Risk Management and AI
Musings on Project Management
FEBRUARY 7, 2024
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are
14 Common Project Risks (+ more)
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.
Risk 
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Risks in the project: an overview
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. Although some risks can be eliminated with a suitable solution strategy, certain risks can never be completely avoided in the project context.
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New: Risk Management framework for AI
Musings on Project Management
MARCH 7, 2023
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are designed
Risk Management 186
186 
Organizational Process Assets: What does that even mean?
Rebel’s Guide to PM
MAY 7, 2023
They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive). They serve the same purpose – to influence the context and environment for the project – except they are external influences instead of internal influences.
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422 IT Risk Management Strategies and Best Practices
ProjectManager.com
JANUARY 21, 2019
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. Here’s a screenshot of the whiteboard for your reference! What is IT Risk Management?
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Creating a Risk-Adjusted Backlog
Leading Answers
JANUARY 16, 2021
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? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.
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145 6 Easy Ways to Manage Group Think and Risk at Work
Rebel’s Guide to PM
MAY 9, 2018
It’s an edited extract from his book Risk Happens ! Group Think Introduces Risk. Therefore, with dissent discouraged, groups tend to endorse higher risk decisions than individuals would. Psychologists refer to this as “risky shift”. A bright cover for Mike’s own book, Risk Happens! Dr Mike Clayton.
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The Death of Project Management
Rebel’s Guide to PM
SEPTEMBER 20, 2020
I’m not referring to the mental state of those on either side of the argument, rather the way that just when you think the discussion has died down and the argument is resolved it comes back to life. I am reminded of the zombie movie each time I have a discussion about project management versus project leadership.
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Risk Report
Techno-PM
AUGUST 7, 2023
Introduction A risk report is a formal document that gives a systematic and complete summary of the potential risks that an organization's operations, initiatives, strategies, or external environment may face. Methodology Risk report follows a systematic methodology to provide an accurate and comprehensive analysis of potential risks.
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3 Exam Content Outline Domains for the PMP exam
Rebel’s Guide to PM
OCTOBER 3, 2023
Competency models are not the same as project management models : in the PMBOK Guide Seventh Edition, the term ‘models’ refers to commonly use strategies and approaches for optimizing the way work is done. It’s the difference between doing a reasonable job and being seen as a strategic influencer at work. Yes, that’s right!
Technical Review 298
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Questions to ask a project management mentor
Rebel’s Guide to PM
FEBRUARY 7, 2024
Who are the key influencers for Y? Understanding the workplace culture and the dynamics of soft power within the organization can hugely increase your influence, so use your mentor for the insider information! The PMBOK® Guide now seems to reference so many skills and competencies for project managers and the job is so broad.
Cadence 313
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How Culture Can Impact Communication in the Workplace
Rebel’s Guide to PM
DECEMBER 17, 2022
Culture can be a complex concept, but in general, it refers to the ways in which a group of people interact with each other and the world around them. The more nationalities on your project team, the greater the risk of challenges. The basics. And the more awesome the team is likely to be. How is culture related to communication?
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Do your team members feel unsafe to lead?
Kiron Bondale
DECEMBER 20, 2020
Laziness or inertia did not make the list, but if we give the Homer Simpson who is in all of us an opportunity to take over, his influence could be a fourth contributor! What was very surprising to me is that the authors never made any explicit references to psychological safety, and yet that is an effective vaccine to prevent these ailments.
The Impact of Framing in Decision Making
Rebel’s Guide to PM
DECEMBER 18, 2022
That affects how people make choices – and we can influence those choices by how we frame a statement. Framing occurs when people identify the key issues in a situation and then present them in a way that will influence the decision that is made. As a reference point, it’s now in a different place. It’s a form of cognitive bias.
Influencer 368
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5 Considerations for Managing a Project Portfolio
Rebel’s Guide to PM
MAY 2, 2022
It’s common to bind together projects that support the same business objective into tactical programs, while I’ve often heard larger projects that contribute to different business goals informally referred to as strategic – even in the absence of an explicit portfolio management practice.
Technical Review 355
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The Crucial Interlink Between Product Goal, Stakeholders, and a Transparent Product Backlog for Product Success
Scrum.org
DECEMBER 8, 2023
Join us as we dissect this pivotal triad and its influence on project success. In Agile Product Management, the triad (often compared to a 3-legged stool)refers to the integral relationship between the Product Goal, stakeholders, and the Product Backlog. We're referring to this goal when we speak of the 'why' behind a product.
