The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

Risk Management 88

Risk Management Risk Cadence 2016 88

MPUG

DECEMBER 12, 2022

The PMI-RMP® credential is an industry renowned certification, certifying that Risk Management Professionals have the necessary knowledge to apply project risk management knowledge, principles, tools, and techniques. This article will assist you in preparing for the PMI-RMP Exam. The PMI RMP Exam Blueprint.

PMI 64

PMI Underperforming Technical Team Risk Management 2022 64

Rebel’s Guide to PM

MAY 7, 2023

Outside of the world of PMI, I’m not sure that the term is widely used at all, but let’s put that aside for a moment and consider what they are and how to use them. They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive).

Process 422

Process Technical Review Software Review Influencer 422

Rebel’s Guide to PM

MARCH 18, 2021

You might also here artifacts referred to as templates, documents, outputs or deliverables, but in all cases they relate to the work of managing the project, not the thing you are creating as the output of the project. But what if you don’t use PMI methods? You create them when they are needed and refer to and update them as necessary.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

JULY 20, 2023

Mostly, the term refers to the project documentation you produce that defines and supports the work you are doing. A Guide to the Project Management Body of Knowledge (also known as the PMBOK® Guide -- 7th Edition) is core reading as prep for PMI exams. What is an artifact? An artifact is something you create. Documents are documents.

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

Rebel’s Guide to PM

OCTOBER 3, 2023

A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) Seventh Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. PMI defines a domain like this in the exam content outline: The high-level knowledge area that is essential to the practice of project management.

Technical Review 298

Technical Review Software Review PMI 2023 298

Rebel’s Guide to PM

APRIL 19, 2023

Do you need to earn PDUs to maintain your PMI certification? If you hold a PMP ® , PgMP ® , PfMP ® or PMI-PBA ® certification, you need to earn 60 PDUs every three years. If you hold a PMI-ACP ® , PMI-RMP ® , PMI-SP ® certification, you need to earn 30 PDUs in a three-year cycle. You’re in the right place!

2023 429

2023 PMI Certification Software Review 429

MPUG

APRIL 26, 2021

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Some were taken, but most ignored or overlooked because of other projects and lack of understanding of risk management at an organizational level.

Governance 122

Governance Government Risk Management Risk 122

Leading Answers

JANUARY 16, 2021

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

Risk 145

Risk Underperforming Technical Team 2006 2012 145

Project Pulse Journal

OCTOBER 7, 2023

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

Risk 52

Risk 2009 2023 2017 52

ProjectManager.com

DECEMBER 13, 2021

Here’s a screen shot of the whiteboard for your reference! For example, many project managers are accustomed to working within the PMI guidelines for best project management practices. Create project management documents such as a project budget, project schedule , resource management plan and a risk management plan.

Project Life Cycle 414

Project Life Cycle Prince2 Certification PMI 414

ProjectManager.com

AUGUST 22, 2023

Risk Management A project risk is an unexpected event, which can be positive or negative. Risk management is a process to identify, manage and resolve these risks, whether it’s to take advantage of a positive one or mitigate a negative one. The goal is team building, which leads to a more effective project team.

Certification 357

Certification Leadership Risk Management Budget 357

Rebel’s Guide to PM

FEBRUARY 20, 2022

PMI defines ethics like this: Ethics is about making the best possible decisions concerning people, resources and the environment. The PMI website says: Ethical choices diminish risk, advance positive results, increase trust, determine long term success and build reputations. What is Ethics in Project Management?

Underperforming Technical Team 424

Underperforming Technical Team PMI Risk Management Estimate 424

Techno-PM

MARCH 16, 2022

What is the PMI-ACP Certification? PMI-ACP Certification is a professional certification offered by PMI. The PMI-ACP Certification is a professional certification designed to help project managers with their day-to-day tasks. Who should apply for PMI-ACP® Certification? How Do You Obtain Your PMI-ACP Certification?

PMI 36

PMI Certification Software Review Technical Review 36

ProjectManager.com

NOVEMBER 27, 2019

It is a set of standard terminology and guidelines for project management published and updated by The Project Management Institute (PMI). This is anything from a sentence to a bulleted list that is comprehensive to reduce major project risks. Project Risk Management. Now you’ll need to plan risk responses.

