Change your Project Risk Management Strategy

PM by PM

What is your Project Risk Management Strategy? Is there any other Project Risk Management Strategy?” The post Change your Project Risk Management Strategy appeared first on PM-by-PM. Humor Risk Management definitions risk management strategies

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4 Project Risk Response Strategies for Opportunities

PM by PM

Do you use Project Risk Response Strategies to avail Opportunities? Most of us never think about Project Risk Response Strategies for Opportunities. The post 4 Project Risk Response Strategies for Opportunities appeared first on PM-by-PM.

2015 35

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Playing Whack-A-Mole With Risk

Tyner Blain

When it comes to developing a product strategy – or even making decisions about how best to create a product, one of these assumptions is likely to be what causes us to fail. Essentially, product strategy and product ideation. The risk is that those beliefs are wrong.

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A Strategy for Engaging and Dealing With Difficult People

Girl's Guide to PM

In fact the best solution is to put a strategy in place before you are even faced with the problem, so that you will be better prepared and get a more successful outcome should you be faced with the dilemma. Whatever approach you opt for, you are always going to be taking a risk.

What is Risk Management?

Herding Cats

Risk management is about making informed decisions by consciously assessing what can go wrong, as well as the likelihood and severity of the impact when that possibility comes true. The heart of Risk Management is making informed decisions in the presence of the uncertainties that create risk.

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How to connect business strategy with project management

Moira Alexander

Think of the strategy and PM connection in construction terms, where the step of pouring footings and foundations needs to adequately support all other work that follows and ultimately the final structure -- in this analogy the final structure are the end goals. Suresh Srinivasan, CTO at NYU Langone Medical Center , tells CIO, within the NYU IT department there are two key components that link the business strategy and project management.

Get Ahead of Your Risks

Project Risk Coach

How to use key risk indicators Which would you prefer? To respond to risks after they occur or to see the risks early and take steps to prevent or reduce your risks? Project managers can get ahead of their risks by thinking differently. How to See Through Risks.

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6 proven strategies for evaluating and prioritizing IT projects

Moira Alexander

What are the risks of initiating projects in this manner? Businesses run the risk of more than one area competing for the same project resources, including people and technologies, and also conflicting deadlines and goals. They may even risk some project outcomes negatively impacting other areas of the business. The good news is, there are some proven strategies for evaluating and prioritizing projects.

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How to Unite Enterprise and Project Risk Management

Project Risk Coach

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management?

Getting Results – The Bottom Line of Risk Management

Project Risk Coach

Some portfolio, program, and project managers make a big fuss over risk management. Each year, our senior management team would meet with a credit rating agency to share our goals, strategies, and progress. The presentation included what we were doing for enterprise risk management.

Seven Ways to Respond to Your Greatest Risks

Project Risk Coach

You and I encounter risks every day. Sometimes we actively respond; other times we passively accept the risk. Consider the following personal risks and responses: You feel a headache coming on. Seven Ways to Respond to Your Greatest Risks.

Business Dysfunction, Malfunction and Strategy

Herding Cats

The root cause of this dysfunction is the lack of line of sight traceability for Why the firm is in business to how the firm fulfills the strategy needed to deliver on that WHY. Here's one way that has been shown over the years to connect the dots between Why and How and critically importantly, how the projectize the work efforts needed to implement the strategy. IT Risk Management. Balanced Scorecard StrategyMike Cottmeyer posted.

Risk Response Lessons from the Beach

Project Risk Coach

Learn threat response strategies Project managers may make risk decisions without much thought. You simply know how to respond to the most common risks. Threat Response Strategies. Accept risks. That is to say, I accept the risks. Avoid risks.

7 Ways to Identify Risks

Project Risk Coach

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. When to Identify Risks.

Six Essential Requirements of an Influencing Strategy

Project Risk Coach

After a simple analysis exercise (considering relationship and agreement) it then comes down to developing an influencing strategy. If people are against you, make sure you’ve got something in your strategy to at least remove the risk they pose to your influencing goal.

How to Analyze Business Strategy to Improve Your Projects

Brad Egeland

Connecting projects to organizational strategy can improve projects in several areas including preparation of business cases, request management, planning and resource allocation, risk management, budget control, and collaboration. Delivering successful projects enables organizations to reach their strategic objectives quickly with enhanced long-term commercial results.

Project Risk Management: A Competitive Necessity

Arras People

Kicking off project management in the New Year, here’s Megan Cacioppo from Deltek with a post-Christmas present, Project Risk Management for Dummies, available for you to download. Are you on the forefront of effective risk management?

How to Respond to Your Risks From Different Angles

Project Risk Coach

Are you guilty of trying to control risks after they are full grown? In the world of business risks, the best time to attack risk is when it’s germinating. In general, you can save time, effort, and money by attacking significant risks early.

Risk responses which PMI never taught you!

Kiron Bondale

We’ve all learned the standard risk responses to threats (accept, avoid, mitigate or transfer) and opportunities (accept, exploit, enhance or share) from the Guide to the PMBOK, and Dr. David Hillson recently wrote about a ninth possible response of risk escalation.

