Enterprise Risk Management (ERM) and Risk Governance

MPUG

I came to know that there were no consistencies within risk governance parameters, such as risk appetite , or risk threshold , for example. In this article, we will explore how to manage such massive gap at an organizational level considering Enterprise Risk Management and Risk Governance.

What Makes Organisations Fail to Execute Their Strategy?

Strategy Execution | PMO Perspectives

After some tapping on their laptop, they proudly showed me their new corporate webpages, proclaiming their ‘strategy’, ‘vision’ and ‘mission’ statements. [1] All we need to do now is execute that strategy! Strategy is not hard to understand: Where is our chosen market?

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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.

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. And in 2019, Rich joined Triskell Software, and is VP of Strategy and Corporate Development.

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 in 2019, Rich joined Triskell Software, and is VP of Strategy and Corporate Development.

Success in Disruptive Times: PMI’s 2018 Pulse of the Profession

Online PM Courses

The PMI has titled its 2018 Pulse of the Profession report: Success in Disruptive Times. You can download your copy of Success in Disruptive Times from the PMI’s website. The PMI’s Annual Project Management Survey: The Pulse of the Profession. Our regular readers will know that, for the last two years, we have extracted the marrow from the bones of the PMI’s Pulse of the Profession survey. Terrific Insights from the Annual PMI Project Management Review 2016.

2018 61

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

The Confusion Over Risk

Project Risk Coach

If so, adopt the definition to align with the governing organization. Also include your risk response strategies for threats (e.g., 2=Planning PMI-RMP Exam Prep Project Risk ManagementWhy are many project managers confused over risks?

Risk 329

Webinar Recap: SIPOC Workshop Facilitation – Part 2: SIPOC Workshop Strategies

MPUG

This second session will cover SIPOC workshop strategies. Today’s session is eligible for 1 PMI PDU in the strategic category, and the activity code to claim that with PMI is on the screen now. Session number two, the SIPOC Workshop Strategies.

2021 52

Project Failure – Why it Happens

Online PM Courses

Misalignment with Organization’s Goals, Objectives, Strategy. – 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. PMI PDUs.

2018 121

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

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. Establishing the Performance Measurement Baseline , PMI, Northen Utah Chapter, Professional Development Day, 2012. Governance.

2008 45

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Strategy (#Strategy). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. PMI Lakeshore Ontario Chapter , 27 October 2018. Governance.

2015 37

The Low Code No Code Opportunity

The Strategic Project Manager

This article explores some things that are happening in this growth area, why it exists, and implications for strategy and project management. PMI Perspective on the Low Code No Code Opportunity. I suggest visiting the PMI Citizen Developer page for some excellent resources.

2021 81

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

Online PM Courses

Your biggest wins will come from better governance, with little or no extra cost and time overhead. Taking an evidence-based approach to planning, strategy-development, and policy-making will lead to more robust decisions, with conscious choices around risk profile. Your sponsor must win support across the top of your project’s governance structure, and among other senior people who need to be a part of your project process. And what about governance?

Risk 80

Connecting Project Benefits to Business Strategy for Success

Herding Cats

The current PMI Pulse titled Delivering Value: Focus on Benefits during Project Execution provides some guidance on how to manage the benefits side of an IT project. The answer is they come from the Strategy of the IT function. Where is the strategy defined? What are the measures of the outcomes connected to each other and connected to the top level strategy to the strategic needs of the firm. Strategy is Not the Same as Operational Effectiveness.

2016 43

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

The Project director tackled high-level stakeholder engagement on a day-to-day basis and we often worked together on strategy and important decisions. Or maybe you’ll need to make the choices yourself, and take the governance risk on your own shoulders. In All Cases, Look to Your Governance Structure. One of the principle purposes of project governance is decision-making. Above or around your rogue Project Sponsor should be a strong governance body.

2018 134

Add to the C-Level

The Lazy Project Manager

Well it starts with strategy formulation which is no longer the annual exercise it used to be – nowadays it is an ongoing iterative activity. And since each strategy gives birth to one or more projects this adds to the portfolio constantly. level change chief cpo ipma lazy officer peter taylor PMI pmp project presenter project speaker projects strategy

2017 122

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

The PMP® Exam is Changing: Here’s What You Need to Know

International Institute for Learning

In June 2019, the Project Management Institute (PMI) ® announced that significant changes are coming to the Project Management Professional (PMP) ® Exam. Remember, if you file online (and most folks do), PMI ® has five calendar days to review your application and notify you if you’re eligible to sit for the exam. Many folks ask, why does PMI have to change the exam? PMI also identified forty-two tasks across all five domains that competent project managers perform.

2019 55

2021 Online & On-Site Events for Project Managers

Epicflow Blog

Dwell upon other experts’ ideas and shape your own strategy of going agile. . October (the dates haven’t been announced yet) — American Manufacturing Summit 2021 will be focused on plant floor operations and manufacturing strategy.

2021 73

Who should attend project management training?

Ron Rosenhead

If there is no link back to the overall strategy then the project is automatically low priority. By focussing development activity on key projects you can impact the overall strategy in a positive way. In ‘The High Cost of Low Performance’ PMI pointed out high performing organisations are twice as likely to have high alignment of projects to organisational strategy.

2016 146

Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

And there are communities you can connect to – on LinkedIn, through the project management bodies such as PMI and APM, etc. Having the right ‘head’ of the PMO is also critical, in Leading Successful PMOs the top five attributes for a great PMO leader were explored: The good PMO leaders must champion project management and project managers across their organisation as well as believing in the business strategy. Strategy execution and business transformation.