Influencer 162
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Using SWOT Analysis for Risk Identification and Risk Management
nTask
NOVEMBER 12, 2018
Gary David Cohn once said, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”. Project manager or not – professionals on all levels have to interact with researching, identifying, and resolving risks. Risk Identification Techniques.
Creating a Risk Register: All You Need to Know
Epicflow Blog
APRIL 29, 2022
Project management goes hand in hand with uncertainty and risks. The present-day disruptions caused by the pandemic bits and pieces, military conflicts, and geopolitical tensions can only increase the number of risks that projects will be exposed to. . Risk Register: Definition and Purpose . How to Create a Risk Register?
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Project Decision-Making
Velociteach
MARCH 6, 2024
Organizations have a culture that influences the project team’s sub-culture. How do they feel about risk, empowerment, accountability, hierarchy, and control? Risk tolerance describes comfort in taking risks. Start-ups generally have a greater risk tolerance than well-established organizations. By managers?
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The 3 Types Of Employee Engagement You Should Know
Rebel’s Guide to PM
APRIL 19, 2021
People with diverse viewpoints can spot risks and opportunities that others might overlook. According to one report , cognitive diversity can boost team creativity by up to 20% while also lowering risk-taking by up to 30%. Another study discovered that teams with more cognitive diversity tackle problems faster. Emotional engagement.
Energy 481
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What Is Stakeholder Theory?
ProjectManager.com
MARCH 5, 2019
They are often active, and they can have a positive or negative influence depending on their actions. Stakeholders can influence everything and everyone in a project or organization, including senior management, project leaders, team members, customers, users and many others. Also, who will wield the most influence? Compromise.
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How to Create an Event Budget
ProjectManager.com
NOVEMBER 22, 2022
Prices for things change and there’s an inherent risk in putting together an event that can impact your budget. An online event also referred to as a virtual event , is one that takes place on the internet. Planning and budgeting an event is the first step you in delivering a successful event. Create an Event Budget.
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Achieving Stakeholder Management Success with the Power-Interest Grid
Project Pulse Journal
APRIL 22, 2024
A clear, actionable framework that simplifies stakeholder prioritization and analysis and enhances your ability to engage effectively with each stakeholder according to their influence and interest would help address this dilemma. Keeping relevant stakeholders satisfied helps prevent project disruption and effectively manage uncertainties.
10 Project Constraints That Endanger Your Project’s Success
ProjectManager.com
JULY 5, 2018
Hence, it’s important to know all possible constraints, their influences on each other and the project management tools that address those constraints. Managing risks is an important task for project managers. When you estimate probability, a risk will have a certain impact on your project. Tool for Handling Risk.
Technical Review 366
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The Three — Wait: Four — Elements of Empiricism
Scrum.org
SEPTEMBER 19, 2022
In its theory section, the Scrum Guide refers to the three elements of empiricism: transparency, inspection, and adaptation. Artifacts that have low transparency can lead to decisions that diminish value and increase risk.”. Any approval process delays the inevitable, probably causing additional costs or increasing the risk level.
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How to Manage Project Scope Without Scope Creep (with examples)
Rebel’s Guide to PM
SEPTEMBER 14, 2020
The term refers to how the project’s requirements or feature list grows over time without proper control. Change control or change management is the process of managing unplanned but desired influences on the project. The risk of scope creep comes when additional scope items are added part-way through an iteration or sprint.
Project Boards and Project Steering Groups: An Introduction
Rebel’s Guide to PM
AUGUST 6, 2022
They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. You’ll want to document a terms of reference for your governance committees so they know what they are supposed to do. Risks and issues. They should help guide you to project success.
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Project Scope 101
ProjectManager.com
JUNE 20, 2017
This paperwork can be called your scope statement or terms of reference, but more often it’s referred to as a statement of work (SOW). Any change that is going to influence the project needs to be uncovered. Reduce ambiguities and risks. By defining scope you do a multitude of good for the project.
Propelling Digital Transformation Beyond Vision with Evidence-Based Management
Scrum.org
DECEMBER 4, 2023
Digital transformation refers to integrating digital technologies into all business areas, resulting in fundamental changes to operations and delivering value to customers. By grounding decisions in solid facts and empirical data, EBM minimizes the risks of errors born from assumptions. What Is Digital Transformation?
Technical Review 174
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What Is a Cost Breakdown Structure (CBS) In Project Management?
ProjectManager.com
JUNE 7, 2023
Some refer to it as a should-cost analysis. Businesses can’t influence the latter but can have some influence on the former, which includes labor, raw materials and subcontracting. What Is Cost Breakdown Analysis? This is further broken down into direct and indirect costs.
