Project Risk Coach

OCTOBER 5, 2020

Why are many project managers confused over risks? Why do some project managers include positive risks in risk management and others do not? Let's clarify what we mean by the term risk. Risk is a Choice Merriam-Webster defines risk as “the possibility of loss or injury: peril.” Peter Bernstein.

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Risk Prince2 Risk Management Governance 418

Project Risk Coach

AUGUST 9, 2021

And one of the most critical events is your project kickoff meeting. Let's ensure that our meeting participants leave the kickoff meeting with a good understanding of the project and motivated for the hard work ahead. One thing that I've learned after twenty years of projects. Double down on your initial efforts.

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Underperforming Technical Team Initiating Risk Management Closing 397

ProjectManager.com

DECEMBER 9, 2019

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

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Risk Risk Management Estimate Project Life Cycle 452

Rebel’s Guide to PM

SEPTEMBER 29, 2022

Risk meetings don’t have to be boring, although in my experience they often are. A Short Guide to Facilitating Risk Management is a book that specifically addresses how to get the best out of your risk management meetings. The benefits of risk management. Great advice for risk meetings.

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Risk Management Risk Initiating Planning 396

ProjectManager.com

AUGUST 13, 2021

How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan. What Is Construction Risk Management? It details what risks might occur and how to resolve them.

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Construction Risk Management Risk Underperforming Technical Team 397

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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Rebel’s Guide to PM

MAY 20, 2022

Meeting a project sponsor for the first time is an opportunity to impress. But what do you actually talk about when you meet a project sponsor for the first time? She likes detail and to be aware of all project issues and risks. For her a detailed meeting agenda is frustrating as she will concentrate on how members feel.

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2016 Influencer Risk Management Risk 365

Project Risk Coach

AUGUST 24, 2020

In a one-on-one meeting, I asked Mike how he was identifying, analyzing, and managing his risks. His response revealed his belief in risk management but a lack of actual application with his teams. Warren Buffett says, "Risk comes from not knowing what you are doing." Failure to focus on the risks that matter.

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Risk Management Risk Underperforming Technical Team PMI 459

ProjectManager.com

DECEMBER 2, 2020

Risk is always present. If we were to try and avoid all risks, it would be paralyzing—not to mention impossible. As you might imagine, there’s a process in project management that addresses risk and how to deal with it. It’s called risk mitigation. No project plan is complete without a solid risk mitigation plan.

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Risk Planning Risk Management Monitoring 421

Rebel’s Guide to PM

APRIL 11, 2022

Have you been asked to pull together a strategy planning meeting agenda? In this article, I’ll explain what a strategic planning meeting can cover and share a sample agenda you can customize for your strategy sessions. The conversations need a structure to help keep the pace and ensure the meeting runs smoothly.

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Project Risk Coach

OCTOBER 3, 2022

Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? So, a risk may cause a positive effect. So, a risk may cause a positive effect. We call these risks opportunities. What is Risk Threshold?

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Project Risk Coach

MARCH 28, 2023

As the project management landscape becomes increasingly complex, effectively identifying, assessing, and managing risks has become critical for project managers. The PMI-RMP certification covers various domains, each with its set of tasks and enablers that project managers can leverage to manage risks effectively. Domains (e.g.,

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PMI Risk Management Risk Underperforming Technical Team 221

Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? First, risk appetite is the degree of uncertainty. Let’s look at this definition closer.

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Risk Underperforming Technical Team Risk Management Defining 195

Project Risk Coach

JUNE 20, 2022

In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses. Risk Management Implications What happens when the project environment is not conducive to collaboration?

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Risk Management Risk Technical Review Underperforming Technical Team 195

Project Risk Coach

JANUARY 24, 2022

Poor risk management is costly. Program managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. But, it doesn't have to be that way.

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Underperforming Technical Team Risk Management Risk Technical Review 221

ProjectManager.com

OCTOBER 20, 2021

There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. It’s no wonder so much of project management is focused on risk! What is a Project Risk? Negative risk? Positive risk?

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Risk Management Risk Planning Monitoring 343

Kiron Bondale

OCTOBER 26, 2022

In my final article, I’d covered the delivery and outcome risks I’d identified and addressed and will provide an update on these as well as to share what I learned through the experience. The final delivery risk I identified about residents not meeting me when I visited their homes was partially realized.

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Risk Transportation Risk Management Leadership 316

Rebel’s Guide to PM

FEBRUARY 28, 2022

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

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Risk Management Risk Technical Review 2015 276

Project Risk Coach

JANUARY 14, 2019

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. Consider using this syntax: Cause -> Risk -> Impact. ” Risk Owner. Risk Score.