Monitoring 502

Monitoring Risk Management Controlling Technical Review 502

The IIL Blog

MARCH 26, 2024

By Ruchi Gupta, PMP ® , PgMP ® , PMI-ACP ® , PMI-RMP ® , SAFe, DASSM, SIP, Jira CBAP ® The accelerating rise of Generative AI tools like ChatGPT, Gemini, Copilot, and others is rapidly reshaping the way project management operates. Suggest mitigation strategies for the top five high-impact risks.”

PMO 88

PMO Generative AI Technical Review Software Review 88

Rebel’s Guide to PM

OCTOBER 13, 2020

Do you need to earn PDUs to maintain your PMI certification? If you hold a PMP ® , PgMP ® , PfMP ® or PMI-PBA ® certification, you need to earn 60 PDUs every three years. If you hold a PMI-ACP ® , PMI-RMP ® , PMI-SP ® certification, you need to earn 30 PDUs in a three-year cycle. You’re in the right place!

2020 350

2020 PMI Certification Technical Review 350

Rebel’s Guide to PM

OCTOBER 4, 2021

This is all done in an environment of seven themes: business case, organization, quality, plans, risk, change and progress. The values put collaboration and business value at the heart of delivery, and you definitely need the people skills to do that, even though there’s less specific reference to them. See on Amazon.

Prince2 422

Prince2 Underperforming Technical Team Certification PMI 422

Epicflow Blog

APRIL 29, 2022

Project management goes hand in hand with uncertainty and risks. The present-day disruptions caused by the pandemic bits and pieces, military conflicts, and geopolitical tensions can only increase the number of risks that projects will be exposed to. . Risk Register: Definition and Purpose . How to Create a Risk Register?

Risk 52

Risk Technical Review Software Review 2008 52

Online PM Courses

NOVEMBER 4, 2018

The PMI Talent Triangle is a simple tool that reminds us all about the value of a broad range of professional skills. The most succinct – and possibly best known – articulation of that full range of capabilities is the PMI’s Project Management Talent Triangle. Just a Moment… Who or What is the PMI?

PMI 75

PMI Technical Review Certification Leadership 75

Rebel’s Guide to PM

SEPTEMBER 14, 2020

The term refers to how the project’s requirements or feature list grows over time without proper control. These are laid out in a research paper from PMI *. The change log is like a risk or issue log and in its simplest form is a document where changes and activities are written down. Is scope creep a risk? Larson, R. &

Underperforming Technical Team 457

Underperforming Technical Team 2009 Controlling Risk Management 457

Online PM Courses

JULY 8, 2018

The PMI is currently the most widely used source of professional project management accreditation. To win your coveted CAPM, PMP, or PMI-ACP, to will need to chalk up enough education Contact Hours. But the time you record must refer only to time that you spend on content related directly to Project Management. Instructor-led.

PMI 70

PMI Certification Technical Review Agile 70

Wrike

AUGUST 5, 2020

When it comes to risk management , a risk breakdown structure is a powerful tool in a project manager’s toolkit. According to the Project Management Institute (PMI), a project risk is defined as “an uncertain event that, if it occurred, has an effect on at least one project objective.” . Complexity and references.

Risk 41

Risk 2002 2003 PMI 41

MPUG

OCTOBER 31, 2022

The biggest risk in any project is not to act on the risks in a projec t. – From the Book, I Want to Be A PMI-RMP. Therefore, risk management is a dedicated area of expertise. In addition, the PMBOK Guide, 7 th edition, reference source for the PMI-RMP exam, now has a dedicated risk principle.

2022 59

2022 PMI Certification Risk Management 59

Management Yogi

JULY 14, 2022

As informed with multiple posts in this site, the Risk Management Professional Exam (RMP) exam has changed this year (2022). This is primarily due to the introduction of the new ECO, new standards and guides and other references. The change happened a couple of months before. noted in these posts, the NEW RMP exam.

2022 80

2022 PMI Risk Management Risk 80

Wrike

MAY 20, 2021

A lot of the reasons are procedural relating to scope definition , methodology, and communication, for example, but there is a common theme: an inadequate risk identification process. Poor risk management isn’t just an issue that impacts big businesses. What is risk management?

