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12 Sure-Fire Ways to Improve Project Risk Management

Project Risk Coach

In a one-on-one meeting, I asked Mike how he was identifying, analyzing, and managing his risks. His response revealed his belief in risk management but a lack of actual application with his teams. Warren Buffett says, "Risk comes from not knowing what you are doing." Failure to focus on the risks that matter.

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PMBOKĀ® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOKĀ® 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. Demonstrate Leadership Behaviors 7. Optimize Risk Responses 11. Table Of Contents. What are Principles? Focus on Value 5.

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You say ā€œpositive risksā€, I say ā€œopportunitiesā€

Kiron Bondale

While presenting the project risk management knowledge area from the PMBOK framework, when I indicated that while in our daily conversations risks are usually threats there can be positive risks as well, I was met with some disbelief and skepticism. A positive risk is not something recognized outside of the PM space.

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A History of PMI & Its Role in Project Management

ProjectManager.com

The Project Management Institute (PMI) is a nonprofit organization for those working in project management across the globe. If you have even a passing interest in the field, then youā€™ve bumped up against PMI. Given its vast influence, it’s important to have a basic understanding of PMI and its history. A History of PMI.

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Whatā€™s in YOUR risk register?

Kiron Bondale

Tracking and reporting risk information is a standard part of any project management approach. Minimal sufficiency should be the goal we strive to in terms of meeting the informational needs of your stakeholders but more important, helping risk and risk response owners to effectively address identified risks.

Risk 207
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Implementing AI in your projects: how to start and improve

Rebelā€™s Guide to PM

For project professionals, this means two things: AI is an extraordinary tool to automate administrative tasks to free up time for high-value activities, but it can even help enhance your interpersonal skills like collaboration and leadership ā€“ we call these ā€œ power skills.ā€

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How current are your risks?

Kiron Bondale

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it.

Risk 207