How To, Monitoring and Risk Management - Project Management Update

The Risk Management Process in Project Management

ProjectManager.com

FEBRUARY 26, 2021

It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. But how do you work towards resolving the unknown? What is Risk Management on Projects?

Risk Management

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How to Identify and Manage Emerging Risks

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.

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Project Risk Management: How-to guide (with tips)

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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Construction Risk Management: An Introduction

ProjectManager.com

AUGUST 13, 2021

There is heavy equipment, crews working in precarious situations and complicated logistics to manage. How do you meet your deadline while managing all that risk? The answer is construction risk management. What Is Construction Risk Management? What are the Types of Risk in Construction?

Construction

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What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

NOVEMBER 14, 2022

As a project manager, you constantly juggle a million tasks at once. How can we find a better balance? This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Project Manager What is the primary role of the project manager?

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

DECEMBER 9, 2019

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis.

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8 Free Risk Management Templates for Excel

ProjectManager.com

JANUARY 24, 2023

If there’s one thing you can be certain of when managing a project, it’s change. 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. However, templates can only do so much.

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How to Track Project Progress: Tools & Best Practices

ProjectManager.com

DECEMBER 12, 2024

Managing a project isn’t an abstract concept. The earlier problems are spotted, the easier it is to implement corrective measures and reduce risk. ProjectManager is online project management software that has robust Gantt charts on which you can link all four types of task dependencies and even filter for the critical path.

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Risk Response Plan in Project Management: Key Strategies & Tips

ProjectManager.com

OCTOBER 20, 2021

There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. It’s no wonder so much of project management is focused on risk! What is a Project Risk? Negative risk?

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How to Write Results-Oriented Goals

Project Risk Coach

NOVEMBER 23, 2020

Let's look at how to write results-oriented goals. How to Write Results-Oriented Goals When writing goals, consider the desired business results, not the actions or activities required to get the results. Train the customer service managers on the call center software by the end of the third quarter, 20XX. Not necessarily.

Software Review

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Project Review Process: A How-to Guide

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. We define the term and list the types before going into how to conduct a project management review.

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How to Make a Control Plan in Manufacturing

ProjectManager.com

JUNE 6, 2024

A control plan is a document describing everything from measurements, inspections, quality checks or monitoring process parameters required at each phase of a process to ensure that the process outputs conform to the requirements. A control plan is more efficient when scheduled in project management software. What Is a Control Plan?

Manufacturing

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How to Communicate Risks

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. How would you like for me to communicate with you? As risks are identified, assign a risk owner.

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How to Write a Business Case

ProjectManager.com

DECEMBER 19, 2019

Stakeholders: Whether they’re clients, vendors, upper management, departmental leaders or other contributors to the project, meet with them. Don’t forget to include a risk management plan. Monitor Progress: Have a plan in place to monitor and track your progress during the project to compare planned to actual progress.

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Benefits Management for Projects: How to Make a Benefits Management Plan

ProjectManager.com

MAY 11, 2021

Identifying, describing and measuring these benefits is called benefits management. Having a benefits management plan lets project managers maximize these outcomes for the organization and stakeholders, and it’s part of any successful project management plan. What Is Benefits Management? Try it for yourself today!

Planning

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How to Use Resource Tracking Software for Projects

ProjectManager.com

SEPTEMBER 11, 2024

When you initially learn about resource tracking, you might wonder how it differs from project management. While there are similarities between the two, resource tracking helps support the project management process. That’s why having resource-tracking software is key to managing a successful project.

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What Is a Risk Register & How to Create One

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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How to Make an IT Disaster Recovery Plan

ProjectManager.com

NOVEMBER 25, 2020

The advantages have been detailed, but the risks are not always self-evident as people uncritically embrace the new. How to Make an IT Disaster Recovery Plan. This will include having a team leader and a management team responsible for the process. IT Risk Assessment Template. They break and fail all the time.

Planning

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How to Conduct a Change Readiness Assessment (Template Included)

ProjectManager.com

JULY 3, 2024

When managing projects, change management helps to avoid its negative effects, and a change readiness assessment is one of the ways how it does this. Being prepared for change helps to mitigate the risks associated with those changes. It might be a cliche, but those who ignore it are doomed to learn a lesson the hard way.

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How to Manage Your Project Pipeline With Software

ProjectManager.com

JANUARY 16, 2024

When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. We’ll get to that in a moment as well as define project pipeline management. ProjectManager’s roadmaps help you manage your project pipeline.

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How to Cash In on Project Opportunities

Project Risk Coach

OCTOBER 23, 2021

Some project managers have a defensive mindset. 3 Is an Opportunity a Risk, Really? 4 How to Get Started 5 Tools for Identifying Opportunities 6 Think Outside the Box 7 Where Will You Capture Opportunities? 8 Evaluating Opportunities 9 Responding to Opportunities 10 Monitoring Opportunities. Table Of Contents.

