Project Risk Coach

JUNE 19, 2017

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. How can project managers optimize their risk responses and get the results they are looking for? Risk Control Tools and Techniques.

Controlling 290

Controlling Risk Technical Review Performance Measurement 290

Rebel’s Guide to PM

AUGUST 5, 2024

Identify and manage risks Do your stakeholders disagree on something? The exercise of completing the register will lead you to have a number of interesting conversations and you might find risks drop out of those. Have you spotted any conflicting requirements or deliverable requests for things you won’t actually be delivering?

Prince2 315

Prince2 Influencer Energy Consulting 315

Kiron Bondale

MARCH 3, 2019

A student in a project management class I taught shared the concern that it was very hard for her to get risk responses implemented. Acceptance is a risk response strategy, but project managers are not supposed to just report on accidents, they are expected to prevent them. But there’s only so much that they can do by themselves.

Risk Management 273

Risk Management Change Management Risk PMI 273

Rebel’s Guide to PM

JULY 2, 2024

It turns your work from average to outstanding, fixes problems, anticipates risks , and delivers better products and services, supporting the creation of superior solutions for customers and businesses. Creativity is the cornerstone of innovation. And it makes work more fun. So how can you put more creativity into your work day?

2014 339

2014 Energy Innovation Construction 339

Rebel’s Guide to PM

SEPTEMBER 1, 2024

That might mean they have things to do as well, for example, they might need to lead a replanning exercise. Assess the level of risk. Let them know that there are governance hoops to jump through and that you’ll be escalating the problem, with a view to securing support to keep the project moving forward.

Underperforming Technical Team 354

Underperforming Technical Team PMO Governance Government 354

Project Risk Coach

AUGUST 9, 2021

For example, for the team exercise, the project manager may conduct a risk identification exercise or facilitate a work breakdown structure (WBS) exercise. […] The post How to Conduct a Killer Kickoff Meeting appeared first on Project Risk Coach.

Underperforming Technical Team 397

Underperforming Technical Team Initiating Risk Management Closing 397

Project Risk Coach

MAY 24, 2021

Develop a risk management plan – define how you and your teams can identify, evaluate, respond to, and control risks. Teams should take preventative measures to minimize issues and develop contingency plans for risks that may become issues. When asked about his exercise, Tom says, “I don’t have time.”

Underperforming Technical Team 397

Underperforming Technical Team Energy Risk Management Risk 397

Project Risk Coach

JULY 5, 2017

It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. And these individuals did not perform the risk identification just once at the beginning of their projects. Wise project managers know that there are unknown risks lurking in every corner.

Risk 255

Risk Risk Management Initiating Planning 255

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

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

Project Risk Coach

JUNE 28, 2021

Encourage collaboration early by facilitating team discussions, problem-solving, and brainstorming exercises. Lastly, as you plan your next project meeting, use a facilitation technique such as a problem-solving exercise that will improve your team’s interaction. Be intentional in your communication and collaboration. How About You?

Influencer 397

Influencer Executing Risk Management Initiating 397

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. Here are some key factors that you should know about monitoring project risks.

Monitoring 207

Monitoring Risk Management Risk Controlling 207

Project Risk Coach

FEBRUARY 14, 2022

The best project managers were the ones who had a habit of identifying and managing risks. Let's look at three ways you can improve your risk identification and reduce major misses. Wise project managers know that there are unknown risks lurking in every corner. Checklists make risk identification much easier.

Risk 221

Risk Risk Management Initiating Planning 221

Rebel’s Guide to PM

JULY 12, 2024

If you don't talk about problems then you risk hitting your manager with bad news. Not doing the exercise to find out what lessons the team learned when a piece of work is done means you are unable to learn from your mistakes. Not talking about problems Surprises are bad. Project sponsors don't like bad news either.

Underperforming Technical Team 295

Underperforming Technical Team Software Review Technical Review Leadership 295

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.” -Dr.

Risk 186

Risk Risk Management Controlling Closing 186

Rebel’s Guide to PM

APRIL 10, 2023

This is very helpful during a retrospective or lessons learned exercise, because it saves time if you hit similar problems again. The issue register for a similar project can also give you some key risks for future projects — perhaps you’ll see the same problems again? Project Workbook and Budget Tracker $6.00

Technical Review 427

Technical Review Risk Management Budget Risk 427

Inloox

FEBRUARY 2, 2023

Know the risks in your project! Risk management plays an enormously important role in project management. The task here is to identify, analyze, control and ultimately minimize risks. Although some risks can be eliminated with a suitable solution strategy, certain risks can never be completely avoided in the project context.

Risk 203

Risk Underperforming Technical Team Governance Government 203

Project Risk Coach

OCTOBER 23, 2021

3 Is an Opportunity a Risk, Really? Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Consequently, these project managers and team members fail to take advantage of these upside risks. Therefore, negative risks are considered to be threats and positive risks are opportunities.

Underperforming Technical Team 363

Underperforming Technical Team Project Life Cycle Risk Management Risk 363

ProjectManager.com

APRIL 10, 2019

Whichever project you pursue, this exercise will give you marketing gold dust. De-Risk Your Business. Any project manager will remind you the importance of a mature and active approach to evaluating and managing your business risks. What I want to focus on is one specific source of risk: complexity. So, take that as read.

Risk Management 399

Risk Management Controlling Agile Energy 399

Rebel’s Guide to PM

NOVEMBER 4, 2022

Those questions are quite helpful on a smaller scale, too, for example dealing with project risk or unpicking a difficult project issue. It’s full of very practical exercises that you can use in any kind of workshop, whether small groups, large groups, or virtual. To get the most out of the course, you need to do all the exercises.

