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Risk Mitigation in Project Management

ProjectManager.com

Risk is something every leader knows well. We all need to become comfortable with some risks. We are never going to eliminate all risks. What Is Risk Mitigation? It involves a process that we’ll explore in a moment but basically addresses the top risks in order to fully protect the project. Learn more.

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12 Sure-Fire Ways to Improve Project Risk Management

Project Risk Coach

Mike was a functional project manager in an organization where I managed a PMO. But his projects were trending in the wrong direction and his manager was not happy with Mike's performance. In a one-on-one meeting, I asked Mike how he was identifying, analyzing, and managing his risks. Frankly, he did not know how.

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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Create a Collaborative Project Team Environment 3. Optimize Risk Responses 11. Table Of Contents. Focus on Value 5.

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Risk Breakdown Structure for Projects: A Complete Guide to RBS

ProjectManager.com

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

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SDLC – The Software Development Life Cycle

ProjectManager.com

But when you break down large chunks of the work into smaller pieces, suddenly it’s manageable. That’s basically what any project management methodology is all about. The software development life cycle (SDLC) is how it’s done in software development. What Is the Software Development Life Cycle (SDLC)? SDLC Phases.

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PMOs Shifting from Watchdogs to Strategic Enablers

Project Risk Coach

Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. Management sees it as a way to give oversight to all the programs and projects. Third, some PMO managers lack authority and relational influence in the organization.

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How to manage team conflict (& 5 strategies for conflict resolution)

Rebel’s Guide to PM

And project managers contribute hugely to that because we go out and look for it. 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. What is team conflict? You could say we go looking for trouble.