The IIL Blog

OCTOBER 4, 2023

By Vincent Marguier October 4, 2023 Risk management is a dynamic component of any project, where risks—and opportunities—must constantly be assessed and monitored to deliver in the most successful way. When the end user is a patient, we must reduce the risk factor to the strict acceptable minimum, straight from the start.

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ProjectManager.com

JANUARY 31, 2024

ProjectManager is award-winning project management software that helps you plan, manage and track your projects to meet your strategic goals on time and within budget by monitoring real-time data. By looking at performance from these different lenses, a business or organization can put its strategy in context.

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Performance Measurement Governance Government Initiating 393

The Strategic Project Manager

MARCH 11, 2024

This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas tool is a management tool introduced by W. Value: Moderate.

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Technical Review Innovation Sustainability Retail 105

ProjectManager.com

SEPTEMBER 14, 2023

While businesses run projects, they also have strategies and objectives that must be met. Business project management is the process by which internal business projects are streamlined and aligned with business strategies and objectives. Businesses aren’t projects but they share many commonalities.

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Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? An organization’s risk champion (e.g.,

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Risk Management Risk PMI Technical Review 268

MPUG

MAY 6, 2024

This intelligent scheduling and optimization ensure that projects are planned most efficiently, with realistic timelines and resource allocations that reduce the risk of overruns and delays. One of the profound applications of AI in this domain is through AI-powered risk analysis tools.

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Artificial Inteligence Risk Management Risk Monitoring 52

ProjectManager.com

NOVEMBER 30, 2023

But those forecasts are estimates and to ensure that you keep to your IT budget, monitoring and tracking costs is imperative. The importance of having an IT budget is to align technology requirements with an organization’s business strategy. What Is the Ideal Size of an IT Budget? There isn’t a definitive answer to that question.

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Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? An organization’s risk champion (e.g.,

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Risk Management Risk PMI Technical Review 240

Proofhub

JANUARY 4, 2021

As you start your project, you need to take the initiative on the preparatory work, from preparing the scope, estimating the costs, assigning resources, and creating a project timeline, to getting sign-off on the key performance indicators. These things will dictate the way you initiate and manage your project from idea to conclusion.

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Initiating Underperforming Technical Team Risk Management Monitoring 127

The IIL Blog

MARCH 26, 2024

In this article, we will explore the rise of the AI-powered PMO and provide actionable strategies for project managers to thrive in an AI-augmented environment. It can alert project managers, recommend mitigation strategies, and even generate alternative scenarios. Suggest mitigation strategies for the top five high-impact risks.”

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PMO Generative AI Technical Review Software Review 88

The Strategic Project Manager

MARCH 14, 2024

It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy. What Is a Value Innovation Strategy? “Value innovation” is a concept introduced by W.

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Project Pulse Journal

NOVEMBER 18, 2023

Can you truly have a well-monitored project and a motivated team working harmoniously? Explore the world of project monitoring and controlling , where we'll guide you through project oversight without overwhelming your team. This article will help you balance diligent project monitoring and foster a less stressful team environment.

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ProjectManager.com

OCTOBER 6, 2023

A PMO director is a senior-level position that takes ownership and is accountable for creating, organizing and implementing the strategies and business programs in an organization. They standardize best practices and oversee related business administration, risk management and change management. What Is a PMO Director?

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Traxidy

DECEMBER 12, 2023

The Art of Mastering Project Surprises: Easy Strategies for Managing Unplanned Work By: Steve McBroom, Founder, Traxidy (Click to follow me on LinkedIn) In this post, we will review the importance of working through project issues and the associated unplanned project tasks, as they arise, and provide effective strategies to manage them.

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Technical Review Software Review Underperforming Technical Team Controlling 109

Project Risk Coach

JUNE 4, 2023

In this blog post, we will explore some of the key factors that can lead to project trouble and discuss strategies to mitigate their impact. Inadequate Risk Management Failure to identify and mitigate risks is a common cause of project trouble.

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Risk Management Technical Review Estimate Risk 243

NimbleWork

APRIL 15, 2024

Understanding the Role of a Project Manager A project manager is responsible for overseeing the entire project lifecycle, from initiation to closure. Risk Management Identifying and managing risks is an important part of project management. According to the Project Management Institute , the global economy will require 87.7

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2027 Risk Management PMI Budget 52

Rebel’s Guide to PM

MAY 2, 2022

So is the general approach: a central administration oversees which projects are initiated, how many resources they receive and what they yield. Strategies and tactics. Strategies and tactics must be articulated: they are the practical translation of the company’s goals and strategic objectives.

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Technical Review Risk Management Governance Government 355

ProjectManager.com

AUGUST 22, 2023

Project planning is the second stage in project management, after initiation and before execution, monitoring and controlling and closing. Risk Management A project risk is an unexpected event, which can be positive or negative. The goal is team building, which leads to a more effective project team.

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Certification Leadership Risk Management Budget 353

ProjectManager.com

DECEMBER 13, 2021

Project managers are in charge of managing teams during the initiating, planning, scheduling, monitoring and closing phases of a project. Create project management documents such as a project budget, project schedule , resource management plan and a risk management plan. Project Manager Responsibilities.

