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

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.

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Risk Management Risk Infrastructure Monitoring 303

Project Risk Coach

DECEMBER 4, 2022

Risk identification is an integral part of project risk management. It is essential for any project manager to know what risks might affect a project and navigate them. This article will examine the five techniques for risk identification. Techniques for Risk Identification 1.

Risk 395

Risk Risk Management Budget Engineering 395

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

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

ProjectManager.com

NOVEMBER 22, 2022

Producing an event, whether virtual, in-person or hybrid, is hard enough. Having to make an event budget adds another layer of stress. But it doesn’t have to be a nightmare if you follow a few simple steps to creating an event budget. Successful events should be fun and informative. What Is an Event Budget?

Budget 340

Budget Transportation Estimate Risk Management 340

Project Risk Coach

JULY 29, 2019

What would you do if all hell breaks loose in a critical company project that you are managing? So, the project charter is completed and the top risks are recognized. You've been asked to manage this project. You lose two of your best team members. Your budget is shot. A key stakeholder is breathing down your neck.

Risk Management 348

Risk Management Risk Budget Planning 348

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

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.

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Risk Management Risk SCRUM Initiating 191

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

Musings on Project Management

NOVEMBER 4, 2023

Assert: "The vast majority of identified project risks go unmanaged."Really?Is Actually not; it's more intuitive, after thinking about the numbers of risks a large-scale project encounters.And, we're talking risks; not issues.So Is that assertion calibrated with historical performance?

Risk 150

Risk Risk Management 150

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 340

Risk Risk Management Monitoring Project Cost 340

ProjectManager.com

OCTOBER 26, 2022

But after a period of virtual events, it’s hard to let go of that digital luxury. Virtual event planning has become commonplace even as events return to IRL or offer hybrid options. Virtual event planning means that more people can attend regardless of where they are. What Is a Virtual Event? Learn more.

Planning 341

Planning Engineering Defining Risk Management 341

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

Rebel’s Guide to PM

SEPTEMBER 26, 2022

Mike Clayton defines risk as “uncertain events that can affect outcomes,” in his book, Risk Happens!: Managing Risk and Avoiding Failure in Business Projects. Risk management is the most important of your project controls. So what exactly is project risk management?

Risk 385

Risk Prince2 Risk Management PMO 385

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

ProjectManager.com

OCTOBER 25, 2022

Having an event is a like executing a project. It has a plan that’s executed by a team with a deadline with the final deliverable being the event. Just like a project, event management is the way you make sure everything seamlessly comes together for your stakeholders. What Is Event Management?

Underperforming Technical Team 365

Underperforming Technical Team Logistics Executing Planning 365

Project Risk Coach

OCTOBER 8, 2019

Project management is "the application of knowledge, skills, tools, and techniques to project activities to meet the project objectives" (PMBOK—6th Edition). So, how does project risk management fit into the world of project management? It empowers the project manager to achieve the project objectives.

Risk Management 268

Risk Management Risk Executing Process 268

Musings on Project Management

OCTOBER 23, 2022

Doing a little risk management?Here Interpret that question with these rewordings: In effect, can I afford to let the risk go unmanaged, or can I afford to take the risk, given I have a choice?)Can Can I improve the chances that the risk event won't happen, or can be somewhat mitigated, if I can obtain more knowledge?

Risk Management 186

Risk Management Risk 186

Musings on Project Management

MAY 8, 2024

What I'm actually talking about is conjunctive events, disjunctive events, and anchor bias:Conjunctive events are chains of event for which every link in the chain must be a success or the chain fails. What to make of chains and funnels? And, if I also stick in anchors, does it help?

Risk Management 195

Risk Management Risk 195

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 407

Risk Software Review Technical Review Risk Management 407

Epicflow Blog

OCTOBER 4, 2024

If so, it’s hardly surprising—a great number of projects are exposed to industry challenges or unfavorable external events. Neglecting these risks can lead to project delays, budget overruns, and even project failure, which will negatively impact a manufacturer’s reputation. Let’s take a look at the most essential ones.

Manufacturing 59

Manufacturing Risk Management Risk Underperforming Technical Team 59

The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

Risk Management 88

Risk Management Risk Cadence 2016 88

Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

Risk Management 77

Risk Management Risk Cadence 2023 77

ProjectManager.com

MARCH 7, 2023

Planning an event can range from a meeting at work to a convention and everything in between. It’s another project where you have to manage time, cost and scope (and don’t forget quality) to deliver on a deadline. ProjectManager is award-winning software that can help you plan, manage and track your events.

Planning 296

Planning Software Review Budget Influencer 296

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

Musings on Project Management

FEBRUARY 10, 2020

Ideas about extreme risk management have been around a long time. Here's a working definition: Extreme risks are those for which the consequences are nearly irreversible, and the impact is near-catastrophic. And, fortunately, in most cases, the likelihood of the event is low. No news there, so let's press on.

Risk Management 259

Risk Management Risk 259

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

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 390

Risk Underperforming Technical Team Risk Management Technical Review 390

ProjectManager.com

OCTOBER 25, 2022

Having an event is a like executing a project. It has a plan that’s executed by a team with a deadline with the final deliverable being the event. Just like a project, event management is the way you make sure everything seamlessly comes together for your stakeholders. What Is Event Management?

Underperforming Technical Team 217

Underperforming Technical Team Logistics Executing Planning 217

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

Scrum.org

OCTOBER 3, 2023

What are the 5 events in Scrum? The Sprint is the most commonly overlooked event in Scrum. In fact, many people don’t even realize that it is an event in Scrum. 2020 Scrum Guide ) The Sprint is a container for all of the other events in Scrum. A shorter Sprint is better to reduce risk. Can you name them?

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SCRUM Cadence Technical Review Development Team Review 166

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.

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Risk Risk Management Executing Defining 195

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

MPUG

APRIL 26, 2021

Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. What is Enterprise Risk Management?

Governance 122

Governance Government Risk Management Risk 122

Musings on Project Management

JANUARY 30, 2021

Here's three of the biggies from the domain of risk management which are explained below with some examples: Knowledge errors and omissions: There's a project event coming up. Sometimes, people use big words and I have to pause and look them up -- using an online dictionary, of course.

Risk Management 170

Risk Management Risk 170

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.

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Risk Management Risk Monitoring Planning 246