PMI 459

PMI Technical Review 2021 Underperforming Technical Team 459

Project Risk Coach

MAY 3, 2021

She facilitated the round robin exercise asking each participant for their top three. The post 3 Ways to Improve Cost Estimates with Your Teams appeared first on Project Risk Coach. She continued the second and subsequent rounds until all of the ideas had been captured. Why do the disagreements exist?"

Estimate 370

Estimate Finance Budget Risk Management 370

ProjectManager.com

JUNE 16, 2021

This exercise a deeper dive into the problem and its causes, rather than accepting the first answer, and brings you closer to what is actually causing the problem. ” A: The hybrid methodology has gaps… This question and answer exercise leads to the root cause of the missed deadlines problem. ” over and over again.

Monitoring 546

Monitoring Sustainability Defining Process 546

Project Risk Coach

APRIL 18, 2021

One of the most powerful tools for this exercise is the work breakdown structure (WBS) which is a hierarchical decomposition of the scope of work. The post How to Create a Work Breakdown Structure appeared first on Project Risk Coach. The lowest level is called a work package. Lastly, distribute the WBS to your team for feedback.

Estimate 397

Estimate Risk Management Initiating Defining 397

ProjectManager.com

MAY 19, 2022

Conduct Team-Building Exercises. Team-building exercises is a way to upstart trust, especially for new teams that don’t have a lot of shared experience. You should have developed a risk management plan during the planning phase. Proper execution only occurs when teams work together.

Executing 516

Executing Project Life Cycle Software Review Technical Review 516

NimbleWork

SEPTEMBER 23, 2024

Risk management is a cornerstone of successful project management, yet it’s often treated as an afterthought rather than a strategic imperative. Effective risk mitigation goes beyond simply reacting to problems as they arise; it involves anticipating potential issues and developing strategies to address them proactively.

Risk Management 64

Risk Management Risk Technical Review Underperforming Technical Team 64

Project Risk Coach

FEBRUARY 14, 2022

The best project managers were the ones who had a habit of identifying and managing risks. Let's look at three ways you can improve your risk identification and reduce major misses. Wise project managers know that there are unknown risks lurking in every corner. Checklists make risk identification much easier.

Risk 195

Risk Risk Management Initiating Planning 195

Project Risk Coach

NOVEMBER 21, 2016

8 ways to identify scope risks Some project managers struggle to identify scope risks. Second, individuals may not know HOW to identify scope risks. Either way, the failure to identify (and manage) scope risks can be costly. What are Scope Risks? What are some examples of scope-related risks? Interviews.

Risk 150

Risk Software Review Risk Management Defining 150

Scrum.org

NOVEMBER 6, 2018

Dealing with Technology Uncertainty - The Waterfall Passive/Buffered Risk Management Style. Dealing with Technology Uncertainty - The Agile/Scrum Active Risk Management Style. The Risk Burndown Exercise. The Y axis is "remaining risk/uncertainty" in either the Business/Requirements/Technology domains.

Underperforming Technical Team 166

Underperforming Technical Team Risk SCRUM 2013 166

ProjectManager.com

SEPTEMBER 5, 2019

Project managers know the risks inherent in any project. They spend time considering what might go wrong and setting up a plan to respond to those risks. Risk management is important, of course, but there’s an even more rigorous process that can be done to make sure the project stays on schedule, under budget and delivers quality.

Software Review 355

Software Review Risk Management Risk Monitoring 355

Rebel’s Guide to PM

SEPTEMBER 27, 2017

From baselines to Gantt charts, work breakdown structures to risk sensitivity analysis, there are so many new terms to get to grips with. There’s a risk that someone on the team will keep telling you that everything is on track and it’s only when it is too late to do anything about it that you’ll realise they were wrong. Manage Risk.

Underperforming Technical Team 418

Underperforming Technical Team Risk Management Certification Risk 418

Rebel’s Guide to PM

JANUARY 30, 2024

Employers also see reducing risk as a benefit. In my article on how to convince your boss to go (or stay) remote , I shared research on how 73% of managers reported reduced risk with flexible work, as employees can work regardless of bad weather, illness, and various other factors.

2018 340

2018 Risk Management Energy Risk 340

Rebel’s Guide to PM

JUNE 25, 2020

Afterwards, in a second exercise, students conduct a rigorous stakeholder analysis mitigates and realize that the tension was the result of anchoring heuristics. His specialty is high-risk projects, where he prevents failure or helps projects to recover from failure.

Technical Review 493

Technical Review 2007 Finance Estimate 493

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

SEPTEMBER 13, 2018

By all means, read about what makes a great leader, but temper that cerebral exercise with something you can really sink your teeth into. It’s a great exercise to learn how to work with limitations, and it involves planning , risk-taking and communications, all the basic skills of leading a project. Yes, games. Shape Shifting.

Leadership 75

Leadership Influencer Monitoring Risk Management 75

Rebel’s Guide to PM

MAY 31, 2023

Teamwork encourages risk-taking Working as a team encourages risk-taking. When you shoulder the responsibility yourself, you may be inclined to take fewer risks because the personal and professional consequences of failure. Additionally, risk identification is easier as there are more perspectives to draw from.

Risk Management 337

Risk Management Leadership Risk Innovation 337

Project Risk Coach

MARCH 22, 2021

Turn Conflict into a Problem-Solving Exercise You can help stakeholders resolve the conflict by reframing the conflict as a problem-solving exercise. The post How to Manage Stakeholder Conflict appeared first on Project Risk Coach. There's less likelihood of stakeholders undermining the decisions later.

Influencer 397

Influencer Leadership Risk Management Risk 397

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Risk is not solved with a calculation. Project leaders need to ask: are some foreseen risks not occurring?

Risk Management 158

Risk Management Risk 2003 2007 158