Rebel’s Guide to PM

AUGUST 12, 2024

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business.

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Risk Management Risk Underperforming Technical Team Government 331

ProjectManager.com

SEPTEMBER 27, 2023

Is your smartphone really that intelligent or is it just an example of advanced technology? Let’s review smart manufacturing and smart factories and explore some examples of smart manufacturing technologies. Because it’s constantly monitoring production in all its aspects, smart manufacturing also creates advanced maintenance.

Manufacturing 369

Manufacturing Artificial Inteligence Software Review Technical Review 369

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

JANUARY 31, 2024

To better illustrate how a balanced scorecard works, we’ll also show an example of one and then share a free template to help you get started with yours. Financial Perspective This is looking at the return on investment for the business or organization and the key risks involved in its operations. What Is a Balanced Scorecard?

Performance Measurement 430

Performance Measurement Government Governance Initiating 430

ProjectManager.com

NOVEMBER 28, 2023

Then we’ll get into some examples to fully illustrate their meaning. Besides the examples above, an operational process asset can be any practice or knowledge from anything used to execute or govern the project, even lessons learned from previous projects and historical data. Here are some of the more common examples.

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ProjectManager.com

SEPTEMBER 12, 2023

We’ll then outline the top benefits and provide a few examples across industries to make process manufacturing clear. One example is food and beverages, but it can also be found in oil refining, the production of gasoline, pharmaceuticals, personal care products, cosmetics, specialty chemicals, plastics, metals, paints and even alcohol.

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Manufacturing Process Controlling Closing 408

ProjectManager.com

DECEMBER 27, 2023

We’ll get into the benefits of a schedule of values in a moment, but the use of this project document helps with financial control, payment management, project monitoring and documentation throughout the project. Schedule of Values Example To better understand the process of a schedule of values, let’s explore how to make one.

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Construction Estimate Budget Monitoring 400

Project Risk Coach

NOVEMBER 14, 2022

This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Ensuring that all of the risks are addressed can be a daunting task, particularly for larger, complex projects. For example, organizations may place project managers in functional areas (e.g.,

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Project Risk Coach

AUGUST 13, 2018

Many project managers do a great job of identifying risks. Some even evaluate risks and develop response plans. However, project managers get busy as their projects progress and fail to monitor their risks, resulting in challenged or failed projects. Do Project Managers Really Control Risks?

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ProjectManager.com

NOVEMBER 17, 2023

Then we’ll outline what goes into an SLA so you can make one, with an example to flesh it out and make it more comprehensible. For example, that service could include voice, text and internet services, but there’s still only one contract. Project management software can help you monitor the SLA.

Software Review 380

Software Review Monitoring Defining Logistics 380

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. Learn More!

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Risk Project Life Cycle Risk Management Software Review 403

ProjectManager.com

DECEMBER 20, 2023

For example, commercial construction can be classified into three subcategories of retail, office, multifamily and industrial construction. To further illustrate what industrial construction is, we’ll offer five examples and some of the challenges inherent in the construction sector. What Is Industrial Construction?

Construction 379

Construction Transportation Manufacturing Energy 379

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?

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Risk Management Risk Process Monitoring 538

Rebel’s Guide to PM

APRIL 24, 2023

From examples of project activities in a business versus operational activities to strategies for balancing projects and operations simultaneously — this article will help you understand the differences and consider the similarities. These are all great sources of examples of projects. Next up, examples of operations management.

Retail 418

Retail Government Governance Healthcare 418

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.” Provide examples.

Risk 418

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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. Domains (e.g.,

PMI 221

PMI Risk Management Risk Underperforming Technical Team 221

ProjectManager.com

JANUARY 24, 2023

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. There are many project management templates that are designed to help you identify, respond to and track those risks. Learn more 3.

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Risk Management Risk Software Review Monitoring 313

ProjectManager.com

JUNE 15, 2021

Project managers plan, budget, monitor and report on the project with project management tools , sometimes pitching the idea of the project or being assigned to it once it’s already been approved. Risk Management. Then there are risks, which are potential problems, ones that have yet to occur or might not ever. Risk management.

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ProjectManager.com

MARCH 9, 2022

Let’s take some time to define what a stakeholder is, examples of stakeholders and free stakeholder templates that can help with stakeholder management. ProjectManager is a cloud-based work and project management software that has real-time dashboards that monitor six project metrics. Stakeholder Examples. Learn More!

