ProjectManager.com

JANUARY 24, 2023

If there’s one thing you can be certain of when managing a project, it’s change. Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. However, templates can only do so much.

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ProjectManager.com

AUGUST 13, 2021

There is heavy equipment, crews working in precarious situations and complicated logistics to manage. How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan.

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ProjectManager.com

JUNE 16, 2021

One way to do this is by using a root cause analysis. What Is Root Cause Analysis? As the name suggests, a root cause analysis is a problem-solving technique that offers teams an opportunity to identify issues that are causing the problem. Why Is a Root Cause Analysis Important? How to Perform a Root Cause Analysis.

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ProjectManager.com

DECEMBER 9, 2019

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

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ProjectManager.com

OCTOBER 15, 2020

When managing a project, one is required to make a lot of key decisions. Because of the high stakes, good managers don’t just make decisions based on gut instinct. They prefer to minimize risk to the best of their ability and act only when there is more certainty than uncertainty. What Is Cost Benefit Analysis?

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ProjectManager.com

DECEMBER 9, 2021

To discover those means, you can use an alternative analysis. An alternative analysis is how project managers choose how they’re going to approach a project. An analysis of alternatives is required, and today’s blog will guide you through the tools and methods you should use to get the data you need.

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ProjectManager.com

SEPTEMBER 16, 2021

All projects have risks, but not all risks are the same. There are many potential risks that can affect a project and you need to have a risk management process in place to manage them. This risk management process consists of risk identification, assessment, mitigation and monitoring.

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Project Risk Coach

MARCH 28, 2023

As the project management landscape becomes increasingly complex, effectively identifying, assessing, and managing risks has become critical for project managers. The PMI-RMP certification covers various domains, each with its set of tasks and enablers that project managers can leverage to manage risks effectively.

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Project Risk Coach

JANUARY 11, 2021

Ask 10 different risk management experts to define emerging risks, and you will likely receive different points of view. In this article, let's define emerging risks, discuss ways to identify them, and look at different ways to manage these risks. What are Emerging Risks? Click to Tweet.

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Project Risk Coach

NOVEMBER 1, 2021

The Project Management Institute (PMI) recently published the Project Management Body of Knowledge Guide (PMBOK®), Seventh Edition which is radically different from previous editions. 3 The Risk Management Principle 4 What is a Method? Table Of Contents. 5 Is the PMBOK® Guide, Sixth Edition Still Relevant?

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Rebel’s Guide to PM

FEBRUARY 28, 2022

A project manager’s job isn’t just about managing the work. Part of a resource management plan is to build the skills of your team. However, you should also consider how good they are at doing the work of projects – project management. Risk management is a great example. Identify project risks.

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ProjectManager.com

OCTOBER 7, 2021

Risk is always present in construction projects. By definition, construction risk feels unpredictable and damaging, but you can identify and manage them. You may feel you can control risk in your organization and construction management team—but what happens when you’re working with independent contractors?

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Planio

AUGUST 5, 2024

Analysis paralysis restricts our ability to make effective decisions, rendering us stuck in the mud as overthinking and complexity take over. Left unchecked, analysis paralysis limits our progress, creates risk, and delays the achievement of critical objectives. Jump to a section: What is analysis paralysis?

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Project Risk Coach

JULY 1, 2019

If you are looking for a great way to engage your key stakeholders and identify project risks, perform a SWOT Analysis. Project managers or other facilitators can use this powerful tool to identify strengths and weaknesses. Let's look at how to perform a SWOT Analysis. SWOT Example. What is SWOT? S Strengths.

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Project Risk Coach

DECEMBER 11, 2022

You are a project manager and have to make decisions on the fly. In this article, I will share what you need to know about Monte Carlo risk analysis , how it works, and an overview of when it should be used. Whenever we manage projects, we rely heavily on assumptions. Project managers can illustrate what may happen (e.g.,

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Estimate Risk Management Risk Budget 195

Inloox

NOVEMBER 16, 2021

Risk analysis with the FMEA method The abbreviation FMEA stands for Failure Mode and Effects Analysis. The FMEA method is therefore much more than just a risk management method. In project management, this tool is mainly used in quality assurance and risk management.

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Risk Management Risk Software Development Software Developers 239

Project Risk Coach

OCTOBER 3, 2022

Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? So, a risk may cause a positive effect. So, a risk may cause a positive effect. We call these risks opportunities. What is Risk Threshold?