Risk Management 36

Risk Management Risk PMI Governance 36

International Institute for Learning

APRIL 5, 2021

Project Management Consultant, Coach & PMI Authorized Instructor. PfMP, PgMP, PMP, PMI-RMP, PMI-SP, PMI-PBA, PMI-ACP, OPM3, CDA. Define “Working Product or Service” can be used to refer to any deliverable that is produced by the project and brings value to the customer. By Mohamed Khalifa.

Agile 106

Agile Software Review 2001 PMI 106

MPUG

APRIL 2, 2024

What is a Project The Project Management Institutes (PMI) PMBOK defines a project is “a temporary endeavor undertaken to create a unique product, service or result.” The project manager will also need to manage assumptions and risks related to the project. The project manager will also want to identify project constraints.

Certification 52

Certification PMI Logistics Construction 52

MPUG

APRIL 3, 2022

The Project Management Institute (PMI) has gone through quite the metamorphosis over the past few years, positioning itself once again as one of the top authorities on how project management is practiced. I honestly believe PMI is heading in the right direction with this edition and I’m excited to see where it takes them in the next.

PMI 111

PMI 2021 Defining Engineering 111

ProjectManager.com

JANUARY 26, 2022

You’ll also want to bring up risks and other issues that might impact the engagement. Finally, you must create a communication plan and a risk management plan. Any lessons learned need to be documented and shared with the firm, so it’s accessible to future teams as reference. Risk Register Template.

Software Review 310

Software Review Certification Risk Management Monitoring 310

Rebel’s Guide to PM

JUNE 22, 2021

Did you know that 56% of your project budget might be at risk due to poor communications? Perhaps that number (from research by PMI ) surprises you, but I’m sure you aren’t surprised by the fact that good communication management on projects leads to higher success rates. who support it. THE COMMUNICATIONS MANAGEMENT PROCESS.

Communications Management 346

Communications Management Underperforming Technical Team Cadence Monitoring 346

Leading Answers

APRIL 14, 2023

Also, what are the expectations for communicating delays, risks and issues at the team level? A Definition of Broken (DoB) is a shorthand way of referring to tolerances and exception procedures. While PMI literature does reference risk tolerances and escalations, the PRINCE2 coverage is much broader.

Software Review 109

Software Review Prince2 Risk Management Risk 109

The IIL Blog

JULY 12, 2023

There are 12 project management principles that address the following concepts: Stewardship Team Stakeholders Value Systems Thinking Leadership Tailoring Quality Complexity Risk Adaptability and Resilience Change Each principle has a label and the principle statement. For example, the principle label for Value is “Focus on Value”.

2009 148

2009 PMI 2023 2018 148

The IIL Blog

JUNE 7, 2023

” Before continuing, it is important to note that project managers are typically what we refer to as “generalising specialists (with T-shaped, E-shaped, and comb-shaped skills)” making them open to a variety of opportunities based on their qualifications and preferences, both within and outside of their teams.

Logistics 88

Logistics Agile 2030 PMI 88

MPUG

APRIL 18, 2024

For a deeper dive into defining scope and getting stakeholders on-board, refer to the previous article – Scope Creep: How to Prevent a Major Source of Project Failure. We need to evaluate the costs, risks, and other implications of the change, and compare them to the marginal benefit of committing to the change.

Controlling 59

Controlling PMI Governance Government 59

The IIL Blog

FEBRUARY 21, 2024

Applied to a project, it is the project manager’s ability to cope with the adversity of the project, its uncertainties, risks and day-to-day problems. She is previously Presidente PMI France. Resilient project managers find new opportunities and prepare to give up when necessary.

Artificial Inteligence 88

Artificial Inteligence Risk Management PMI Initiating 88

Rebel’s Guide to PM

SEPTEMBER 17, 2020

I have spoken about this with many PMI members, my project team members, business owners and other project managers. This is especially helpful while running risk sessions, creating work breakdown structures, and brainstorming project schedules. Always explain it to others.

Energy 394

Energy Finance Prince2 PMI 394