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 329
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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? For risks which are only going to be monitored (e.g.

Risk 181

14 Common Project Risks (+ more)

Girl's Guide to PM

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. In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans.

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. But explicitly, we’re going to focus on how your project that can create and impose risk management discipline on a blank project canvas. What is Risk Culture? What is Project Risk Management?

Risk 82

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.

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. The most succinct – and possibly best known – articulation of that full range of capabilities is the PMI’s Project Management Talent Triangle. Just a Moment… Who or What is the PMI? If you don’t know who or what the Project Management Institute (PMI) is, take a look at this video before reading on. Risk management.

PMI 71

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. And I am a regular speaker for MPUG PMI chapters, and the Enterprise Architecture Conference.

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. And I am a regular speaker for MPUG PMI chapters, and the Enterprise Architecture Conference.

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

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

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 a Feelings,” George F.

Risk 35

Project Failure – Why it Happens

Online PM Courses

– 2 – Governance. Governance is hardly the most sexy of project management disciplines. Good governance is a cornerstone of project success, so poor governance inevitably leads to project failure. Good governance is a cornerstone of #project success, so poor governance inevitably leads to project failure. Lack of Governance Structure. But you fail to set up the governance structure your project needs to assure its success.

2018 122

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Project Governance. Five Immutable Principles of Project Success , PMI Spring Seminar, 2021, Austin TX. Five Principles of Project Success , PMI, Northern Utah Chapter, Professional Development Day, 2012. Applying Deliverables Based Planning ® To Increase Our Probability of Success , PMI Fort Worth, Chapter Meeting, 15 July 2010. Risk Management. Handling Risk on High Technology Programs.

2008 45

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. Hammonds, Risk Analysis 14.5

2012 33

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. Today’s session is eligible for one PMI PDU in the technical category.

2021 52

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Governance (#Governance). Business, Technical, Systems, Risk, and Project Management. Managing projects in the presence of uncertainty means making decisions about cost, schedule, and technical performance all risk-adjusted , from the uncertainties that create risk. But in fact, risk management is part of the other 4 principles as well.

2015 37

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

Fails to take risks seriously. 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. The rogue Project Sponsor overplays or underplays project risks Arguably, overplaying risks fits into our first example, above. Or maybe you’ll need to make the choices yourself, and take the governance risk on your own shoulders.

2018 136

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. I’m going to talk about schedule risk analysis. This is the contingency for risk.

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. I’m going to talk about schedule risk analysis. This is the contingency for risk.

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 71

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. Risk management strategies. My thanks to PMI for an excellent report which can be found at [link].

2017 109

Becoming An Effective Leader In Government & Beyond: An Interview With Steve Ressler, Founder of GovLoop

Project Management Hacks

Have you ever considered the public sector and government for your next career move? Governments face interesting problems and that means there are opportunities to deliver new projects. government to launching his own venture, GovLoop. My thanks to Winnie Liem and the PMI-SOC Government Community for introducing me to Steve. not taking enough risk).

2016 44

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. Risk management, for instance, has little value if all we do is log the risks and assign ownership and mitigating actions, without subsequently following up and taking these risks into consideration when planning, estimating and executing the project. Project managers need to make risk management part of their weekly routine.

2019 44

How good is project sponsorship in your company?

Ron Rosenhead

Read the PMI Pulse of the Profession Report 2015. If its zero (as suggested to me recently by a senior manager) then do read PMI’s 2015 Pulse of the Profession – Capturing the Value of Project Management. No matter what risk scoring process you use I would say this is in the red zone. project sponsors courses in project management project management project management governance project management training project risks project sponsor

2016 147

Why Projects Fail – Five more reasons

Online PM Courses

Governance. Poor Risk Management. If you fail to manage risk well, your project is likely to fail. But for the sake of completion, let’s formally note that projects fail when risk management is not properly prioritised and carried out. We have written a lot of articles about Project Risk Management. Welcome to the world of complex Government policy failures. PMI PDUs.

2018 67

Stakeholder Engagement for Your Project Success

Epicflow Blog

The success of any project is dependent on a number of factors such as clear goals, realistic project schedule, budget, resource, risk, and uncertainty management. Proper Stakeholder Management Ensures Risk-Free Project Delivery.

