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5 Tips to Assure Successful Risk Management risk management Dec 29, 2019

Following these five tips will go a long way in assuring successful project delivery.

  1. Rather than skip risk management, scale and tailor a process to your project needs. Completing the exercise will help you more easily identify responses when unidentified risks occur later in the project.
  2. ...
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4 More Important Principles for Risk Management risk management Oct 13, 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 more general principles to keep in mind to guide decision-making:

  1. Timebox risk assessments. Because all uncertainty is not...
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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...
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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...
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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...
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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...
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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...
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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...
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Limit Firefighting and Cat Herding project integration management risk management Jul 09, 2019

Fire fighting and herding cats is not project management. To bring your project back to a stable environment, pause and consider the following:

  1. Are there unidentified, poorly prioritized, or unmitigated risks that need attention?
  2. Is there a sound problem solving and decision-making process in...
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7 Steps to Better Project Problem Solving project integration management quality management risk management Jun 23, 2019

Problem-solving is a skill needed for all project phases and knowledge areas.  Here are seven steps to take to improve your problem solving:

  1. Understand the problem. Remember, Einstein recommended 55 minutes to understand an hour-to-solve problem.
  2. Identify 3-5 of the best alternatives. These...
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Always Scan for External Environment Change risk management Jun 02, 2019

Good project managers, especially those working in an Agile environment that can be very internally focused on the client-team collaboration, need to continuously scan the environment for external changes that might impact their projects. Make this a part of your periodic risk assessment. These...

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5 Tips for Improved Risk Management risk management May 12, 2019

Risks can have an adverse impact on the success of your project. Here are five tips to help you successfully navigate project risk management:

  1. Identify risks early and often. Start when you are handed the project charter, continue during planning, and be sure to re-visit your risk log...
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