How to Create a Project 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 develop a project risk management plan.

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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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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?

Build A PMO You Can Be Proud Of

Project Risk Coach

So, how can you build a PMO you can be proud of, one that thrives? No one intends to build an impotent PMO, but it happens. The PMO lacks power and effectiveness. Therefore, people see the PMO as a hindrance, not an enabler. PMO Sponsorship. How to Jump-Start a PMO.

PMO 315

Game theory in risk management

Musings on Project Management

Call in your PMO team and brainstorm? Perhaps game theory Risk ManagementIn any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. Theodore Roosevelt Actually, that's Teddy's version of cousin FDR's famous "Try something!" But what if it's all about a threat -- something external -- for which you have no experience?

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Key Responsibilities of the PMO

Brad Egeland

A project management office (PMO) is an organizational entity usually tasked to centralize and coordinate the management of projects within an organization. ​ A PMO oversees the management of projects, programs, or a combination of both.

PMO 151

Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

As has been already discussed the reality out there in ‘PMO land’ is that there is not a plethora of wise and experienced PMO managers, directors, leaders, heads, etc., The risk to not doing so is to, at the very least, slow the return on investment of the new PMO down.

The International PMO standard from AIPMO

Henny Portman

AIPMO is developing the first ‘leading’ international PMO standard based on a combination of research findings and expert knowledge. P3O or IPMA PMO certifications are not comparable to AIPMO’s core certifications in terms of approach, content and outcome. PMO Services and Capabilities.

PMO 70

PMO: The Gap Closers

Strategy Execution | PMO Perspectives

The PMO: Gap Closer. It’s the PMO. In a small organisation, it’s a central PMO that carries out key services in portfolio, programme and project support. The only entity that exists today that can support that is the PMO. Where the PMO Closes the Gap.

PMO 71

Is Your PMO a Healthy PMO?

MavenLink

So here you are, leading a successful project management office (PMO) and all is well with the world. As a starting point, why not just re-validate the current support for your PMO and also re-validate the business need? As is taking your PMO “pulse.”.

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Seven Aspects of Project Risk in 2020

Strategy Execution | PMO Perspectives

Ahead of its January meeting in Davos, the World Economic Forum published its Global Risks Report 2020, based on the input of 750 experts and outlining the biggest risks faced by economies over the next 10 years [1]. And if the WEF didn’t see a risk coming, then what hope do we have?

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The Need for an Innovative PMO

MPUG

Traditionally, the department managing the flow of projects, including innovation initiatives, is the Project or Portfolio Management Office (the PMO). According to the Project Management Institute, 71% of companies have a PMO, a steady rise over the past ten years.

Top Ten PMO Themes 2019

Strategy Execution | PMO Perspectives

Last week it was the fifth PMO Conference in London. With over 400 PMO practitioners from around the globe and over 20 sessions to choose from, there’s a lot to learn about where PMO is heading right now. Agile for the PMO. Digital PMO.

2019 59

PMO Leadership: How PMOs Can Evolve into Savvy PMOs

Planview

PMO leadership today is about more than being a purveyor of governance and delivering projects on time and on budget. The Savvy PMO fosters organizational agility, cultivates efficiencies, and drives growth strategies. Start with this quick-start post to becoming a Savvy PMO.

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5 More Advanced Training Options for the PMO

Strategy Execution | PMO Perspectives

Back in 2015, we took a look at the five advanced training options for people working in PMO. Four years on and a few things have changed in the PMO field. The AIPMO has introduced deeper learning for PMO practitioners – for practitioners at different stages of their career.

PMO 66

How To Secure Your PMO Profitability?

Project-Management.pm

It’s safe to say that Project Management Office ( PMO ) has numerous advantages and the results it impacts to the organization have been effective and helpful. Every existing organization around the globe are swearing by PMO. Over the years PMO profitability seems non-existent. Such occurrence causes the PMO to fall into a disorganized chaos that disrupts the flow of the project. PMO Profitability Problem #1: The PMO is a progeny of a defective executive structure.

PMO 78

AI Based PMO Dashboard with Cloud Project Management

Brad Egeland

A PMO dashboard contains the summary of all the projects being run by an organization. A PMO Dashboard is basically required in organizations which handle multiple projects. Why do we need a PMO Dashboard?

2020 131

How the Savvy PMO Does Demand Management

Planview

Have no fear, the Savvy PMO is here! Your team of experts can objectively assess all incoming work for alignment to strategy, risk mitigation, customer impact, overall improvement, financial benefit, capacity, and more.

PMO 91

Is Joining a PMO the Right Career Move for You?

LiquidPlanner

Project managers wonder where the PMO fits in their career as many project managers are rewarded with more projects and higher complexity and scope—not detours into process, methodology, and compliance. Is joining a PMO a good career move? Will I be stuck if I go into the PMO?

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How to Achieve Results Through Implementing PMO?

Project-Management.pm

Implementing PMO is the key to combat such issue. With this, PMO will take over various components of the agency such as strategy , quality of the products, and enhancement of resource management. PMO is crucial and a key instrument in for the success of any existing agency. Implementing PMO will boost all the agency’s structures and that includes the results that they will deliver. Implementing PMO Step#1: Evaluation . Implementing PMO Step#2: Planning.

PMO 69

3 Things Your PMO Is Doing Wrong — and How to Fix Them

Keyedin

An effective project management office (PMO) can be a powerful partner in driving positive business outcomes. When the pieces do not fall into place, however, a PMO can become a liability. What causes PMO failure? On the surface, a PMO and PPM seem to go hand-in-hand.

