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Do We Need Risk Management in Agile Projects?

MPUG

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? Let’s expand that simple answer. Of course not.

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Understanding Stakeholders’ Approach to Risk

MPUG

Thinking About Risk… Do you thrive in uncertainty? Projects can reflect very different attitudes toward risk management. By gauging the risk appetite of stakeholders, a Project Manager can understand the relative importance of achieving or missing specific project or work stream objectives.

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Business Leadership for IT Projects

Rebel’s Guide to PM

For example, in a book about IT projects one of the first assertions that he makes is that you simplify everything if you don’t do IT projects. “[M]inimize M]inimize the degree of IT change, and hence the risk, if you ask the team to generate zero or low-cost options, focusing on project redesign,” he writes.

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What You Need to Know About How to Execute a Project 

Planview

You’ve initiated your project, created an in-depth plan, and secured stakeholder buy-in. Except that, as every PMO knows, project execution is the most challenging stage of the project life cycle, and it’s only gotten more difficult in a world of hybrid and remote work. What Is Project Execution?

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Business Leadership for IT Projects [Book Review]

Rebel’s Guide to PM

For example, in a book about IT projects one of the first assertions that he makes is that you simplify everything if you don’t do IT projects. “[M]inimise M]inimise the degree of IT change, and hence the risk, if you ask the team to generate zero or low-cost options, focusing on project redesign,” he writes.

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A Complete Guide to eCommerce Project Management

Proofhub

Risk Assessment and Mitigation At the heart of risk assessment lies the task of digging deep to uncover potential pitfalls. Once you’ve identified and prioritized risks, it’s essential to line up the resources, be it manpower, tech solutions, or funds. Instead of viewing risks purely as threats, turn them on their head.

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What is Project Management

MPUG

The PMI also notes that a project is typically different from ongoing operations or business as usual and that it requires the coordination of various resources and activities in order to achieve its objectives. From start to finish, a project usually goes through 5 phases, called the Project Life Cycle.