article thumbnail

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

Rebel’s Guide to PM

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.

article thumbnail

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

ProjectManager.com

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

ProjectManager.com

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.

article thumbnail

Work in Progress (WIP) Report in Construction (Template Included)

ProjectManager.com

General contractors strive to maintain each job’s profit margin, so it makes sense that the construction project will be monitored closely to ensure it’s progressing as planned. A WIP report, an abbreviation of a work-in-progress report, is the tool general contractors use to monitor costs. Learn more What Is a WIP Report?

article thumbnail

The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

article thumbnail

Resource Analysis in Project Management: Steps & Free Templates

ProjectManager.com

Project managers monitor resource rates and analyze resource utilization to make informed decisions on balancing workload to keep teams working at capacity, address shortages to ensure that resources are available when and where they’re needed and enhance efficiency.

article thumbnail

Project Monitoring and Control: Tools & Steps

ProjectManager.com

All are important, especially project monitoring. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. Project controlling involves a lot of steps to thoroughly monitor the project schedule, resources and costs.