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Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

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PMBOKĀ® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOKĀ® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOKĀ® principles is to optimize risk responses.

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Have You Left Anything Out of Your Project Management Plan?

Project Risk Coach

Have you left anything out of your project management plan? Check out this checklist to help you identify the baselines and plans that will be most helpful to each of your projects. As I define a project management plan, I strive for clarity, brevity, and simplicity. schedule baseline) Subsidiary plans (e.g.,

Planning 379
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10 Free Event Planning Templates for Excel and Word

ProjectManager.com

Planning an event can range from a meeting at work to a convention and everything in between. Itā€™s another project where you have to manage time, cost and scope (and donā€™t forget quality) to deliver on a deadline. ProjectManager is award-winning software that can help you plan, manage and track your events. Learn more 3.

Planning 286
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Change management helps when implementing risk responses

Kiron Bondale

A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them.

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Managing Risk from Every Level of Your Organization

LiquidPlanner

If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. This level of contingency planning allows your team to be competitive with others.

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Qualitative Risk Analysis for Beginner Level Project Managers

nTask

To deal with risks successfully, each project manager should develop and implement a risk management strategy, plan, and tools at the start of each project. Mostly, People are bad at assessing risk. They allow biases to influence their decisions or emotions to stymie decision-making processes.