Risk is inherent in project management and so is the need to create a risk management plan to control it. That methodology is called risk management, which is as important as planning to make sure a project comes in on…
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Information technology (IT) is no longer a tucked-away department with little impact on the success of a business. Organizations across industries need data storing, analysis and processing tools to manage every single aspect of their operations, so anything that affects…
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Risk is something every leader knows well. No decision in any organization occurs without some potential for loss. We all need to become comfortable with some risks. We’re never going to eliminate all risks. So our best course of action…
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Do you know what can be scary? Project risk. Just the word risk can evoke the same kind of primal, fight-or-flight fear in project managers. But risk shouldn’t be feared, it’s just another part of the project to manage. All…
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When managing a project, there will inevitably be changes or other issues that impact the project. To prevent going off schedule or overspending, project managers are always balancing the project management triangle, which is made up of the three main…
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Risk is an unexpected impact on your project, which can be positive or negative, but if you don’t have a risk culture in your organization you’ll not be able to either take advantage or mitigate that risk if it shows…
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Product development projects can’t move forward without evidence to support that a viable product can be produced. That’s why you need proof of concept (POC) to prove a business idea or project has legs to stand on. So, what is…
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Project managers know all projects are vulnerable to a variety of risks, but identifying the particular risks that may affect their project might be challenging. Luckily, there are several risk identification methods they can use, such as a premortem. What…
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Projects are divided into phases to make them more manageable. All are important, especially project monitoring. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. Project…
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When managing a project, many key decisions are required. Project managers strive to control costs while getting the highest return on investment and other benefits for their business or organization. A cost-benefit analysis (CBA) is just what they need to…
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Not all tasks are the same. Some can be done one after the other in sequence, while others can’t start until another ends or starts. This is called task dependency. Task dependency mapping is a technique to make those task…
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You’ll never be able to anticipate every risk event that could occur in a project, but by using a risk register, you’re prepared to respond quickly before project risks become real problems that sidetrack the whole project. What Is a…
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It’s a cliche to say nothing is constant but change, but cliches grow from truths. Project managers understand this and work hard to create change management plans that ensure their projects run smoothly. Project management software helps, too, but if…
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