ProjectManager.com

JANUARY 27, 2023

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 429

Risk Risk Management Project Life Cycle Software Review 429

Project Risk Coach

OCTOBER 11, 2021

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the Project Risk Management Professional (PMI-RMP) exam ( until the updated PMI-RMP® exam comes into play April 2022 ). Here is a complete Reference List.

Risk Management 221

Risk Management Risk 2009 PMI 221

Binfire

SEPTEMBER 19, 2024

Just like project managers prepare for unforeseen risks in their professional endeavors, wedding planners and couples must anticipate and manage potential issues that could arise before or during the big day. Here’s how you can identify, assess, and manage risks in wedding planning.

Risk Management 125

Risk Management Risk Planning Logistics 125

LiquidPlanner

MAY 24, 2023

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

Risk Management 158

Risk Management Risk Technical Review Budget 158

Rebel’s Guide to PM

JULY 20, 2023

Why use a Terms of Reference document? A Terms of Reference document is a really versatile document. What is a Terms of Reference document? A Terms of Reference is a short document that sets out the scope, boundaries, resources, objectives and constraints for a particular activity. It can be as formal as you like.

Technical Review 276

Technical Review Software Review Prince2 Budget 276

Musings on Project Management

FEBRUARY 7, 2024

NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I.

Risk Management 150

Risk Management Risk Influencer Engineering 150

Project Risk Coach

OCTOBER 9, 2022

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the PMI Risk Management Professional (PMI-RMP®) exam. Which PMI Risk Standard Should You Study? The exam pilot occurred in December, 2021.

Risk Management 195

Risk Management Risk 2009 PMI 195

ProjectManager.com

DECEMBER 9, 2019

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. Part of that process is risk analysis.

Risk 481

Risk Risk Management Estimate Project Life Cycle 481

The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

Risk Management 88

Risk Management Risk Cadence 2016 88

Musings on Project Management

MARCH 7, 2023

NIST has issued, after long discussion and drafts reviewed, their risk management framework (RMF) for A.I.

Risk Management 186

Risk Management Risk Influencer Engineering 186

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. Here’s a screenshot of the whiteboard for your reference! What is IT Risk Management?

Risk Management 278

Risk Management Risk Technical Review Software Review 278

Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

Risk Management 77

Risk Management Risk Cadence 2023 77

MPUG

APRIL 26, 2021

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Some were taken, but most ignored or overlooked because of other projects and lack of understanding of risk management at an organizational level.

Governance 122

Governance Government Risk Management Risk 122

Epicflow Blog

OCTOBER 4, 2024

Neglecting these risks can lead to project delays, budget overruns, and even project failure, which will negatively impact a manufacturer’s reputation. Therefore, a proactive approach to effective risk management is critical. Let’s take a look at the most essential ones.

Manufacturing 59

Manufacturing Risk Management Risk Underperforming Technical Team 59

Productivity Land

JULY 17, 2023

However, navigating uncertainties requires effective risk management. In this article, we will delve into the world of agile risk management, exploring strategies to identify, assess, and mitigate risks in projects. By recognizing and categorizing these risks, project teams can proactively address them.

Risk Management 87

Risk Management Risk Technical Review Agile 87

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 443

Software Review Risk Management Risk Technical Review 443

ProjectManager.com

NOVEMBER 19, 2024

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. We define the term and list the types before going into how to conduct a project management review.

Software Review 263

Software Review Process Project Life Cycle Risk Management 263

NimbleWork

SEPTEMBER 23, 2024

Risk management is a cornerstone of successful project management, yet it’s often treated as an afterthought rather than a strategic imperative. Effective risk mitigation goes beyond simply reacting to problems as they arise; it involves anticipating potential issues and developing strategies to address them proactively.

Risk Management 64

Risk Management Risk Technical Review Underperforming Technical Team 64

Project Risk Coach

JUNE 25, 2018

Because the facts provide points of reference in which we can better judge the significance of things and where there is uncertainty. So, where do facts come into play in risk management? When identifying risks, I write risk statements using this handy-dandy risk syntax : Cause —> Risk —> Impact.

Risk Management 170

Risk Management Risk Planning 170

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 330

Risk Technical Review Risk Management Estimate 330

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. Psychologists refer to this as “risky shift”. A bright cover for Mike’s own book, Risk Happens! Dr Mike Clayton.

