Project risk is inevitable and must be managed to the maximum extent possible. Risks for complex software projects can be divided into two categories—project risks and technical risks. A potentially avoidable technical risk of Lockheed Martin’s En Route Automation Modernization (ERAM) software is discussed, along with a treatment plan that could have reduced the risks earlier in the project.
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Risk management is a key part of foundational training for project managers, but it can still be problematic. In particular, the strategy of risk acceptance can trip up new PMs.
Each project has its own characteristics and complexity. When we have to execute a project significantly bigger or complex than usual, it’s necessary to check if the actual team size is up to the task.
Part of a successful project is completing it in a way that fosters stakeholder support, acceptance and buy-in. In that context, social media can play a critical role...but there are risks you need to be aware of.
Don’t let an unproductive organizational culture keep you from ensuring your project is successful. Using tactics that leverage your workforce and stakeholders in a special way, you can maintain progress despite obstructions.
In business, you must be able to produce products and services efficiently in order to survive in the competitive environment. But periodically, you need to “get your head out of the boat” and evaluate your competitors, environmental factors and your own strengths and weaknesses to define the correct direction for the company.
Was the Woodstock music festival in 1969 an exercise in poor waterfall planning or an agile success? This author assesses the project basics as they relate to PMBOK Guide® knowledge areas to help find the answer.