ProjectManager.com
FEBRUARY 26, 2021
When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. What is Risk Management on Projects? How to Manage Risk.
MPUG
APRIL 26, 2021
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
ProjectManager.com
APRIL 29, 2022
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?
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.
Project Risk Coach
NOVEMBER 20, 2017
Most of your project problems can be avoided or greatly reduced through risk management. The simple act of identifying and discussing risks goes a long way towards reducing problems in your project. Let’s look at how to start the risk management process. How will you identify risks? How often will you perform risk management activities? Who will own the project risks. If not, check with other project managers.
Rebel’s Guide to PM
JANUARY 23, 2023
Are you looking for a way to better manage the risks associated with your projects? Risk audits are an effective tool that can help project managers and program managers identify potential issues before they become problems. Who carries out the risk audit?
ProjectManager.com
DECEMBER 17, 2019
IT governance ensures that IT departments are prepared for what’s next, without losing focus on what matters. What is IT Governance? If you ask the business world, IT governance is all about managing performance for efficiency. Oversee the performance of IT managers.
Ron Rosenhead
OCTOBER 24, 2016
It covers the very important topic of project governance. Project Governance is often seen as getting in the Way. Too many project managers see the role of Project Sponsor, or their Project Board as somehow getting in the way of progress. Good Governance Adds Value. But good governance is not about meddling. And if you see it that way, you risk setting yourself, and your project, above the organization that is paying for it. This is a governance role.
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. The better risk management is handled in your project, the greater the probability of success, all other things being equal.
Kiron Bondale
SEPTEMBER 26, 2021
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?
ProjectManager.com
MAY 14, 2019
Much as a librarian is responsible for organizing a large collection of books, organizations must have a set protocol for managing the information they collect when doing business. The process of maintaining the integrity of your data, protecting it and making it available as needed, requires a plan of action. That plan is called data governance. What Is Data Governance? Data Governance Goals. Good data governance will help with decision-making.
ProjectManager.com
APRIL 24, 2019
While making money is the overriding mandate of any for-profit enterprise, each individual organization is governed by its own set of standards and practices. Those standards and practices are called corporate governance, and they are going to influence your project. While managing a project it is easy to become myopic and focus solely on success as measured by the project. All these factors are counted and calculated into corporate governance.
Project-Management.pm
AUGUST 30, 2017
What really is project management governance? With countless articles and books in the business spectrum conveying such practice, project management governance is in the sense, subjective. There’s no correct description of it and it’s safe to say that individuals or groups who employ and encounter project management governance have developed their own understanding of it. Governance and Decisions. To be more precise, project management governance.
Rebel’s Guide to PM
SEPTEMBER 29, 2022
I bet you have plenty of project management processes, don’t you? One for risk, one for escalations, one for changes, issues, new project kick-off, closure, logging dependencies… the list goes on and on. The reasons why processes don’t work are actually pretty simple.
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. What’s a risk again? Yep, risks can be a good thing – with a positive effect. Internal risks.
Kiron Bondale
FEBRUARY 20, 2022
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.
Agilemania
FEBRUARY 12, 2022
Agile governance is a process that focuses on bringing the most value by focusing on what matters. But before we explore more on good agile governance, let’s talk about agile governance. . What is Agile Governance. Guiding Principles for Agile Governance.
Kiron Bondale
AUGUST 21, 2022
Thanks to the most recent issue of Tom Geraghty’s weekly Psychological Safety newsletter , I learned about a new model for how we consider safety and risk. It supports practices such as increased governance oversight and reduced autonomy and flexibility for staff.
ProProfs Project Management
FEBRUARY 28, 2020
One of the major reasons is the lack of project management governance. . This is precisely where project governance comes to the picture. . Meaning & Definition of Governance. The first of which is to have a solid understanding of what project governance is.
PM Basics
DECEMBER 19, 2022
When it comes to project management , you cannot run away from stakeholder management. But what is stakeholder management anyway? This article explores what stakeholder management is. What Is Stakeholder Management? Log risks when appropriate in the Risk Register.
Brad Egeland
JULY 21, 2021
When managing risks, several financial institutions tend to focus their energy and time on scheduled risk management. What Is Risk Management? Risk Management Strategies Investments involve some amount of risk.
Online PM Courses
MAY 7, 2018
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? How to Build a Robust Project Risk Culture. What are the Benefits of a Robust Risk Culture?
Project-Management.pm
JULY 15, 2017
The process won’t even work unless there is manpower involved, as well as methodologies and standards implemented for projects to be delivered successfully. IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. This is one of the purposes of project governance.
Wrike
APRIL 28, 2021
Perhaps you’ve heard of governance, risk, and compliance, also known as GRC, before, but you aren’t sure how important it is to you or your business. What is governance risk and compliance (GRC)? What is the governance, risk, and compliance framework?
