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Risk Identification Techniques and How to Brainstorm Well

MPUG

Risk Identification Techniques At the start of every project, you as a project manager (PM) have a lot of important things to do, and you don’t want to forget any of them. The risk management process is core to our practice of Project Management. Some will, rightly, want to minimize all scope for risk.

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Making the Difference: Problem Solving vs Decision Making

Rebel’s Guide to PM

While they may appear similar at first glance, there are key differences in how each process should be approached – understanding these differences will help you make more informed decisions! Let’s explore both processes as well as their similarities and differences. Ready to get into it? What is problem solving?

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How to Use NGT for Risk Identification

Project Risk Coach

I conduct online surveys to get feedback from project managers on risk management topics. Here’s one of the questions, “What risk management techniques would you like to know more about?” ” Survey participants often respond with: Nominal Group Technique (NGT). What is the Nominal Group Technique?

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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. Well, here are answers to common questions.

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Identify and Respond to Black Swans

MPUG

Projects and Risk A significant role of the project manager is to identify and manage the risks associated with project objectives. When creating an overview of risk management, we list and describe the processes we will go through to understand and respond to potential risks. What is a Black Swan in Risk Context?

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Using SWOT Analysis for Risk Identification and Risk Management

nTask

Gary David Cohn once said, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”. Project manager or not – professionals on all levels have to interact with researching, identifying, and resolving risks. The same goes for techniques and frameworks.

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Understanding What is Quantitative Risk Analysis

Project Pulse Journal

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.

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