The Risk Management Process in Project Management

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? So risk management, then, is the process of identifying, categorizing, prioritizing and planning for risks before they become issues. It’s all about process.

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A Quick Guide to Strategic Initiatives

Although the term “strategic initiative” might sound like inflated business jargon, it’s far from useless. A strategic initiative is a compass that guides businesses and targets future goals. But a strategic initiative is more than one project, it encompasses many projects working together to serve the needs of the larger corporation. Strategic initiatives are large and complex, requiring a program manager to steer that big ship.


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No more initial estimates? NOOOOOOOOOOO!

Kiron Bondale

Tagged: communications , improving project management , Process compliance stupidity , Project scheduling , Risk management , Stakeholder analysis , Valuable projects. Facilitating Organization Change Process Peeves Project Management communications improving project management Process compliance stupidity Project scheduling Risk management Stakeholder analysis Valuable projectsIt’s unfortunately an all too familiar scenario.

Managing Your First Strategic Initiative

Arras People

Strategic initiatives aren’t the same as typical projects—they tend to be considerably more complex and at times have hands on involvement from the top-level of management in the business. However a strategic initiative , like a new product launch, can be driven by the reaction of the business to dramatic changes in market conditions or regulatory pressure and is likely to be stakeholder led and have considerably more visibility within the business.

How to Package and Price Embedded Analytics

If so, moving the feature to an optional add-on may also reduce friction in the sales process. up the sales process—not just in current deals, but (as we’ll explain later) in future revenue streams as well. insight to develop and refine a proven, proactive process.

Project Initiation: How to Start Your Project Off Right

But if a project isn’t initiated correctly, then those hopes and expectations aren’t anchored in a solid foundation, and your project can drift off course and head for disaster. Of course, there are many steps in the successful execution of a project, but project initiation is the first and, in some ways, the most important step. What Is Project Initiation? The first being project initiation. What is project initiation? Review the Initiation Phase.

Project Management Processes & Phases

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. At first, the concept of the project management process and its practical adaption can seem a little daunting, but this article will give you everything you need to set up PM processes and phases at your business. Initiation. How to Implement a PM Process in Your Organization.

16 Pre-Project Questions for Project Initiation Meetings

Girl's Guide to PM

The next step will be properly initiating the project. The Project Initiation Phase. You kick off the project through the project initiation phase. How Long is Project Initiation? On a small project, you could finish projet initiation in a morning, following a chat with one other person. So don’t let anyone tell you are taking too long for project initiation. When you feel ready to start properly planning, then initiation is over.

Project Management Process: The Basics


Edwards Deming once wrote that “if you cannot describe what you are doing as a process, you do not know what you are doing.” Project Management Process Groups. Initiating : processes that are required to define and authorize a new project, or a new phase of an existing project. .

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5 Powerful Ways to Improve Your Project Approval Process

Project Risk Coach

Today, let's look at five ways to improve your project approval process. Project Approval Process. Project Approval Process. For example, selection criteria might include: 1) strategic importance, 2) regulatory compliance, 3) financial viability, and 4) business and technical flexibility to accommodate future changes, to name a few. […] The post 5 Powerful Ways to Improve Your Project Approval Process appeared first on Project Risk Coach.

New Study: 2018 State of Embedded Analytics Report

informs decision makers while they’re in the flow of current thought processes within apps—without losing. The Conclusion provides three action items you can follow to jump-start your analytics initiatives. 2018 STATE OF. EMBEDDED. ANALYTICS. REPORT The Sixth Annual Review of Embedded.

Project Initiation Checklist: The Perfect Way To Start Your Projects


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.

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Don't Rely on the Project Customer's Initial Requirements

Brad Egeland

There are variations to this and what works best may depend on the customer and what your organization’s processes mandate, but to some extent this is basically what needs to happen. So, now it’s on to the next phase of the planning process.

How to Define a Workflow Process

First you need to define a workflow process. What Is a Workflow Process? Workflow is the definition, execution and automation of business processes: where tasks, information and documents are passed from one person to another for action according to a set of procedural rules. How do you get a new initiative done? You need a process for getting through the work, which is easier said than done. No Processes: There might be no process in place at all.

Managing Digital Projects: The Digital Project Management Process


If you are wondering exactly just what this means and wanted to learn more about the digital project management process you have come to the right place. The Digital Project Management Process. Let’s go through each step or process in turn. Initial Planning.

