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Tag Archives: risk

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…

The Unified Theory of Everything (or at least Schedule, Cost, Risk, and Earned Value)

  Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle.   Event Description: All organizations that run large Programs for a living must assemble deep expertise in disciplines including scheduling, cost analysis, risk analysis, and earned value management. Each requires…

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…

How to Get More Resources

Dear Elizabeth: I’m currently running a large project that’s a mess. We’ve lost team members, the customer has asked for more features, and now we’re scheduled to go well over our deadline. I’ve had endless conversations with my manager about the need to add more people to the project—I’ve even shown her my resource workload…

3 Steps for Better Resource Management

Several project management offices (PMOs) have asked for our help when they needed to manage resources effectively on both the project level and the portfolio level. To better manage resources, organizations need to look at their resource requirements in a defined order: 1) strategically, 2) tactically and 3) operationally. By homing in on these elements,…

PMP Prep: Decision Tree Analysis in Risk Management

Decisions and uncertainties abound in life. Take something as simple as deciding where to go for a short vacation. Do you go to a nearby mountain because your friends like it or to a faraway beach because you like it? The option of staying near the beach may be cheaper but would require a longer…

3 Ways to Surf the Flow of Your Project Management Cycle

There’s a definite cycle to project management. You move from the input of technical data to the communication activities of human interactions. This cycle is constantly shifting as you move forward, changing at any moment the probability of success for the project management. If data isn’t managed correctly, errors in timelines and schedules occur. When…

What is Monte Carlo Simulation and Why Should I Use It With Microsoft Project?

Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle. Event Description:  Monte Carlo simulation is named after the European city famous for games of chance (which is a polite way of saying gambling!). This session will explain the fundamentals of Monte…

Manage Projects Using SharePoint, Lesson Three

Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle. Overview:  Training on technology accelerates learning and adoption. Teach your teams to manage projects on SharePoint 2013. Perform the most important project management activities using the out-of-the-box features of SharePoint. Learn how…

Manage Projects Using SharePoint, Lesson Two

Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical category of the Talent Triangle. Overview:  Training on technology accelerates learning and adoption. Teach your teams to manage projects on SharePoint 2013. Perform the most important project management activities using the out-of-the-box features of SharePoint. Learn how…

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