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
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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 
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Trending Sources
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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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.
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320 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. The better risk management is handled in your project, the greater the probability of success, all other things being equal.
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172 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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Organizational Process Assets: What does that even mean?
Rebel’s Guide to PM
MAY 7, 2023
Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. I’ll confess: when I started out as a project manager, this was a piece of jargon that honestly didn’t mean much at all? But what is an organizational process asset (OPA)? Think intranet or policy library.
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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-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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The Death of Project Management
Rebel’s Guide to PM
SEPTEMBER 20, 2020
I am reminded of the zombie movie each time I have a discussion about project management versus project leadership. 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.
Leadership 481
481 
Questions to ask a project management mentor
Rebel’s Guide to PM
FEBRUARY 7, 2024
Have you got a project management mentor? Maybe you were asked to identify a project manager as a mentor as part of an apprenticeship scheme – that’s the reason I have a couple of mentees at work. How did you get into project management? I’m thinking of taking a project management certification.
Cadence 313
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5 Considerations for Managing a Project Portfolio
Rebel’s Guide to PM
MAY 2, 2022
The mission of a project portfolio manager is clear enough: maximize the business benefits of projects. In this article, you’ll learn the top 5 key considerations and knowledge areas under which the main criteria for managing a project portfolio can be grouped. Consideration #2: Managing complex risk is all about balance.
Technical Review 355
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3 Exam Content Outline Domains for the PMP exam
Rebel’s Guide to PM
OCTOBER 3, 2023
A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) Seventh Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. Instead of the Knowledge Areas , we have the whole body of project management split up into performance domains. Let’s look at each of those domains next.
Technical Review 298
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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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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. Read next: Overcoming bias in project management. The basics. Make an effort to understand others.
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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.
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. Creating and managing a budget is one of the most important parts of delivering a successful event. ProjectManager’s Gantt chart helps you plan and manage event budgets in real time. Learn more. Types of Events.
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Understanding a Salience Model in Project Stakeholder Management
Project Pulse Journal
APRIL 29, 2024
Malinawan, PMP Are you a project manager struggling to deal with an ever-growing list of stakeholders, each with demands that seem equally urgent and important? Prioritizing these demands could stress out your team and complicate your strategic management strategies. By: Meredith G. The salience model, proposed by Ronald K.
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Project Decision-Making
Velociteach
MARCH 6, 2024
Making good decisions is a critical project management skill. 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. By managers? Committees?
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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%. Emotional engagement is based on the process of managing one’s emotions while at work.
Energy 481
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How to Manage Project Scope Without Scope Creep (with examples)
Rebel’s Guide to PM
SEPTEMBER 14, 2020
Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. The term refers to how the project’s requirements or feature list grows over time without proper control. What is scope creep? What causes scope creep?
10 Project Constraints That Endanger Your Project’s Success
ProjectManager.com
JULY 5, 2018
One of the biggest challenges of every project manager is project constraints. Hence, it’s important to know all possible constraints, their influences on each other and the project management tools that address those constraints. Classic Project Management Constraints. Of course, you can control risk to a certain extent.
Technical Review 365
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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 . Risk description .
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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. Project manager: the person leading the project (you).
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Managing Uncertainty, Risk, Threat, and Opportunity
Herding Cats
JANUARY 3, 2017
I received a book over the Holidays - Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making , Chris Chapman and Stephen Ward. This is a seminal work on risk management in the presence of uncertainty. All Management decision should take uncertainty into account.
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. Let’s take a project management example. It’s a form of cognitive bias.
Influencer 368
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Propelling Digital Transformation Beyond Vision with Evidence-Based Management
Scrum.org
DECEMBER 4, 2023
The Evidence-Based Management (EBM) method ensures your journey doesn't stall at the vision stage but progresses forward, fueled by hard data and tangible insights. Digital transformation refers to integrating digital technologies into all business areas, resulting in fundamental changes to operations and delivering value to customers.
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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.
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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.”. Adaptation becomes more difficult when the people involved are not empowered or self-managing.
