Remove Monitoring Remove Project Life Cycle Remove Risk
article thumbnail

Project Review Process: A How-to Guide

ProjectManager.com

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. That doesn’t mean there’s only one way to do a project review.

article thumbnail

Resource Analysis in Project Management: Steps & Free Templates

ProjectManager.com

To better understand resource capacity, project managers will evaluate capability analysis and workload capacity. They can also identify cost-saving opportunities when analyzing resources during the project’s life cycle. Just as resource analysis improves budgeting, it also supports risk management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

ProjectManager.com

Problems during a project are a given, and solving them in real time while maintaining project progress is a real challenge. Risks are a bit different than issues; risks are issues that haven’t happened yet. That’s called risk or issue management. Risks are the potential problems lurking in your project.

article thumbnail

Best Project Cost Management Software

ProjectManager.com

What Is Project Cost Management Software? Project cost management software is a tool designed to help project managers and teams plan, estimate, budget and control costs throughout the project life cycle. This is true regardless of the size of the project or the industry in which it is being implemented.

article thumbnail

Types of Project Management Software: 13 Best Options

ProjectManager.com

Task Management Software Task management software is a type of application designed to help individuals and teams organize, prioritize, track and complete tasks and activities within a project or workflow. It provides tools to proactively manage potential risks that could impact the success of an organizations initiatives or strategic goals.

Software 369
article thumbnail

Using a Risk Assessment Matrix for a Qualitative Risk Analysis

ProjectManager.com

All projects have risks, but not all risks are the same. There are many potential risks that can affect a project and you need to have a risk management process in place to manage them. This risk management process consists of risk identification, assessment, mitigation and monitoring.

Risk 468
article thumbnail

Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

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. Definition of Risk.

Risk 488