Project Risk Coach

NOVEMBER 1, 2021

In this article, let’s see how the PMBOK® Guide, Seventh and Sixth Editions differ, explore the Risk Principle in the Seventh Edition, and look at how risk management methods relate to principles. 3 The Risk Management Principle 4 What is a Method? Here are some takeaways from this risk management principle.

Risk Management 394

Risk Management Risk PMI PMO 394

ProjectManager.com

FEBRUARY 26, 2021

Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. In this article, we’ll discuss strategies that let you get a glimpse at potential risks, so you can identify and track risks on your project. What is Risk Management on Projects?

Risk Management 538

Risk Management Risk Process Monitoring 538

Rebel’s Guide to PM

SEPTEMBER 29, 2022

Risk meetings don’t have to be boring, although in my experience they often are. A Short Guide to Facilitating Risk Management is a book that specifically addresses how to get the best out of your risk management meetings. The benefits of risk management. Great advice for risk meetings.

Risk Management 410

Risk Management Risk Initiating Planning 410

Scrum.org

MAY 20, 2024

According to the 2020 Scrum Guide , “Scrum employs an iterative, incremental approach to optimize predictability and to control risk.” For more analogies like this, check out our article What is Iterative, Incremental Delivery? The Scrum guide calls out predictability and controlling risk as the two main benefits.

Controlling 196

Controlling Risk SCRUM 2020 196

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. I get this.

Risk Management 423

Risk Management Risk Government Governance 423

Scrum.org

JUNE 19, 2024

With its flexible and iterative nature, Scrum helps identify risks in product development. Events are feedback loops and opportunities to mitigate risks through transparency, inspection and adaptation. This article was first published in the AskScrum.com newsletter.

Risk Management 189

Risk Management Risk SCRUM 2024 189

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.

Risk Management 221

Risk Management Risk Defining Budget 221

Kiron Bondale

OCTOBER 26, 2022

Those of you who read my articles regularly will know that I took a hiatus from writing about leadership and delivery topics over the past couple of months to focus on my first time campaign running for one of the city councilor seats in Welland. The weather was sunny and warm on election day and polls were open till 8 PM.

Risk 316

Risk Transportation Risk Management Leadership 316

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. 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. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 330

Risk Technical Review Risk Management Estimate 330

Project Risk Coach

JANUARY 8, 2023

Risk management is an important part of the decision-making process for any project. It involves identifying, assessing, and responding to potential risks that could impact the project. In this article, we will look at some of the most frequent project risk response mistakes and explain how to avoid them.

Risk 195

Risk Risk Management Executing Defining 195

Kiron Bondale

FEBRUARY 27, 2022

Similar to my previous article, this topic stemmed from a discussion I had with the learners of the PMP preparatory course I taught this week. In past article I’ve frequently quoted Dr. David Hillson’s definition of risk as being “ uncertainty that matters “ That definition recognizes both threats and opportunities.

Risk 334

Risk Risk Management PMI Construction 334

Project Risk Coach

JANUARY 3, 2022

In this article, I share 30 risk evaluation tips to help you tap into your genius. Use some of these tips to help you and your project teams determine which risks matter most. One of the top reasons for evaluating risks is to determine which risks are most significant. time-to-impact) of your risks?

Risk 195

Risk Influencer Defining Budget 195

Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? First, risk appetite is the degree of uncertainty. Fourth, we anticipate a reward.

Risk 195

Risk Underperforming Technical Team Risk Management Defining 195

Rebel’s Guide to PM

FEBRUARY 28, 2022

Risk management is a great example. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management. Here’s how project managers can help their teams manage risk effectively, so that everyone benefits from effective risk management.

Risk Management 284

Risk Management Risk Technical Review 2015 284

Project Risk Coach

OCTOBER 11, 2021

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?

Risk Management 221

Risk Management 2009 Risk PMI 221

Project Risk Coach

DECEMBER 13, 2021

Once we've identified our project risks, we should plan and implement responses. In this article, let's look at ways to respond to project threats and opportunities. We can optimize our risk responses over time. Project Risk Strategies How Can We Respond to Risks? contingency plan are defined).

Risk 195

Risk Risk Management Defining Planning 195

Project Risk Coach

NOVEMBER 2, 2020

In today's article, I'll test your understanding of risk attitude. We'll also explore different risk attitudes and how they can affect risk evaluations. Project managers should seek to understand the risk attitudes of key stakeholders because: A. Negative risk attitudes can reduce a project team's motivation.

Risk 334

Risk PMI Risk Management Defining 334

Project Risk Coach

MAY 21, 2023

In this article, we will explore five benefits of studying PMI's Standard for Risk Management in Portfolios, Programs, and Projects. Improve project success rates Effective risk management is critical to the success of any project, program, or portfolio. They help us avoid confusion, mistakes, and chaos.

