Seven Project Management Influencers to Watch

Project Risk Coach

Perhaps these individuals are influencing you through a blog, online videos, online courses, or books. Grab a cup of coffee as I share seven influencers that I follow. Another thing I appreciate about Kiron is that he not only is a Project Management Professional (PMP), he is certified as a Risk Management Professional (PMI-RMP), along with other certifications. His perspective on project and risk management is balanced and practical.

14 Common Project Risks (+ more)

Girl'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. In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans.

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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. This is a fairly common problem and is likely one of the reasons that the volunteers who updated the PMBOK Guide, Sixth Edition added Implement Risk Responses as a new process within the Project Risk Management knowledge area. Risk management requires investment from stakeholders outside of the project team to really make a difference.

Risk 217

Creating a Risk-Adjusted Backlog

Leading Answers

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? The Economics of Risk Management. Negative risks are called threats, and positive risks are called opportunities.

Risk 121

Seven Project Management Influencers to Watch

Project Risk Coach

Perhaps these individuals are influencing you through a blog, online videos, online courses, or books. Grab a cup of coffee as I share seven influencers that I follow. Another thing I appreciate about Kiron is that he not only is a Project Management Professional (PMP), he is certified as a Risk Management Professional (PMI-RMP), along with other certifications. His perspective on project and risk management is balanced and practical.

A History of PMI & Its Role in Project Management

ProjectManager.com

The Project Management Institute (PMI) is a nonprofit organization for those working in project management across the globe. If you have even a passing interest in the field, then you’ve bumped up against PMI. Given its vast influence, it’s important to have a basic understanding of PMI and its history. Quick Facts About PMI. The PMI footprint is huge. A History of PMI. But where did PMI start? The Goals & Standards of PMI.

PMI 242

How to Be a Powerful Risk Management Evangelist

Project Risk Coach

Mark Langley, President and CEO of the Project Management Institute (PMI), penned a great article entitled Using Project Management to Reduce Risk. Indeed, “high-performing companies manage risk in conjunction with projects and programs far more often than low performers do.” If this is true, how can we help organizations adopt risk management? Mr. Langley encourages us to play the role of both champion and sponsor of risk management.

2016 170

The PMI Talent Triangle: A Guide [for members and non-members]

Online PM Courses

The PMI Talent Triangle is a simple tool that reminds us all about the value of a broad range of professional skills. The most succinct – and possibly best known – articulation of that full range of capabilities is the PMI’s Project Management Talent Triangle. Just a Moment… Who or What is the PMI? If you don’t know who or what the Project Management Institute (PMI) is, take a look at this video before reading on. Risk management.

PMI 71

PMI’s Pulse of the Profession 2020: Creating a Future-Oriented Project Management Culture

Inloox

The Project Management Institute (PMI) has been conducting surveys, questioning international organizations and project managers on a regular basis since 2006. Companies that cling to the status quo run the risk of being left behind.

2020 130

Webinar Recap: PMI PMBOK Guide 7th Edition Standard – What’s New?

MPUG

Please find below a transcription of the audio portion of Satya Narayan Dash’s PMI PMBOK Guide 7th Edition Standard – What’s New? Kyle: Hello everyone, and welcome to today’s MPUG webinar, What’s New With PMI PMBOK Guide’s 7th Edition Standard. This is PMI lingo.

PMI 83

Simplifying Schedule Risk Analysis Using Microsoft Project Custom Fields – Transcription

MPUG

Please find below a transcription of the audio portion of John Owen’s session, Simplifying Schedule Risk Analysis Using Microsoft Project Custom Fields, being provided by MPUG for the convenience of our members. Well, thank you everybody for joining this webinar, we’re just going to talk about some simple ways of performing Schedule Risk Analysis basically just using Microsoft Project with an add in that we sell called Full Monte. I’m using those to model risk.

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A Risk a Feelings,” George F.

Risk 35

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F. Hammonds, Risk Analysis 14.5

2012 33

PMP interview Questions

iZenBridge

What are organizational influences? What is a risk and how is it different from an issue. Can a risk be beneficial? How did you tackle these uncertainties/risks? What are the types of risks you may encounter in a project? Are there any positive aspects of the risk identification process? Domain Based. What is a baseline, how is it use while creating project management plan? Explain with examples. What is a project charter?

2019 40

Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Please find below a transcription of the audio portion of John Owen’s showcase session, Making Light Work of Schedule Risk Analysis, being provided by MPUG for the convenience of our members. I’m going to talk about schedule risk analysis. This is the contingency for risk.

Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Please find below a transcription of the audio portion of John Owen’s showcase session, Making Light Work of Schedule Risk Analysis, being provided by MPUG for the convenience of our members. I’m going to talk about schedule risk analysis. This is the contingency for risk.

How to Start a Career in Project Management: Answers to FAQ

Epicflow Blog

According to PMI’s Job Growth and Talent Gap in Project Management 2017-2027 , organizations’ need for project talent has significantly increased since their previous investigation in 2008. PMI Agile Certified Practitioner (PMI-ACP) (costs from $435 for members and $495 for non-members); .

Stakeholder Engagement for Your Project Success

Epicflow Blog

The success of any project is dependent on a number of factors such as clear goals, realistic project schedule, budget, resource, risk, and uncertainty management. Proper Stakeholder Management Ensures Risk-Free Project Delivery.

2020 63

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Five Immutable Principles of Project Success , PMI Spring Seminar, 2021, Austin TX. Five Principles of Project Success , PMI, Northern Utah Chapter, Professional Development Day, 2012. Applying Deliverables Based Planning ® To Increase Our Probability of Success , PMI Fort Worth, Chapter Meeting, 15 July 2010. Risk Management. Managing in the Presence of Uncertainty and Resulting Risk.

2008 45

Project Management and Leadership Competencies: A Snapshot

The IIL Blog

The Project Management Institute (PMI) ® Talent Triangle ® has addressed the need for project leadership competencies. The PMI Talent Triangle. (1) Reach consensus on risk mitigation. Enhance risk approaches using guidelines. Change risk averse attitudes to risk neutral. Use tools such as Power and Influence Grid. The PMI website provides information about GAC and the 100+ degree programs that have promoted. By Dr. Willis H.

Project Management Professional (PMP)® Exam Aspirant’s Definitive Guide to PMP® Exam Changes 2021

iZenBridge

In June 2019, PMI Certification has released a new PMP® certification content outline. Based on research by PMI, the following are some highlights to see how project management profession has progressed: 1. In the knowledge industry, the way of thinking influences outcomes.

2019 52

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Business, Technical, Systems, Risk, and Project Management. Managing projects in the presence of uncertainty means making decisions about cost, schedule, and technical performance all risk-adjusted , from the uncertainties that create risk. Five Immutable Principles of Digital Transformation Project Success - PMI San Diego Chapter , 11 July 2018.

2015 37

Got Your CSM, Now What?

Leading Answers

I want to disclose upfront that I have been involved with the development of ICAgile, PMI-ACP, and DSDM Leadership credentials so I likely have some bias and preferences. Are they asking for PMP, CSP or PMI-ACP credentials? If so, be more influenced by content and quality rather than recognition and opportunity. Certifications like the PMI-ACP and the ICAgile suite of credentials provide coverage and demonstrate knowledge of these topics.

2017 96

Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

The risk to not doing so is to, at the very least, slow the return on investment of the new PMO down. With a practical framework for guidance, such as this book, and a supporting experience coach then the organisation benefits that have led to the PMO investment will be secured in an optimum time frame and with reduced risk of failure. And there are communities you can connect to – on LinkedIn, through the project management bodies such as PMI and APM, etc.

So what’s in your company’s project management dictionary?

Kiron Bondale

PMI and other associations have provided criteria for differentiating projects from other activities (e.g. effort, cost) to accompany the qualitative ones, the risk of significant changes being managed in an undisciplined manner increases as does the likelihood of financial and resource capacity erosion to stealth work. Issue or risk severity and probability. Tagged: improving project management , project decision making , Project management terms , Risk management.

2016 144

Proceeding without contingency is irresponsible

Kiron Bondale

The project manager is well aware of the risks of proceeding without contingency, but the client is adamant. Contingency exists to protect a project’s success criteria from the impacts of realized negative risks.

2021 274

PMP® Aspirant’s Definitive Guide to PMP Exam Changes 2019

iZenBridge

In June 2019, PMI® has released a new PMP® content outline. Based on research by PMI®, the following are some highlights to see how project management profession has progressed: 1. In the knowledge industry, the way of thinking influences outcomes. So apart from managing different project areas like – communications, risks, stakeholders, budget & resources, schedules, quality, scope and managing project changes. PMI added tasks in the recent content outline.

2019 40

Beginner’s Guide to Project Management Process

iZenBridge

Project Risk Management. High Level Risks. They may also exert influence over the project and its result. Plan Risk Management. A ‘RISK’ is an uncertain event or condition that if it occurs, has a positive or negative effect on a project’s objective. There are four steps to plan Risk: Find the Risk. Analyze the Risk. Develop the Risk Plan. Mitigate the Risk as they arise. For this we need to understand how to focus on Risk.

