To build better applications, citizen developers need to learn how to analyze and design for enterprise risk requirements as a part of capability development.
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Miss PMXPO 2021? It's now on demand through 31 January 2022! PMXPO is now a part of PMI’s Virtual Experience Series. Whether you’re a seasoned project manager or new to the field, PMXPO provides an excellent opportunity to learn, earn PDUs toward your certification, broaden your perspective on project management and connect with your global project management community. PMXPO is complimentary for members: non-members can attend for just $29 and take advantage of the on-demand offerings.
The PMI® Organizational Agility Conference returns bigger and better than ever as we examine evolving approaches to resilient value delivery! To remain relevant in the VUCA world, organizations and delivery professionals need to build change resilience—the ability to remain in a state of change while delivering value. This virtual conference will explore the concept of change resilience with professionals who are driving it within their organizations—and those who are living it as part of their own development.
Risk, cybersecurity, artificial intelligence, the Internet of Things—as technology transforms project management, PM professionals are either ahead of the game, or falling behind. Stay current and competitive with the 2017 PMI Information Systems & Technology Symposium. Exclusive to PMI members, this free, virtual event delivers a full day of intelligence on innovation and its impact on your PM career. • Gain insight into the tech-driven trends disrupting our industry, without leaving your desk • Network with the PMI global community while developing the skills organizations are looking for today—and tomorrow • Earn 6 PDUs • Get actionable intelligence you will not find anywhere else, tailored specifically for project and program managers Register today— Here are more details on sessions and speakers.
During a Crisis, managing projects become extremely critical as we may experience Cost & Schedule overruns, unidentified Changes & Risks that creates an imbalance. Focusing on Priority Knowledge areas of PMBOK during a crisis, helps us stay aligned to the Program GOAL's & the Organization Targets. An approach to consolidate the projects of a Program or a Portfolio in a single shell will be my call during this webinar - with my personalized model that can give an "Effective Approach".
The Disciplined Agile (DA) tool kit has management and governance strategies explicitly built into it. DA does this at the team level with the Address Risk process goal and at the enterprise level with the Governance process blade. But wait a minute – Address Risk, not Manage Risk? The difference is a subtle but important nuance. There are many issues for teams to consider, and options to choose from, when they identify how they may best address the risk that they face. But addressing risk at the team level is only a good start, we must also address enterprise risk as well. What appears to be small, acceptable risks at the team level soon add up to unacceptable risks at the organizational level that must be addressed appropriately.
Prior research suggests that information technology (IT) project managers (PMs) often fail to take adequate steps to manage project risks and that this may contribute to the high failure rate associated with IT projects. In this presentation, I will discuss PMI-funded research that explores how IT PMs’ mental construal affects four key IT project risk management activities: (1) risk identification, (2) risk impact assessment, (3) risk response planning, and (4) risk response enactment. This research contributes to our understanding of IT project risk management and suggests ways for improving IT project risk management practices
The four knowledge cornerstones of project risk management are: • Project Management (how to run a project) • Earned Value Management (how to measure project performance) • Risk Management (how to identify and mitigate risks) • Subcontract Management (how to manage subcontractors) This Webinar addresses how to manage subcontracts. Many companies today subcontract out a majority of their work. As a result, the subcontract becomes a risk to the project. This Webinar focuses on how to select a subcontractor and how to monitor a subcontractor to minimize this risk. The Webinar will cover the subcontractor selection process, subcontractor planning considerations, and types of subcontractor changes. Subcontractor risk stories are presented as an example of how to avoid pitfalls.
Save Time With Tools + Templates
This Excel heat map template gives you the ability to visually indicate your portfolio status to stakeholders by assigning data to a set of projects, which are displayed as bubbles of varying sizes. Adapt the axes names and data to fit your needs.
This Excel template is to be used in conjunction with the article Task Duration Estimation: A Simple Solution. Together, they can be used to conduct a Monte Carlo simulation. This will provide a statistically reliable method of estimating the minimum required time to schedule for any task so that its chance of success falls within a given confidence parameter.
This Excel sheet contains a Risk Register with sections for quantitative and qualitative analysis, risk response planning and change control; along with a summary, a calculations table and more.
The process of issue analysis and improvement can be performed on the job and with our daily personal activities alike. While most professionals would focus on presenting various options for solutions when encountering a problem on the job, you should emphasize full-scale analysis of the issue at hand. This presentation uses a common problem we all face to help illustrate valuable project management practices.
Learn From Others
You can use a simple spreadsheet to make a reasonable best guess of the likely duration of a given task. This explanation of three-point estimates and simple triangle probability distribution—along with its accompanying Microsoft Excel spreadsheet—can be used to conduct a Monte Carlo simulation.
From the personal experiences we have had during the pandemic, we need to build a shared sense of what it has meant, and how we move forward. This is particularly true as we manage the process of re-entry to a world that may look the same but now feels a little stranger and instills a little more wariness and caution.
The Titanic signified the greatest achievement in shipbuilding when launched in 1912. But a prideful attitude and a plethora of bad decisions led inexorably to its ill-fated maiden voyage and collision with history. What can PMs learn from this tragedy?
Like any trending concept, some of you may be inclined to dismiss digital transformation as the flavor of the month. The fact that this idea has gained steadily in popularity for more than three years suggests it’s here to stay. Keep these five tips in mind as you navigate inevitable change.
Getting a project back on track requires an understanding of the essential elements of project management. However, the most important aspect is to never give up. This article describes some of the challenges presented to a PM in a “rogue” project—and what can be done to overcome them.
What are the must-have tools and techniques for project managers in 2021, and which deserve an honorable mention? This checklist will help you choose the tools and techniques to apply to your organization and industry to stay on the cutting edge.
While organizations are sufficiently resourced to understand GDPR requirements and identify key risks, there can be issues with controlling, monitoring and reporting on the same key risks. Citizen development can help.
Instead of change management, what if your team and your managers could manage for change? How different would your team, project and organization be if you optimized for change?
This article shares the challenges a PM experienced while managing the construction of a 5-star hotel on the Caribbean island of Grenada during the pandemic—and how he navigated through change management to stay on track.
While the pandemic has ushered in dramatic swings in demand and corresponding workloads, it has delivered targeted opportunities to address problems in our business operating models—some new, some persistent—that should not be ignored. Applying a simple strategic matrix leads us to four key directives.
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