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Question: Due to major cutbacks at my organization, I have been asked to work on getting new software that we need to update. In the past, we had a procurement department to do this. Since they were all let go, finances are at a low level for us. How can I quickly get myself up to speed so that I lower the company risk when we sign a new software contract?
Find answers to these questions and more in this Risk Management Practice Area. If you are new to Risk Management, take advantage of the resources below and don't be shy about commenting or asking questions. If you're a seasoned pro, help others out and become an influencer. We welcome contributions from all sources and the more you participate, the more visible you become. Let us help you move down the road from "giver of sage advice" to "Thought Leader".
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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.
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.
PPM (Project and Portfolio Management) professionals face the need to change focus, from controlling the delivery of scope to achieving business outcomes. The tools and approaches that have been used for PPM will simply not work in a future that has already arrived. The adoption of agile, increased investment in digitalization, and the need for speed and agility are creating the “perfect storm” predicted by Gartner, Ignoring these trends is not an option. PPM professionals have to change focus, from scope to business outcomes, from the reduction of uncertainty to embracing and leveraging uncertainty, encouraging innovation, and systematically executing strategy towards the realization of financial value. This presentation presents a framework that focuses on business outcomes, instead of scope, as the unit to plan and track, from project to portfolio levels. This way, funding is allocated to outcomes, and delivery is tracked based on its impact on planned impact to outcomes. The session presents a number of tools and techniques that can be used to build a portfolio management framework that focuses on business value and treats projects as investments. This includes how to plan and track benefits for agile projects. Finally, the session explores the cultural aspects involving in this change in perspective and how current traits found in organizational cultures explain the status-quo. The session presents the values that are fundamental to succeed in implementing an outcome-driven organization.
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.
The Ask the Expert Webinar Series is an extension of the Ask the Expert Program offered at PMI® Global Conference. Each year, experts from the ProjectManagement.com community offer one-on-one sessions to conference attendees, acting as mentors, coaches, and sounding boards for Project Managers at varying stages of their careers and across industries. Gain access to these leading project management and industry experts through the Ask the Expert Webinar Series – ask your most pressing Project Management questions, seek career advice, and gain insights into industry trends. Please join the webinar prepared to pose questions to the experts!
How do you incorporate risk mitigation plans into the Integrated Master Schedule (IMS)? This is important because it is useful to be able to see the status of the mitigation plan in the IMS and the impact on other tasks if the mitigation plan begins to slip. This webinar presents a tutorial on risk management. It includes: the risk management process; risk identification methods; risk analysis techniques; risk response (handling) methods; and risk monitor and control approaches. Finally, the webinar will explain and show by example how to integrate a risk mitigation plan into the IMS.
UPDATED for 2020! Statistical PERT® (SPERT®) is a freely licensed, probabilistic, estimation technique. Use Statistical PERT to estimate uncertainties that have bell-shaped risk properties, like: task duration, work effort, revenue, expenses, agile story points, project portfolios, event attendance and more. Use in conjunction with the article Getting Beta with Statistical PERT.
The purpose of this template is to capture RAID items (Risk, Action, Issue, Decision) when a more robust project management solution is not available.
This robust coded risk workbook allows project managers, team members, sponsors and stakeholders to easily track and monitor project risk activities and includes a Risk Management Matrix, a Risk Management Action Items Log, a Risk Burndown Log, and more!
While actively participating in mentorship during a project with a local design/build firm, this practitioner compiled an overview of the project management process as detailed in PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Use this overview with other project managers as a tool to reference in your day-to-day PM activities (as well as share with new project managers).
深刻な苦境にある多くのプロジェクトはコスト見積もり、プロジェクト・スケジューリング、資源計画、コンフィギュレーション・マネジメント、そして先を見越したリスク・マネジメントといった、実績のあるプロジェクトマネジメントの領域をただ単に適用できていないだけである。そして皆、なぜプロジェクトが混乱するのかと疑問に思う。当たり前だ。このチェックリストはあなたのプロジェクトにそんなことは起こさせない。
A lot of emergencies and unplanned tasks interrupt our daily work schedule. What can we do when this happens? Ask yourself these five Ws to help maintain sanity, be productive at work and maintain a better work/life balance.
We’ve seen a boom in the number of companies investing in digital transformation. Now more than ever, organizations are more focused on specific projects rather than long-term arrangements. To ride this wave of opportunity as a project manager, there are three competencies that you need to develop.
How do you incorporate risk mitigation plans into the integrated master schedule (IMS)? It is useful to be able to see the status of the mitigation plan in the IMS and the impact on other tasks if the mitigation plan begins to slip. This discussion presents a risk scenario to show you how to implement a risk mitigation plan on your own projects.
To help navigate these challenging times, we have created a Crisis Management Resource Center page to surface our recent valuable content (including articles, blog posts, on-demand webinars and more) that help you with managing uncertainty, leadership, virtual work, business planning and more. Share the knowledge with your colleagues and friends!
For most organizations, sometime around mid-March of this year, normal work stopped. Whatever the plan said was supposed to be done probably has very little to do with what has actually been done. When a crisis hits, follow these practical and time-tested strategies to get back on track.
How to respond and lead in your environment will depend on how your project and stakeholders have been impacted. There is no universal best response, but this practitioner offers some tips for consideration. You can then decide if they apply—and how to implement them for your environment.
Project issues will plague even the best-run projects. The project manager must have a strategy to deal with issues, but it is just as important for the practitioner to support the team and control the narrative. Here are four suggestions that project managers can use when conducting issue management.
Although it is human to behave irrationally in response to stressful circumstances, project management practitioners are often required to make difficult decisions in such situations. Emotional intelligence can provide the basis for an effective decision-making process, and enable you to take balanced, risk-based decisions.
Savvy organizations are going to be taking a hard look at their crisis and disaster preparedness status—and the smart ones are going to embark on initiatives that address a broad range of “What if” situations that, should they occur, would severely impact and even threaten their continued existence.
While uncertainty is incredibly uncomfortable, it is possible to manage through it. Personally, collaboratively and organizationally, there are strategies that we can employ to recognize, assess and navigate the challenges around us.
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