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Risk Risk Management Technical Review Information Technology 342

Project Risk Coach

DECEMBER 26, 2017

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. However, the risks are never discussed again. When to Identify Risks.

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Risk Software Review Risk Management Energy 306

Project Risk Coach

DECEMBER 31, 2019

I often hear people say, “Our company has too many meetings. The meetings last too long and they are woefully mismanaged.” And yet, meetings can be an indispensable tool for accomplishing work. Let’s look at 10 ways to improve project meetings and achieve greater results. 10 Project Meeting Boosters.

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Underperforming Technical Team Energy Innovation Monitoring 259

Project Risk Coach

JULY 22, 2019

When is risk exposure greatest in a project? Let's look at how to reduce risk exposure early in your projects. Why Risk Exposure Is Greatest in the Beginning So, why is your risk exposure greatest in the beginning? In the beginning, in the middle, or at the end of the project? It's actually highest in the beginning.

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Risk Risk Management Budget Initiating 268

Project Risk Coach

JUNE 19, 2017

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. How can project managers optimize their risk responses and get the results they are looking for? Risk Control Tools and Techniques.

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Controlling Risk Technical Review Performance Measurement 290

Project Risk Coach

DECEMBER 10, 2018

Well, let's talk about project risks and issues, the differences, and why it's so important to manage risks. What is Risk? The Project Management Body of Knowledge (PMBOK) defines risk as, “An uncertain event or condition that, if it occurs , has a positive or negative effect on one or more project objectives.”

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Risk Risk Management Energy Defining 265

Kiron Bondale

MARCH 3, 2019

A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them. But there’s only so much that they can do by themselves.

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Risk Management Change Management Risk PMI 273

Inloox

NOVEMBER 16, 2021

Introduction: The risk catalog The risk catalog - also called risk inventory - can serve as a basis for a risk analysis or the FMEA method. A risk catalog represents a structured compilation of potential project risk events. Nevertheless, the benefits of the risk catalog are also limited.

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Risk Management Risk Defining Initiating 175

Project Risk Coach

JANUARY 28, 2019

Have you ever endured a project meeting where you spent hours evaluating risks? Today, let’s discuss the use of qualitative risk analysis to get you back on track. Qualitative Risk Analysis. What is Risk Evaluation? Risk evaluation is the process to determine the significance of each risk.

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Risk Risk Management Budget Defining 170

Project Risk Coach

FEBRUARY 4, 2019

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

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Controlling Risk Technical Review Performance Measurement 199

Project Risk Coach

OCTOBER 8, 2019

Project management is "the application of knowledge, skills, tools, and techniques to project activities to meet the project objectives" (PMBOK—6th Edition). So, how does project risk management fit into the world of project management? Hand in Glove Relationship Project risk management fits in project management like a hand in glove.

Risk Management 268

Risk Management Risk Executing Process 268

Kiron Bondale

NOVEMBER 29, 2020

After I had finished presenting on how to build psychologically safe virtual teams at a conference earlier this week, one of the delegates asked me what suggestions I’d have to help her with a team where some of the members refused to turn their cameras on during video meetings.

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Construction Risk Risk Management 348

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

Project Risk Coach

NOVEMBER 20, 2017

Most of your project problems can be avoided or greatly reduced through risk management. The simple act of identifying and discussing risks goes a long way towards reducing problems in your project. Let’s look at how to start the risk management process. How will you identify risks? Who will own the project risks.

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Risk Management Risk Planning Monitoring 199

Rebel’s Guide to PM

SEPTEMBER 9, 2019

What is a kick off meeting? A kick off meeting is the first meeting you have as a project team. In reality, you might have an internal kick off meeting for just your in-house team resources, and then another one with the client, when you are ready to share project information with them (and if you have a client).

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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

Productivity Land

JULY 17, 2023

However, navigating uncertainties requires effective risk management. In this article, we will delve into the world of agile risk management, exploring strategies to identify, assess, and mitigate risks in projects. Understanding Agile Risks In the dynamic realm of agile projects, risks can manifest in various forms.

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Project Bliss

SEPTEMBER 29, 2021

It can be tough to make your virtual meetings more engaging. But doing so can ensure you’re getting the most value from the session, and creating an experience your remote meeting participants will enjoy. Meeting participants are by now accustomed to meeting online. How to Make Your Virtual Meetings More Engaging.

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Monitoring Risk Management Planning Risk 156

Project Risk Coach

AUGUST 20, 2018

Some project managers start their projects with a strong focus on risk management. In this article, I am providing questions that can help you in monitoring project risks and as a result, achieve better results. Other project managers start out strong and stick with their risk management. What risks should be closed?

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