When the going gets tough in project risk management, you have to get tough with your tactics. Get the key participants you need in the session through proactive invitee management. Get the risks identified during the session by using pre-selected, mentally stimulating terms and phrases.
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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.
This interactive session, with questionnaires and polls, will introduce the amazing progress and mini revolutions currently taking place in risk management: the cognitive and big data revolutions.
Inspired by Star Trek Next Generation's Jean-Luc Picard's saying, "Make it so, number 1," this webinar explores the underlying causes of project failures and offers practical ideas on how to improve your project success track record.
Save Time With Tools + Templates
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.
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.
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.
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
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.
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 is a critical element of risk management. Why is it so often ineffective? How should we undertake it to maximize accuracy?
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 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.
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.
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?
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.
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®.
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.
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