Overcoming Annual Planning with Adaptability

Arras People

At its heart, this issue involves innovating to overcome cumbersome project lifecycles so annual planning will no longer have a death grip on the business. No doubt, figuring out how to extend the PPM for strategic “adaptable” planning is where the rubber hits the road.

How to Actually Define Risk Categories

Project Risk Coach

He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories?

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4 Tips for an Effective Project Management Plan

Wrike

However, they’ll most likely reach successful outcomes with a thoughtful project management plan. What is a project management plan? Here are four steps to creating better plans for any project: 1. Put the Project Management Plan on Paper.

Planning before Scheduling

Herding Cats

Planning is an unnatural process, it’s much more fun to get on with it. The real benefit of not planning is that failure comes as a complete surprise and is not preceded by months of worry. ‒ The mechanics of the Integrated Master Plan and Integrated Master Schedule looks like this.

Project Management Basics: 6 Steps to a Foolproof Project Plan

Wrike

When it comes to planning your very first project , you may not know exactly where to begin. Follow these six steps to create a foolproof project plan and lead your team with confidence. Next, estimate due dates for each deliverable in your project plan.

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. These risks can be mitigated with a good risk management process. Risk management structure.

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Progressive elaboration is the only sane approach to planning!

Kiron Bondale

Imagine that you are planning a multi-day road trip across the country to a town which you’ve never visited before. What are the odds that you will plan your trip down to the hour? The allure of detailed plans is compelling because they reinforce the illusion of certainty.

How to Identify and Manage Secondary Risks

Project Risk Coach

A response to risk can create other risks. These secondary risks may be more significant than the primary risks if we are not careful. What is a secondary risk? A secondary risk is a risk that is created by a response to another risk.

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Evaluating Project Schedules Utilizing Quantitative Risk Analysis

Project Risk Coach

Often times, risks occur and project managers lack adequate schedule reserves. The team also identified 30 risks in the qualitative risk analysis. Of the 30 risks, the team identified six risks that had the greatest potential for affecting the schedule. Risk B.

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Playing Whack-A-Mole With Risk

Tyner Blain

Every strategy, every product idea, every design approach, and every planned implementation is built upon a pile of assumptions. My assertion in that workshop was that assumptions and hypotheses, practically speaking, are risks. The risk is that those beliefs are wrong.

What is Risk Management?

Herding Cats

Risk management is about making informed decisions by consciously assessing what can go wrong, as well as the likelihood and severity of the impact when that possibility comes true. The heart of Risk Management is making informed decisions in the presence of the uncertainties that create risk.

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How to Develop a Quality Management Plan

Project Risk Coach

Let’s look at the project risks when there is no quality management plan. The Quality Management Plan. Before we discuss the quality management plan, let’s get our arms around the concept of quality. What is a Quality Management Plan?

How to Right-Size Your Risk Management Plan

Project Risk Coach

One reason a project manager may have a bad reputation is bloated project plans. While I’m a fan of planning, let’s use some common sense and right-size our risk management plans. Plans should vary in size, dependent on the size and scope of your projects.

How to Right-Size Your Risk Management Plan

Project Risk Coach

One reason a project manager may have a bad reputation is bloated project plans. While I’m a fan of planning, let’s use some common sense and right-size our risk management plans. Plans should vary in size, dependent on the size and scope of your projects.

BEST TASK PLANNING SOFTWARE

TimeCamp

There are certain measures to be taken if a business is to be thriving and the risk of its failure mitigated. Project Management azendoo best task planning software drinkle spiraplan task planning task planning software time tracking TimeCamp timecamp task planning trello

Estimating the Risk

Herding Cats

Risk is everywhere on projects. This risk comes from two types of uncertainty. The idea of risk and its management and handling is a critical success factor for all software development. One of the most rigorous theorems of economics [1] proves that the existing means of production yields greater economic performance only through greater uncertainty that is, through greater risk. Without these estimates, there is no risk management. Capabilities Based Planning.

Risk Management is How Adults Manage Projects

Herding Cats

These uncertainties create the risk to the success of all projects. Without managing in the presence of risk, the probability of project success is significantly reduced, most likely reduced to zero. Management in the presence of risk has the following steps: [1].

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The 10 Risk Management Commandments You’re Breaking Every Day

Project Risk Coach

Risk management is such an effective vehicle for climbing the tallest mountain or swimming the deepest sea. However, the risk management pitfalls are many, rendering us completely ineffective in our attempt to fulfill our dreams. Thou shalt not make risk management complicated.

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What determines when project planning is just right?

Kiron Bondale

I’d written previously about some similarities between baking and project management , but a key difference between the two is that even a novice baker can procure the right ingredients, follow a plan step-by-step and still manage to achieve a reasonably tasty outcome.

Match Game: Project Risk Management

Project Risk Coach

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. Matching Game: Project Risk Management. Risk. Secondary risk.

