Project Risk Coach

OCTOBER 5, 2020

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. Risk is a Choice Merriam-Webster defines risk as “the possibility of loss or injury: peril.”

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Risk Prince2 Risk Management Governance 418

Project Risk Coach

OCTOBER 9, 2022

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.

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Risk Management Risk 2009 PMI 195

Management Yogi

MARCH 31, 2022

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. Some were taken, but most ignored or overlooked because.

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Risk Risk Management Governance Government 104

Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

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Risk Management Risk Cadence 2023 79

The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

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Risk Management Risk Cadence 2016 88

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?

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Risk Management Risk Planning Monitoring 199

Proofhub

JUNE 20, 2023

Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. Internal risk factors are those that are under a company’s control, while external risk variables are those that are beyond its control.

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Risk Management Risk Software Review Governance 78

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.

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Governance Government Planning 2005 218

Project Accelerator News

FEBRUARY 9, 2024

When it comes to challenges, one of the biggest that we face is preparing for emerging risks. These are those risks that were previously unknown, or any familiar risk that manifests in a new way. All too often, our response to existing risks is not sufficient to deal with the risk.

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Risk Management Risk Governance Government 59

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.

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Risk Technical Review Risk Management Estimate 320

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. The better risk management is handled in your project, the greater the probability of success, all other things being equal.

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Risk Underperforming Technical Team Governance Government 172

The IIL Blog

APRIL 2, 2024

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.

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Artificial Inteligence Governance Government Generative AI 78

Project Pulse Journal

MARCH 18, 2024

By: Hajime Estanislao, PMP, CSM Are you a Project Manager struggling to align your project objectives efforts with your organizational objectives? Is it challenging to navigate the complex landscape of project governance frameworks? Ready to take your project management efforts to the next level?

Governance 52

Governance Government Risk Management 2015 52

Musings on Project Management

JULY 16, 2022

Government? If so, you should be aware of a new 'technical reference architecture' authored jointly by CISA, USDS, and the Federal Risk and Authorization Management Program.(*) Some of its provisions are likely going to find their way into RFPs and RFIs from the civil agencies.From the document, we get this.

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Governance Government Risk Management Risk 170

Rebel’s Guide to PM

SEPTEMBER 24, 2023

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).

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Prince2 Technical Review Governance Government 358

Musings on Project Management

FEBRUARY 2, 2021

you will be governed by the principle of calculated risk. which you shall interpret as avoidance of [risk] exposure. of greater [benefit]" (*)Admiral Chester Nimitz to his subordinate admirals, Battle of Midway, June, 1942"You will be governed by the principle of calculated risk"What does. without good prospect.

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Risk Governance Government Risk Management 321

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.

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Risk Management Risk Sustainability Monitoring 69

Kiron Bondale

JUNE 14, 2020

I’ll admit to being hyperbolic with the title of this article, but a question posed today in one of the project management LinkedIn discussion groups managed to sidetrack what I was intending to write about this week. The author asked what needs to be considered when planning risk responses.

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Risk Risk Management Influencer Governance 207

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. People are viewed as a source of risk and liability and when problems occur, the focus is on identifying root causes and addressing those.

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Governance Government Risk Management Risk 326

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. As a project manager, part of your role is shepherding the work through the project lifecycle. Governance is a key part of that, and gate reviews are part of navigating through the project.

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Prince2 Governance Government PMO 396

Rebel’s Guide to PM

MAY 7, 2023

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.

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Process Technical Review Software Review Influencer 422

Rebel’s Guide to PM

OCTOBER 19, 2023

Attending a project management conference is an excellent way to network with other project managers, build your skills, and improve your career. We have compiled a list of project management conferences in the UK so that you can stay close to home. Looking to travel a bit further? Please fill out this form.

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2024 2023 PMO Governance 351

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. That plan is called data governance. What Is Data Governance? Data Governance Goals. Good data governance will help with decision-making.

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Governance Government Information Technology Monitoring 190

ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. This is done by using a project management maturity model. What Is Project Management Maturity?

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Underperforming Technical Team Risk Management Budget Software Review 333

Musings on Project Management

NOVEMBER 1, 2023

In the government domain, the government often contracts for an SI -- system integrator -- whose scope of work is to be an independent evaluator of program plans and progress, an expert adviser to the program executive for risk management and value engineering, and a voice in the project office not beholden to the prime contractor(s), system architect(s), (..)

Governance 195

Governance Government Engineering Risk Management 195

Rebel’s Guide to PM

APRIL 18, 2024

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?

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Construction Engineering Certification Governance 195

ProjectManager.com

NOVEMBER 22, 2023

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.

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Budget Software Review Planning Construction 342

Wrike

JUNE 11, 2023

Businesses of all sizes and industries are constantly exposed to various risks that can negatively impact their operations, reputation, and overall success, and the importance of risk management cannot be overstated.

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Risk Management Risk Healthcare Governance 36

ProjectManager.com

OCTOBER 20, 2023

The construction phase plan is a critical construction project management document that helps to ensure a safe project. At the end of the blog, we’ll provide links to some related construction project management templates that can help you with your construction phase plan. Get started with ProjectManager today for free. Learn more.

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Construction Planning Risk Management Estimate 322

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

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Risk Management Risk Finance Governance 36

Rebel’s Guide to PM

SEPTEMBER 23, 2023

The Initiating a Project process is designed to “establish solid foundations” according to the 2023 Managing Successful Projects official manual, also known as PRINCE2 7. Agree tailoring requirements The project manager is responsible for working out how to tailor the processes to fit the project. There are seven things to do.

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Musings on Project Management

FEBRUARY 11, 2022

you will be governed by the principle of calculated risk. which you shall interpret as avoidance of [risk] exposure. of greater [benefit]" (*)Admiral Chester Nimitz to his subordinate admirals, Battle of Midway, June, 1942"You will be governed by the principle of calculated risk"What does. without good prospect.

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Risk Governance Government Risk Management 186

Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

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Risk Management Risk Underperforming Technical Team Technical Review 36

ProjectManager.com

OCTOBER 6, 2023

PMO stands for project management office and it’s responsible for the project management standards in an organization. The two others are the program management office and the portfolio management office. Either way, it’s run by a PMO director. There are different types of PMOs, all headed by a PMO director.

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PMO Software Review Governance Government 344

Rebel’s Guide to PM

MARCH 14, 2024

If you’re searching for a project management job, you’ve no doubt come across a range of different job titles. The ‘project manager’ job descriptions have a wide variety of roles and duties, which can make it hard to know what’s right for you. Also known as a Technical Project Manager.)

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PMO Construction Engineering Logistics 385

ProProfs Project Management

MARCH 26, 2020

Even if you meticulously account for every penny in your project, risks will present themselves, and you will feel like your project is having the rug pulled out from under it. But with this guide to risk management, we can help you prepare for it. . Risky Business: What is a Risk Management Plan? Analyzing Risk.

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Risk Management Risk Planning Software Review 82