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Business Process Improvement: What it is and How to Implement it


According to surveys conducted, as of 2016, 66% of enterprises run a business process improvement program occasionally or never. Of the 20% that undertake process improvements , 5% record little to no success, 28% experience success limited to individual departments but do not record enterprise-level success, and 19% experience success after significant difficulties. What is Business Process Improvement? Generally, business processes can be divided into three key types.

Project Management Process & Phases

ProProfs Project Management

In simple terms, the Project Management process is the art of managing all components of a project from starting to closure using a structured scientific methodology. According to the PMBOK guide, which is considered the bible for project managers, project management is scientifically done by managing project documents through 49 processes that are grouped into five project phases. . Initiating. The processes in this phase are: . What is the project process?

Review People Over Process

Henny Portman

Levine wrote with People Over Process – Leadership for Agility a very pragmatic and down to earth book about leadership and agile projects. It puts the focus on the software and the related business processes in a powerful way by using different scenarios. To order: People over Process.

How to Improve Your Project Evaluation Process

ProProfs Project Management

According to Saaslist , Project management challenges like poor project evaluation process cost businesses $109 million for every $1 billion invested in a project. . Project Evaluation is the process of assessing an ongoing or completed project by gathering data at each stage of the project.

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5 Ways to Lead a Change Management Initiative: Project Manager As Change Manager


It can also be observed in people, organizations and processes—and in these instances it’s not such a great thing. In order to achieve this predictability, they implement policies, processes, methods and controls to help stabilize operations and turn everything into a predictable model. I’ve observed quite a few change management initiatives fail, and some of them have failed spectacularly. Here are five ways to lead a successful change management initiative: 1.

5 Major Benefits of Adopting an Effective Project Portfolio Management and PMO Initiative


Making sure that success not only happens today, but is more likely with future project initiatives. While not discounting the skills of the PMO leadership, the essence of an effective PMO is providing a process framework and technology infrastructure that allows you to continuously meet your business objectives. You need to be able to leverage the processes and lessons learned from previous projects and capturing this information in the project repository.

Using Technology to Streamline Project Initiation Instruction


Using Technology to Streamline Project Initiation Instruction. The Project Initiation Instruction (PII) – or the Definition Document – is one of the most important artifacts in project management because it provides a foundation for the project. Embracing technology and online collaboration tools like MindGenius Online can both short circuit the creation process and deliver a transparent live document for all project members and stakeholders to refer to.

Software Development Process: How to Pick The Process That’s Right For You


Every great piece of software starts with a plan and a clear process in place. Luckily, there are numerous software development processes you can choose from when you’re starting your next project. But which software development process is right for you? In this guide, we’ll go over the basics of your software development lifecycle, why it’s so important to understand, and then cover the pros and cons of the five best software development processes.

Demystifying the PMBOK Process Groups


Generally speaking, projects require five process groups — initiating, planning, executing, monitoring and controlling, and closing. These are known as the PMBOK (Project Management Body of Knowledge) process groups. Though widely used, this form of process management can often be confusing for managers and team members who are new to formal project management. . An introduction into PMBOK process groups and knowledge areas. What are the process groups of PMBOK?

10 Steps to Successful Process Governance


Ensuring that all team members meet these standards can be difficult, but enforcing process consistency can make a huge difference. Process governance is how a company consolidates and standardizes their management, tasks, and services to ensure that each project is executed properly and in accordance with what is expected by both managers and clients. Governance is made possible by implementing standardized practices, processes, and rules across the entire business.

Risk Management Plan - What is the Process?

Brad Egeland

Risk Management Planning What is the Risk Management Process? So, most times you can expect to make lots of lists to keep up with the entire process. Likewise, the chief information officer (CIO) needs to mobilize the c-suite and department managers initiating various tasks integrated into cybersecurity monitoring and vendor management. Presently, there is no greater priority than the prevention of a data breach.

Change Impact Assessment Process with Template


Change Impact Assessment The clue is in the name – you guessed it right: a Change Impact Assessment assesses the impact of a change initiative. Support: is this an initiative that we can do on our own, or will it require assistance from other divisions (e.g.,

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5 Major Benefits of Adopting an Effective Project Portfolio Management and PMO Initiative


Making sure that success not only happens today, but is more likely with future project initiatives. While not discounting the skills of the PMO leadership, the essence of an effective PMO is providing a process framework and technology infrastructure that allows you to continuously meet your business objectives. You need to be able to leverage the processes and lessons learned from previous projects and capturing this information in the project repository.