The 12 Principles of Project Management

Girl's Guide to PM

They form the basics of what you need to know about managing projects, for organizations that follow the PMI approach to getting work done. If you don’t step up and act as a leader then you’re at risk of being seen as an administrator. Optimize risk responses.

2021 282

Cultivating Adaptability and Resilience

International Institute for Learning

consider risks associated with the options ? Your ability to recover from adversity is directly influenced by your attitude. In 2009 she was awarded PMI’s Distinguished Contribution Award and in 2018 she was presented with the PMI Fellow Award.

2021 81

Tips for Introducing Granular Workload Organization to Your Project Team (Inspired by the Discussion at PMI LA Chapter)

Wrike

This time, I want to share some notes from the February dinner meeting of the PMI LA Chapter. There’s always some risk in thinking that he’ll do just fine figuring it out all on his own. In “ The Power of Habit ,” Charles Duhigg concluded that a “huge body of research has shown that small wins have enormous power, an influence disproportionate to the accomplishments of the victories themselves.”.

2013 28

3 Performance Domains in Project Management

Girl's Guide to PM

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. PMI defines a domain like this: The high-level knowledge area that is essential to the practice of project management.

2021 359

Scope Management Plan: Everything You Need to Know

Online PM Courses

This is a schematic version of how the PMI represents it in the 6th Edition of its Project Management Body of Knowledge (PMBoK). In this section, you would document those stakeholders who will have a particular influence over scoping or scope change decisions. The highlighting of work is mine, not PMI’s. Again, my highlights, not PMI’s. If you get it right, it will reduce risk of scope changes during your project. Risk identification.

2018 81

Are your project management success rates improving?

Ron Rosenhead

The latest PMI Pulse of the Profession Report said: “We are encouraged to see in this year’s Pulse of the Profession® that organizations are making progress—significant progress—as they are experiencing more success with implementing strategic initiatives. PMI Pulse of the Profession 2017. The full report can be downloaded from the PMI web site. Risk management strategies. My thanks to PMI for an excellent report which can be found at [link].

2017 109

Industry, Product, and Technical Knowledge: What Makes a Project Manager an Expert?

Epicflow Blog

According to PMI’s Pulse of Profession with 4,455 project professionals engaged, the biggest number of PMs work in the IT and the financial services sectors. Risk Management. Industry knowledge will help you identify probable risks and manage them.

2020 61

Got Your CSM, Now What?

Leading Answers

I want to disclose upfront that I have been involved with the development of ICAgile, PMI-ACP, and DSDM Leadership credentials so I likely have some bias and preferences. Are they asking for PMP, CSP or PMI-ACP credentials? If so, be more influenced by content and quality rather than recognition and opportunity. Certifications like the PMI-ACP and the ICAgile suite of credentials provide coverage and demonstrate knowledge of these topics.

2017 60

Project Manager or Project Leader? What’s the Difference?

Online PM Courses

And then there’s the PMI Talent Triangle. If you’re a PMI member, you need to hoe your craft in three dimensions: Technical: the core skills of Project Management. You also need to be an excellent communicator, able to: forge strong relationships, motivate people to play their part in your project, secure collaboration and co-operation, influence stakeholders at all levels, and. Simply, we can compare the list of examples PMI offers in its Talent Triangle flyer.

2018 66

9 Essential Project Management Competencies

Girl's Guide to PM

Soft skills include: Communication Leadership Self-awareness Confidence Resilience Teamwork Business acumen Influencing and negotiating Networking Stakeholder engagement. They must believe in themselves, be willing to take risks, and rely on their expert judgement.

2021 287

How good is project sponsorship in your company?

Ron Rosenhead

Read the PMI Pulse of the Profession Report 2015. If its zero (as suggested to me recently by a senior manager) then do read PMI’s 2015 Pulse of the Profession – Capturing the Value of Project Management. No matter what risk scoring process you use I would say this is in the red zone. develop your influencing skills – sometime your sponsor simply has no interest or no time. Use your new found skills to try and influence them or….

2016 147

A Balanced View of the Competing Demands through the Lens of Evaluation

The IIL Blog

In project management, keeping a balanced view of the competing demands (cost, time, scope, quality, risk and resources), requires evaluation to be at the center of the model. Risk = Uncertainties that can be positive or negative. RESOURCES , it is expected that the RISK will be reduced. tax rate) in one city will likely influence changes in nearby cities. By Dr. Willis H. Thomas, PMP, CPT .

2018 74