Project Risk Coach

JANUARY 21, 2019

If you say the word “risk” to ten people, each person may think of something different— insurance, threats, investments, bets, or potential loss. As we manage project teams, it's critical that you and your team members have a common understanding of what project risk means. Next, agree on a definition for project risk.

Risk 331

Risk Risk Management Defining Planning 331

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. Often project managers start with a splash. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. When to Identify Risks.

Risk 306

Risk Software Review Risk Management Energy 306

Rebel’s Guide to PM

SEPTEMBER 1, 2024

I’ve been managing projects for over 20 years and many of my projects and programs have had periods of Red… sometimes for a long time! Or some other criteria as defined in your project management process internally, that specifies what Red means for you. Don’t be that project manager! Assess the level of risk. It happens.

Underperforming Technical Team 360

Underperforming Technical Team PMO Government Governance 360

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 reassessment.

Controlling 290

Controlling Risk Technical Review Performance Measurement 290

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.

PMI 221

PMI Risk Management Risk Underperforming Technical Team 221

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?

Monitoring 207

Monitoring Risk Management Risk Controlling 207

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. As a manager, you're in a good place to support their goals, even if they don't directly report to you. And it makes work more fun.

2014 345

2014 Energy Innovation Construction 345

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

AUGUST 9, 2021

Project managers should work closely with their project sponsor to develop an agenda for the project kickoff meeting.

Underperforming Technical Team 397

Underperforming Technical Team Initiating Risk Management Closing 397

Project Risk Coach

MAY 24, 2021

Many project managers feel overwhelmed with emails, phone calls, and meetings. Although we are all given the same amount of time each day, some project managers are able to produce greater value for their organizations. Problem #1: I am spending more time managing issues than managing upcoming project activities.

Underperforming Technical Team 397

Underperforming Technical Team Energy Risk Management Risk 397

Rebel’s Guide to PM

JULY 12, 2024

I've seen project managers and other colleagues crash and burn. Lots of senior managers. There is a reason that project management has a code of ethics. If you need to handover work to your manager , then make sure you're doing that quickly and with all the relevant details. He seemed keen and we set up a meeting.

Underperforming Technical Team 301

Underperforming Technical Team Software Review Technical Review Leadership 301

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. If you are preparing for the PMP or PMI-RMP exam, this exercise will certainly be helpful. Secondary risk.

Risk Management 150

Risk Management Risk PMI Executing 150

Project Risk Coach

OCTOBER 23, 2021

Some project managers have a defensive mindset. 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. Table Of Contents.

Underperforming Technical Team 363

Underperforming Technical Team Project Life Cycle Risk Management Risk 363

Project Risk Coach

JULY 5, 2017

I have had the privilege of managing two PMOs, both composed of several project managers. It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. Rather, they had a habit of reevaluating their projects with an eye toward new risks.

Risk 255

Risk Risk Management Initiating Planning 255

Project Risk Coach

JUNE 17, 2016

Mark Langley, President and CEO of the Project Management Institute (PMI), penned a great article entitled Using Project Management to Reduce Risk. Indeed, “high-performing companies manage risk in conjunction with projects and programs far more often than low performers do.” Next, educate your leaders.

Risk Management 150

Risk Management Risk Influencer PMI 150

Rebel’s Guide to PM

APRIL 10, 2023

Keeping track of problems on projects is really important if you want to come across as a professional project manager. I use an issues log (it’s an Excel spreadsheet) to make sure I record, remember and manage all the issues on my projects. Why not plan for them just in case on your risk register? Do you want it too?

Technical Review 433

Technical Review Risk Management Budget Risk 433

LiquidPlanner

MAY 24, 2022

If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. Risk is not solved with a calculation. Are there unexpected risks now emerging?

Risk Management 158

Risk Management Risk 2003 2007 158

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

JUNE 28, 2021

Use your interpersonal skills to influence the resource manager and others who select the team members. Encourage collaboration early by facilitating team discussions, problem-solving, and brainstorming exercises. The post How to Improve the Performance of Your Project Teams appeared first on Project Risk Coach. How About You?

Influencer 397

Influencer Executing Risk Management Initiating 397

ProjectManager.com

APRIL 10, 2019

That description can also fit your typical project manager, which makes sense because launching a business is a project. The second difference is that few entrepreneurs have training in project management. So, managing the project that is launching a new business can be a little haphazard! De-Risk Your Business.