Software Review 504

Software Review Influencer Government Governance 504

ProjectManager.com

OCTOBER 31, 2023

We’ll also explain some best practices, provide an example to better illustrate what a bug report is and let you download a free bug report template to get started. Bug Report Example There are endless possibilities when it comes to bug report examples. Here are a few examples of bugs in software testing.

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Software Review Software Developers Software Development Software 345

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

ProjectManager.com

DECEMBER 2, 2020

Risk is always present. If we were to try and avoid all risks, it would be paralyzing—not to mention impossible. As you might imagine, there’s a process in project management that addresses risk and how to deal with it. It’s called risk mitigation. No project plan is complete without a solid risk mitigation plan.

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ProjectManager.com

NOVEMBER 8, 2023

Once you set a baseline, then you can monitor schedule and cost variance in real time to help keep your project on track. Decision Matrix Example To make a decision matrix more understandable, let’s explore a made-up scenario in which one would be used. For example, if cost is the paramount consideration, then the weight would be five.

Manufacturing 338

Manufacturing Monitoring Software Defining 338

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.

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Risk Software Review Technical Review Risk Management 411

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.

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Risk Underperforming Technical Team Risk Management Technical Review 396

ProjectManager.com

JULY 21, 2022

Construction management at risk, also known as CM at Risk or CMAR, is a construction management approach that’s been gaining popularity. But that doesn’t mean CM at risk is right for you as there are pros and cons to this innovative approach. What Is Construction Management at Risk? CM at Risk Pros & Cons.

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Construction Risk Management Risk Infrastructure 307

ProjectManager.com

AUGUST 22, 2024

Risks are a bit different than issues; risks are issues that haven’t happened yet. By identifying what risks are probable, you can prepare for them and have a response in place if and when they show up in your project. That’s called risk or issue management. Risks are the potential problems lurking in your project.

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Software Review Risk Management Risk Technical Review 443

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

ProjectManager.com

APRIL 4, 2023

Item Description Next is the item description, for example, “paint” would describe an item. For example, a gallon of paint might cost $5 while the painters are contracted at $25 per hour. Bill of Quantities Example To better illustrate what a bill of quantities is, let’s take a look at a simple construction project.

Construction 277

Construction Software Review Executing Engineering 277

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. Without the ability to identify and monitor project risks, customers can’t prepare for the unexpected.

Risk Management 307

Risk Management Risk Infrastructure Monitoring 307

ProjectManager.com

AUGUST 15, 2023

We’ll go over all, plus explain when to use job costing and provide an example of job costing to make sure the definition is clear. Related: 10 Free Manufacturing Excel Templates Job Costing Example To better understand job costing, let’s move from the abstract to a practical example. What Is Job Costing?

Manufacturing 286

Manufacturing Construction Estimate Project Cost 286

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. Consider using this syntax: Cause -> Risk -> Impact. ” Risk Owner. Risk Score.

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Risk Risk Management Technical Review Information Technology 342

ProjectManager.com

JUNE 30, 2021

This includes building a roadmap to schedule activities and monitoring the progress to make sure it’s staying on track. Construction project managers monitor costs throughout the life cycle of the project. Managing Risk. Identify, track and resolve risks. Monitor progress and performance. Staying on Budget.

Construction 334

Construction Certification Budget Logistics 334

Project Risk Coach

NOVEMBER 30, 2021

Some project managers make a big fuss over risk management. The presentation included what we were doing for enterprise risk management. Companies may regularly identify, analyze, and respond to risks. We have a risk management plan. So, let’s review the risk management processes and see how we can improve the results.

Risk Management 195

Risk Management Risk Underperforming Technical Team Monitoring 195

ProjectManager.com

MAY 10, 2022

Let’s take a closer look at the types of contract manufacturing and some examples of how it works! Contract Manufacturing Examples. Here are some other examples of contract manufacturing in a few different industries: Manufacturing Industry. For example, drug development can be very costly and is often outsourced.

Manufacturing 195

Manufacturing Underperforming Technical Team Software Review Monitoring 195

ProjectManager.com

NOVEMBER 19, 2024

Any project manager with even a little experience knows that rarely are plans executed without a hitch, which is why a project review process is an essential part of the monitoring and control phase of the project life cycle. It does this by identifying issues, such as challenges, risks or obstacles that might hinder the project’s success.

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Software Review Process Project Life Cycle Risk Management 248

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. But, it doesn't have to be that way.

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