Enterprise Risk Management (ERM) and Risk Governance

MPUG

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Hence, when risks were reported, team members didn’t understand, or if they did, they wouldn’t know how or whether to act.

The Confusion Over Risk

Project Risk Coach

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. Most people think of risk as pure risk, as a possibility of loss.

Risk 344
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What Does Project Governance Really Mean?

ProjectManager.com

Projects like anything that involves a lot of people working together need governance. The government runs a nation and project governance in the same fashion runs the project. Consider this your civics lessons in project management. What Is Project Governance?

Could psychological safety increase organizational risk?

Kiron Bondale

In a presentation I gave to the members of a PMI Chapter on the topic of psychological safety, one of the attendees asked a great question. Self-management only succeeds when there are guardrails in place to protect the individual and the system they work in.

2022 177

PMI-PgMP® Certification

Techno-PM

The Project Management Institute's Professional in Business Analysis (PMI-PgMP) certification is one of the most sought-after certifications for professionals who want to enter the project management field. The benefits of PMI-PgMP® Certification?

PMI 45

What’s in YOUR risk register?

Kiron Bondale

Tracking and reporting risk information is a standard part of any project management approach. Given this, is it possible to come up with a minimum set of risk information elements which we’d want to capture on most projects?

Risk 186

How to Build a Robust Project Risk Culture [8 Steps]

Online PM Courses

A robust risk culture goes beyond having a strong basic risk management process. Some of my readers may hope to influence the risk culture of their whole organization. For you, the right aspiration is to build a positive risk culture within your project. As a Project Manager, that’s entirely within your scope. What is Risk Culture? Risk culture is a shared set of processes, knowledge, attitudes, beliefs and values about how to deal with risk.

Risk 81

Review Agile Governance and Audit

Henny Portman

Christopher Wright wrote the book Agile Governance and Audit – An overview for auditors and agile teams. Agile Governance and Audit gives a short introduction to agile, compares agile with waterfall and looks at audit and agile cultures. The author follows a project life cycle from idea towards a usable product including governance and control. This is where we now see PRINCE2 Agile, AgilePM, DAD or PMI Agile. To order (Bol.com): Agile Governance and Audit.

When standard is no longer “standard”

Kiron Bondale

Project management standards such as the PMBOK® Guide, Sixth Edition state that contingency reserves, which are established to offset the cost or schedule impacts of realized identified risks, are considered part of the project budget and cost baseline.

2022 212

How are you allocating and returning contingency reserves?

Kiron Bondale

Most project managers will include some contingency reserves within their budget to offset the negative financial impacts of realized risks. Allocated as a single lump sum, but returned back at a gradual pace based on the actual realization of risks over the project’s life.

2022 177

The PMI Talent Triangle: A Guide [for members and non-members]

Online PM Courses

The PMI Talent Triangle is a simple tool that reminds us all about the value of a broad range of professional skills. I have project management nailed.’ All of the professional bodies and providers of general project management qualifications recognize that this is far from the truth. A fully capable project manager needs a wide range of personal and professional skills outside of the realms of their technical project management competence.

PMI 70

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Rich has more than 35 years of experience in the project management field.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Rich has more than 35 years of experience in the project management field.

Progressing Your Project Management Career in Lockdown.

Arras People

Speaking on the PMI Projectified podcast last month Lindsay Scott was asked: “This is such a fascinating time to be in the process of building one’s career as a project professional. If you do like to take a risk then perhaps now is a good time to consider your options.

2021 244

5 Governance Steps for Distributed Project Team Management

LiquidPlanner

Managing a distributed project team takes real skill and a definite commitment to putting a governance structure in place that enables success. This is a cardinal rule that I learned firsthand nearly two decades ago managing project teams in Korea, and it stuck with me through my career in the military. Delivering Project Success via Good Governance. Governance is nothing more than how a project will be controlled to deliver intended outcomes.

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A

Risk 35

Webinar Recap: Want To Be A PMI-ACP? The Primary Steps to Take

MPUG

Please find below a transcription of the audio portion of Satya Narayan Dash’s session, Want To Be A PMI-ACP? If you want to be a PMI-ACP, here are the primary steps to take. Today’s session is eligible for one PMI-PDU and the technical category.

PMI 52

What Is Risk Identification in Project Management?

Wrike

A lot of the reasons are procedural relating to scope definition , methodology, and communication, for example, but there is a common theme: an inadequate risk identification process. Poor risk management isn’t just an issue that impacts big businesses. Risk identification.

Risk 36

Project Failure – Why it Happens

Online PM Courses

It certainly is, and all you need to do is follow all the principles of good Project Management, including foreseeing and acting on all threats. These articles include: How to get Better Project Management Results. Seven Vital Project Management Priorities. Project Management Essentials. Ten Critical Things to Learn about Project Management , and. Essential Project Management Rules. Saying ‘no’ is a vital project management skill!

2018 121

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F.

2012 33

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. Project Governance. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Agile Project Management.

2008 45

Managing Multiple Projects: The Research

Rebel’s Guide to PM

In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple projects The top tools for prioritizing work day-to-day. Anonymous project manager.