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Unlocking the Power and Mastery of Development Approach and Life Cycle
Project Pulse Journal
APRIL 8, 2024
This domain facilitates strategic alignment, optimized delivery cadence, methodology customization, increased flexibility, and improved risk management. By embracing a clear, structured, and flexible framework, each phase of the project's life cycle can be optimized for efficiency, risk mitigation, and stakeholder contentment.
Project Communication Management: What is it all about?
Rebel’s Guide to PM
JUNE 22, 2021
Did you know that 56% of your project budget might be at risk due to poor communications? Key decisions documentation – provides a mechanism for documenting and distributing key decisions with the project team for future reference. We know that all projects use finite resources to achieve an objective. who support it.
The Road to Responsible Collaboration: Architecture and Models
The IIL Blog
OCTOBER 17, 2023
This lack of clarity has hindered project development, severely impacting the ability of the business to understand, influence, and control the appropriate elements of the project. The diagram, Business Focused Architecture, is taken from the reference, A Concise Guide to Project Collaboration 1 , and provides the necessary anchor.
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5 Tips for Scrum Masters: Collaborating with Project Management for success in a transforming landscape
Scrum.org
AUGUST 9, 2023
Strong governance streamlines the governance process, assuring adherence to processes, effective risk management, and timely decision-making. Moreover, the Scrum Master can influence the broader Project Management approach within the organization to embrace Scrum practices like servant-leadership and empowered teams.
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6 Ways Your Organizational Culture Affects Project Management
Productivity Land
FEBRUARY 27, 2023
Organizational culture refers to the values, beliefs, attitudes, and behaviors shared among an organization’s members. Project management, on the other hand, refers to planning, organizing, and managing resources to achieve specific goals and objectives within a specified time frame.
Innovation 75
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How to Navigate the Project Environment Even if You’re New to Project Management
Project Pulse Journal
APRIL 2, 2024
Enhanced decision-making, risk mitigation, resource optimization, and stakeholder satisfaction that propel your projects to new heights of success and recognition. Regulatory requirements are not optional; alignment with them should always be a vital part of your risk management. Their needs, expectations, and influences are diverse.
Governance 40
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Using Operational Excellence to Be More Productive
ProjectManager.com
MAY 16, 2019
The metrics that indicate that an organization is achieving its goal of operational excellence include lower operational risk, lower operating costs and increased revenues when compared to the competition. It must positively influence all aspects of a business, including revenue, cost and risk.
What is A System for Value Delivery in Project Management
Project Pulse Journal
MARCH 7, 2024
The system for value delivery refers to a structured framework and methodology used in project management. Each knowledge area plays a role in value delivery by enabling effective project governance, resource management, risk mitigation, and stakeholder engagement. What is a System for Value Delivery?
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5 Tips to Build a Harmonious Project Team in 2023
LiquidPlanner
FEBRUARY 15, 2023
Without a harmonious project team, your project could be at risk of unhappy stakeholders and clients, delayed timelines, and every PM’s greatest nightmare … scope creep. Harmonious Focus 2: Set ground rules and act as a harmonizing influence Set a cadence for how your team should behave and work from project initiation to completion.
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Exploring the controversy around SAFe's approach to Product Ownership
Scrum.org
MAY 8, 2023
Working closely with one or two teams, owning product choices for a couple of product features or a certain slice of the product can be a great jumping point for Junior Product Managers/Owners (What Melissa Perri refers to as Associate Product Managers in Escaping the Build Trap ). The issue here isn’t unique to SAFe.
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Agility for a Sustainable World: Why We Need to Redefine The Meaning of Agility
Scrum.org
MAY 21, 2021
Our own explanation of agility so far has been "the skill to turn customer needs into value flexibly, creatively and quickly while managing risk in complex environments.". . For some, value means, money, prestige, influence or success; for others, it means, health, freedom, education or environmental value. Controlling complex risk.
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Prioritization techniques for the Product Owner
Scrum.org
AUGUST 28, 2023
By carefully choosing which features to deliver first, the Product Owner can maximize the value that your product delivers while minimizing the risk of investing resources in features that may not resonate with your audience. Could-Have (C): Referring to features that provide added benefits to specific user segments.
Technical Review 166
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12 Ways to Create A Positive Work Culture
Rebel’s Guide to PM
SEPTEMBER 17, 2020
Good relations are the key to influencing people, getting their attention and finally getting things done. This is especially helpful while running risk sessions, creating work breakdown structures, and brainstorming project schedules. Quite often we have no team directly reporting to us. Always explain it to others.
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