The Ultimate Guide To the Change Management Process


This is why a poor change management process can lead to failure. In this guide, we’ll help you understand why a solid change management process is important to your unique team. In fact, the reason for change often becomes unclear as the process changes hands. .

Government Lessons in People Over Process

Leading Answers

Lack of respect for those initiating the change. The change initiative and its implications are misunderstood. Exclusion from the change initiative. Something I was not aware of at the time is how the career development process works within the government. Opportunities to influence the change initiative. Source of the change initiative is liked and respected. My first opportunity to create and run a large agile team did not start well.

Best Practices for Your Project Management Initiation Phase


The Guide to the Project Management Body of Knowledge officially recognizes five project management phases or process groups. These are: Initiating, Planning, Executing, Controlling, and Closing. For this article, we tackle the best practices for the first step in the lifecycle: the project management initiation phase. What is the Project Management Initiation Phase? Best Practices for the Project Management Initiation Phase.

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How To Create A Project Initiation Document


How To Create A Project Initiation Document. a step-by-step process) as a guide to help you get started. STEP 1: UNDERSTAND YOUR OBJECTIVES In this “How To” example we will demonstrate MindGenius Online functionality using a pre-prepared Template outlining a process to help facilitate the preparation of Project Initiation Instruction (PII). The Task Board is designed to bring a high degree of visibility, process flow and all-important tracking to this stage.

Process Groups and the 5 Steps of Traditional Project Management


Let’s take a closer look at process groups and how they help you move through the five traditional stages of project management. What are process groups? Think of process groups as a set of actions or subtasks necessary to complete one step of the plan to bring your product to market. Baking a pie is one way to break it down into more digestible pieces and we look at the entire process from a macro level to understand how it is broken up into groups of processes.

How to memorize the 49 processes from PMBOK 6th Edition in under 30 minutes


The 49 processes (shown below) form the skeleton or outline for the PMBOK – if you fully understand the 49 processes you are well on your way to passing your PMP or CAPM exam! The Process Chart. The columns at the top of the chart below show the Process Groups, while the rows show the Knowledge Areas. The center of the table shows all 49 processes. It is important to know both the Process Group and Knowledge Area for each process.

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Process Optimization in Project Management (2): The 5S-Framework


Most of all this methodology provides an initial introduction to process optimization for smaller companies. In this way you work more effectively and create a good basis for further optimization processes. S eiketsu - Standardize Now develop a comprehensible and understandable description of all work processes at your workplace (especially in production). If necessary, you can visualize certain processes for better understanding.

People Versus Process

Herding Cats

At the program level and above, the choice of a people focus or a process focus is not between two competing paradigms. This is obvious but many times lost when discussing agile processes. One school emphasizes people, while the other emphasizes process. A second school emphasizes process and starts with the assumption that firms don’t intentionally “hire bad people,” so a framework in which to work is needed. [1].

How To Create A Simple Project Plan (Project Planning Process)

PM Basics

Nevertheless, project planning is a structured and logical process. At each moment of the process, you’re in need of information that you don’t have yet. Most of the processes are interrelated, and you don’t know where to start from. You use outputs from the previous steps in the next step in the process. You need to evaluate each process. Here, I focus on project planning process only. It’s more important that you understand the process.

How to Create a SIPOC Model for Process Creation or Improvement [SIPOC Template Download]

Project Bliss

If you have a project that involves any type of process improvement, a SIPOC Model is a great tool to get your team started. It’s a great tool to facilitate discussion and common understanding when dealing with processes that can be complex – and gets you off to a great start. your team needs clarity on the scope, boundaries, and high-level information about a process you want to better understand or improve. you’re developing a new process. PROCESS.

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From Onboarding to Expert: Optimizing Projects and Processes with LiquidPlanner


Here at LiquidPlanner we’ve identified four main stages our customers go through to optimize their projects and processes. With a lot of project data in LiquidPlanner by now, this is a good time to use baselines to look back and see if actuals met initial projections. When setting up your workspace initially, you can account for any scheduling constraints your organization might have.

The Ultimate Guide To the Phase Gate Process


Project managers have a number of processes and techniques they can use to ensure continued project viability and success. One such technique is called the phase gate process. . The phase gate process is a technique that is used to guide a project from conception to launch.