Project Risk Coach

JUNE 26, 2017

Risk management is such an effective vehicle for climbing the tallest mountain or swimming the deepest sea. However, the risk management pitfalls are many, rendering us completely ineffective in our attempt to fulfill our dreams. Thou shalt not make risk management complicated. Forrest Gump Click To Tweet.

Risk Management 246

Risk Management Risk Monitoring Planning 246

Project Risk Coach

OCTOBER 5, 2020

Why are many project managers confused over risks? Why do some project managers include positive risks in risk management and others do not? Let's clarify what we mean by the term risk. Risk is a Choice Merriam-Webster defines risk as “the possibility of loss or injury: peril.”

Risk 418

Risk Prince2 Risk Management Governance 418

Scrum.org

MAY 24, 2022

One of the first things that I usually hear after describing the Scrum framework and its five events to someone new to Scrum is, “that’s a lot of meetings!” . . Examining the five events, the first thing to point out is that the Sprint is not a meeting; it’s a container for all the other events. The Sprint. Sprint Planning.

SCRUM 221

SCRUM Cadence Technical Review 2020 221

ProjectManager.com

SEPTEMBER 13, 2022

Among this release’s hundreds of product updates, we wanted to highlight two that our business edition subscribers and above can access: risk management and recurring tasks. Manage Risks to Avoid Unexpected Project Impacts. Use risk management to identify and respond to project risks in one place.

Risk Management 309

Risk Management Risk Infrastructure Monitoring 309

ProjectManager.com

SEPTEMBER 14, 2021

What is a Risk Register? A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes.

Risk 415

Risk Software Review Technical Review Risk Management 415

Project Risk Coach

AUGUST 20, 2018

Some project managers start their projects with a strong focus on risk management. In this article, I am providing questions that can help you in monitoring project risks and as a result, achieve better results. Other project managers start out strong and stick with their risk management.

Monitoring 170

Monitoring Risk Risk Management Closing 170

Project Risk Coach

JANUARY 24, 2022

Poor risk management is costly. Program managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. Program Management.

Underperforming Technical Team 221

Underperforming Technical Team Risk Management Risk Technical Review 221

Project Risk Coach

OCTOBER 23, 2021

Some project managers have a defensive mindset. 3 Is an Opportunity a Risk, Really? 8 Evaluating Opportunities 9 Responding to Opportunities 10 Monitoring Opportunities. Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Is an Opportunity a Risk, Really?

Underperforming Technical Team 363

Underperforming Technical Team Risk Management Project Life Cycle Risk 363

Project Risk Coach

FEBRUARY 19, 2018

I fear that many project managers live by the letter of the law and may fail to gain the true benefits of risk management. These individuals are too concerned with checking boxes and making the risk management processes overly complex. Thou shalt not make risk management complicated. If so, why?

Risk Management 207

Risk Management Risk Monitoring Planning 207

Project Risk Coach

FEBRUARY 20, 2023

It's a simple question, "Who owns the risks in agile projects?" In this article, let's uncover the role of risk owners and how to perform risk management in agile projects. What is a Risk Owner? When it comes to taking ownership of risks, it allows team members to have greater control over their work.

Risk 418

Risk Agile Risk Management SCRUM 418

ProjectManager.com

AUGUST 29, 2023

Everything you need to know about project management terms is here in one list! Check back often, as this list of project management terminology is ever-evolving, just like project management itself! Check back often, as this list of project management terminology is ever-evolving, just like project management itself!

Software Review 418

Software Review Underperforming Technical Team Lean Event Chain 418

ProjectManager.com

MAY 16, 2024

Then we’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 378

Planning Software Review Underperforming Technical Team Risk Management 378

ProjectManager.com

NOVEMBER 25, 2020

It is believed that for every dollar spent beforehand you save four times as much if responding after the event. The advantages have been detailed, but the risks are not always self-evident as people uncritically embrace the new. This will include having a team leader and a management team responsible for the process.

Planning 430

Planning Infrastructure Risk Management Monitoring 430

ProjectManager.com

JULY 30, 2024

A program is a group of related projects that are managed together to reap the maximum amount of benefits. A program roadmap is a tool that allows program managers to get a high-level overview of all those projects under their purvey. Planning and managing isn’t the only use of a program roadmap.

Software Review 370

Software Review Monitoring Budget Risk Management 370

Project Risk Coach

AUGUST 10, 2020

Ninety percent of a project manager’s job is communication. And one of the most important things to communicate is your risks. How do you communicate risks? Communicating Project Risks 1. Analyze Your Risks We cannot communicate the things that we don’t understand. As risks are identified, assign a risk owner.

Risk 418

Risk Risk Management Defining Monitoring 418

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. Project management software can help.

Performance Measurement 386

Performance Measurement Risk Management Budget Monitoring 386

ProjectManager.com

JUNE 20, 2017

The SOW is also a guideline for the project manager. Change is an inevitable part of any project, no matter how thorough your plan is, so you want to include the likelihood for change in your scope to better manage it later. Reduce ambiguities and risks. Manage expectations. Get buy-in from management and team.

Underperforming Technical Team 529

Underperforming Technical Team Defining Technical Review Infrastructure 529

Project Risk Coach

APRIL 26, 2021

Think about it for a minute – what have you done in the last six months to improve your cost management? Let's look at some practical ways to actually improve your cost management. Consider John, a savvy project manager, who was asked to manage a project aimed at replacing a dated network system. We zigzag, don't we?

Estimate 397

Estimate Risk Management Budget Controlling 397

ProjectManager.com

DECEMBER 20, 2019

Everything you do when managing a project is partially if not entirely a communicative process. Managing those tasks is a constant communicative effort with your team. You’re also going to need a review method in place to monitor the effectiveness of your communications. Monitor Your Project Communications.

