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PMBOKĀ® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOKĀ® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Create a Collaborative Project Team Environment 3. Optimize Risk Responses 11. Table Of Contents. Focus on Value 5.

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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

Then weā€™ll explore scenario planning in business and project management before explaining the steps that must be taken to use this process. Scenario planning is a strategy used to consider possible future events for an organization or project to develop an effective and relevant long-term plan to respond positively to that change.

Planning 330
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Key Skill for Project Managers: Concept Development

Inloox

Does this sound familiar: A manager calls an employee in and proudly informs them about new challenges, ideas and projects. risk analysis ), concepts are usually created as a starting point for important and large projects, as well as other endeavors. You need the following competencies for successful concept development: 1.

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SWOT analysis in project management: definition, instruction & example

Inloox

SWOT analysis in the project management context Why should I conduct a SWOT analysis? How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. Content What is a SWOT analysis?

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PMOs Shifting from Watchdogs to Strategic Enablers

Project Risk Coach

Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. Management sees it as a way to give oversight to all the programs and projects. Third, some PMO managers lack authority and relational influence in the organization.

PMO 457
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Do your team members feel unsafe to lead?

Kiron Bondale

Laziness or inertia did not make the list, but if we give the Homer Simpson who is in all of us an opportunity to take over, his influence could be a fourth contributor! This will help staff to become less worried about how to handle the team conflicts which they will inevitably face.

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How to Improve Your Project Communication

Project Risk Coach

In my project management workshops, I ask this question, "What are the top causes of project failure?" Nine times out of ten, I hear the answerā€”poor communication. What happens when poor communication exists? Consequently, individuals misunderstand and make bad assumptions. Heck, your team may even abandon ship.