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What Is a RAID Log and Why Should I Use One?

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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How to Build a Risk Culture in Your Team

ProjectManager.com

AUGUST 22, 2023

What Is Risk Culture? Risk culture is simply an organization’s employee’s awareness, attitudes and behaviors towards risk and how they’ll manage it. An organization that has a risk culture simply means they’re prepared for identifying, managing and mitigating risks as issues arise in their work.

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Project Kickoff Meeting: How to Write a Kickoff Meeting Agenda

ProjectManager.com

DECEMBER 2, 2021

Project managers put a lot of time and effort into researching the viability of their project. A kickoff meeting is usually led by the project manager. In the meeting, the project manager explains the project scope, background information and project timeline to the team. That’s why a kickoff meeting is so important.

Underperforming Technical Team

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How to Make a Gantt Chart in Google Docs (Template Included)

ProjectManager.com

JUNE 12, 2024

ProjectManager is award-winning project and portfolio management software with powerful Gantt charts that have features to create a visual project schedule, assign work to your team members, monitor their progress and much more. Now, let’s learn how to make a Gantt chart in Google Docs.

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Project Prioritization: How to Prioritize Projects & Strategy

ProjectManager.com

OCTOBER 6, 2022

This can be done through several project prioritization methods that allow portfolio managers to assess the feasibility, impact and potential value of a project. Program managers, portfolio managers and PMOs are responsible for prioritizing projects. Project Prioritization Process: How to Prioritize Projects in 4 Steps.

PMO

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How to Calculate Total Manufacturing Cost

ProjectManager.com

SEPTEMBER 19, 2023

Before work hits the production line, one must know how to calculate manufacturing cost. We’ll get to how to calculate the manufacturing cost of production and delivery, but just as important is the ability to track those costs throughout the life cycle of your production to ensure you’re operating within your budget.

Manufacturing

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How to Create a Timeline in Excel (Free Templates Included)

ProjectManager.com

APRIL 16, 2024

Learn how to create a timeline that can be used to visualize how tasks or projects will be executed over time, identify who will be responsible for completing them and identify milestones and deliverables. Get your free Timeline Template Use this free Timeline Template for Excel to manage your projects better.

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IT Asset Management: How to Manage Your IT Assets

ProjectManager.com

OCTOBER 25, 2023

IT asset management is how businesses make sure those IT resources are being efficiently used. But what is an asset in IT and what does IT asset management mean? Then we’ll explain the IT asset management process, including what an IT asset manager does and more. What Is IT Asset Management?

Infrastructure

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How to Manage Project Environment from Initiation to Close

ProjectManager.com

OCTOBER 14, 2021

Managing a project is difficult. You need to be aware of the project environment and prepare for its influence on your project throughout the project management life cycle. A project environment is all the internal and external forces that exert on your project management. It’s sort of like managing risk in that way.

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How to Create a Project Execution Plan (PEP) – Free Template Included

ProjectManager.com

JANUARY 6, 2022

A project execution plan is a document for executing projects that helps you strategize, come up with project management processes and put the whole thing into action. Needless to add, it’s an essential project management document. A project execution plan is a document used to define how you will execute a project.

Executing

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How to Manage a Residential Construction Project

ProjectManager.com

NOVEMBER 15, 2023

Before we get into the management of a residential construction project, we’ll explore the meaning of residential construction and examples of the two major types of residential construction. We’ll also define the key areas of residential construction and how residential construction differs from commercial construction.

Construction

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How to Create an Event Budget

ProjectManager.com

NOVEMBER 22, 2022

Prices for things change and there’s an inherent risk in putting together an event that can impact your budget. Creating and managing a budget is one of the most important parts of delivering a successful event. Monitoring costs in real time helps you stay on budget. How to Create an Event Budget. Learn more.

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How to Manage Ad-Hoc Projects and Ad-Hoc Requests

ProjectManager.com

DECEMBER 8, 2021

How do you deal with these ad-hoc requests? Ad-hoc projects and ad-hoc requests will occur in project management and you need to know how to deal with them. That’s one of the things that differentiate an ad-hoc project from a traditional project in project management. How to Manage Ad-Hoc Projects: 5 Best Practices.

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How to Make a Maintenance Schedule (Template Included)

ProjectManager.com

APRIL 5, 2024

Learn how to create a maintenance schedule and download a free maintenance schedule template to get started. Read about the benefits of an effective maintenance schedule and see how a maintenance plan can help a diverse group of industries. Project management software can help organizations keep to their maintenance schedule.

Manufacturing

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How to Improve the Warehouse Operations of Your Organization

ProjectManager.com

MAY 1, 2024

Warehouse management ensures that stock matches customer demand. To understand effective warehouse operations, you must first be clear on the warehouse operations process and how it plays into the larger warehouse operations management. Read about that and how to improve the efficiency of warehouse operations.