MPUG
APRIL 9, 2022
It’s easier to ignore the possibility of risks when the business is doing well — but not having a plan for potential unforeseen threats could be the most significant risk of all. Risks can also be positive. Risk Management Structures. Categories of Risk.
nTask
APRIL 28, 2021
To generate a clear business case, organizations need to write business operations with sustainability in mind, which can be done by the following two steps: Document their business processes. Implement effective process improvement techniques for sustainability.
Project-Management.pm
MARCH 14, 2017
Projects involved a lot of planning , implementation , and not to mention tracking or detecting issues and problems within the team or the project, and surpassing the following process. It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. To stay within deadline means having a governance process that everyone will adhere to. This part must be decided by you and your senior managers.
Henny Portman
SEPTEMBER 5, 2019
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. Conclusion: This easy to read book focusses on projects with an agile delivery team using Scrum, Unified Process or XP.
Brad Egeland
SEPTEMBER 21, 2022
workforce continues to take advantage of remote or hybrid working styles, many companies now face new cybersecurity risks and challenges as the world returns, reimagines and retools for the new normal. My city government is using a SaaS web application to manage permits. Organizations did not transfer all cybersecurity risk to the SaaS vendors; instead, we gained the insider threats and vulnerabilities of these vendors. federal government.
Rebel’s Guide to PM
JULY 19, 2021
The easier part is always implementing that decision – after all, isn’t that what project managers do? As a project manager, you will be used to making multiple decisions on a daily basis. All of them are part of the project governance framework. Risk and decision making.
Herding Cats
APRIL 25, 2016
If your business is not subject to any external governance process, you’re free to spend your money as you please. But you’re not free to suggest your approach is applicable to those who are governed by external frameworks of spending and accountability for that spend, without a testable confirmation this idea doesn’t violate those governance principles. Governance includes: Responsibility for a specific duty, task, or decision. NoEstimates Governance
Kiron Bondale
JULY 3, 2022
One of the unfortunate perceptions which many project managers face when trying to do their jobs is that some stakeholders perceive that they are just bureaucratic paper-pushers. But when project management costs cannot be recouped, the project manager is left to fend for themselves.
Techno-PM
SEPTEMBER 26, 2022
As supply chain companies mature with budding scopes and complexity, supply chain risk management becomes inevitable in mitigating unexpected disruptions. What Is Supply Chain Risk Management? Download Project Management Templates!
Strategy Execution | PMO Perspectives
MAY 2, 2019
Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities. If those conversations aren’t happen ing, the project may end up with an ineffective escalation and decision-making process. Creating a smooth escalation and governance process.
MPUG
NOVEMBER 7, 2022
I got introduced to formal project management processes through Rational Unified Process (RUP) in the year 2000. I had to learn about RUP because our company had adopted it to implement and manage projects. Five Process Groups of Project Management.
Online PM Courses
JANUARY 8, 2018
The Stage Gate Process gets too little love from Project Managers. Yet it has the potential to transform your project management, deliver more successful projects, and make you a better project manager. In a Stage Gate process, you break your project into stages, or phases. In this article, we look at why a stage gate process will enhance your project management, and how to make it work. What is a Stage Gate Process?
Brad Egeland
APRIL 18, 2019
Risk assessment methods and programs should be key components of your security plan, as they guide your team in establishing a strong framework for compliance. In addition, effective risk assessment methods allow your business to be better prepared for emergent risks and changes to compliance regulations. Risk Assessment Technique Terminology The first set of terms that your information security team should be aware of is terms related to specific techniques.
Techno-PM
SEPTEMBER 2, 2022
Managing a company comes with many responsibilities. Since a business requires different operations to function smoothly, it is crucial to ensure you have the proper tools to identify, remove, and minimise organisational risks. Download Project Management Templates!
Ron Rosenhead
NOVEMBER 15, 2017
But use what is in project management system and your people skills. Over the last 18 months I have seen more and more pressure placed on project managers. There is a huge demand from senior managers and stakeholder and clients to deliver quicker, with the same level of quality and of course, on budget! I have seen some pretty stressed project managers and they have expressed it to me in many ways; some direct others not so. Is there anything a project manager can do?
Brad Egeland
JUNE 19, 2019
Furthermore, big data is an essential and powerful risk management tool. These interactions offer an excellent opportunity to obtain organizational risk insight, which facilitates the reduction and assessment of threats. Once your business uses big data in managing risk, you will get a comprehensive overview that assists you in structuring your financial revenue streams. Risk is virtually part of every company’s decision.
Expert insights. Personalized for you.
423 
Let's personalize your content