Tag Archives: Risk Management
Do NOT Resolve Project Risks for Good Career Growth
Having been a project manager for all of my working life and now a teacher of project management skills for more than a decade, I always tell my students to follow sound project management principles and to manage risks proactively. Proactive project risk management is integral part of project management. In fact, I think good…
Fundamentals of Project Risk Management Framework
I’ve compared projects with living entities (like human beings), and the life cycle of a project with life cycle of a person. Similarly, the PMBOK guide, when expanded, is called project management body of knowledge or a body of knowledge for project management. Like every human being has a body which he or she needs…
Five Must Have Core Competencies for Project Managers
No matter the industry or size of the project, every project manager is tasked with juggling multiple day-to-day operations. Even small-scale projects can be complex, comprised of hundreds of cross-functional activities that need to be executed under tight timelines with budgets at stake. As a project manager, you’re a change agent working with your team….
Understanding Qualitative Risk Analysis
1999. October 29. A super cyclone measuring 160 mph hit Gopalpur in Odisha, a coastal state of India, with horrifying fury. It resulted over 10,000 people losing their lives and over $US4 billion in damages. The devastation caused was barely reported. In fact, little is known about the event, but it changed the way India…
Keeping Secrets from Clients
Dear Elizabeth: I’m in a bit of a pickle. The project I’m currently managing is not going to make the delivery date because a handful of developers got moved to another project. But my boss has told me not to say anything to the client—yet. Well a week has gone by, and the client keeps…
Critical Path, Criticality Analysis, and Criticality Index
Imagine the following scenario. You are in charge of managing a big match in a stadium. The venue can hold over 100,000 people. The audience is as passionate about watching, as their favorite players are about playing. Any untoward incident can create problems. You want to have the security, monitoring, and all other aspects of…
Getting the Team to Use Ranged Estimates
Dear Elizabeth: I work on a project team for a manufacturing company. For the last year, we’ve been using ranged estimates to build out our schedules. For the most part, our customers love it. We have one customer who is putting up a fight, saying they want a hard deadline. How do we convince them…
What’s the value of Schedule Risk Analysis?
Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical category of the Talent Triangle. Event Description: Many clients are now demanding proposals include a schedule risk assessment and the more savvy are requesting forecast dates be presented at, for example, 80% levels of confidence. What…
What’s the Value of Schedule Risk Analysis?
Introduction Many clients are now demanding that proposals include a schedule risk assessment, and the more savvy are requesting forecast dates be presented at, for example, 80% levels of confidence. What does this mean? And how much effort will be involved to produce these deliverables? The following article will focus on how to satisfy these…
Resource Leveling: The Complete Series, Part 1
Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical category of the Talent Triangle. Event Description: Join MPUG author Daryl Deffler as he journeys through his latest series of articles on Resource Leveling. Slide Deck: MPUG Project 2013 Resource Leveling Part I Watch Part Two Read Daryl’s articles…
