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The Practice Standard for Project Risk Management

Project Risk Coach

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the Project Risk Management Professional (PMI-RMP) exam ( until the updated PMI-RMP® exam comes into play April 2022 ). register.

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Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. One key tool to success is understanding how to use organizational process assets effectively. But what is an organizational process asset (OPA)? What are Organizational Process Assets?

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

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Change management helps when implementing risk responses

Kiron Bondale

A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them.

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9 Steps to Managing Risk for Your Projects

LiquidPlanner

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

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Why Practice Makes Perfect in Preparing for the PMI-RMP Exam

Project Risk Coach

"Practice makes perfect" is a timeless adage that holds true in various aspects of life, and it certainly applies to preparing for the PMI-RMP (Project Management Institute - Risk Management Professional) exam. As you practice, you become more adept at managing your time efficiently, balancing accuracy and pace.

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Pilot Study – How to Make It Work

ProjectManager.com

Projects are risky, and project managers seek to reduce that risk. There are many ways in which they can do this, from a risk assessment to researching historical data on like projects and thorough planning. How can a project manager test out the waters, so to speak, and see if the project is even feasible?