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The Naive Notion that Agile Mitigates Risk

Herding Cats

The post Top 5 Ways Agile Mitigates Risk is one of those posts that's not wrong in what it says at the detail level - more or less, but is not right in principle. Agile Mitigates Risk - is not correct. Agile provides rapid identification of risk. What is risk management?

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Are You Making These Mistakes When Responding to Risks

Project Risk Coach

Some project managers make timely responses to risks, resulting in positive progress toward their project goals; others act haphazardly, resulting in undesirable consequences. Chuck Swindoll told a funny story that illustrates the dangers of costly mistakes when responding to risks.

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12 Questions for Gaining Control of Your Risks

Project Risk Coach

Are you a project manager who focuses on gaining control of your project risks? Some project managers start their projects with a strong focus on risk management. When problems occur, they turn to their risk response plan. Remember the definition for controlling risks?

Have You Left Anything Out of Your Project Plan?

Project Risk Coach

The Project Plan Checklist Have you left anything out of your project plan? Check out this project plan checklist to help you identify the baselines and plans that will be most helpful to each of your projects. I like to keep my project plans as simple as possible.

7 Things You Ought to Know About Identifying Risks

Project Risk Coach

Increase Your Risk Management IQ Every project manager deals with risks. Allow me to share seven things you ought to know about identifying risks. How do we manage risks and the causal factors? Risk management begins with the practice of identifying risks.

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Project Planning- A complete tutorial

Binfire

Meticulous project planning is something that anybody who wants to succeed in managing projects should strive for, but few really achieve it. If you make a list and in it you write 10 items that you plan to do in a day or a week, it is a good start but it is not good planning yet.

How to Plan Your Risk Management From Start to Finish

Project Risk Coach

Planning is a powerful Quadrant II activity that can save you time and energy. Let’s talk about how to plan your risk management from start to finish. Some people think of risk management plans in the wrong way. risk register). What are your risk thresholds?

Get Ahead of Your Risks

Project Risk Coach

How to use key risk indicators Which would you prefer? To respond to risks after they occur or to see the risks early and take steps to prevent or reduce your risks? Project managers can get ahead of their risks by thinking differently. How to See Through Risks.

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How To Better Your Qualitative Risk Analysis

Project Risk Coach

Last week, we looked at why we evaluate risks — it saves time and money by allowing us to focus on the risks that matter most. Before we look at HOW to improve your qualitative risk analysis, allow me to share one more quick example of WHY it’s important.

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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. Susan, on the other hand, facilitated an early risk identification workshop.

Getting Results – The Bottom Line of Risk Management

Project Risk Coach

Some portfolio, program, and project managers make a big fuss over risk management. The presentation included what we were doing for enterprise risk management. They have a risk management plan. They regularly identify, analyze, and respond to risks. Identify risks.

What Everybody Should Know About Controlling Risks

Project Risk Coach

Many project managers do a great job of identifying risks. Some even evaluate risks and develop response plans. However, project managers get busy as their projects progress and fail to control risks, resulting abandoned or wrecked projects. Tracking Identified Risks.

Las Vegas Shooting, Risks, Planning and is There Anything We Can Do

Brad Egeland

We take risks when we go to something like this. What do we do about the risk - what should we do? Well, we should plan with whoever we are with how we will respond if things go south. Risk on projects is the same way, though with a much smaller true price than human life in an event like this. But planning for risk, risk avoidance, and risk mitigation. Don't take on the risk. And we will plan.

How to Unite Enterprise and Project Risk Management

Project Risk Coach

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?

Integrated Master Plan - Revisited

Herding Cats

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. What About the Plan to Manage in the Presence of Uncertainty . Plans are Strategies. IT Risk Management.

Planning is King

Herding Cats

There has been lots of buzz in the project management space lately about the benefits of planning. Planning is one of the Five Immutable Principles of project success. Planning tells us, in units of measure meaningful to the decision makers, what Done looks like. No Plan?

12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. Improving Risk Management.

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How to Be a Powerful Risk Management Evangelist

Project Risk Coach

Mark Langley, President and CEO of the Project Management Institute (PMI), penned a great article entitled Using Project Management to Reduce Risk. Indeed, “high-performing companies manage risk in conjunction with projects and programs far more often than low performers do.”

20 Things For Your Project Management Plan [With 3 Free Templates]

Girl's Guide to PM

Your project management plan is more than just a schedule of work. Although I am guilty of using ‘plan’ and ‘Gantt chart’ interchangeably. So what does go in the project management plan? Below you’ll find 20 things that make up a comprehensive project management plan.

How to Look Backward and Forward at Your Risks

Project Risk Coach

Project managers may fail to achieve their project objectives because they don’t know how to take a look backward and forward at their risks. Project managers can use risk audits to look backward and risk reviews to look forward. Who Performs the Risk Audits?

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