Remove 2008 Remove Project Cost Remove Risk
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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? It helps to think of risks in categories.

Risk 349
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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

The risk is created when we have not accounted for this natural variances in our management plan for the project. If we do not have a sufficient buffer to protect the plan from these naturally occurring variances, our project will be impacted in unfavorable ways. An aleatory risk is expressed as a relation to a value.

2003 46
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Black Swans

Herding Cats

Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. Acquiring Data Retires Risk. One role of the project manager is to reduce or retire risk. This supposes a risk management system of course.

2002 34
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Increasing Profitability In Times of a Crisis: How the Right Approach to Project and Resource Management Can Help Improve Business Outcomes

Epicflow Blog

Read more: Saving Сosts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run Among other things, effective project and resource management plays an important role in ensuring the above-mentioned outcomes.

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Black Swans

Herding Cats

Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. Acquiring Data Retires Risk. One role of the project manager is to reduce or retire risk. This supposes a risk management system of course.

2002 28
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Best agency project management software: 10 tools to short-list today – Part 5

Resource Guru

Far too many agencies are still using spreadsheets to manage high-stakes projects. Between tabs, color codes, and comments, the time spent on admin is valuable time that could be spent (actually) enabling project success. Plus, the risk of human error is just far too great.

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Estimating is a Learned Skill

Herding Cats

Sjøberg1, and Magne Jørgensen, IEEE Software , Volume 25, Issues 3, May-June, 2008. Prediction of project outcome: The Application of Statistical Methods to Earned Value Management and Earned Schedule Performance Indexes,” Walt Lipke, Ofer Zwikael, Kym Henderson, and Frank Anbari, International Journal of Project Management , 27, pp.