Risk Management and AI
Musings on Project Management
FEBRUARY 7, 2024
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are
Interim Investing and ESG: The Evolution of Investment Strategies in Projects
Green Project Management
MAY 13, 2024
In recent years, Environmental, Social, and Governance (ESG) criteria have rapidly moved from the fringes to the forefront of global investment strategies, profoundly influencing how projects are evaluated, financed, and implemented.
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Risk Management and AI Algorithms: Be in Control of Your Projects
The IIL Blog
FEBRUARY 28, 2024
By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?
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PMBOK® Seventh Edition Principles and Risk Management
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.
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The Power of Storytelling in Risk Management
Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC
Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders.
New: Risk Management framework for AI
Musings on Project Management
MARCH 7, 2023
NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I. AI systems are designed
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Seven Project Management Influencers to Watch
Project Risk Coach
OCTOBER 9, 2017
Up your game with new project management resources If you had to pick a few people who are helping you grow and mature as a project manager, who would those people be? Perhaps these individuals are influencing you through a blog, online videos, online courses, or books. Susanne Madsen. Susanne Madsen. Elizabeth Harrin.
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Change management helps when implementing risk responses
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.
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How to Be a Project Risk Management Evangelist
Project Risk Coach
JANUARY 20, 2020
The Project Management Institute says, "high-performing companies manage risk in conjunction with projects and programs far more often than low performers do." How can you help your company manage risks and become a high performer? Let's look at ways to become a project risk management evangelist.
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Managing Risk from Every Level of Your Organization
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?
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IT Risk Management Strategies and Best Practices
ProjectManager.com
JANUARY 21, 2019
It’s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video. In Review – IT Risk Management Strategies and Best Practices. What is IT Risk Management?
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Qualitative Risk Analysis for Beginner Level Project Managers
nTask
OCTOBER 4, 2022
To deal with risks successfully, each project manager should develop and implement a risk management strategy, plan, and tools at the start of each project. Mostly, People are bad at assessing risk. They allow biases to influence their decisions or emotions to stymie decision-making processes.
Navigating External Factors in Small Business Risk Management
Proofhub
JUNE 20, 2023
Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. Internal risk factors are those that are under a company’s control, while external risk variables are those that are beyond its control.
Seven Project Management Influencers to Watch
Project Risk Coach
OCTOBER 9, 2017
Up your game with new project management resources If you had to pick a few people who are helping you grow and mature as a project manager, who would those people be? Perhaps these individuals are influencing you through a blog, online videos, online courses, or books. Susanne Madsen. Susanne Madsen. Elizabeth Harrin.
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Organizational Process Assets: What does that even mean?
Rebel’s Guide to PM
MAY 7, 2023
Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. I’ll confess: when I started out as a project manager, this was a piece of jargon that honestly didn’t mean much at all? But what is an organizational process asset (OPA)? Think intranet or policy library.
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How to Be a Powerful Risk Management Evangelist
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.” Educate stakeholders.
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150 6 Easy Ways to Manage Group Think and Risk at Work
Rebel’s Guide to PM
MAY 9, 2018
It’s an edited extract from his book Risk Happens ! Group Think Introduces Risk. Therefore, with dissent discouraged, groups tend to endorse higher risk decisions than individuals would. Risky shift is the difference between the average risk taken by individuals and the risk taken by the group.
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Is the triple constraint in project management still relevant? (Spoiler: No!)
Rebel’s Guide to PM
MARCH 31, 2024
The most commonly used planning constraint method in project management was historically the “triple constraint” – time, cost and scope – sometimes known as the project management triangle or the “iron triangle” because it’s often shown as a triangle with the constraints at each vertex. What is the Triple Constraint?
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Importance of Scenario Planning and Analysis in Business
ProjectManager.com
MAY 16, 2024
Then we’ll explore scenario planning in business and project management before explaining the steps that must be taken to use this process. By using regular and consistent scenario planning, organizations can better allocate resources successfully, mitigate risk and decrease production costs. What Is Scenario Planning?
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The Virtuous Cycle of Trust and Influence
Leading Agile
MAY 11, 2021
In today’s environment, organizations are striving for business Agility, or else they risk being put out of business. In today’s blog, a continuation of the first in this two-part series, we’ll talk about building trust and influence, and initiating the trust-influence loop. If there is no risk, there is no need to trust.
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PMOs Shifting from Watchdogs to Strategic Enablers
Project Risk Coach
FEBRUARY 7, 2022
Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. Management sees it as a way to give oversight to all the programs and projects. Third, some PMO managers lack authority and relational influence in the organization.
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Implementing AI in your projects: how to start and improve
Rebel’s Guide to PM
NOVEMBER 16, 2023
In our annual global survey , one in five (21 percent) respondents say they are using AI always or often in project management. For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk.
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Why you need to engage stakeholders (and how to do it well)
Rebel’s Guide to PM
AUGUST 9, 2021
Early on in my career, I had a call from the post room manager. We define it like this: The systematic identification, analysis, planning and implementation of actions designed to influence stakeholders. You probably don’t need to be told of the risks of not engaging stakeholders. Beyond the interest and influence grid.
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How to Fix 5 Project Management Skills Gaps
Rebel’s Guide to PM
FEBRUARY 12, 2024
As a project manager, you are expected to have all-round skills encompassing the technical fields of project management like planning and scheduling, through to the interpersonal skills like communicating up and influencing others. Learn how to help your team manage risk so you can split the work between you.
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Influencing the eternal optimism of a delivery team
Kiron Bondale
MAY 26, 2019
If it is a team which regularly completes more work than was forecast, this could be the result of traditional management oversight causing team members to act very cautiously when estimating their work. Poor risk management. So what happens when a team consistently misses their iteration forecasts by a significant margin?
