

AUGUST 10, 2020

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. Work with the risk owner to define the risk : Risk.

Risk 418

Risk Risk Management Defining Monitoring 418

Scrum.org

FEBRUARY 5, 2024

The Scrum framework includes five events: The Sprint Sprint Planning Daily Scrum Sprint Review Sprint Retrospective. Each of the five events in Scrum is time boxed. This means that every Scrum event has a maximum (but not a minimum) amount of time the Scrum team will spend on the event every Sprint.

SCRUM 161

SCRUM Lean 2020 Sustainability 161

Scrum.org

NOVEMBER 30, 2023

What is the ‘Navigating the Scrum Events’ Series? for each Scrum Event. This is NOT the end-all-be-all perfect way to operate for all scenarios - but a straight-to-the-point tactical list of steps to help you get to the basic outcomes you need at the end of the event. Are there any potential downsides or risks if we do this?

SCRUM 167

SCRUM Controlling Influencer Risk 167

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 325

Planning Logistics Infrastructure Software 325

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 320

Risk Technical Review Risk Management Estimate 320

Project Risk Coach

JANUARY 8, 2023

Risk management is an important part of the decision-making process for any project. It involves identifying, assessing, and responding to potential risks that could impact the project. In this article, we will look at some of the most frequent project risk response mistakes and explain how to avoid them.

Risk 195

Risk Risk Management Executing Defining 195

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 194

Risk Management Risk SCRUM Initiating 194

Scrum.org

NOVEMBER 30, 2023

What is the ‘Navigating the Scrum Events’ Series? for each Scrum Event. This is NOT the end-all-be-all perfect way to operate for all scenarios - but a straight-to-the-point tactical list of steps to help you get to the basic outcomes you need at the end of the event.

SCRUM 220

SCRUM Cadence Defining Planning 220

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

Scrum.org

NOVEMBER 1, 2023

What is the ‘Navigating the Scrum Events’ Series? for each Scrum Event. This is NOT the end-all-be-all perfect way to operate for all scenarios - but a straight-to-the-point tactical list of steps to help you get to the basic outcomes you need at the end of the event. Sprint Planning - What’s The Point?

SCRUM 190

SCRUM Planning Defining Estimate 190

Scrum.org

FEBRUARY 23, 2023

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? 5 Facilitation Principles for Scrum Events 1. This requires all the scrum team members to be involved in scrum events and have a say.

SCRUM 199

SCRUM Risk Management Agile Risk 199

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

Project Risk Coach

JANUARY 21, 2019

If you say the word “risk” to ten people, each person may think of something different— insurance, threats, investments, bets, or potential loss. As we manage project teams, it's critical that you and your team members have a common understanding of what project risk means. Next, agree on a definition for project risk.

Risk 331

Risk Risk Management Defining Planning 331

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? Positive risk?

Risk Management 343

Risk Management Risk Planning Monitoring 343

The IIL Blog

JANUARY 24, 2024

Time and time again, I see organizations are not dealing with risk appropriately. Sure, they have a list of five to ten risks on their projects, but they are not managing their risk and are falling into risk management pitfalls. Some people would call this risk magic. PMBOK 5 th Edition, PMI.

Risk 78

Risk Risk Management 2012 PMI 78

ProjectManager.com

FEBRUARY 3, 2022

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

Risk 369

Risk Underperforming Technical Team Risk Management Technical Review 369

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 202

SCRUM 2020 Cadence Technical Review 202

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. Without the ability to identify and monitor project risks, customers can’t prepare for the unexpected.

Risk Management 295

Risk Management Risk Infrastructure Monitoring 295

Project Risk Coach

JUNE 20, 2022

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 Implications What happens when the project environment is not conducive to collaboration?

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

Project Risk Coach

DECEMBER 13, 2021

Once we've identified our project risks, we should plan and implement responses. We can optimize our risk responses over time. Project Risk Strategies How Can We Respond to Risks? Therefore, project managers should work with risk owners to plan for both threats and opportunities. contingency plan are defined).

Risk 195

Risk Risk Management Defining Planning 195

LiquidPlanner

JANUARY 11, 2023

The unexpected but anticipatable weather events that impacted flight schedules triggered staffing challenges and ultimately caused thousands of cancellations. It prompted me to think through how I have overcome the uncertainties represented in a foreseeable and adverse “Big Event” in the projects I have led. Introducing the Big Event.

Critical Chain 148

Critical Chain Estimate Manufacturing Risk Management 148

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. But, it doesn't have to be that way.

Underperforming Technical Team 221

Underperforming Technical Team Risk Management Risk Technical Review 221

Project Risk Coach

JULY 29, 2019

So, the project charter is completed and the top risks are recognized. What can you do to recognize and plan for the events and conditions that may have negative effects on your project objectives? […] The post Risk Management: When All Hell Breaks Loose appeared first on Project Risk Coach. And guess what?

Risk Management 348

Risk Management Risk Budget Planning 348

Inloox

FEBRUARY 2, 2023

Know the risks in your project! Risk management plays an enormously important role in project management. The task here is to identify, analyze, control and ultimately minimize risks. Although some risks can be eliminated with a suitable solution strategy, certain risks can never be completely avoided in the project context.

Risk 172

Risk Underperforming Technical Team Governance Government 172

Project Risk Coach

JANUARY 14, 2019

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. Consider using this syntax: Cause -> Risk -> Impact. ” Risk Owner. Risk Score.

Risk 342

Risk Risk Management Technical Review Information Technology 342

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

Rebel’s Guide to PM

APRIL 22, 2019

Risk management is one of the core knowledge areas for project managers. You’ve identified and assessed your project risks—both threats and opportunities. Now, you are planning your risk responses with your risk owners. A risk response is the way you intend to address the risk. Harry Hall.

Risk 391

Risk Risk Management Healthcare Executing 391

Kiron Bondale

JUNE 12, 2022

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it.

Risk 207

Risk Risk Management PMI Leadership 207

Project Risk Coach

DECEMBER 10, 2018

Some negative events that you thought might happen has now occurred. Well, let's talk about project risks and issues, the differences, and why it's so important to manage risks. What is Risk? Let's examine a risk statement and underscore some key attributes of risks. So, how does an issue differ from a risk?

Risk 265

Risk Risk Management Energy Defining 265

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