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PMBOKĀ® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOKĀ® Guide, Seventh Edition in July 2021. This edition is a principles-based guide as opposed to the process-based guide of the Sixth Edition. In this article, let's look at each principle and why each one matters with respect to managing risks. Table Of Contents.

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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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How to Build a Risk Culture in Your Team

ProjectManager.com

What Is Risk Culture? Risk culture is simply an organizationā€™s employeeā€™s awareness, attitudes and behaviors towards risk and how they’ll manage it. An organization that has a risk culture simply means they’re prepared for identifying, managing and mitigating risks as issues arise in their work.

Risk 369
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Risk Management Process Explained (+resources, templates)

PM Basics

Iā€™ve been managing software development projects for more than 11 years. 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. Youā€™ll get the whole risk management process below.

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Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success.

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Managing Project Assumptions and Risks

The IIL Blog

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

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How to Make a Risk Management Plan

ProjectManager.com

You identify them, record them, monitor them and plan for them: risks are an inherent part of every project. Some risks are bound to become problem areasā€”like executing a project over the holidays and having to plan the project timeline around them. But first, what is risk management? What is Risk Management?