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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There are many project risks that can affect your project and, as a project manager, you’re responsible for the risk analysis process. Risk analysis, or risk assessment is essential because it allows project managers to classify project risks and determine…
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Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it….
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Anyone who has delivered a product or service understands the triple constraint. Time, cost and scope have to be controlled to successfully complete a project. However, there’s a fourth constraint that’s less discussed: quality. Cost of quality (COQ) helps you…
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If there’s one thing you can be certain of when managing a project, it’s change. If only you knew ahead of time what those issues would be, you could better address them. Although it’s impossible to predict the future, with…
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