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4 Important Principles for Risk Management risk management Oct 06, 2019

The primary goal of risk management is to navigate the uncertainty found in any initiative. As the development of the risk management process begins, here are four general principles to keep in mind to guide decision-making:

  1. The organization and initiative stakeholders have attitudes toward risk. These attitudes will affect thinking throughout the process and need to be determined in advance.
  2. ...
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6 Benefits of Good Risk Management risk management Sep 29, 2019

Another tip from my new book, Risk Assessment Framework: Successfully Navigating Uncertainty, with publication planned for November. Watch for more details in October.

Following a robust and appropriately scaled risk management process provides important project benefits, including:

  1. Positive risks (opportunities) can have positive outcomes: for example, shortened schedules or effective...
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5 Easy Steps to Avoid Herding Cats project integration management Sep 22, 2019

If project management feels like it's herding cats, you are probably doing something wrong. Here are 5 steps to avoid the cats:

  1. Be sure you develop a definition of success and a clear vision with the project sponsor.
  2. Be sure there are clearly defined roles and responsibilities.
  3. Do enough planning, so there is a clear plan for the team to follow.
  4. Follow the appropriate project and...
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Managing Risks of Fixed Costs cost management risk management Sep 22, 2019
Last week we looked at a fixed schedule, so its only natural to want to look at fixed costs too. Or perhaps I should more precisely say "fixed price" since fixed costs have a connotation of overhead. And there's a further clarification to make as well (finances are so much more complex than schedule and time) -- we're talking about risk to the seller. Many buyers like fixed prices since they...
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5 Tips for Improving Risk Management Planning risk management Sep 15, 2019
From Risk Assessment Framework: Successfully Navigating Uncertainty.

How much risk management and risk management planning is enough? There is no immediate answer to this question; however, a good starting point is to consider the following objectives and constraints:
  1. Costs and time of implementing risk management are proportionate to the costs and time of the projects -less than 10% is a...
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Managing Risks of Fixed Schedules risk management schedule management Sep 15, 2019
As Project Managers, we often have to perform with a fixed schedule. This type of situation can occur for almost any project or industry, but it is a special issue in the software industry when we want to meet monthly, quarterly, or other periodic release schedules. Here are my top 5 tips for successfully managing the risk and meeting the deadline:
 

 1) Be sure there is a project...

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5 Tips for PMs to Work Smarter, Not Harder project integration management Sep 08, 2019

"Work smarter, not harder" sometimes seems unachievable for the project manager. Here are 5 tips toward achieving it:

  1. You do not need to do all the project work too. Delegate effectively, then trust the team member to get it done.
  2. Define clear roles and responsibilities. This will avoid questions and issues later in the project and help contain team-generated scope creep.
  3. Focus on the most...
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The Power of Checklists and Sign Offs quality management Sep 08, 2019

I usually have to visit a copy shop at least 2-3 times a year to fulfill various needs for PMI meetings and events. This past weekend I had a critical business need to have a small number of copies made and spiral bound for a customer meeting. With FedEx Kinko's being the closest, I dashed off last night to have the copies done. Since I don't frequently visit, this was like a "first visit" all...

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A 5-Step Process for Risk Response Planning risk management Sep 01, 2019

Developing a process for risk response planning is critical. In addition to reducing thinking bias, a process reduces the risk of poor responses and ensures any responses creating new risks receive treatment as all others.

  1. Start with the highest priority risk - review the identification and analysis of the risk.
  2. Identify at least one risk trigger. In the process, you may uncover additional...
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5 Tips to Encourage and Support Project Innovation project integration management Aug 25, 2019

Innovation is often a direct result of good project management - teams find novel solutions and produce superior results (creativity), which can be implemented (innovation). Here are 5 tips for encouraging and supporting innovation in projects:

  1. Provide clear objectives, roles, responsibilities, and an overall plan to focus on creativity.
  2. Demonstrate value for new ideas: let them be heard and...
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