Risk Management 399

Risk Management Controlling Agile Energy 399

Rebel’s Guide to PM

SEPTEMBER 27, 2017

This article, 10 Things New Project Managers Should Know , first appeared on Girl's Guide to PM. It would be nice to think that every company has a formal mentoring scheme, and that you can tap into the experience of other project managers through this. Manage Scope. Project management has a lot of jargon.

Underperforming Technical Team 419

Underperforming Technical Team Risk Management Certification Risk 419

Project Risk Coach

FEBRUARY 14, 2022

I have had the privilege of managing three Project Management Offices (PMOs), composed of several project managers. 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.

Risk 221

Risk Risk Management Initiating Planning 221

ProjectManager.com

MAY 19, 2022

Project execution’s key purpose is to complete the work defined in the project management plan and to meet key project objectives. During this phase a project leader will focus on these key processes: Managing people. When you’re executing a project, you need to manage a lot of things: resources, costs, schedule and more.

Executing 516

Executing Project Life Cycle Software Review Technical Review 516

Rebel’s Guide to PM

APRIL 1, 2019

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide – Sixth Edition. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. So how many knowledge areas are there in project management?

PMI 405

PMI Risk Management Risk Estimate 405

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

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. Note the difference between a premortem and a typical risk assessment or critique. Benefits and Risks. It’s not approached as an abstraction.

Software Review 355

Software Review Risk Management Risk Monitoring 355

Project Risk Coach

APRIL 18, 2021

One of the reasons that project managers fail to properly estimate their projects is they miss key activities when developing their schedules. Whether we are creating a Pixar movie , a building, a highway, or a service center, wise project managers break down their projects into pieces. Why does this happen?

Estimate 397

Estimate Risk Management Initiating Defining 397

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. The better risk management is handled in your project, the greater the probability of success, all other things being equal.

Risk 203

Risk Underperforming Technical Team Government Governance 203

Project Risk Coach

MAY 3, 2021

Brainstorming A senior leader asked Jane to manage a project to implement a new insurance policy administration system. 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.

Estimate 370

Estimate Finance Budget Risk Management 370

ProjectManager.com

JUNE 16, 2021

Monitor, track and report on the solution: Project management software can facilitate this step. 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. The root cause is the methodology that has not properly managed the project.

Monitoring 546

Monitoring Sustainability Defining Process 546

Rebel’s Guide to PM

NOVEMBER 4, 2022

Project management has so many challenges to solve every day, so having a toolbox of techniques (and the right attitude) will help you deliver projects successfully. Given that it deals with the big problems facing organizations, I think the course is best for senior project managers, program managers, and portfolio leaders.

PMI 462

PMI Technical Review 2021 Underperforming Technical Team 462

Rebel’s Guide to PM

JULY 19, 2021

The easier part is always implementing that decision – after all, isn’t that what project managers do? As a project manager, you will be used to making multiple decisions on a daily basis. Some of the most common decisions for project managers are related to cost, scope, resources, and schedule. We would delay the pilot.

Process 468

Process Software Review Monitoring Risk Management 468

Rebel’s Guide to PM

MAY 31, 2023

Project managers know that cooperation boosts productivity on projects and is beneficial in a team environment. Teamwork ensures that resources are well-managed and less time is needed to complete a project. And if that wasn’t enough, here are 10 reasons why teamwork is vital to effective project management.

Risk Management 343

Risk Management Leadership Risk Innovation 343

Rebel’s Guide to PM

JUNE 25, 2020

Are you biased as a project manager? In this article we’ll talk about the different types of bias in project management. A project manager is the linchpin of a successful project. Let’s look at what heuristics and biases exist in management and what we can do to reduce their impact on our projects.

Technical Review 493

Technical Review 2007 Finance Estimate 493

Rebel’s Guide to PM

JANUARY 8, 2024

It would be nice to think that every company has a formal mentoring scheme , and that as a new project manager you can tap into the experience of more experienced people. As a result, people managing projects for the first time often find themselves making mistakes. Learn the vocab Project management has a lot of jargon.

Underperforming Technical Team 368

Underperforming Technical Team Risk Management Risk Controlling 368

Project Risk Coach

FEBRUARY 14, 2022

I have had the privilege of managing three Project Management Offices (PMOs), composed of several project managers. 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.

Risk 195

Risk Risk Management Initiating Planning 195