2020 85

Project Prioritization as a Savvy PMO

Planview

Regardless of whether you’re still learning how to prioritize projects or you’re a seasoned veteran, you can walk away from this blog knowing how to become a Savvy PMO. It may require a little experimenting to find the right method to match the needs of your PMO and organization.

PMO 78

Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Strategic Risk Management. This may surprise some project managers who may not see much evidence of strategic risk management percolating down to project level, other than perhaps a (not always enforced) requirement to produce a risk register for their project.

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How Do You Conduct Resource Planning as a Savvy PMO?

Planview

Today’s enterprises are increasingly looking to the PMO to boost the bottom line. The risk of poor capacity is the inability to resource projects. It’s people first for the Savvy PMO.

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How Do You Prioritize Your Work as a Savvy PMO?

Planview

First, let’s acknowledge that it’s not easy to establish an effective prioritization process when your PMO and teams are in high demand. This disconnect points to the struggle PMO directors face to identify and enact an effective prioritization process. How do you prioritize your work?

PMO 91

How to Establish a PMO In Five Ways?

Project-Management.pm

It’s sometimes hard for organizations to keep up with these, hence the need for establishing a PMO , a standard structure to help projects have a constant process and operation to help them achieve their objectives or the stakeholders ’ requests. Why is there a need for establishing a PMO ? One of the key advantages of establishing a PMO is it provides a standard structure using standard approaches while being paralleled to the organization’s system and objectives.

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5 Characteristics of A Successful PMO Leader

Planview

Maybe you’re part of a newly-minted project management office (PMO). Or perhaps you’re a tenured PMO leader and looking to refine your skills. This is a collection of tips to help you advance your skills, mitigate risk, and address challenges head-on to advance your newly created PMO.

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Encountering PMO Failures and How to Combat Them

Project-Management.pm

Large organizations have their own Project Management Office ( PMO ) that covers this area; organizing the best practices and methodologies of doing tasks and achieving them. These PMO practices and processes are sold to CIO for executive support in order to ensure that such practices are amended. This cause project teams to feel negatively towards PMO teams ; no one is that keen t be told what to by someone who is under-qualified to cover the project.

PMO 91

Risk Identification Workshops: An Overview

Project Health Check

Risk Management is one of the well established fundamentals of Project Management. Whatever system or tool you use, the basics of rating risks with some degree of severity and impact is well understood, and then doing something to stop it (because they usually are threats). But I have a challenge for you: look back over your last Project and consider - how many of the issues that occurred along the way were from impacted Risks that were identified on your Risk Log?

The 5 Most Important Business Benefits of a Successful PMO

Keyedin

The program management office (PMO) can demystify project management processes and ensure both a strategic and tactical approach that is holistic and gets the most value from your projects. As business partners, your PMO teams will need to exhibit strategically-impactful results.

PMO 101

How to Improve PMO Resource Planning

Keyedin

A step by step guide to prioritizing your people PMO resource planning is an ever growing concern for any project management office (PMO) leader. Project risks.

PMO 85

Risk management with $1Billion at stake

Musings on Project Management

Spacecraft projects are pretty tricky risk management regimes. The PMO is led by Rick Nybakken who has said this regarding risk responses to the orbit maneuver: " Risk ManagementConsider: "If anything goes wrong there's no way for anyone to intercede" That's the feeling in the Juno project office about the injection procedure of the Juno project spacecraft into Jupiter's orbit, as reported in this essay.

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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.

2016 209

Combining Waterfall and Agile in SAFe

Arras People

What should be shared across the two methodologies – the Agile focused PMO. First, we recognize that the existing PMO can provide governance across both the Waterfall and the Agile programs. PMO Agile Project Management Project Management Techniques agile Agile PMO

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Reacting to threat: Game theory for the PMO

Musings on Project Management

Call in your PMO team and brainstorm? Perhaps decision Risk ManagementIn any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. Theodore Roosevelt Actually, that's Teddy's version of cousin FDR's famous "Try something!" But what if it's all about a threat -- something external -- for which you have no experience?

2016 174

PMO Leaders: Creating Executive Conversations that Convert

Keyedin

Convert your executive sponsors and leaders to staunch supporters of your PMO. If your leadership team does not understand your PMO capacity and corresponding strategy, they may have a difficult time trusting you with their most crucial business goals. Not in the way leadership might characterize it, but because you’re not spending time developing your own PMs or PMO leaders to communicate well, in the right way, to executive stakeholders and sponsors.

5 Major Benefits of Adopting an Effective Project Portfolio Management and PMO Initiative

Keyedin

In this post we explore the five major types of benefits to be gained by adopting an effective Project Portfolio Management/PMO strategy. Minimizing the risks to individual projects in terms of business impact. 2 Minimize Risk.

PMO Leaders: Creating Executive Conversations that Convert

Keyedin

Convert your executive sponsors and leaders to staunch supporters of your PMO. If your leadership team does not understand your PMO capacity and corresponding strategy, they may have a difficult time trusting you with their most crucial business goals. Not in the way leadership might characterize it, but because you’re not spending time developing your own PMs or PMO leaders to communicate well, in the right way, to executive stakeholders and sponsors.

How Risk Management is Crucial to Project Management

Planview

It is impossible to talk about project management without talking about risk. Risk management is an underutilized but necessary part of effective project management. Avoidance – changing plans to completely avoid the risk. Do so at your own (ahem) risk.

How One Global PMO Team Member Solved the Spreadsheet Challenge

Planview

As a global PMO team member for the world’s leading aviation trade organization, his work days are often extremely stressful. Having finally had enough of the spreadsheet chaos within his PMO and the larger organization, Giorgos decided to make a change. Lean and Agile PMO

PMO 78