The Project Revolution: How to Succeed in a Project Driven World

Strategy Execution | PMO Perspectives

In The Project Revolution , revolution means ‘popular and often forceful revolt against a government or social order’, here the traditional ‘silo-based’ nature of most organisations, and the absence of a ‘CPO’ that is, Chief Project, Program and Portfolio Officer, amongst the more commonly found C-Suite officers (I have just realised that this new officer should really be called C3PO, but no joke was intended!). Leadership Project Management Strategy Execution

2019 48

The Insights Behind the Project Management Trends

Strategy Execution | PMO Perspectives

Strategy Execution released the top ten trends for 2019 a few weeks ago and my first thoughts were; we’re seeing a lot of them in the PMO community which is both exciting and nerve-wracking at the same time. Programme Management is Maturing within Federal Government. With the Strategy Execution trends being globally focused, it’s interesting to see this trend about federal governments. Project Management Strategy Execution

Agile Certification: Your Guide to the Large Array of Agile Qualifications

Online PM Courses

Major Project Management organizations with Agile Certification programs These include the PMI and other national and international project management professional associations. It will equip you with strategies and techniques for successfully implementing Lean and Agile projects. Project Management Institute (PMI). I think it would be a fair assessment to describe the PMI as the leading professional body for project managers.

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 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. But what if governance were unimportant to you… or your organization?

Project Management: Agile and Waterfall Explained

International Institute for Learning

Source: The Agile Practice Guide, PMI and Agile Alliance. It is very common in construction, infrastructure, and government programs. . Karim Radwan is a Director at Probity Strategy Consulting and a Trainer with IIL. By Karim Radwin , CAIA, PMP.

2021 80

Project Manager or Project Leader? What’s the Difference?

Online PM Courses

And then there’s the PMI Talent Triangle. If you’re a PMI member, you need to hoe your craft in three dimensions: Technical: the core skills of Project Management. Creates a vision and strategy, and inspire people to act. Relies on governance, hierarchies and controls. I’ll infer their approach from the way they illustrate their PMI Talent Triangle, which is the basis for their current approach to professional development for Project Managers.

2018 66

Agile Illustrated - Sample #2

Leading Answers

Paying a wage might guarantee that people show up, but how they contribute once they are there is governed by a wide variety of factors.   6 – We improve effectiveness and reliability through situationally specific strategies, processes, and practices. Agile Project Management Books Certification Leadership PMI-ACPHere is the second sample from my new Kindle book “ Agile Illustrated: A Visual Learner’s Guide to Agility ”.

Agile 60

ITIL for Project Managers – Should you?

Online PM Courses

These are: Strategy development and Requirements gathering. First, ITIL has a strong emphasis on the governance of IT. These twin concerns with governance and quality account for ITIL’s benefits to the organizations that use it. The UK Government sponsored the creation of ITIL in the 1980s, by the Central Computer and Telecommunications Agency (CCTA). CCTA ceased to exist in 2001, when it was merged with the Office for Government Commerce (OGC).

2018 70

What’s in YOUR risk register?

Kiron Bondale

How we do it will vary based on the context of the project being managed, the needs of the stakeholders and the policies or standards governing the practice, but in general, a risk register is a common standalone artifact, RAID log section or information radiator.

Risk 183

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

The Project Management Institute (PMI) is a not-for-profit membership association, project management certification and standards organization. It was initially created by the UK government for IT projects. What Is a Project Management Methodology?

2021 399

Why Projects Fail – Five more reasons

Online PM Courses

Governance. The obvious problem with this strategy is that those troublesome operational users will do what they like once your products hit the real world. Welcome to the world of complex Government policy failures. PMI PDUs. PMI Talent Triangle: Technical Project Management Project Management Basics Project Risk Management project failure project managementIn last week’s article , we started to look at the reasons why projects fail.

2018 66

Proceeding without contingency is irresponsible

Kiron Bondale

If so, a core require is professional responsibility on the part of practitioners of a profession which is why PMI identifies Responsibility as one of the four values within its Code of Ethics.

2021 277

What is the Program Management Improvement and Accountability Act?

Moira Alexander

PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs.". This piece of legislation was fully supported by the Project Management Institute (PMI) and garnered staggering bi-partisan support. How does this bill impact PM practices within the federal government?

2017 123

The 12 Principles of Project Management

Girl's Guide to PM

They form the basics of what you need to know about managing projects, for organizations that follow the PMI approach to getting work done. This principle speaks again to tailoring: you need to use strategies, techniques and approaches that fit the level of complexity you find yourself in.

2021 338

What can I do with a degree in project management?

Girl's Guide to PM

PMI reports an expected global need for 25 million new project professionals by 2030. From airlines to zoos, project managers deliver change and make strategy happen. Government jobs typically pay better than working in education. PMI do accredit some degree programs.

2021 356

Project Management Process: The Basics

Clarizen

In the Project Management Body of Knowledge (PMBOK), the Project Management Institute (PMI) outlines five project management process groups: . It also ensures that project selection aligns with overall organizational strategy. Pioneering quality control guru W.

Innovation Project Management

International Institute for Learning

The Project Management Institute (PMI) has recently celebrated 50 years of providing the world with project management competencies. Understanding business strategy. The book also discusses the corporate governance needed to create the appropriate culture for innovation to occur.

Top 11 Cities for Project Management

Girl's Guide to PM

The average salary for a project manager in the USA is US$116,000, the highest of all the countries in this list, and according to the PMI Salary Survey, second only to pay in Switzerland. Source: PMI; figures relate to country).

2020 374