Project Risk Coach

FEBRUARY 14, 2022

The best project managers were the ones who had a habit of identifying and managing risks. Let's look at three ways you can improve your risk identification and reduce major misses. Wise project managers know that there are unknown risks lurking in every corner. Checklists make risk identification much easier.

Risk 195

Risk Risk Management Initiating Planning 195

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

Kiron Bondale

MARCH 3, 2019

A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them. But there’s only so much that they can do by themselves.

Risk Management 273

Risk Management Change Management Risk PMI 273

Project Risk Coach

JUNE 19, 2017

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. How can project managers optimize their risk responses and get the results they are looking for? Risk Control Tools and Techniques.

Controlling 290

Controlling Risk Technical Review Performance Measurement 290

Project Risk Coach

AUGUST 9, 2021

For example, for the team exercise, the project manager may conduct a risk identification exercise or facilitate a work breakdown structure (WBS) exercise. […] The post How to Conduct a Killer Kickoff Meeting appeared first on Project Risk Coach.

Underperforming Technical Team 397

Underperforming Technical Team Initiating Risk Management Closing 397

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

Project Risk Coach

FEBRUARY 4, 2019

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

Controlling 199

Controlling Risk Technical Review Performance Measurement 199

Rebel’s Guide to PM

JANUARY 30, 2024

Employers also see reducing risk as a benefit. In my article on how to convince your boss to go (or stay) remote , I shared research on how 73% of managers reported reduced risk with flexible work, as employees can work regardless of bad weather, illness, and various other factors.

2018 305

2018 Risk Management Energy Risk 305

Project Risk Coach

AUGUST 27, 2018

In this article, we will look at how to conduct a risk audit to evaluate the effectiveness of your risk management. Additionally, we'll also talk about how to be more forward thinking through risk reviews. Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.” -Dr.

Risk 186

Risk Risk Management Controlling Monitoring 186

LiquidPlanner

MAY 24, 2022

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?

Risk Management 158

Risk Management Risk 2003 2007 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

Wrike

JUNE 11, 2023

This article explores the world of neuroplasticity and the seven exercises you can incorporate into your daily routine to keep your mind sharp and agile. It can also reduce the risk of age-related cognitive decline and neurodegenerative diseases such as Alzheimer’s and dementia.

Agile 36

Agile Risk Management Engineering Risk 36

Project Risk Coach

MAY 24, 2021

Develop a risk management plan – define how you and your teams can identify, evaluate, respond to, and control risks. Teams should take preventative measures to minimize issues and develop contingency plans for risks that may become issues. When asked about his exercise, Tom says, “I don’t have time.”

Energy 397

Energy Underperforming Technical Team Risk Management Risk 397

Productivity Land

JULY 17, 2023

However, navigating uncertainties requires effective risk management. In this article, we will delve into the world of agile risk management, exploring strategies to identify, assess, and mitigate risks in projects. Understanding Agile Risks In the dynamic realm of agile projects, risks can manifest in various forms.

Risk Management 79

Risk Management Risk Technical Review Agile 79

Project Risk Coach

JULY 5, 2017

It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. And these individuals did not perform the risk identification just once at the beginning of their projects. Wise project managers know that there are unknown risks lurking in every corner.

Risk 255

Risk Risk Management Initiating Planning 255

Project Risk Coach

NOVEMBER 21, 2016

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks? What are some examples of scope-related risks? Interviews.

Risk 150

Risk Software Review Risk Management Defining 150

Rebel’s Guide to PM

APRIL 10, 2023

This is very helpful during a retrospective or lessons learned exercise, because it saves time if you hit similar problems again. The issue register for a similar project can also give you some key risks for future projects — perhaps you’ll see the same problems again? Project Workbook and Budget Tracker $6.00

Technical Review 389

Technical Review Risk Management Budget Risk 389

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. If you are preparing for the PMP or PMI-RMP exam, this exercise will certainly be helpful. Quantitative risk analysis.

Risk Management 150

Risk Management Risk PMI Executing 150

Project Risk Coach

JUNE 28, 2021

Encourage collaboration early by facilitating team discussions, problem-solving, and brainstorming exercises. Lastly, as you plan your next project meeting, use a facilitation technique such as a problem-solving exercise that will improve your team’s interaction. Be intentional in your communication and collaboration. How About You?

Influencer 397

Influencer Executing Risk Management Initiating 397

Project Risk Coach

OCTOBER 23, 2021

3 Is an Opportunity a Risk, Really? Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Consequently, these project managers and team members fail to take advantage of these upside risks. Therefore, negative risks are considered to be threats and positive risks are opportunities.

Underperforming Technical Team 363

Underperforming Technical Team Risk Management Project Life Cycle Risk 363

Rebel’s Guide to PM

MAY 31, 2023

Teamwork encourages risk-taking Working as a team encourages risk-taking. When you shoulder the responsibility yourself, you may be inclined to take fewer risks because the personal and professional consequences of failure. Additionally, risk identification is easier as there are more perspectives to draw from.

Risk Management 302

Risk Management Leadership Risk Innovation 302

Project Risk Coach

JUNE 17, 2016

Mark Langley, President and CEO of the Project Management Institute (PMI), penned a great article entitled Using Project Management to Reduce Risk. Indeed, “high-performing companies manage risk in conjunction with projects and programs far more often than low performers do.” Risk management is esoteric to many people.