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What’s the Risk Analysis Process in Project Management? – Clarizen
Planview
JULY 29, 2021
Risk management is one of the core project knowledge areas, an essential and ongoing process which can be described as the methodical process of identification, analysis and response to project risks involving several major phases which are similar to all projects. The Risk Analysis Process in Project Management.
15 Non-Academic Project Management Books to Earn PDUs
Rebel’s Guide to PM
SEPTEMBER 26, 2023
You can earn PDUs (professional development units) for ongoing certification renewal, such as for the Project Management Professional (PMP)®, from reading. I’ve read, I’m guessing, over 150 management books in my career, and you can read my book reviews if you want to trawl through the archives. What books qualify for PDUs?
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Book review: Risk Happens
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? It won’t.
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4 Unusual Reasons Why Stakeholder Management Is Important
Rebel’s Guide to PM
FEBRUARY 13, 2023
Table of Contents Why is stakeholder management important to project success? What is stakeholder management? Reduce and Uncover Risk 3. Easier Project Closure Why is stakeholder management important to project success? What is stakeholder management? Your stakeholders can also help you identify new risks.
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Six Essential Requirements of an Influencing Strategy
Project Risk Coach
JULY 27, 2016
This is a guest post from Colin Gautrey, an author, trainer and executive coach who has specialized in the field of power and influence for over ten years. He combines solid research with deep personal experience in corporate life to offer his audiences critical yet simple insights into how to achieve results with greater influence.
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8 Ways You Can Better Respond to Unrealistic Demands
Project Risk Coach
JUNE 14, 2021
This is a guest post from Colin Gautrey , an author, trainer and executive coach who has specialized in the field of power and influence for over ten years. He combines solid research with deep personal experience in corporate life to offer his audiences critical yet simple insights into how to achieve results with greater influence.
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10 Things Successful Project Managers Never Tolerate
Project Risk Coach
MAY 24, 2022
Project managers are not just managers. Project managers shape and influence their project culture for good or bad. However, project managers must be deliberate in what we will tolerate and what we will not tolerate. Project managers must refuse to tolerate things that cause disorder, degradation, and uncertainty.
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The Death of Project Management
Rebel’s Guide to PM
SEPTEMBER 20, 2020
I am reminded of the zombie movie each time I have a discussion about project management versus project leadership. Leadership is that branch of management concerning the development, nurturing and utilization of influence as way of motivating others to some end or objective.
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How To Manage Your First Meeting With A Project Sponsor
Rebel’s Guide to PM
MAY 20, 2022
I asked five project managers to share what they do in that first conversation with their project sponsor. One of the best training courses I attended for Project Management was on influencing strategies with Learning Tree. The course model stated that without trust, influence is almost impossible. Learn about them.
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The Stakeholder Salience Model and How to Use It
Rebel’s Guide to PM
AUGUST 3, 2021
They define salience as: the degree to which managers give priority to competing stakeholder claims. Project stakeholder management and saliency. Project management relies on people: you need the project team to get things done, and that team might include members of different stakeholder groups. Things that can’t wait?
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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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323 Using SWOT Analysis for Risk Identification and Risk Management
nTask
NOVEMBER 12, 2018
Gary David Cohn once said, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”. Project manager or not – professionals on all levels have to interact with researching, identifying, and resolving risks. Risk Identification Techniques.
Risk Matrix Analysis in Project Management – ActiveCollab
ActiveCollab
AUGUST 18, 2022
Risk is one of the aspects that can impact timeline, budget, scope, and project resources, and there is no way of knowing when it will happen. We can't predict the risks, but we can proactively prepare for them. Implementing efficient risk management methods, such as risk matrix, help us avoid potential damage.
9 Essential Project Management Competencies
Rebel’s Guide to PM
JUNE 16, 2021
I don’t have the time (or the requirement) to take a certification course, but I’m always prepared to develop the project management competencies I need to succeed. In this article we’ll talk about the top competencies for project managers and how you can develop your skills. 9 Competencies You Need as a Project Manager Today.
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What Is a Stakeholder? Definitions, Types & Examples
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. Stakeholders are very important because they can have a positive or negative influence on the project with their decisions. There’s more than one answer to that question.
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Project Management Apprenticeships: A UK Guide
Rebel’s Guide to PM
APRIL 18, 2024
I have mentored project managers for years, and recently, more of my mentees have been going through project management apprenticeships. Maybe an apprenticeship in project management would be the right career move for you? Maybe an apprenticeship in project management would be the right career move for you?
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Stakeholder Mapping 101: A Quick Guide to Stakeholder Maps
ProjectManager.com
APRIL 22, 2021
More than just being able to identify who the stakeholders are in the project, you need to manage them. That is the beginning of stakeholder management, and it starts with stakeholder mapping. Map your stakeholders and keep them in the loop with ProjectManager.com’s project management features. It’s a big task.
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How to list project management skills on your resume
Rebel’s Guide to PM
OCTOBER 1, 2023
When I brainstormed a list of project management skills to put on my resume (which over here in the UK we call a CV), it was a long list. How do you list the project management skills required without it turning into a giant list of buzzwords? Below, we’ll look at some examples of common project management skills for your resume.
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Have You Left Anything Out of Your Project Management Plan?
Project Risk Coach
APRIL 5, 2021
Have you left anything out of your project management plan? As I define a project management plan, I strive for clarity, brevity, and simplicity. schedule management plan) Ancillary plans (e.g., Project Scope Management Plan Define how you will plan, execute, and control scope. schedule baseline) Subsidiary plans (e.g.,
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