When the going gets tough in project risk management, you have to get tough with your tactics. Get the key participants you need in the session through proactive invitee management. Get the risks identified during the session by using pre-selected, mentally stimulating terms and phrases.
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Are you putting your PMO in the position to make the right decisions every time? While the PMO has many functions, one of the most important is to facilitate decision-making--either by senior project stakeholders or within their own teams as escalation points for project managers. In this article, we look at how to ensure that we are as effective as possible in that process.
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.
Risk management can suffer from too little or too much supporting infrastructure, be it tools, techniques, training, templates or technology. Getting these elements right enables the risk process to deliver the expected benefits to the organization and its projects.
How confident are you in your estimates? Meet Statistical PERT, a probabilistic estimation technique for use with any bell-shaped uncertainty like task duration, work effort, agile story points, cost, revenue, event attendance and more. The Statistical PERT Beta Edition uses the built-in statistical functions inside Microsoft Excel 2010 and later.
Nothing is ever certain in project management, but how can new project managers embrace that uncertainty with confidence?
The only constant in life is change--it comes to everybody whether they like it or not. The best way to handle it? Get over the hump and keep moving forward. Keep these tips in mind...
Where evolving procurement requirements come from, and why, is in reality no different than how requirements evolve in any organizational area. The challenge is that they compound themselves, layering restriction upon constraint upon requirement. What can an organization do to improve its procurement efforts? What can be done to make procurement work in support of projects rather than be a barrier, roadblock or black hole?
In his Getting Project Risk Management Right webinar, Mario Trentim explained that we have to understand what project risk management is and what it is not so that we can get project risk management right. The session was packed with information, and here we cover the questions and answers that came out of that webinar.
Managing early-phase risks is akin to laying a solid foundation on which future project success can be built. The central theme of this article is to identify and create an awareness of major risks that can have a deleterious impact if not managed well—and propose some practical steps to manage them.