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Connect In Person

PMI Information Systems & Technology Symposium 2016 (On Demand)

30 June 2016 | 9 AM to 5 PM ET | 6 PDUS | Online | Online
PMI MEMBER-ONLY event

Overwhelmed by how technology is transforming project management? Looking to increase your productivity and learn new tech tools but don't know where to begin? No matter what your focus—medical, manufacturing, product design or otherwise—this virtual day of learning will deliver years of enduring value, with exclusive insights on how project managers are using new technologies. Register today!

Upcoming Webinars

Getting Project Risk Management Right

Sep 6, 2016 12:00 PM EDT (UTC-4)
PREMIUM webinar

Identifying risks that are not related to the project is a common mistake, leading to incorrect analysis and poor responses. The end result is that risk management is frequently adding more waste and inefficiency instead of helping to increase project success rates.

On-demand Webinars

See all Risk Management On-demand webinars

Save Time With Tools + Templates

Soothsayer™ for Project Risk Analysis

deliverable
by William Davis

If you could look at your project’s risk register, then peer into a crystal ball and foretell which risks will occur sometime during your project’s execution phase, would that be helpful? And if you could tell your project sponsor, with 90% confidence, how much risk contingency you need to protect your project – would you be interested? Learn how to soothsay your risk register using a special Microsoft Excel® template to do risk analysis. Use this deliverable in conjunction with the Soothsay Your Risk Register article.

Statistical PERT® (SPERT™) Estimation Worksheet for Task Duration Forecasting

deliverable
by William Davis

This spreadsheet has worksheets showing the results of a Monte Carlo simulation on a sample project's work effort hours, and a companion estimate using Statistical PERT. This way, you can see how you can use just the built-in functions of Microsoft Excel to do probabilistic, risk-based estimation. Textbox comments have been added to the worksheets to aid in understanding. Use this in conjunction with the article Risk Management Starts Sooner Than You Think.

Corrective Action Request (CAR) Form

deliverable
by Sameh Nasr

Has your project deviated from the planned scope, schedule, cost or quality requirements? Need to get it back in line with your project baselines? Corrective actions can help; use this form to make a request.

Project Status Update (Presentation)

PREMIUM presentation
by Daniel Grzybek

This presentation template is a formal customer-facing status report used for medium to larger projects, or for reporting multiple projects with the same stakeholder audience.

Learn From Others

Cloudy with a Chance of Schedule Variance

by Byron A. Love, MBA, PgMP, PMP, CISSP

Effectively communicating schedule information in a VUCA environment can be very challenging, especially when powerful stakeholders create psychological schedule baselines based on preliminary estimates. There are commonalities between the challenges of forecasting project schedules and forecasting weather.

Risk Management: What Intuition Can Bring

by Paul Baumgartner, PMP

Through your own intuition and “sixth sense,” you are managing risks in a project without even knowing it. Learn how intuition replaces risk management rigor in resource-constrained environments.

Risk Analysis: Art or Science?

by Andy Jordan

Risk analysis is a critical element of risk management. Why is it so often ineffective? How should we undertake it to maximize accuracy?

Soothsay Your Risk Register

by William Davis

If you could look at your project’s risk register, then peer into a crystal ball and foretell which risks will occur sometime during your project’s execution phase, would that be helpful? And if you could tell your project sponsor, with 90% confidence, how much risk contingency you need to protect your project—would you be interested? Learn how to soothsay your risk register.

Agile Risk Management

by Mike Griffiths

Agile approaches do not have risk management approaches built in as standard; they have the integration points, but not the steps required. Fortunately, with a little effort, we can fill those gaps and equip teams with the skills they need to address risks and opportunities effectively.

Boost Positive Risks

by Ronald B. Smith, PMP

Risks get a bum rap! Many believe a project risk carries a negative connotation—meaning an adverse event or threat may occur. You may be missing out on positive risks or opportunities that can potentially have a beneficial effect on your project’s deliverables and goals. Learn how to recognize positive risks.

Shouldn't We De-risk and Optimize First?

by Karen Chovan

Everything comes with some form of risk. But why do we focus on risk management before we have eliminated as much of it as we can?

The Risk of Not Properly Managing Risk

by Mark Mullaly, Ph.D., PMP

Some studies have suggested that risk management is more critical than every other project management tool and approach combined. It should be at the top of everyone’s mind. And yet, while many of us pay it lip service, it isn’t.

Risk Management Starts Sooner Than You Think

by William Davis

We can’t simply equate risk management to the project’s risk register. In truth, risk management starts the moment we make any estimate about a project’s future state. One easy way to make probabilistic estimates for project uncertainties is to use Statistical PERT®.

The Importance of Risk Templates

by Kenneth Darter, PMP

Working on projects involves dealing with risks, whether you have a formal process or are just discussing problems over the cubicle wall. Risk templates can help guide and control the process efficiently.


Ask a Question

Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
Murphy’s Law in Project Management  George Lewis  Aug 30, '16 4:10 PM  39 
Work vs Life, how does a Project Manager maintain the proper balance?  George Lewis  Aug 30, '16 7:59 AM  36 
Student Syndrome in Project Management  George Lewis  Aug 30, '16 6:26 AM  17 
Corporate remuneration practice impact on Project Management!  Vincent Guerard  Aug 29, '16 9:38 PM 
Project Manager a continuous learner?  George Lewis  Aug 29, '16 8:49 PM  34 
What's the recommended Mock Exams Passing Score before sitting for the PMP Exam?  George Lewis  Aug 29, '16 2:09 PM  81 
How much quantitative analysis skills is enough for a PManager?  Muhammad Anees  Aug 29, '16 1:57 PM 
Considering the PMI-RMP Exam... What resources would you recommend?  Demetrius Williams  Aug 29, '16 4:42 AM  11 
Brazil Olympics, a challenging Project?   George Lewis  Aug 28, '16 8:51 PM  144 
How do you find opportunities in your projects?  Vincent Guerard  Aug 24, '16 12:53 PM 
What are the Essential Soft-skills That Make a good Project Manager?  George Lewis  Aug 24, '16 4:34 AM  23 
Project Manager at U: Speaking Skills - Beginning   George Lewis  Aug 22, '16 1:10 PM  14 
When do you consider, is the best/worst day of the week for a PM to send out an email?  George Lewis  Aug 20, '16 12:01 PM  57 
Parkinson’s Law in Project Management  George Lewis  Aug 18, '16 9:05 AM 
Project Compleixty Management  Steven Zachary  Aug 17, '16 7:24 AM 
Project Manager at U: Speaking Skills  George Lewis  Aug 16, '16 5:27 PM 
How to sustain a strong risk culture within a team?  Anupam Ganguly  Aug 16, '16 11:13 AM 
Entropy in Project Management  George Lewis  Aug 14, '16 6:35 PM  10 
Winner’s Curse in Project Management  George Lewis  Aug 11, '16 1:23 AM 
Pyrrhic Victory in Project Management  George Lewis  Aug 11, '16 1:20 AM 
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