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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

In this article, let's look at each principle and why each one matters with respect to managing risks. Be a Diligent, Respectful, and Caring Steward 2. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses. Table Of Contents. What are Principles? Focus on Value 5.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

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 317
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Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

OPAs and the PMP exam Let’s face it: I first came across the term OPA while reviewing PMP exam training material. They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive). They influence how we do the work.

Process 415
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IT Risk Management Strategies and Best Practices

ProjectManager.com

Information technology (IT) is no longer a tucked away department with little impact on day-to-day affairs. It’s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video.

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SWOT analysis in project management: definition, instruction & example

Inloox

The SWOT analysis is a strategic planning tool and provides a framework for evaluating internal and external factors influencing the success of a company or project. SWOT analysis in the project management context In project management , it is important to both plan effectively and implement well. What is a SWOT analysis?

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Overcoming bias in project management

Rebel’s Guide to PM

Her leadership and guidance is of paramount importance during planning and execution. Since good decision-making is critical for good leadership and guidance, project managers need to know how heuristics (mental disposition) and biases (personal inclinations) influence a project manager’s decisions.

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3 Exam Content Outline Domains for the PMP exam

Rebel’s Guide to PM

Buy Now Read my review We are pleased to be an affiliate of BrainBOK #ad Recommended The PMP PrepCast Elite PLUS $389 This complete self-directed PMP Exam course is our top pick. Buy Now Read Our Review We're pleased to be affiliates for The Project Management PrepCast #ad Recommended The PM PrepCast PMP Exam Simulator $149.00 $129.00