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.

Risk 165

Risk Risk Management Budget Defining 165

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. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 269

Risk Risk Management Estimate Budget 269

Kiron Bondale

SEPTEMBER 26, 2021

Tracking and reporting risk information is a standard part of any project management approach. Minimal sufficiency should be the goal we strive to in terms of meeting the informational needs of your stakeholders but more important, helping risk and risk response owners to effectively address identified risks.

Risk 207

Risk Risk Management PMI Monitoring 207

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? 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.

Governance 226

Governance Government Planning Risk Management 226

Rebel’s Guide to PM

MAY 7, 2023

They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive). But they are not the regulatory environment, government standards, or external environmental policies or regulations.

Process 349

Process PMI Risk Management Influencer 349

The Strategic Project Manager

MARCH 29, 2023

Core Elements of a Digital Transformation Strategy Framework The following eight elements provide a structured outline of components of a framework for achieving digital transformation. The Vision and Goals need to align with overall organizational strategy. Let’s look at digital transformation and its implications for strategy.

Strategy 98

Strategy Agile SCRUM Risk Management 98

ProjectManager.com

JANUARY 31, 2023

IT Risk Assessment Template IT projects are no different than any other type of project in that they’re rife with risk. IT risk carries an extra burden in that most businesses, regardless of what they do, demand that their IT systems work. This is why our free IT risk assessment template for Excel is so important.

Risk Management 344

Risk Management Risk Software Planning 344

The Strategic Project Manager

MARCH 8, 2023

This post looks at the major elements of the Project Charter and how they link back to strategy. Other Project Considerations – These include such important items as risks, potential issues, priorities, assumptions, and constraints. They include: Risks – At this point, this does not have to be an exhaustive list.

Strategy 97

Strategy Risk Management Defining Risk 97

Rebel’s Guide to PM

MARCH 12, 2022

Project governance is an important part of project management processes – even if it’s not the most exciting part of getting work done. Governance is a key part of that, and gate reviews are part of navigating through the project. Governance is a key part of that, and gate reviews are part of navigating through the project.

PMO 326

PMO Prince2 Risk Management Governance 326

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 exactly is governance, risk, and compliance, or GRC for short? What challenges might you face?

Governance 36

Governance Government Risk Risk Management 36

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? Supply chain risk management is a technique aimed at strategising, reassessing, and mitigating risks involved in the supply chain.

Risk Management 36

Risk Management Risk Strategy Manufacturing 36

Techno-PM

APRIL 13, 2022

Here is where a Risk Breakdown Structure (RBS) becomes crucial, as it can zero down on the most likely threats related to a project and aid to handle them better. A Risk Breakdown Structure is not only essential to project those risks but to work around them and achieve improved outputs. What is a Risk Breakdown Structure?

Risk 69

Risk Risk Management Strategy Planning 69

Moira Alexander

MAY 2, 2017

Think of the strategy and PM connection in construction terms, where the step of pouring footings and foundations needs to adequately support all other work that follows and ultimately the final structure -- in this analogy the final structure are the end goals. The first component is building the institutional IT strategy.

Strategy 249

Strategy Risk Management PMO Risk 249

iZenBridge

DECEMBER 24, 2019

And, sometimes cautious responses to project risks help in realizing opportunities. But, many of us believe that risks create an adverse impact on projects; it is not always true. Risk can be positive also. Now the question is – what is a positive risk? If these risks occur, you will get gains or benefits in the projects.

Risk 52

Risk Strategy Risk Management Monitoring 52

Productivity Land

MAY 18, 2023

Latest Statistics about Identity Theft Identity theft is more than an abstract threat; it’s a widespread issue with alarming statistics: An estimated 15 million Americans had their identities stolen in 2021, with a majority of cases going unreported (Javelin Strategy & Research, 2022). million reports of identity theft in 2021.

Strategy 79

Strategy 2021 Monitoring 2020 79

Agilemania

FEBRUARY 12, 2022

Agile governance is a process that focuses on bringing the most value by focusing on what matters. Good governance ensures that the policies and decision-making process align with successful delivery when you incorporate agile in your organization’s strategic goals through projects and programs. What is Agile Governance.

Agile 52

Agile Governance Government SCRUM 52

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. The risk management process involves identifying, assessing, and controlling risk factors that threaten an organization’s earnings and assets.

Risk Management 69

Risk Management Risk Planning Monitoring 69

Techno-PM

SEPTEMBER 2, 2022

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. Risk Management Framework (RMF) provides your business security, efficiency, and effectiveness. What is Risk Management Framework?

Risk Management 36

Risk Management Risk Monitoring Governance 36

The Strategic Project Manager

NOVEMBER 23, 2021

While businesses, organizations, and markets have evolved, the Experience Curve concept survives and can be very useful for informing decisions, shaping strategy, and guiding implementation. Using the Experience Curve in Strategy Formulation. Strategy of cutting prices – Cut prices earlier to discourage the competition.

Strategy 98

Strategy Risk Management Risk Manufacturing 98

ProjectManager.com

MARCH 27, 2019

The greater the flexibility of the funding strategy, the greater the chance the team will produce a quality product and the greater the chance that they will delight their stakeholders. But greater flexibility generally requires a more skillful approach to governance and project management. The Secure Funding Process Goal.

Software 276

Software Estimate Risk Management Agile 276

Rebel’s Guide to PM

AUGUST 6, 2022

Here’s an introduction to these important groups as part of the governance framework so you can get yours set up and working on your project. A project board provides oversight and governance for the project. What you need is adequate governance for the project. What is a project board? Call your meetings anything you like.

