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.
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 project management, the first knowledge cornerstone. It will explain the project management process and how it is used to achieve effective project risk management on you project. The webinar will explain what Enterprise Risk Management (ERM) is and how project risk management fits into it. The future of work and how project risk management will be affected is presented.
The Case for Project Risk Management: In Predictive (Traditional) vs. Adaptive (Agile) Life Cycle Approaches
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 is in the sixth installment in an 8-part webinar series, A Billion Dollar Project Health Framework, presented by Uri Galimidi. The series covers an advanced yet practical framework which Project Managers can use to assess the health of their projects. The framework consists of eight key project management areas. This webinar covers Stakeholder Management.
Save Time With Tools + Templates
Use this sample monthly progress report (created for a construction/engineering project) as an outline and adapt for your own project. It contains sections for an EVA summary, progress analysis, procurements and more.
This Excel file contains a Project Risk Register Log and instructions for each field, including help ranking probability of occurrence, risk impact, risk ranking and risk response.
Now updated! 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.
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).
Learn From Others
Managing projects in a desert environment during the hot summer period presents unique challenges. The author shares his experience and lessons learned from three major oil and gas projects in the Middle East. Tips for managing projects in a similar environment are presented to assist other project managers.
Delays in engineering, procurement and construction projects almost feel inevitable. However, they can be avoided if we understand and identify their causes before the start of the project—and try to mitigate the gaps during the project lifecycle.
Most of the time, there are reasonable and logical reasons for an organization's “ways of doing things.” But what are justified reasons for breaking with protocol? When does doing “the right thing” take precedent over following “the rules” when a conflict arises?
Having worked as a project manager delivering technology solutions to life sciences clients for close to a decade, this author has noticed common themes that help ensure project success. Here are six project management takeaways from delivering projects to regulated companies.
There can be significant value in planning, but it is possible to plan too much. Determining the right level should be based on a collection of factors such as the complexity and risk of the situation, the skills and experience of the people involved, and the uncertainty that you face.
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.
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.
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.
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.
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.
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