We’ve all had projects that experienced bumps in the road. If you find yourself with major challenges, there are six key questions and actions to consider to make sure you’ve covered all of your bases.
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What constitutes a troubled project? The answer is truly in the eyes of the sponsor, but as project managers we need to measure objectively and then decide how to use those facts in our go-forward plans. Here the author puts everything in the context of the triple constraint.
Earned Value Management is recognized within the project management domain as an effective cost and risk management technique. The formulas are not difficult to understand. So if EV isn’t difficult to calculate, why isn’t it more prevalent?
Why do sponsors refuse to provide contingency for risks? It’s not going to go away, you know! It's time to talk about reserves--the amount of time and money that needs to be put aside to cope with the risks on a project. In particular, we want to look at the mindset of the sponsor who refuses to acknowledge this contingency in the budget and schedule.
Some RFPs are bad…really bad. It makes you wonder how clear the purchasing organization is on what they are trying to achieve. Here, we look at the process that an organization goes through in preparing and issuing an Request For Proposal--and identify some best practices.
When customized to the analyst, risk analysis can be watchful of ways to not only control risks, but provide details on cost and resource efficiencies for each risk reduction strategy. To begin with, you need to know just what threats could await you.