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.

Risk Management 331

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ProjectManager.com

JULY 26, 2023

That’s why a project initiation document (PID) is so important. We’ll explore its importance and how to create a project initiation document, including all its many components. You can even download a free project initiation document template for Word to help you get started. What Is a Project Initiation Document (PID)?

Initiating 285

Initiating Software Review Prince2 Risk Management 285

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.

Risk 400

Risk Underperforming Technical Team Risk Management Technical Review 400

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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Risk Risk Management Defining Executing 369

Rebel’s Guide to PM

SEPTEMBER 29, 2022

Risk meetings don’t have to be boring, although in my experience they often are. A Short Guide to Facilitating Risk Management is a book that specifically addresses how to get the best out of your risk management meetings. The benefits of risk management. Great advice for risk meetings.

Risk Management 409

Risk Management Risk Initiating Planning 409

Scrum.org

MAY 20, 2024

According to the 2020 Scrum Guide , “Scrum employs an iterative, incremental approach to optimize predictability and to control risk.” The Scrum guide calls out predictability and controlling risk as the two main benefits. In this article, I want to focus on incremental delivery’s impact on risk. Here’s one example of this.

Controlling 214

Controlling Risk SCRUM 2020 214

Project Risk Coach

FEBRUARY 7, 2022

These conversations provide accurate insights into project performance, threats, and opportunities that can affect important strategic initiatives." Engage in Strategic Risk Management Strategic risk management is a process for identifying, analyzing, and managing risks most critical to the achievement of your organization's goals.

PMO 457

PMO Underperforming Technical Team Risk Management Risk 457

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.

Software Review 446

Software Review Risk Management Risk Technical Review 446

Project Risk Coach

AUGUST 9, 2021

Double down on your initial efforts. 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.

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Scrum.org

MARCH 26, 2024

Optimizing Risk Responses in professional project management resonates profoundly with the empirical foundation of Scrum. Scrum's framework inherently addresses risk by embracing uncertainty and change, making it an ideal approach for managing both opportunities and threats in complex environments.

Risk Management 203

Risk Management Risk SCRUM Initiating 203

ProjectManager.com

NOVEMBER 27, 2019

Project management knowledge areas coincide with the process groups, which are project initiation, project planning , project execution, monitoring and controlling, and project closing. This is anything from a sentence to a bulleted list that is comprehensive to reduce major project risks. Project Risk Management.

Risk Management 512

Risk Management Monitoring Controlling Estimate 512

Project Risk Coach

JANUARY 16, 2024

This is where the Rough Order of Magnitude (ROM) comes into play, a tool that every project […] The post Project Rough Order of Magnitude: A Key to Unlocking Effective Risk Management appeared first on Project Risk Coach.

Risk Management 221

Risk Management Risk Initiating Planning 221

Rebel’s Guide to PM

MARCH 18, 2021

The first category is documentation that relates to strategy and project initiation. Assumption log Risk register Backlog (see, agile project artifacts are relevant too) Stakeholder register. Work breakdown structure Product breakdown structure Organizational breakdown structure Risk breakdown structure. Strategy artifacts.

Logistics 511

Logistics Artificial Inteligence PMI Performance Measurement 511

ProjectManager.com

JANUARY 28, 2020

They are initiation, planning, execution, management, review. Initiation: Initiation consists of research, planning, coordinating with both stakeholders, brainstorming ideas and interviewing customers/stakeholders/partners/manufacturers for input. What are the risks for each team, and who will manage them?

Software Review 436

Software Review Prince2 Critical Chain Manufacturing 436

ProjectManager.com

NOVEMBER 14, 2024

Data-Driven Decision Making While project managers have always applied data to their decision-making, the more accurate, real-time insights and tools that have become available are influencing them with increased objectivity, proactive risk identification and predictive analytics. Thanks for watching!

Underperforming Technical Team 397

Underperforming Technical Team Technical Review Artificial Inteligence Logistics 397

ProjectManager.com

JULY 3, 2024

Being prepared for change helps to mitigate the risks associated with those changes. It’s a means to know if the organization’s or project’s ability to initiate, follow through and maintain lasting changes. If there aren’t enough benefits or too many risks involved then maybe the change isn’t worth it.

Software Review 312

Software Review Risk Management Risk Governance 312

Rebel’s Guide to PM

NOVEMBER 16, 2023

For project professionals, we recommend exploring AI tools by first understanding what project tasks and deliverables can be automated easily and without risk. You can also assess the projects you are working on to determine where you can begin implementing AI in risk-free ways.

ChatGPT 478

ChatGPT Generative AI Artificial Inteligence PMI 478

Rebel’s Guide to PM

OCTOBER 23, 2024

The next step will be properly initiating the project. But first, let's talk about the project initiation phase and what needs to happen at the start of a project to set it up for a successful finish. The project initiation phase You kick off the project through the project initiation phase. It takes as long as it takes.

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ProjectManager.com

JULY 24, 2024

This is done by a variety of skills and techniques, led by a project manager and includes defining project scope, identifying deliverables, managing risks and effective communication across teams. They help select projects and deal with budgets, risk and reporting. This avoids confusion and delays.

PMO 370

PMO Software Review Logistics Governance 370

ProjectManager.com

NOVEMBER 23, 2020

Project sponsors also expect deliverables during the initiation, planning and execution phases of a project. Initiation phase deliverables can include a project charter or a business case. Risk and issue logs to track issues that need to be addressed, and. Project Deliverables Expected Prior to Closure.

Project Life Cycle 463

Project Life Cycle Risk Management Executing Initiating 463

Rebel’s Guide to PM

FEBRUARY 13, 2023

Reduce and Uncover Risk 3. All projects have stakeholders, even the very smallest initiatives. Reduce and Uncover Risk “Good stakeholder management reduces some risks and makes other risks, which may otherwise by unnoticed, transparent,” Newton says. Your stakeholders can also help you identify new risks.

