The Risk Management Plan

Project Risk Coach

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. The highest risks?

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Putting risk register and project plan together

Musings on Project Management

David Hulett has a presentation on his website, projectrisk.com, entitled "Schedule Risk Analysis using the Risk Driver Method and Monte Carlo Simulation". In this presentation, he develops an interesting operating idea: first, shift the Monte Carlo method to the higher level of events on the risk register, and then use those results as drivers on the schedule. His idea he explains this way: Risk Management

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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?

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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.

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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.

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Evaluating Risks Using Quantitative Risk Analysis

Project Risk Coach

Project managers should be prepared to perform different types of risk analysis. For many projects, the quicker qualitative risk analysis is all you need. But there are occasions when you will benefit from a quantitative risk analysis.

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8 Ways to Treat Risks

Project Risk Coach

Respond to your most significant risks now! We treat risks personally and professionally every day. Our job is to treat risks to enhance opportunities and reduce threats. We can optimize our risk responses over time. The post 8 Ways to Treat Risks appeared first on.

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Are You Making These Risk Response Mistakes?

Project Risk Coach

Some project managers make timely responses to risks, resulting in positive progress toward their project goals. Let's look at some common risk response mistakes and how to overcome them. So, what do I mean by risk response mistake? Individual small risks seem powerless.

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7 Ways to Identify Risks

Project Risk Coach

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. When to Identify Risks.

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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?

How to Conduct a Risk Audit and a Risk Review

Project Risk Coach

In this article, we will look at how to conduct a risk audit to evaluate the effectiveness of your risk management. Additionally, we'll also talk about how to be more forward thinking through risk reviews. How to Conduct a Risk Audit. Who Performs the Risk Audits?

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It’s Easy to Miss Project Risks

Project Risk Coach

It's easy to miss project risks. And, until a project manager has identified the threats and opportunities, the risks cannot be managed properly. Projects rise and fall with the project manager's ability to properly identify and manage their most significant risks.

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How to Use NGT for Risk Identification

Project Risk Coach

I conduct online surveys to get feedback from project managers on risk management topics. Here’s one of the questions, “What risk management techniques would you like to know more about?” Risks are collected from a project team.

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How to Plan a Webinar

ProjectManager.com

Jennifer Bridges, PMP, shows you everything you need to know to plan a webinar. In Review – How to Plan a Webinar. As when planning any project , Jennifer noted that the first step is to go through the who, what, when, where, why and how of the webinar. Have a Backup Plan.

How to Identify Scope Risks

Project Risk Coach

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks?

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How to Identify Scope Risks

Project Risk Coach

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks?

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30 Quick Risk Evaluation Tips

Project Risk Coach

” In this article, I share 30 risk evaluation tips to help you tap into your genius. One of the top reasons for evaluating risks is to determine which risks are most significant. Always perform the qualitative risk assessment. time-to-impact) of your risks?

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7 Things You Should Not Do When Identifying Project Risks

Project Risk Coach

Known and unknown, internal and external, upside and downside—risks are woven into the fabric of every project. Project managers can waste a lot of time due to poor risk management. In today’s article, let’s look at seven things not to do when identifying project risks.

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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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The PMBOK® Guide 6th Edition: How to Escalate Risks

Project Risk Coach

Discover how to ensure risk ownership at the right level of your organization The Project Management Institute added a new risk strategy in the Sixth Edition of the Project Management Body of Knowledge. Escalate the risk. 2=Planning 4=Control Project Risk Management

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25 of the Best Planning Quotes

ProjectManager.com

It seems that people have been writing about planning for as long as people have been writing. No enterprise, whether it’s assembling the space shuttle or getting dinner on the table, is done well without a plan. He’s referring to the necessity of including risk in any thorough plan. “By

12 Questions for Monitoring Project Risks

Project Risk Coach

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. When problems occur, they turn to their risk response plan.

Project Risk Management: Do You Have the Facts?

Project Risk Coach

So, where do facts come into play in risk management? When identifying risks, I write risk statements using this handy-dandy risk syntax : Cause —> Risk —> Impact. 2=Planning Project Risk ManagementAre your projects rooted in facts or hearsay?

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How Poor Risk Management Is Hurting You

Project Risk Coach

Poor risk management is costly. Project 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. Let's look at the cost of poor risk management through the life of Tom Whitley.

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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?

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What Project Managers Should Know About Monitoring Project 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 monitor their risks, resulting in challenged or failed projects. Unexpected risks.

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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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.

Risk Response Lessons from the Beach

Project Risk Coach

Learn threat response strategies Project managers may make risk decisions without much thought. You simply know how to respond to the most common risks. With each of these activities, I do things to manage risks and frankly, I rarely think about it (because I’ve done it for so long).

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The 10 Risk Management Commandments You’re Breaking Every Day

Project Risk Coach

I fear that many project managers live by the letter of the law and may fail to gain the true benefits of risk management. These individuals are too concerned with checking boxes and making the risk management processes overly complex. Thou shalt not make risk management complicated.

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How to Communicate Risks

Project Risk Coach

How do you communicate risks? Some project managers rarely mention risks; others bore people to tears with too much information. And one of the most important things to communicate is your risks. How can we communicate risks more effectively? Communicating Risks.

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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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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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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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Why Risk Avoidance Should Be 1 of Your 8 Risk Responses

Project Risk Coach

Earlier I wrote about eights ways to treat risks. One of the risk responses is avoidance. The focus of this strategy is to ensure the risk does not occur by eliminating the cause of the risk. ” Lessons Learned About Risk Avoidance. What Risks Should You Avoid?

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How to Reduce Risk Evaluation Bias

Project Risk Coach

Let’s look at different types of biases and ways to reduce bias in the risk evaluations. PMI’s Practice Standard for Project Risk Management explains motivational bias is “where someone is trying to bias the result in one direction or another.” How to Reduce Bias When Evaluating Risks.

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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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How to Improve Results With Better Risk Statements

Project Risk Coach

Vague risk statements lead to poor risk response planning. When organizations or project teams fail to respond to significant risks (i.e., Risk management starts with identifying risks and writing clear risk statements. Test Your Risk Statements.

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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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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?

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 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?

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Project Start-Up: The Plan for a Plan

Project Health Check

Du ring the Project Start-up and planning phase, projects will execute detailed planning processes to produce a Performance Measurement Baseline of Cost/Schedule/Scope and an associated Project Management Plan. Project Planning