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.
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.
VUCA , an acronym that stands for Volatility, Uncertainty, Complexity and Ambiguity, has become a buzzword in management and business circles. It has added a new dimension to management principles and practice this requires a fresh approach to adapt to the new situations that are emerging in business and industry. Over the years project management standards have been adapting to industry practices and through its revisions introducing new topics and areas of knowledge. The objective of the standards has been to present information that is relevant and valid for today's operations. Various project management standards have been studied to assess if the four parameters of VUCA have been included and discussed and if they are adequate for the practising project manager to function effectively.
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.
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). Project risk management is essential today and for future work challenges to manage a successful project. This webinar focuses on earned value management, the second knowledge cornerstone.
Although the project failure rate has seen improvement over the last decade or so, roughly half continue to fail. As such, project risk management [which is designed to address risks that contribute to project failure] has gained significant interest over the same period.
This Excel workbook provides eight logs and registers to help your project. It includes a Changes Log, a Lessons Learned Log, an Assumptions-Constraints Log, an Issues Log, a Risk Register (with accompanying risk guide and list), a Customer Promise Log, a Project Task Tracker, and an RFI Tracker. It's perfect for new and seasoned PMs alike.
This Excel workbook will help you form a comprehensive risk plan with templates for a Project Plan, Work Breakdown Structure, Dependency Log, Rick Plan, Project Procurements Registry and Project Communications Log. It is helpful for experienced and new PMs alike.
In this Expected Monetary Value (EMV) & Contingency Reserve Calculation Sheet, fill in probability and impact for a risk, and then the EMV and contingency reserve will automatically be calculated in dollars.
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。
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!
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.
The impact from COVID-19 has been swift and, in many cases, dramatic. Even so, projects that deliver meaningful results must stay on track. What can you do to keep those meaningful projects on track? Here are five simple yet effective actions you can take.
During this pandemic, businesses need to be prepared to balance the health and protection of their employees while continuing to serve the needs of their clients. This practitioner shares his practical approach as a PMO head, which may help the project management community during these uncertain times.
A lot of projects are on hold right now, but what happens when they need to get restarted? There are a number of things we can do to make the ultimate resumption and recovery of our projects easier for all involved.
With the PMBOK® Guide as the foundation, organizations can build their project methodologies to meet their specific business needs. The focus in this article is on the fundamentals of project execution. All of these elements are interdependent and take time and effort to build. Principled execution is the goal for our customers and ourselves.
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