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?

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?

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.

Risk management for agile projects

Kiron Bondale

What are the implications to project risk management when you choose to deliver a project using an agile approach? Here are a few similarities: Risk needs to be managed through the project’s lifetime, not just at the very beginning.

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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.

Project Risk Management: A Competitive Necessity

Arras People

Kicking off project management in the New Year, here’s Megan Cacioppo from Deltek with a post-Christmas present, Project Risk Management for Dummies, available for you to download. Are you on the forefront of effective risk management?

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How to Evaluate Risk Velocity

Project Risk Coach

Life is filled with risks. Some risks occur slowly. Let’s look at how to evaluate risk velocity and why it matters. What is Risk Velocity? Risk velocity is the time to impact. Think of velocity as an estimate of the time frame within which a risk may occur.

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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.

How successful is your sprint planning?

Kiron Bondale

Sprint planning is one of the standard events within the Scrum framework. Successful sprint planning lays the foundation for a successful sprint but this just completing the ceremony doesn’t mean it is delivering value. Sprint planning is that singular opportunity to get everyone’s buy-in on what will be accomplished in the upcoming sprint.

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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?

Risk responses which PMI never taught you!

Kiron Bondale

We’ve all learned the standard risk responses to threats (accept, avoid, mitigate or transfer) and opportunities (accept, exploit, enhance or share) from the Guide to the PMBOK, and Dr. David Hillson recently wrote about a ninth possible response of risk escalation.

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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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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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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.

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

Shuffle up and deal with qualitative risk analysis!

Kiron Bondale

user stories), planning poker can also be used to facilitate other types of decision making so why not use it for qualitative risk analysis? This forces them to do a second pass to prioritize the risks so that risk owner capacity can be focused on the valuable few.

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Small Batch Sizes are NOT Risk Management

Herding Cats

There is a popular fallacy in the Agile community that small batch sizes are Risk Management. What small batches do is provide information that informs risk management at a fast rate. Since all risk comes from Reducible (Epistemic) uncertainty and irreducible (Aleatory) uncertainty.

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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.

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.

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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.

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

Project Communication Plan Template [Free Download]

Girl's Guide to PM

It’s a project communication plan template, but it focuses on the summary milestones to hit during the project life cycle. Happy comms planning! Free Template: Project Risk Log Download a free project management risk log template.

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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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.

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 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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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 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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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.

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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Let’s add a few tools to your risk identification tool belt!

Kiron Bondale

Risk identification is our first step towards converting unknown-unknowns to known-unknowns. It is neither possible nor advisable to identify all risks which could impact your project’s objectives – like any other project planning process, too much is as bad as too little.

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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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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?

Risk Management: Known / Unknown Unknowns

Project Health Check

It would become so famous that it would become the title of his autobiography "Known and Unknown: A Memoir", and provides a superb basis to discuss our approach to Project Risk Management: ". Known Unknowns - For us this is our Risk Log. Cost Management Project Planning Risk Managemen

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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 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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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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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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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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