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ProjectManager.com

NOVEMBER 14, 2024

Project leadership is in flux and a good manager knows never to become complacent. In Review: 7 Ways Project Manager Roles Are Changing As Jennifer said, project manager roles are changing. ” In short, you’re going to need strategic and business management skills to stay competitive. What do you do?

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LiquidPlanner

MAY 24, 2023

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

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The IIL Blog

NOVEMBER 6, 2024

Let’s explore the future of risk management in the age of AI. Risk management, a field traditionally rooted in human judgment, expertise, and data analysis, is undergoing a profound transformation. But will AI truly be able to handle all the complexities of risk identification, assessment, and mitigation?

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Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

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Inloox

NOVEMBER 16, 2021

New blog series on risk management in projects In the coming weeks, we will focus on a very relevant topic in project management: Risk management. This area of project management is very important, as projects are confronted with permanent changes and thus constantly with new risks.

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Management Yogi

JUNE 25, 2024

The Practical RMP with Primavera Risk Analysis course is used risk management practitioners around the world, including PhD candidates pursuing their doctorates.

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Risk Management Risk Construction Engineering 81

Project Risk Coach

NOVEMBER 30, 2021

Some 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. We have a risk management plan.

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Risk Management Risk Underperforming Technical Team Monitoring 195

Project Risk Coach

MAY 21, 2023

Project management standards matter because they provide consistency and predictability. In this article, we will explore five benefits of studying PMI's Standard for Risk Management in Portfolios, Programs, and Projects. They help us avoid confusion, mistakes, and chaos.

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Online PM Courses

APRIL 7, 2024

Basic risk analysis is easy to understand. But there's one pitfall that too many Project Managers fail to avoid: estimating likelihood. The post Risky Analysis: Pitfalls and Good Practices in Estimating Likelihood appeared first on OnlinePMCourses.

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Project Risk Coach

DECEMBER 2, 2019

In this post, we will explore why stakeholder analysis is important. Why Analyze Project Stakeholders Some project managers say they don't have enough time to analyze the stakeholders. It's critical to understand how people inside and outside your organization may impact your projects. That's a mistake! So, why is it important?

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The IIL Blog

FEBRUARY 28, 2024

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

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Inloox

APRIL 16, 2024

Content What is a SWOT analysis? 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.

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Artificial Inteligence Underperforming Technical Team Technical Review Development Team Review 100

Project Risk Coach

JUNE 20, 2022

The Project Management Institute (PMI) released the PMBOK® 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. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses.

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

Inloox

NOVEMBER 16, 2021

Introduction: The risk catalog The risk catalog - also called risk inventory - can serve as a basis for a risk analysis or the FMEA method. A risk catalog represents a structured compilation of potential project risk events. Nevertheless, the benefits of the risk catalog are also limited.

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ProjectManager.com

FEBRUARY 19, 2019

If a business isn’t prepared for those responses, then they’re taking a great risk. Business impact analysis is a tool to help plan for the inevitability of consequences and their cost. It’s another arrow in the quiver to battle risk. Business Impact Analysis Defined. First, what is business impact analysis (BIA)?

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Technical Review Software Review Risk Management Risk 331

Planview

JULY 29, 2021

Risk management is one of the core project knowledge areas, an essential and ongoing process which can be described as the methodical process of identification, analysis and response to project risks involving several major phases which are similar to all projects. The Risk Analysis Process in Project Management.

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nTask

OCTOBER 4, 2022

To deal with risks successfully, each project manager should develop and implement a risk management strategy, plan, and tools at the start of each project. Mostly, People are bad at assessing risk. This is why project managers must understand how to analyze […].

Risk Management 88

Risk Management Risk Influencer Process 88

Rebel’s Guide to PM

OCTOBER 14, 2019

A project manager’s job isn’t just about managing the work. Part of a resource management plan is to build the skills of your team. However, you should also consider how good they are at doing the work of projects – project management. Risk management is a great example. Identify project risks.

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Risk Management Risk Technical Review 2015 251

ProjectManager.com

NOVEMBER 12, 2024

But some software developers and their teams might not be ready to upgrade to project management software. They’re just a sampling of all the free project management templates available to download on our site. They cover every aspect of managing a project across multiple industries.

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Software Developers Software Development Software Risk Management 331

ProjectManager.com

OCTOBER 2, 2019

If the quality is not up to their standards, then no matter how efficiently the project was managed, it failed. That’s where requirements analysis comes in. What Is Requirements Analysis? Requirements analysis is nearly self-explanatory: it’s the process of defining the expectations of stakeholders on a project.

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