Planning 538

Planning Underperforming Technical Team Monitoring Defining 538

Project Risk Coach

JANUARY 14, 2019

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. What to Include in a Risk Register. ” Risk Owner. .” Risk Score.

Risk 342

Risk Risk Management Technical Review Information Technology 342

ProjectManager.com

JUNE 16, 2021

Determine what the root cause is: There are other tools that can help, such as the five whys, which we’ll get to in a moment, a fault tree, cause and event tree and more. Monitor, track and report on the solution: Project management software can facilitate this step. The Fishbone Diagram.

Monitoring 540

Monitoring Sustainability Defining Process 540

ProjectManager.com

SEPTEMBER 14, 2023

All of these things and more make them a perfect candidate for business project management. Let’s first explore the definition of business project management. Then, we’ll look at the role of a business project manager and the types of projects that a business will manage. What Is Business Project Management?

Software Review 405

Software Review Monitoring Technical Review Risk Management 405

ProjectManager.com

NOVEMBER 2, 2022

However, in project management, project assumptions are essential for planning a project. Let’s take a look at how project assumptions are defined in project management and why they’re so important. Then we’ll learn about a project assumption log and how assumptions differ from constraints and risk.

Software Review 347

Software Review Risk Management Technical Review Risk 347

ProjectManager.com

FEBRUARY 27, 2024

Project planning is one of the first and most important aspects of project management. Project management software does more than a static Excel or Word template, but using these free 12 project planning templates for Excel and Word is a decent substitute. Project planning templates are part of project management.

Planning 398

Planning Software Review Risk Management Estimate 398

ProjectManager.com

FEBRUARY 3, 2022

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

Risk 400

Risk Underperforming Technical Team Risk Management Technical Review 400

nTask

OCTOBER 7, 2021

It is the concept of uncertain events and occurrences that insurance is based on. Project management is no different. A risk management plan is how you can get your team on the same page. Here is everything you need to know about why you should create a risk management plan and how to do so.

Risk Management 158

Risk Management Risk Planning Monitoring 158

ProjectManager.com

AUGUST 23, 2023

Project risk. Just the word risk can evoke the same kind of primal, fight-or-flight fear in project managers. But risk shouldn’t be feared, it’s just another part of the project to manage. All projects have some element of risk while other projects are inherently high-risk. (We’re

Risk 341

Risk Risk Management Monitoring Project Cost 341

ProjectManager.com

DECEMBER 6, 2023

Projects are often viewed as standalone events. Strategic project management understands this. If you haven’t heard the term before, we’ll begin with a definition of strategic project management and explain how strategic projects differ from operational projects. What Is Strategic Project Management?

Planning 430

Planning PMO Manufacturing Logistics 430

Project Risk Coach

SEPTEMBER 23, 2019

Just because you've been a project manager since the days of "Gilligan's Island" is no guarantee that you are an effective project manager. 10 Habits of Effective Project Managers. Define what you mean by risk The term "risk" means different things to different people. threats); others include positive events (i.e.,

Risk Management 286

Risk Management Risk Defining Monitoring 286

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

Risk Management 167

Risk Management Risk 2012 Prince2 167

Project Risk Coach

AUGUST 7, 2016

How’s your project risk management knowledge? Some of you are a certified Project Management Professional (PMP) or as a Risk Management Professional (PMI-RMP) so this test may be a good review for you. Matching Game: Project Risk Management. Feel free to share it with other project managers.

Risk Management 150

Risk Management Risk PMI Executing 150

ProjectManager.com

SEPTEMBER 22, 2020

In project management, a flow chart is a visual aid to understand the methodology you’re using to manage the project. Project managers use a flow chart to offer a clear picture of process and to find ways to improve project efficiency. But, a flow chart can also help with monitoring progress and even status reporting.

Monitoring 407

Monitoring Software Review Closing Controlling 407

Rebel’s Guide to PM

MAY 2, 2022

The mission of a project portfolio manager is clear enough: maximize the business benefits of projects. In this article, you’ll learn the top 5 key considerations and knowledge areas under which the main criteria for managing a project portfolio can be grouped. Consideration #2: Managing complex risk is all about balance.

Technical Review 365

Technical Review Risk Management Governance Government 365

ProjectManager.com

JUNE 22, 2022

Project accounting, as with general accounting, is a method by which project managers can manage project finances. Project accounting is not the same as balancing your checkbook or even seeking the service of a certified public accountant as it’s unique to project management. Learn more. How Does Project Accounting Work?

Finance 378

Finance Software Review Monitoring Project Cost 378

ProjectManager.com

AUGUST 22, 2023

What qualifications do you need to land a project management job? What Are Project Management Qualifications? Being qualified for a position as a project manager means you have the skills, experience and temperament for the job. Qualified project managers need the right tools for the job. Thanks for watching!

Certification 357

Certification Leadership Risk Management Budget 357

Binfire

SEPTEMBER 19, 2024

Just like project managers prepare for unforeseen risks in their professional endeavors, wedding planners and couples must anticipate and manage potential issues that could arise before or during the big day. Here’s how you can identify, assess, and manage risks in wedding planning.

Risk Management 125

Risk Management Risk Planning Logistics 125

ProjectManager.com

OCTOBER 21, 2022

In project management, a program is a set of related projects that are executed simultaneously by organizations to make the most out of their resources and maximize their return on investment (ROI). Program management requires company-wide collaboration and lots of planning. A program manager oversees this process.

Certification 414

Certification PMI Risk Management Budget 414