article thumbnail

14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. 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. What’s a risk again? It helps to think of risks in categories.

Risk 320
article thumbnail

Have You Left Anything Out of Your Project Management Plan?

Project Risk Coach

Project Scope Management Plan Define how you will plan, execute, and control scope. Project Time Management Plan Define how you will plan, execute, and control the schedule. Project Cost Management Plan Define how you will plan, execute, and control the budget. Determine your project life cycle.

Planning 379
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stakeholder Mapping 101: A Quick Guide to Stakeholder Maps

ProjectManager.com

Map your stakeholders and keep them in the loop with ProjectManager.com’s project management features. A stakeholder map is a visual, four-quadrant influence-interest matrix used to identify stakeholders and categorize them in terms of their influence and interest in the project. Try it for yourself today!

article thumbnail

SWOT analysis in project management: definition, instruction & example

Inloox

How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. Assessment of threats It draws attention to potential external risks and threats that could negatively impact the project.

article thumbnail

What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

The price for the product or service is then developed by using a cost breakdown analysis to figure out how much the product or service costs and then adds the profit margin. This is further broken down into direct and indirect costs. For one, a resource breakdown structure is a list of resources, not costs.

article thumbnail

Project Controls: A Quick Guide

ProjectManager.com

If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. In fact, it works throughout the entire life cycle of a project. Cost estimates.

article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

This means this methodology greatly influences how your team operates and might even require you to make hiring decisions based on it. If not, you’re going to risk scope creep. On the other hand, kanban doesn’t have such strict rules. First off, it’s that scrum master.

SCRUM 412