How to Talk About Estimates

Herding Cats

The best starting point for determining the NEEDED precision and accuracy is to determine the Value at Risk. . IT Risk Management. What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something.

Definition of Done

Herding Cats

The Technical Performance Measures assess design progress, define compliance to performance requirements, identify risk, are limited to the critical thresholds, and include projects performance. Risk Management is How Adults Manage Projects.

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Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Risk Management includes all the processes involved in risk identification, regulation, and mitigation on a project. The objective is to increase the likelihood of positive risks (opportunities) and decrease the likelihood of negative risks (threats). Control Risk.

Agile Through a Matrix Lens

Tyner Blain

While there are some teams which consciously choose agile because of the planning benefits or perceived risks to quality , I believe that most waterfall teams are still waterfall either because they haven’t chosen to revisit their process choices, or they tried and failed.

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Increasing the Probability of Project Success

Herding Cats

Hope is not a Strategy. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance MeasuresIncreasing the Probability of Project Success Simple in Theory, Complex in Practice.

Strategic weakness

Musings on Project Management

And when your strategy depends on someone else doing something that's pretty weak strategy Jeff Roe. Risk Management StrategyPolitcal strategist Well, yes, but no. Certainly, self-sufficiency is the better game plan, but who gets to play in that green field? Certainly not PMs which are at the behest of sponsors, customers, and other business interests. If they don't behave and get on the same page with the.

Cargo Cult Requirements

Tyner Blain

Building solutions for users in markets that aren’t aligned with their company’s strategy. Uncategorized astute business analyst good requirements Product Management product owner Requirements strategy use cases user persona user stories

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Project Management Basics: 6 Steps to a Foolproof Project Plan

Wrike

Step 5: Identify Issues and Complete a Risk Assessment. No project is risk-free, and you won’t do yourself any favors by crossing your fingers and hoping for the best. Consider the steps you could take to either prevent certain risks from happening, or limit their negative impact.

How to Connect Emerging Risks, Strategies, and Project Management [Snippet]

Project Risk Coach

How to Connect Emerging Risks, Strategies, and Project Management. Is your organization identifying and managing emerging risks? How have researchers and farmers responded to this risk? Poor recognition of emerging risks.

4 Tips for an Effective Project Management Plan

Wrike

When leaders carefully plot the course ahead, using the right strategies, input, and tools, they position their teams to work efficiently and get things done. Include any difficulties the team may encounter and risks involved in the project.

Little Book of Bad Excuses

Herding Cats

Long ago there were a set of small books from the Software Program Managers Network and Norm Brown's work on Industrial Strength Management Strategies , which was absorbed by an organization which is no longer around. Let's start with formal risk management.

How to Get Fired at the C-Level

The Lazy Project Manager

I am delighted to announce the release of my new book – How to Get Fired at the C-Level: Why Mismanaging Change is the Biggest Risk of All. speaker PMI pmp project project manager project speaker strategy

Add to the C-Level

The Lazy Project Manager

Well it starts with strategy formulation which is no longer the annual exercise it used to be – nowadays it is an ongoing iterative activity. And since each strategy gives birth to one or more projects this adds to the portfolio constantly.

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Managing Your First Strategic Initiative

Arras People

In addition, there are also governance functions—risk management, legal, etc.—that Project Management barvas strategic strategy

How to Unite Enterprise and Project Risk Management

Project Risk Coach

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management?

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

These capabilities are connected to the business strategy. They implement that strategy. The order of the needed Capabilties in defined in the business strategy. . Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister.

Fallacy of the Day

Herding Cats

2] " Aligning IT to Organizational Strategy ," . [3] IT Risk Management. NoEstimates Agile Architecture Business Capabilities Debunking Decision Making Fallacy of the Day Logical Fallacy Root Cause Analysis Strategy Systems TheoryRequirements, as traditionally used, are a separation tool. To separate the "thinkers" from the "doers". In software this is a HUGE mistake! This conjecture is a fallacy.

Quote of the Day

Herding Cats

To make decisions on how the handle the risk created by this uncertainty, we need to estimate both the drives of this risk and the consequences of the risk. . Risk Management is How Adults Manage Projects - Tim Lister. IT Risk Management.

The risky side of project management

Moira Alexander

Risks are dependant on a multitude of things and serve as triggers. These dependencies help to identify and measure the impact of the risks; here are just a few of these dependencies. Should all risks be avoided? Not all risks can or should be completely avoided.

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Whole Product Game

Tyner Blain

” This choice would free up some resources to work on other more important (at the portfolio level) products, and mitigate the risk that “starving” this product would have a negative impact in the market.

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Maintain a Healthy Project Portfolio with Metrics and Reviews

Arras People

Maintaining a healthy portfolio requires organizations to align the portfolio with strategy and to select suitable metrics to track progress. Project Portfolio Management and Business Strategy. There is a circular link between strategy and project portfolios.