Risk Management 150

Risk Management Risk Influencer PMI 150

Scrum.org

AUGUST 13, 2023

This was until Christiaan Verwijs and I designed the “ Definition of Done ” exercise as part of the Scrum.org PSM II class. From that moment on, running the exercise showed team members, managers, and stakeholders why they should spend less time thinking and focus more on doing. Step 1 — Clarify the purpose of a Scrum team.

Software Review 158

Software Review Underperforming Technical Team Technical Review SCRUM 158

Techno-PM

AUGUST 1, 2023

Introduction A risk breakdown structure (RBS) is a powerful tool used in project management to identify, categorize, and understand potential risks that may arise throughout a project. By breaking down risks into manageable components, project managers can develop effective risk management strategies and allocate resources accordingly.

Risk 36

Risk Technical Review Risk Management Defining 36

Project Risk Coach

MAY 3, 2021

She facilitated the round robin exercise asking each participant for their top three. The post 3 Ways to Improve Cost Estimates with Your Teams appeared first on Project Risk Coach. She continued the second and subsequent rounds until all of the ideas had been captured. Why do the disagreements exist?"

Estimate 370

Estimate Finance Budget Risk Management 370

Scrum.org

NOVEMBER 6, 2018

Dealing with Technology Uncertainty - The Waterfall Passive/Buffered Risk Management Style. Dealing with Technology Uncertainty - The Agile/Scrum Active Risk Management Style. The Risk Burndown Exercise. The Y axis is "remaining risk/uncertainty" in either the Business/Requirements/Technology domains.

Underperforming Technical Team 128

Underperforming Technical Team Risk SCRUM Executing 128

Rebel’s Guide to PM

NOVEMBER 4, 2022

Those questions are quite helpful on a smaller scale, too, for example dealing with project risk or unpicking a difficult project issue. It’s full of very practical exercises that you can use in any kind of workshop, whether small groups, large groups, or virtual. To get the most out of the course, you need to do all the exercises.

PMI 432

PMI Technical Review 2021 Underperforming Technical Team 432

Project Risk Coach

MARCH 2, 2016

How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. He skipped capturing his risks and conducting the risk reviews.

Risk Management 170

Risk Management Risk Technical Review Software Review 170

Project Risk Coach

MAY 13, 2016

Project managers may fail to achieve their project objectives because they don’t know how to take a look backward and forward at their risks. Project managers can use risk audits to look backward and risk reviews to look forward. Theodore Roosevelt” How to Look Backward (Risk Audit).

Risk 150

Risk Risk Management Controlling Closing 150

Scrum.org

MAY 15, 2023

Identify risks & dependencies for following feature: [Your feature]. Your suggestions include surveys, talks, interviews, team meetings, games, exercises, or other parties like stakeholders or line managers, and other useful practices. Improve the description of the following user story: [Your user story].

ChatGPT 186

ChatGPT Technical Review SCRUM Artificial Inteligence 186

Project Risk Coach

JUNE 9, 2023

Prioritize sleep, exercise, and a healthy diet to ensure you have the energy and mental clarity to tackle your tasks efficiently. LEARN MORE The post 10 Effective Strategies to Save Time and Boost Productivity appeared first on Project Risk Coach.

Energy 284

Energy Risk Management Planning Risk 284

Project Risk Coach

APRIL 18, 2021

One of the most powerful tools for this exercise is the work breakdown structure (WBS) which is a hierarchical decomposition of the scope of work. The post How to Create a Work Breakdown Structure appeared first on Project Risk Coach. The lowest level is called a work package. Lastly, distribute the WBS to your team for feedback.

Estimate 397

Estimate Risk Management Initiating Defining 397

ProjectManager.com

JUNE 12, 2019

Switching from a spreadsheet to social media doesn’t count as exercise at work. Why Is Exercise Important? Exercise is important, especially so for those of us working sedentary jobs. But it’s not just for us desk jockeys; all people, regardless of their age, can benefit from exercise. Feeling out of shape?

Transportation 41

Transportation Risk Management Risk Monitoring 41

Project Risk Coach

MARCH 22, 2021

Turn Conflict into a Problem-Solving Exercise You can help stakeholders resolve the conflict by reframing the conflict as a problem-solving exercise. The post How to Manage Stakeholder Conflict appeared first on Project Risk Coach. There's less likelihood of stakeholders undermining the decisions later.

Influencer 397

Influencer Leadership Risk Management Risk 397

Scrum.org

APRIL 3, 2023

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 141

ChatGPT Underperforming Technical Team SCRUM Artificial Inteligence 141

Project Risk Coach

DECEMBER 31, 2019

Undertake a team-building exercise. Wise leaders know how and when to inject team-building exercises. Facilitate a problem-solving exercise, develop a work breakdown structure , or identify ways to improve project communication. The post 10 Simple Ways to Improve Your Project Meetings appeared first on Project Risk Coach.

Underperforming Technical Team 259

Underperforming Technical Team Energy Innovation Monitoring 259

Rebel’s Guide to PM

JULY 24, 2023

Project managers who are excellent at preparing plans, reporting progress, managing budgets, controlling risk and dealing with issues and changes could learn a lot from adopting these principles. Project recovery exercises involve leadership, but they are also very much concerned with management tasks. It’s an attitude.

Leadership 283

Leadership Innovation Executing Defining 283