article thumbnail

6 Tools and Techniques for Controlling Risks

Project Risk Coach

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.

article thumbnail

6 Tools and Techniques for Controlling Risks

Project Risk Coach

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 5 Phases of Project Management Process and Techniques

NimbleWork

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. The Five Project Management Processes: 1. Initiating: This process involves defining the project and obtaining authorization to begin work.

Process 52
article thumbnail

Project Performance Reporting: Key Performance Reports

ProjectManager.com

Learn more How to Measure Project Performance When measuring project performance, you’re actually tracking specific project metrics. There are many project metrics that you can monitor to measure your project performance The most common project performance metrics are cost, time, scope, quality, risk and resources.

article thumbnail

What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

article thumbnail

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. This category relates to the various project management logs and registers we have as part of the daily management of the process. Logs and registers. You can grab the set I use here.

Logistics 509
article thumbnail

Phrases Used for Technical Performance Measures

Herding Cats

Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. No matter the domain, the engineering development process, these concepts are applicable. This bounding of the cost estimate may be attempted through sensitivity analyses or through a formal quantitative risk analysis.