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What Is Stakeholder Theory?
ProjectManager.com
MARCH 5, 2019
In project management terms, a stakeholder is an individual or group that will be impacted by the outcome of the project. They are often active, and they can have a positive or negative influence depending on their actions. He went on to publish his own book, Strategic Management: A Stakeholder Approach , shortly after the article.
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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? Perhaps that number (from research by PMI ) surprises you, but I’m sure you aren’t surprised by the fact that good communication management on projects leads to higher success rates. What is project communication management? who support it.
Achieving Stakeholder Management Success with the Power-Interest Grid
Project Pulse Journal
APRIL 22, 2024
Malinawan, PMP Do you need help managing a diverse array of stakeholders in your projects? 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.
Unlocking the Power and Mastery of Development Approach and Life Cycle
Project Pulse Journal
APRIL 8, 2024
Malinawan, PMP Navigating the complexities of modern project management demands a sophisticated comprehension of the Development Approach and Life Cycle Performance Domain. Your pursuit of streamlining and enhancing project management processes led you to a pivotal crossroads.
Exploring the controversy around SAFe's approach to Product Ownership
Scrum.org
MAY 8, 2023
Why is Product Ownership split to Product Owner and Product Manager in SAFe? SAFe has multiple Product Ownership/Management layers As organizations tackle bigger products, they have some alternatives for how to tackle product ownership/management. How does it differ from the Scrum Guide?
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What is A System for Value Delivery in Project Management
Project Pulse Journal
MARCH 7, 2024
What is A System for Value Delivery in Project Management Hajime Estanislao, PMP, CSM Are you a project manager looking to improve your project management skills and help your organization grow? Take the next step towards mastering the value delivery system and project management. What is a System for Value Delivery?
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Using Operational Excellence to Be More Productive
ProjectManager.com
MAY 16, 2019
If you’re looking to become more productive, then you must use work management tools and methods that help every aspect of your organization to achieve that goal. It must positively influence all aspects of a business, including revenue, cost and risk. Integrated Management System. Elements of Operational Excellence.
5 Tips for Scrum Masters: Collaborating with Project Management for success in a transforming landscape
Scrum.org
AUGUST 9, 2023
Imagine standing before a room filled with Project Management professionals at a conference, sharing insights gained from your experience. As you deliver your speech, you realize that Scrum and Project Management, despite their apparent differences, face a myriad of common challenges.
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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). The SOW is also a guideline for the project manager. Any change that is going to influence the project needs to be uncovered. Reduce ambiguities and risks.
What Is a Cost Breakdown Structure (CBS) In Project Management?
ProjectManager.com
JUNE 7, 2023
There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product. 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.
Manufacturing 248
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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.
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Project Management Checklist for the Modern Agency [download]
Function Point
APRIL 12, 2023
But a lack of emphasis on the agency project management process can seriously derail your creative team’s best efforts. This is where a Project Management Checklist can help keep you on track. Even the most organized project managers need to take time to regularly reevaluate processes for efficiencies.
6 Ways Your Organizational Culture Affects Project Management
Productivity Land
FEBRUARY 27, 2023
Project management is a complex discipline requiring technical skills, leadership abilities, and effective communication. However, one often overlooked factor that can have a significant impact on project management outcomes is organizational culture.
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7 Ethics Tips For Project Managers
Rebel’s Guide to PM
FEBRUARY 20, 2022
A project manager approached me recently with a problem. That didn’t sit quite right with her (and she didn’t know she was a perfect example of a project management ethics case study when she was telling me the story!). What is Ethics in Project Management? What are ethical issues in management?
The Road to Responsible Collaboration: Architecture and Models
The IIL Blog
OCTOBER 17, 2023
This discussion naturally reads like a description of a project management (PM) implementation, and it does indeed use PM concepts. It is, however, a framework for the business management of project delivery and most likely is accompanied by corporate cultural change. in-house standards, PMBOK®, PRINCE2®, etc.).
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