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How Poor Risk Management Is Hurting Your Program

Project Risk Coach

Poor risk management is costly. Let's look at the cost of poor risk management through the example of Tom Whitley. The Risk Management Mistakes of Tom Whitley The Star Mutual Insurance Company (SMIC) hired Tom Whitley as a project manager to manage information technology projects. The imaging team had started building workflows.

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Product Planning Fundamentals: Develop a Product Plan in 6 Steps

ProjectManager.com

You have just developed a product that could potentially be monetized and sold to marketing agencies around the world. Once you have your new product idea, the next step is to develop a high-level vision for the product that can be used to pitch it to potential consumers. Valuable information is buried in that feedback.

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Cost of Quality (COQ): A Quick Guide

ProjectManager.com

But we’ll also discuss the cost of good quality vs. the cost of poor quality and show you how to measure COQ. It’s also not just forecasting the impact of poor quality but the expense of audits and maintenance that comes with delivering a quality product or service. What Is Cost of Quality (COQ)?

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What Is a Project Management Communication Plan?

ProjectManager.com

If you have a project communication plan , like our free template, then you have a way to get information out to those who need it, in a way that is understandable and actionable. Managing those tasks is a constant communicative effort with your team. A plan helps you reach the right people with the right information.

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Risk Mitigation in Project Management

ProjectManager.com

Assign the risk to team members, add priority, level of risk, response, impact and more. Monitor Risks Always monitor the project and keep an eye out for the risks you identified or any issues that might arise. If something happens that impacts the project, then implement the plan and monitor the response until it is resolved.

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What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

Having designated risk roles ensures that significant risks receive attention and allows everyone on the team to focus on completing the project successfully. First, sponsors develop and cast the project’s vision, including goals , risk appetite , and risk thresholds. Information Technology) or in a Project Management Office (PMO).

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Free Strategic Planning Templates for Excel and Word

ProjectManager.com

When the leadership team defines an organization’s vision, they look toward the future and identify the goals and objectives they want to achieve. You can view which projects are opened and who’s assigned to what tasks and highlight key metrics to keep stakeholders informed. This is the start of strategic planning.

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