2020 63

2021 Online & On-Site Events for Project Managers

Epicflow Blog

There are some examples of the topics to be discussed at the conference: Project organization, Project management plan, Management information system, Construction phase, Post-construction phase, Risk analysis and management in construction, Planning and scheduling, and many others.

2021 65

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

Kiron Bondale

Such definitions might constrain the degree of flexibility which a project team possesses but will support governance and oversight through increased consistency and predictability. PMI and other associations have provided criteria for differentiating projects from other activities (e.g. Issue or risk severity and probability. But simply translating risk probability from words to percentage values won’t help as our biases would continue to influence our assessments.

2016 144

What is Project Management?

The IIL Blog

According to the Project Management Institute’s (PMI)® A Guide to the Project Management Body of Knowledge (PMBOK® Guide) , project management is defined as “the application of knowledge skills, tools, and techniques to project activities to meet the project requirements. We might even use certain sophisticated tools to help us schedule our project, or analyze risk to avoid trouble.

Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

The risk to not doing so is to, at the very least, slow the return on investment of the new PMO down. With a practical framework for guidance, such as this book, and a supporting experience coach then the organisation benefits that have led to the PMO investment will be secured in an optimum time frame and with reduced risk of failure. And there are communities you can connect to – on LinkedIn, through the project management bodies such as PMI and APM, etc.

Proceeding without contingency is irresponsible

Kiron Bondale

The project manager is well aware of the risks of proceeding without contingency, but the client is adamant. Contingency exists to protect a project’s success criteria from the impacts of realized negative risks.

2021 274

The Project Communication Plan

MPUG

Best Practices : It’s better to send information to too many people than too few, suggests Ron Taylor, founder of the Ron Taylor Group and PMI’s 2008 Leader of the Year. The project sponsor prefers to meet in person to review status, issues, and risks.

Scope Management Plan: Everything You Need to Know

Online PM Courses

This is a schematic version of how the PMI represents it in the 6th Edition of its Project Management Body of Knowledge (PMBoK). And what governance will you set over your change control process ? You will also need involvement from your sponsor and the governance tiers of your project. For More about Project Governance By the way – for more about project governance and working with your sponsor, I recommend: What is Project Governance?

2018 81

Beginner’s Guide to Project Management Process

iZenBridge

Project Risk Management. High Level Risks. Plan Risk Management. A ‘RISK’ is an uncertain event or condition that if it occurs, has a positive or negative effect on a project’s objective. There are four steps to plan Risk: Find the Risk. Analyze the Risk. Develop the Risk Plan. Mitigate the Risk as they arise. Make decisions and Take Actions based on Risk Priorities. For this we need to understand how to focus on Risk.

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

It is an important part of project governance that looks both backwards and forwards. The risks and benefits associated with moving to the next stage. The Project Management Institute’s (PMI’s) PMBOK 6th Edition: Phase Gate : A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modificatin, or to end a project or program. Let’s set aside the very important governance imperative.

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

The governance considerations for project cost management. The Project Management Institute’s (PMI’s) Project management Body of Knowledge (the PMBoK) has Project Cost Management as one of its ten Knowledge Areas (or KAs). Significant risks (like weather, events, political). The PMBoK calls this ‘reserves’ Governance of Project Expenditure. The PMI’s PMBOK is weak on governance throughout. Risks, issues, and contingencies.

Add to the C-Level

The Lazy Project Manager

The following is an extract from my new book ‘How to get Fired at the C-Level: Why mismanaging change is the biggest risk of all’ in association with my friends at Tailwind Project Solutions – the extracts follow a series of 5 Challenges that I think every organisation should consider, and consider very carefully: Challenge 3 – Invest in a Chief Projects Officer. Managing the overall portfolio risk to the organisation.

2017 122

Cultivating Adaptability and Resilience

International Institute for Learning

consider risks associated with the options ? Dionisio provides consulting and training services for LinkedIn Learning, academia, government and private industry. In 2009 she was awarded PMI’s Distinguished Contribution Award and in 2018 she was presented with the PMI Fellow Award.

2021 81

PRINCE2 and PMBOK: How They Compare

Girl's Guide to PM

First came PRINCE in 1989 as the UK government standard for IT project management. This is all done in an environment of seven themes: business case, organization, quality, plans, risk, change and progress. PMI regulates the PMP certification. Is there something like PMI’s PDUs?