2022 292

Webinar Recap: Risk Management Life Cycle in the Context of Project, Program, and Portfolio

MPUG

Please find below a transcription of the audio portion of Satya N Dash’ session, Risk Management Life Cycle in the Context of Project, Program, and Portfolio, being provided by MPUG for the convenience of our members. Satya N Dash: So first, the framework for risk management.

2021 52

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Cost, Schedule, and Technical Performance Management (#CSTPM). Governance (#Governance). Earned Value Management (#EVM). Integrating Agile and Earned Value Management (#AEVM). Management Processes.

2019 37

Are your project management success rates improving?

Ron Rosenhead

The latest PMI Pulse of the Profession Report said: “We are encouraged to see in this year’s Pulse of the Profession® that organizations are making progress—significant progress—as they are experiencing more success with implementing strategic initiatives. PMI Pulse of the Profession 2017. The full report can be downloaded from the PMI web site. Use of a standardised project management practices are used by over 50% of companies within the survey.

2017 109

2021 Online & On-Site Events for Project Managers

Epicflow Blog

2021 is going to be full of both online and offline events for project managers engaged in different areas of business: construction and engineering, IT, healthcare, and many others. Biggest Online Project Management Conferences in 2021. 2020 Offline Project Management Conferences .

2021 83

What is Project Management?

The IIL Blog

And these projects were led by competent and highly trained individuals, appropriately named Project Managers, who applied knowledge, skills, techniques, and tools, to all the project activities to produce the end result that met the requirements. That’s called Project Management. We might even use certain sophisticated tools to help us schedule our project, or analyze risk to avoid trouble. All these activities are part of project management.

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

Fails to take risks seriously. They are micro-managing you or even usurping your authority over your team. They won’t let you make the day-to-day decisions and are acting as if they are the project manager. But, alongside that option, set out the risks, so they can see what the consequences are of formally revising your objectives. The risks are too high, both in terms of: likelihood of failure. In All Cases, Look to Your Governance Structure.

2018 134

Review Agile Portfolio Management

Henny Portman

There are not that many books on agile portfolio management, so I am curious what the book Agile Portfolio Management – A guide to the methodology and its successful implementation “knowledge that sets you apart” written by Klaus Nielsen, offers. Resource management is two-fold.

2022 81

High Profile Projects: How to Lead a Project with a Massive Public Profile

Online PM Courses

High profile projects carry more risk than those that get less attention. Advice for Project Managers PMI Talent Triangle: Leadership Project Communication Management Stakeholder Engagement Communication Governance stakeholder engagementIt is not that things are more likely to go wrong. But it's the profile and attention that can amplify the consequences of mistakes. And high profile projects tend also to be the subject of more speculation, gossip, and rumor.

2019 70

3 Performance Domains in Project Management

Rebel’s Guide to PM

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. What are the 3 performance domains in project management?

2021 358

Managing Projects during Wartime

MPUG

War is hell, and not something any sane person plans for (outside of the government, that is). Even non-military project managers are prepared for every eventuality, right? Our force majeure clauses in all risk assessments lay out what to do in the event of war, no?

2022 91

Is Your Strategic Project at Risk Due to Poor Implementation of Proven Project Management Practices?

Strategy Execution | PMO Perspectives

According to the PMI’s Pulse of the Profession , 52% of projects completed in the last 12 months experienced scope creep. Although 93% of organisations report that they use standardised project management practices , only 23% say that these practices are used throughout the organisation. When standardised project management practices aren’t used, it should come as no surprise that projects are failing. Proven project management practices are here to stay.

Innovation Project Management

International Institute for Learning

We are excited to bring you this blog post on Innovation Project Management, which is adapted from Dr. Harold Kerzner’s new book of the same title. Below, he explains why this topic is so important, the types of challenges that innovation project managers face, and much more.

Managing Multiple Projects: The Research

Rebel’s Guide to PM

In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple projects The top tools for prioritizing work day-to-day. Anonymous project manager.

2021 276

How to Manage Multiple Projects Webinar

Rebel’s Guide to PM

In this webinar we discuss tips and strategies for managing multiple projects. And maybe so that was a digital project management conference. But PMI had a conference in Orlando as well, one year. So are your project manager. Patricia as a project manager, excellent.

2022 226

The 12 Principles of Project Management

Rebel’s Guide to PM

PMBOK 7 is the short name given to The Standard for Project Management and A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition , which are bundled together. The 12 Principles of Project Management. Read next: Managing in a VUCA world.

2021 284

Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Please find below a transcription of the audio portion of John Owen’s showcase session, Making Light Work of Schedule Risk Analysis, being provided by MPUG for the convenience of our members. He has extensive experience of both project management, and software development.

Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Please find below a transcription of the audio portion of John Owen’s showcase session, Making Light Work of Schedule Risk Analysis, being provided by MPUG for the convenience of our members. He has extensive experience of both project management, and software development.

So what’s in your company’s project management dictionary?

Kiron Bondale

We often joke that the only correct answer to a project management question is “ It depends! “ Many of us would also agree that the right approach to deliver a project is one which is tailored to fit its context, complexity and the culture in which it will be managed. But there is still value in establishing some standards for project management. PMI and other associations have provided criteria for differentiating projects from other activities (e.g.

2016 148