Risk Management 449

Risk Management Finance Software Review Risk 449

Project Risk Coach

NOVEMBER 23, 2020

Risk Management Starts With Clear Goals What is the relationship between goals and risk management? Risk management should occur at different levels within an organization such as: enterprise, operations, programs, and projects. This risk response plan might include additional customer service reps and training, for example.

Software Review 432

Software Review Risk Management Risk Executing 432

ProjectManager.com

SEPTEMBER 6, 2023

Consider Your Organization’s Risk Culture An organization’s risk culture is its awareness, attitude and behavior towards risk, including risk management policies and practices. The project being considered shouldn’t put the organization at risk beyond what it’s comfortable in risking. Here are some more.

Software Review 369

Software Review Risk Management Initiating Risk 369

Rebel’s Guide to PM

MARCH 12, 2022

Risk management. Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. PRINCE2® requires at least two management stages: one to initiate the project and then however many you need after that to do the rest of the work. Stakeholder engagement.

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Prince2 Governance Government PMO 406

ProjectManager.com

JANUARY 23, 2024

That’s because the project teams involved with these successful projects follow a defined and repeatable process, which mitigates risk and achieves objectives. It helps to complete projects on time, manage risk, achieve project goals, deliver more benefits and handle change with minor disruption.

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Underperforming Technical Team Risk Management Software Review Budget 371

ProjectManager.com

APRIL 29, 2022

Project documentation has several purposes, such as project planning, cost management or risk management. Project Initiation: Project charter, business case, project kickoff meeting agenda. The project charter is written during the project initiation phase, and it sets the stage for the project plan. Risk Register.

Project Life Cycle 388

Project Life Cycle Software Review Infrastructure Risk Management 388

ProjectManager.com

SEPTEMBER 16, 2020

Plus, as the project unfolds, our real-time dashboards can track project costs and compare them against your initial planned costs, so projects don’t ever have to go over budget. Money makes the project happen, so it’s likely the costs will be discussed during project initiation. Risk Tracking Template.

Budget 448

Budget Estimate Risk Management Monitoring 448

Rebel’s Guide to PM

MAY 2, 2022

So is the general approach: a central administration oversees which projects are initiated, how many resources they receive and what they yield. Consideration #2: Managing complex risk is all about balance. Portfolio management has a strong relationship with risk. How to execute the approach, that’s where the devil lies.

Technical Review 365

Technical Review Risk Management Governance Government 365

Rebel’s Guide to PM

APRIL 21, 2021

A Bad Project Manager does not understand domain areas , and they do not take the initiative to build up their knowledge base. Instead, he or she provides recommendations and options as well as highlights potential risks to consider in order to estimate a given task. They constantly make excuses when issues arise on their projects.

2021 485

2021 PMO Executing Risk Management 485

ProjectManager.com

DECEMBER 26, 2023

If properly designed, program governance will increase efficiency and reduce risk. Also outlined is how meetings and reporting will be done, risk and issue management and the larger project management control process. Our software also has risk management features to identify and track issues in your program.

Governance 394

Governance Government Monitoring Risk Management 394

ProjectManager.com

SEPTEMBER 14, 2023

Those are called the project phases and they are initiation, planning, execution, monitoring and controlling and, finally, closing. Initiation Phase This first stage is when a project is looked at critically to determine if it’s viable and worth pursuing. We haven’t talked much about risk management.

Software Review 405

Software Review Monitoring Technical Review Risk Management 405

Rebel’s Guide to PM

APRIL 19, 2021

People with diverse viewpoints can spot risks and opportunities that others might overlook. According to one report , cognitive diversity can boost team creativity by up to 20% while also lowering risk-taking by up to 30%. Another study discovered that teams with more cognitive diversity tackle problems faster.

Energy 487

Energy Retail Engineering 2020 487

ProjectManager.com

OCTOBER 6, 2022

These organizations offer a variety of certifications that focus on different project management methodologies such as agile or scrum, or specific project management knowledge areas such as project scheduling, resource management or risk management. We hope you find the one that best suits your needs.

Certification 468

Certification 2022 Prince2 PMI 468

ProjectManager.com

DECEMBER 19, 2019

Don’t forget to include a risk management plan. The business case traditionally is a document that defines the core business benefit of a project in order to justify the expenditure of the initiative. Usually, they’re initiated to solve a specific business problem or create a business opportunity. They have a goal.

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Underperforming Technical Team Project Life Cycle Leadership Initiating 492

ProjectManager.com

DECEMBER 13, 2021

Project managers are in charge of managing teams during the initiating, planning, scheduling, monitoring and closing phases of a project. Create project management documents such as a project budget, project schedule , resource management plan and a risk management plan. Project Manager Responsibilities. Develop a project plan.

Project Life Cycle 448

Project Life Cycle Prince2 Certification PMI 448

Project Risk Coach

JUNE 28, 2021

The initial dynamics can be rather rocky and uncertain, even with skilled individuals. The post How to Improve the Performance of Your Project Teams appeared first on Project Risk Coach. Watch what happens when new teams are formed? Maybe you’ve seen a new team of baseball players, a music group, a civic group, or a business team.

Influencer 397

Influencer Executing Risk Management Initiating 397

Project Risk Coach

APRIL 18, 2021

Notice that the initial deliverables-based WBS does not include predecessor or successor relationships -- there is no network diagram. The post How to Create a Work Breakdown Structure appeared first on Project Risk Coach. For example, a work package might be labeled: "XYZ Report" rather than "Create XYZ Report."

Estimate 397

Estimate Risk Management Initiating Defining 397