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Project Life Cycle Prince2 Certification PMI 414

Resource Guru

APRIL 13, 2023

Monitoring and controlling a project is an essential part of any successful project process. So come with us as we go down the rabbit hole of monitoring and controlling, and show you just how important it really is. In this article, we’ll cover: What is monitoring and controlling in project management?

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Monitoring Controlling Project Life Cycle Software Review 52

Rebel’s Guide to PM

MAY 25, 2019

We challenge leaders, we talk about risk and what might go wrong and we call people out on poor performance through project monitoring and control. In this article, we’ll look at the causes of team conflict on projects, how to identify conflict and resolution strategies so you can all get back to work. What is Team Conflict?

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Underperforming Technical Team Software Review Risk Management 2012 288

ProjectManager.com

AUGUST 30, 2022

They do everything from monitoring the budget to creating community programs to supervising other managers and developing better business practices. All program directors, however, are responsible for initiating goals based on strategic objectives and allocating resources as needed to achieve employer goals. Create and manage budgets.

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Underperforming Technical Team Software Review Certification Monitoring 279

ProjectManager.com

JULY 5, 2022

Business cases are prepared during the project initiation phase and their purpose is to include all the project’s objectives, costs and benefits to convince stakeholders of its value. Think of the business case as a document that is created during the project initiation phase but will be used as a reference throughout the project life cycle.

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Underperforming Technical Team Project Life Cycle Risk Management Governance 370

ProjectManager.com

JUNE 15, 2021

Project managers plan, budget, monitor and report on the project with project management tools , sometimes pitching the idea of the project or being assigned to it once it’s already been approved. Risk Management. Then there are risks, which are potential problems, ones that have yet to occur or might not ever.

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Certification Prince2 Monitoring PMI 441

Project Pulse Journal

NOVEMBER 12, 2023

Imagine initiating a project so effectively that it stays on track and aligns perfectly with organizational goals. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. What is Project Initiation?

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Initiating Technical Review Prince2 Risk Management 40

ProjectManager.com

NOVEMBER 27, 2019

Project management knowledge areas coincide with the process groups, which are project initiation, project planning , project execution, monitoring and controlling, and project closing. This process is monitored, analyzed and reported on to identify and control any changes or problems that might occur. Project Cost Management.

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Monitoring Risk Management Controlling Technical Review 499

ProjectManager.com

APRIL 29, 2022

Project documentation has several purposes, such as project planning, cost management or risk management. Project Initiation: Project charter, business case, project kickoff meeting agenda. Project Monitoring and Control: Project status report, lessons learned template, timesheets. Risk Register. Business Case.

Project Life Cycle 358

Project Life Cycle Software Review Infrastructure Risk Management 358

Rebel’s Guide to PM

MARCH 18, 2021

The 9 types of artifacts are: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. Strategy artifacts. The first category is documentation that relates to strategy and project initiation. Logs and registers.

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Logistics Artificial Inteligence PMI Performance Measurement 509

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. The following steps outline the approach we take to identify, assess, and analyze risks: 1.

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Risk Risk Management Monitoring Technical Review 36

Productivity Land

FEBRUARY 15, 2024

While many factors go into pricing decisions, studying competitor pricing can provide an effective overall strategy when thoroughly implemented. Based on this data, you can more easily formulate your pricing strategy. What Is Competitive Pricing? However, sustained low pricing can be risky.

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Retail Technical Review Software Review Innovation 66

ProjectManager.com

JANUARY 12, 2024

It addresses external workforce factors that might impact the larger business and maintains organizational capacity while minimizing risk exposure. This helps with workforce planning to achieve business objectives but also informs both employee development initiatives and hiring programs.

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Planning Estimate Risk Management Budget 337

TechEmpower - Project Management

MARCH 4, 2024

AI chatbots are increasingly capable of handling tasks traditionally performed by inside sales reps, such as initial customer contact, basic inquiries, and lead qualification. By processing and analyzing large datasets, AI can identify emerging trends, enabling companies to align their product strategies with future market demands.

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Generative AI CTO Hire Fractional CTO Healthcare 118

Project Risk Coach

NOVEMBER 23, 2020

Seek to understand how the project relates to the strategy of the organization. We need better tools to monitor our call volume and wait time. Risk Management Starts With Clear Goals What is the relationship between goals and risk management? Every organization manages risk, some better than others. Learn More.

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Software Review Risk Management Risk Executing 432

PM Basics

SEPTEMBER 8, 2022

Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. Risk management process is a structured approach to identifying, assessing, addressing, and controlling risks. So, let’s dive in!

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Risk Management Risk Process Underperforming Technical Team 104

Rebel’s Guide to PM

JULY 20, 2023

Here’s the list: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. Strategy artifacts The first category is documentation that relates to strategy and project initiation.

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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Aerospace Risk Management Engineering Risk 98

The IIL Blog

APRIL 10, 2024

As a project manager, your responsibilities can range from using your professional skills and knowledge to help the members of your team to initiate, plan, execute, perform and monitor, and finally close the project. Risk Manager Risk management is a relatively new field in business management that is currently booming.

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2024 Finance Certification Risk Management 78