Remove 2009 Remove Risk Remove Risk Management
article thumbnail

The Hidden Power of Emotional Intelligence and Psychological Safety in Project Success

The IIL Blog

In the practice of project management, the focus is often placed on leadership to achieve success; however, leadership – no matter the style – is of little to no effect if the project manager has low EI and fosters psychologically unsafe environments. So, what is EI?

article thumbnail

The Groupthink Trap: How Conformity Can Break Your Business

Alan Parker Blog

Janis suggested there were eight main forms of groupthink; The Illusion of Invulnerability: Members of the group have an overconfident belief that their decisions are beyond reproach, leading to excessive optimism and risk-taking. Without these capabilities, a business risks remaining stagnant and unresponsive to market changes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Optimizing Portfolio Profit through DIPP-guided Resource Allocation

Epicflow Blog

‣ Stephen Devaux (USA), is a project management theorist, consultant, author, and educator with 36 years of experience. Ask any project manager how big her project is and you will hear something like: “Well, it’s a ten-month project with a budget of eight million euros.” Business people always fear big losses on projects.

article thumbnail

The Practice Standard for Project Risk Management

Project Risk Coach

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the Project Risk Management Professional (PMI-RMP) exam ( until the updated PMI-RMP® exam comes into play April 2022 ). Which PMI Standard Should You Study?

article thumbnail

How to Manage Project Scope Without Scope Creep (with examples)

Rebel’s Guide to PM

Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. Scope creep is caused by lack of requirements management. The project manager is responsible for letting scope creep affect the project.

article thumbnail

Managing Risk from Every Level of Your Organization

LiquidPlanner

If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. Risk is not solved with a calculation. Are there unexpected risks now emerging?

article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

PRINCE2® is a project management method. It’s structured, and experience-based, created from the lived experience of thousands of project managers and successful projects. It’s a customizable way of managing and controlling the work. PRINCE2® was released in 1996 and had major updates in 2009 and 2017. What is PRINCE2®?