Risk Management 258

Risk Management Risk Underperforming Technical Team 2018 258

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

Aerospace 98

Aerospace Risk Management Engineering Risk 98

Project Risk Coach

JANUARY 14, 2019

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. What to Include in a Risk Register. ” Risk Owner. .” Risk Score.

Risk 342

Risk Risk Management Technical Review Information Technology 342

Inloox

FEBRUARY 2, 2023

Know the risks in your project! Risk management plays an enormously important role in project management. The task here is to identify, analyze, control and ultimately minimize risks. The better risk management is handled in your project, the greater the probability of success, all other things being equal.

Risk 180

Risk Underperforming Technical Team Governance Government 180

ProjectManager.com

NOVEMBER 14, 2024

Project leadership is in flux and a good manager knows never to become complacent. Here’s a shot of the whiteboard for your reference! In Review: 7 Ways Project Manager Roles Are Changing As Jennifer said, project manager roles are changing. Jennifer Bridges, PMP, shows you how your role is evolving. What do you do?

Underperforming Technical Team 395

Underperforming Technical Team Technical Review Artificial Inteligence Logistics 395

MPUG

MAY 17, 2021

Imagine you are managing a large project, which is strategically important and complex. At the outset, you realize there will be a number of risks, which if not managed well, could paralyze the outcome and have negative impacts on the project objectives. Will a software tool for only project management meet your needs?

Risk Management 101

Risk Management Risk 2019 2021 101

Management Yogi

APRIL 15, 2022

Probabilistic branching and probabilistic linking are two completely different concepts in risk management. Many risk management practitioners confuse these two and use them interchangeably. You can refer to this detailed article to understand probabilistic branching.I This is not correct. hope you have.

Risk Management 105

Risk Management Risk 105

The IIL Blog

OCTOBER 16, 2024

By Rick Lemieux – Co-Founder and Chief Product Officer of the DVMS Institute October 16, 2024 Cyber risk and resilience have emerged as critical considerations for individuals and organizations. The NIST Cybersecurity Framework (CSF) is a voluntary framework that helps organizations manage cybersecurity risks.

Technical Review 78

Technical Review Risk Governance Government 78

Epicflow Blog

JUNE 24, 2021

Risk is often perceived as a potential hazard or something that should be better avoided. However, we all know that the road to success is fraught with risk, as it’s often associated with new opportunities that lead to better results. The process of managing projects is always accompanied by a certain degree of uncertainty and risk.

Risk Management 81

Risk Management Risk Underperforming Technical Team Technical Review 81

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Monitoring Risks.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Kiron Bondale

DECEMBER 8, 2019

While the Manifesto does not explicitly reference the scientific method, it is implied in the value statement “ Responding to change over following a plan ” and in its final principle “ At regular intervals, the team reflects on how to become more effective, then tunes and adjusts its behavior accordingly.

Risk 279

Risk Risk Management Construction Agile 279

Rebel’s Guide to PM

MAY 30, 2024

Ever wondered what RAID is all about in project management? You'll hear project managers talking about their RAID logs as part of how to manage a project , or updating the RAID, but what does it all mean? In this article, we look at everything RAID -- and it's a key tool for project managers.

Risk Management 346

Risk Management Software Review Risk Controlling 346

ProjectManager.com

AUGUST 29, 2023

Everything you need to know about project management terms is here in one list! Check back often, as this list of project management terminology is ever-evolving, just like project management itself! Check back often, as this list of project management terminology is ever-evolving, just like project management itself!

Software Review 414

Software Review Underperforming Technical Team Lean Event Chain 414

Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

Risk Management 52

Risk Management Risk Engineering Estimate 52

MPUG

JANUARY 17, 2021

As I interact with various project, program, and portfolio (PPP) management professionals who use my courses, read my books, and/or attend my webinars, I get many queries on the risk management life cycle approach. A few questions come to mind: How do we address risks in the entire context of projects, programs, and portfolios?

Risk Management 103

Risk Management Risk Closing Monitoring 103

Green Project Management

APRIL 16, 2018

GPM Global is delighted to announce the publishing of the Second Edition of the Sustainable Project Management: The GPM Reference Guide. Sustainable project management is a rapidly growing discipline. The guide is 156 pages and is available on Amazon in both paperback and electronic Kindle formats.

Sustainability 422

Sustainability Risk Management Risk 422

Epicflow Blog

MARCH 22, 2024

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

Risk Management 52

Risk Management Controlling Risk Aerospace 52