Risk Management 221

Risk Management Risk PMI Certification 221

Project Risk Coach

JULY 12, 2021

In this article, we will look at what a risk owner is and why they are needed. Now imagine the risks listed above occurring under two different IT Directors. She provides oversight to the IT software development process and proactively identifies and manages the IT risks. Risk owners define the risk response plans.

Risk 195

Risk Software Review Technical Review Risk Management 195

Project Risk Coach

JUNE 20, 2022

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 Implications What happens when the project environment is not conducive to collaboration?

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

Project Risk Coach

APRIL 22, 2019

This is a guest article by Dana Brownlee from professionalismmatters.com. Credit : gorodenkoff | iStockphoto One of my favorite suggestions for this unenviable predicament is using risk analysis. Indeed, I think risk analysis can be the secret weapon of managing up!

Risk Management 333

Risk Management Risk Planning 333

Kiron Bondale

MARCH 21, 2021

This article represents the confluence of three separate concepts I read about this week. The first came when I read Michael Küsters’s article Why WSJF is Nonsense which details the downside of blindly ranking work packages based on the Weighted Shortest Job First (WSJF) formula. of making a poor decision. (If

Risk 227

Risk 2001 Estimate Leadership 227

Kiron Bondale

SEPTEMBER 26, 2021

Tracking and reporting risk information is a standard part of any project management approach. Minimal sufficiency should be the goal we strive to in terms of meeting the informational needs of your stakeholders but more important, helping risk and risk response owners to effectively address identified risks.

Risk 207

Risk Risk Management PMI Government 207

Kiron Bondale

JUNE 12, 2022

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it.

Risk 207

Risk Risk Management PMI Leadership 207

The IIL Blog

JANUARY 24, 2024

Time and time again, I see organizations are not dealing with risk appropriately. Sure, they have a list of five to ten risks on their projects, but they are not managing their risk and are falling into risk management pitfalls. Some people would call this risk magic. PMBOK 5 th Edition, PMI. Well wait a minute.

Risk 78

Risk Risk Management 2012 PMI 78

Project Risk Coach

DECEMBER 26, 2017

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. However, the risks are never discussed again. When to Identify Risks.

Risk 306

Risk Software Review Risk Management Energy 306

Scrum.org

MARCH 26, 2024

Optimizing Risk Responses in professional project management resonates profoundly with the empirical foundation of Scrum. Scrum's framework inherently addresses risk by embracing uncertainty and change, making it an ideal approach for managing both opportunities and threats in complex environments.

Risk Management 190

Risk Management Risk SCRUM Initiating 190

Project Risk Coach

OCTOBER 9, 2022

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 PMI Risk Management Professional (PMI-RMP®) exam. Which PMI Risk Standard Should You Study? The exam pilot occurred in December, 2021.

Risk Management 195

Risk Management Risk 2009 PMI 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.

Risk Management 185

Risk Management Risk Defining Initiating 185

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.

Risk Management 204

Risk Management Risk Planning 204

The IIL Blog

SEPTEMBER 11, 2024

Yet, while the potential consequences of a cyberattack can be devastating, it’s essential to recognize that cybersecurity is merely one facet of the broader risk landscape that businesses face. Businesses face a wide range of internal and external risks that can have equally devastating consequences. Learn more here!

Risk 78

Risk 2024 2015 Government 78

Project Risk Coach

NOVEMBER 28, 2017

He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories? Why Use Risk Categories?

Defining 292

Defining Risk Risk Management PMO 292

Kiron Bondale

AUGUST 22, 2021

Secondary risks are those which arise based on the implementation of a response to an identified risk. Similar to other risks, secondary risks can fall into known-unknown and unknown-unknown categories. As readers of my recent articles will know, we recently moved into a new house.

Risk 207

Risk Closing Leadership Risk Management 207

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?

Risk Management 162

Risk Management Risk Controlling Artificial Inteligence 162

Kiron Bondale

JANUARY 23, 2022

If a team possesses a high level of psychological safety, does this increase the likelihood that one of its members might feel safe taking a risk which goes beyond the risk tolerance of the team, the line of business or the organization as a whole? Provide examples of what is and isn’t safe to do.

Risk 194

Risk Risk Management PMI Leadership 194

Project Risk Coach

AUGUST 27, 2018

In this article, we will look at how to conduct a risk audit to evaluate the effectiveness of your risk management. Additionally, we'll also talk about how to be more forward thinking through risk reviews. Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.”

Risk 186

Risk Risk Management Controlling Closing 186

Project Risk Coach

FEBRUARY 4, 2019

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for controlling risks and getting the results they are looking for?

Controlling 199

Controlling Risk Technical Review Performance Measurement 199