Risk Management 293

Risk Management Governance Government PMO 293

Rebel’s Guide to PM

MAY 2, 2022

Strategies and tactics. Strategies and tactics must be articulated: they are the practical translation of the company’s goals and strategic objectives. Consideration #2: Managing complex risk is all about balance. Portfolio management has a strong relationship with risk.

Risk Management 294

Risk Management Risk Monitoring Agile 294

ProjectManager.com

DECEMBER 13, 2022

This will give you an idea if it’s the right strategy to execute your portfolio management. Lean portfolio management is a process by which strategy is aligned with execution using a lean approach and agile portfolio operations and governance. Execute Lean Governance. What Is Lean Portfolio Management?

Lean 384

Lean Agile Risk Management Defining 384

ProjectManager.com

OCTOBER 18, 2022

Our free template helps you define the strategy, process and actions necessary to create your final deliverable. The spreadsheet is divided into three, first where you show the strategy, then the process and finally the actions you’ll take to fulfill that strategy. Risk Register Template. Work Order Template.

Manufacturing 362

Manufacturing Risk Management Budget Risk 362

Techno-PM

SEPTEMBER 26, 2022

Here is where a Risk Breakdown Structure (RBS) becomes crucial, as it can zero down on the most likely threats related to a project and aid to handle them better. A Risk Breakdown Structure is not only essential to project those risks but to work around them and achieve improved outputs. What is a Risk Breakdown Structure?

Risk 36

Risk Risk Management Strategy Planning 36

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. In other words, a person left on his or her own device of his or her definitive understanding of governance as a whole.

Governance 97

Governance Government Risk Management Project Life Cycle 97

Kiron Bondale

SEPTEMBER 6, 2020

While the strategies provided apply to board members who are looking after the health of their companies, after reading the article I felt they could be adapted to apply to projects as well. Boards play a key governance role in the successful running of companies. Steering committees play a similar role when it comes to projects.

Planning 334

Planning Risk Management Risk Leadership 334

Leading Agile

DECEMBER 7, 2022

Fortunately, there’s a way to weed out poor product assumptions early in the build process to mitigate risk, reduce waste, and save some dollars and heartache along the way. The Product Strategy You Want & Need. The work flows through some tiered governance model. Product Fit: The Hunt for Red Herrings.

Strategy 118

Strategy Agile Risk Innovation 118

Rebel’s Guide to PM

SEPTEMBER 20, 2020

Where the leader announces a change in direction, the manager works to ensure that the new direction is the one that people follow Where the leader outlines a strategy, the manager endeavors to ensure the successful delivery of that strategy. Failure to execute strategy is seen as a project management issue.

Leadership 432

Leadership Risk Management PMO Influencer 432

Rebel’s Guide to PM

APRIL 24, 2023

From examples of project activities in a business versus operational activities to strategies for balancing projects and operations simultaneously — this article will help you understand the differences and consider the similarities. Projects help deliver strategy. The context for projects All organizations need to do projects.

Risk Management 334

Risk Management Process Planning Budget 334

The Strategic Project Manager

OCTOBER 15, 2021

The Blue Ocean Strategy framework is unique in that it incorporates execution into the strategy. By contrast, most strategy frameworks are just that – strategy, and strategy alone. One of the ways that Blue Ocean Strategy incorporates execution is through its approach to leadership.

Leadership 97

Leadership Executing Strategy Risk Management 97

Rebel’s Guide to PM

MARCH 25, 2022

I learned it as GOSPA : Goals Objectives Strategy Plans Actions (need a free action log template? And if you treat strategy, planning, and delivery as academic, theoretical, or abstract activities, you are lost. Projects are inherently uncertain, and uncertainty creates risk. Download one here ). One More Thing.

Risk Management 231

Risk Management Risk Planning Strategy 231

Techno-PM

AUGUST 10, 2021

What is Enterprise Risk Management (ERM)? Enterprise Risk Management is the process of understanding, assessing, and managing risks in an organization. Understanding these risks helps organizations meet their objectives more efficiently and effectively and develop strategies for mitigating those risks.

Risk Management 36

Risk Management Risk Strategy Monitoring 36

Techno-PM

AUGUST 10, 2021

What is Enterprise Risk Management (ERM)? Enterprise Risk Management is the process of understanding, assessing, and managing risks in an organisation. Understanding these risks helps organisations meet their objectives more efficiently and effectively and develop strategies for mitigating those risks.

Risk Management 36

Risk Management Risk Strategy Monitoring 36

ProjectManager.com

JULY 5, 2022

The need for a business case is that it collects the financial appraisal, proposal, strategy and marketing plan in one document and offers a full look at how the project will benefit the organization. Discern the risks and issues associated with each solution. Project Governance. Marketing Strategy. Risk Assessment.

Project Life Cycle 370

Project Life Cycle Risk Management Planning Software 370

Planview

APRIL 12, 2018

Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. The New Zealand Government Case Study. The New Zealand government serves approximately 4.7 million people.

Governance 96

Governance Government Risk Management Finance 96

Rebel’s Guide to PM

JANUARY 18, 2023

When it comes to compressing a project timeline , there are two main strategies available to you in a predictive (waterfall) environment: crashing and fast-tracking. We’ll also discuss different strategies you can use if you decide to crash or fast-track your project so that you get the most out of them. First up: crashing.

Risk Management 284

Risk Management Risk Construction Planning 284