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How to Write a Business Case (Template Included)

ProjectManager.com

JULY 5, 2022

A business case is a project management document that explains how the benefits of a project overweigh its costs and why it should be executed. How to Write A Business Case. The following four steps will show you how to write a business case: Step 1: Identify the Business Problem. What Is a Business Case?

Underperforming Technical Team

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Resource Analysis in Project Management: Steps & Free Templates

ProjectManager.com

SEPTEMBER 10, 2024

This means that resource analysis in project management is the process that project managers use to help them determine the availability of resources, allocate those resources effectively and identify potential constraints. To better understand resource capacity, project managers will evaluate capability analysis and workload capacity.

Software Review

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Project Health: How to Keep Your Project Healthy

ProjectManager.com

AUGUST 23, 2023

To understand what project health is let’s define it and the areas that should be monitored to make sure your project is healthy. As we’ll see in a moment, this requires a close monitoring of various elements of the project. Project management software acts as the thermometer for the project. What Is Project Health? Learn more.

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Cost-Plus Contract: How to Use One

ProjectManager.com

MAY 28, 2021

Imagine you’re building something conceptual, but you only have a general idea of how to do so. The old saying is true: no risk, no reward. Pricing changes all the time, and this way there’s no risk of paying more than something is worth. and your project management software. One of these is called a cost-plus contract.

Construction

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15 Project Management Challenges & How to Overcome Them

ProjectManager.com

AUGUST 15, 2023

Project management is all about solving problems before they happen. That’s why you make a plan, schedule tasks and monitor the work to make sure you’re staying on track. Let’s look at 15 project management challenges and how to deal with them. Identifying Project Risks Projects are risky endeavors.

Estimate

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How to Be a Project Management Consultant

ProjectManager.com

JULY 20, 2023

Project management consultants don’t only add value to a project, but they can help introduce project management processes to any team. It’s a great career transition for current project managers to consider. What Is a Project Management Consultant? What Is a Project Management Consultant?

Consulting

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A Quick Guide to KPI Dashboards (Examples and Templates Included)

ProjectManager.com

AUGUST 14, 2024

Executing a plan, whether a project or a larger organizational strategy, is pointless without monitoring its progress and performance. Expecting everything to fall into place ignores inevitable risks and changes when abstract plans live in the real world. This is why managers use a KPI dashboard to stay on track.

Software Review

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How to Use a Project Decision Log for Optimal Results

ProjectManager.com

FEBRUARY 2, 2022

Project managers use a decision log to keep stakeholders updated on who authorized a decision and how it came about. A decision log is a critical communication tool that all project managers need to understand. You can use project management software , templates or simply a notepad to track decisions.

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The Risk Management Process in Project Management

How to Identify and Manage Emerging Risks

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Project Risk Management: How-to guide (with tips)

Webinars

Construction Risk Management: An Introduction

What are the Risk Management Roles in Projects and Programs?

Risk Analysis 101: How to Analyze Project Risk

8 Free Risk Management Templates for Excel

How to Track Project Progress: Tools & Best Practices

Risk Response Plan in Project Management: Key Strategies & Tips

How to Write Results-Oriented Goals

Project Review Process: A How-to Guide

How to Make a Control Plan in Manufacturing

How to Communicate Risks

How to Write a Business Case

Benefits Management for Projects: How to Make a Benefits Management Plan

How to Use Resource Tracking Software for Projects

What Is a Risk Register & How to Create One

How to Make an IT Disaster Recovery Plan

How to Conduct a Change Readiness Assessment (Template Included)

How to Manage Your Project Pipeline With Software

How to Cash In on Project Opportunities

What Is a RAID Log and Why Should I Use One?

How to Build a Risk Culture in Your Team

Project Kickoff Meeting: How to Write a Kickoff Meeting Agenda

How to Make a Gantt Chart in Google Docs (Template Included)

Project Prioritization: How to Prioritize Projects & Strategy

How to Calculate Total Manufacturing Cost

How to Create a Timeline in Excel (Free Templates Included)

IT Asset Management: How to Manage Your IT Assets

How to Manage Project Environment from Initiation to Close

How to Create a Project Execution Plan (PEP) – Free Template Included

How to Manage a Residential Construction Project

How to Create an Event Budget

How to Manage Ad-Hoc Projects and Ad-Hoc Requests

How to Make a Maintenance Schedule (Template Included)

How to Improve the Warehouse Operations of Your Organization

How to Write a Business Case (Template Included)

Resource Analysis in Project Management: Steps & Free Templates

Project Health: How to Keep Your Project Healthy

Cost-Plus Contract: How to Use One

15 Project Management Challenges & How to Overcome Them

How to Be a Project Management Consultant

A Quick Guide to KPI Dashboards (Examples and Templates Included)

How to Use a Project Decision Log for Optimal Results

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