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Why Mixing Caution with Courage in Tech Pays Off Big Time

Productivity Land

In the tech industry you’ve got to know when to go all in with innovation and when to hold back due to risk. That’s where the genius of strategic alignment in technology portfolios comes into the picture. When the bet’s as high as it is in tech, knowing how to balance your cards can make all the difference.

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How To Help Your Team Manage Project Risk

Rebel’s Guide to PM

Normally we’d think of that in terms of the technical skills they need to deliver the project, like taking a course in a programming language or brushing up their system maintenance skills. Risk management is a great example. Identify project risks. First, identify the project risks. Log the project risks on a risk log.

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7 Tips for Preventing Cost Overrun on Projects

ProjectManager.com

Cost overrun is not cost escalation; that term is used to describe an anticipated increase in a budgeted cost, say due to inflation. It’s an unexpected cost, due to an underestimation during the budgeting process or another reason. Political-economic – This is due to strategic misrepresentation of scope and budget.

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IT Risk Management Strategies and Best Practices

ProjectManager.com

Information technology (IT) is no longer a tucked away department with little impact on day-to-day affairs. It’s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video.

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How to Build and Use a Risk Register

Project Risk Coach

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. Consider using this syntax: Cause -> Risk -> Impact. ” Risk Owner. Risk Score.

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10 Project Meetings to Guide Your Project Management Team

ProjectManager.com

ProjectManager is online project management software that generates reports with live data. The project kickoff meeting begins with introductions, reviewing the client’s background and talking about the scope of the project. Project Review Meeting. These issues can be environmental, technical, etc.

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How to Write a Business Requirements Document (BRD)

ProjectManager.com

Plus, we’ll give you tips on how to write a better one before showing how project management software can make the process even more efficient. It includes both the business solution and the technical solution to the project. What Is a Business Requirements Document? Business Requirements vs. Functional Requirements.