article thumbnail

IT Governance: Definitions, Frameworks and Planning

ProjectManager.com

IT governance ensures that IT departments are prepared for what’s next, without losing focus on what matters. What is IT Governance? At its base level, IT governance is one or multiple processes that enable the IT staff to better manage risk and operate at its most efficient to the benefit of the organization on the whole.

article thumbnail

The Standard for Risk Management in Portfolios, Programs, and Projects

Project Risk Coach

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the PMI Risk Management Professional (PMI-RMP®) exam. Which PMI Risk Standard Should You Study? The exam pilot occurred in December, 2021.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How AI is Driving Strategic Decision-Making in Business and Government

The IIL Blog

A recent McKinsey Government agencies historically lag the private sector in the adoption of such innovations, so we can surmise an even lower figure for government agencies. A growing number of power grids are, likewise, being managed with AI to provide entire regions with improved energy efficiency.

article thumbnail

Project Management Apprenticeships: A UK Guide

Rebel’s Guide to PM

I have mentored project managers for years, and recently, more of my mentees have been going through project management apprenticeships. Maybe an apprenticeship in project management would be the right career move for you? Maybe an apprenticeship in project management would be the right career move for you?

article thumbnail

Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. I’ll confess: when I started out as a project manager, this was a piece of jargon that honestly didn’t mean much at all? But what is an organizational process asset (OPA)? Think intranet or policy library.

Process 415
article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

PRINCE2® is a project management method. It’s structured, and experience-based, created from the lived experience of thousands of project managers and successful projects. It’s a customizable way of managing and controlling the work. What is PRINCE2®? PRINCE2® stands for Projects IN a Controlled Environment (Version 2).

Prince2 351
article thumbnail

Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. These capital projects can be infrastructure-based, such as roads and railways, when launched by the government. It’s used to help governments and corporations understand their future operational costs.

Budget 343