The Risk Identification Process produces a list of potential risks. Not all of these risks deserve attention. Some are trivial and can be ignored, while others pose serious threats to the welfare of the project. Managers have to develop methods for sifting through the list of risks, eliminating inconsequential or redundant ones and stratifying worthy…
Risk Management Framework: Risk Identification
The risk management framework begins by trying to generate a list of all the possible risks that could affect the project. Typically the project manager pulls together, during the planning phase, a risk management team consisting of core team members and other relevant stakeholders. The team uses brainstorming and other problem identifying techniques to identify…
Risk Management Framework
As stated in the Risk Management Guide Contents article, this is the first part of the series and I will dive directly into the subject without much introduction. This figure presents a graphic model of the risk management framework challenge. The chances of a risk event occurring (e.g., an error in time estimates, cost estimates,…
Risk Management Guide
You’ve got to go out on a limb sometimes because that’s where the fruit is. —-Will Rogers Every project manager understands risks are inherent in projects. No amount of planning can overcome risk, or the inability to control chance events. In the context of projects, risk is an uncertain event or condition that, if it…
Shit Project Managers Say (Video)
Just a few things you may hear from your everyday project managers… Enjoy!
Managing Customer Relationships
In previous articles I have emphasized that ultimate success is not determined by weather the project was completed on time, within budget, or according to specifications, but whether the customer is satisfied with what has been accomplished. Customer satisfaction is the bottom line. Bad news travels faster and further than good news. For every happy…
Negotiating – Uncovering It’s Secrets
Effective negotiating is critical to successful collaboration. All it takes is one key problem to explode to convert a sense of “we” into “us versus them.” At the same time, negotiating is pervasive through all aspects of project management work. Successful Negotiating – Requirements Project managers must negotiate support and funding from top management. They…
Negotiation – 4 Key Points To Increase Your Effectiveness
The introduction to the art of negotiation can be found here. I encourage you to read that first to get the an introduction to the topic and then come back to this article. I have provided links between the two for easy navigation. Negotiation Framework Fisher and Ury from the Harvard Negotiation Project champion an…
Did it happen to you? Are You The Project Management Expert?
Work and no pleasure is not the way to go.(Obviously!) So we have decided to go out there and find some funny project management clips and put some smiles on those faces. We start off with one of the most viewed ones on the internet: The project management expert. We would like to thank the…
Dealing With Unreasonable People the BATNA Framework
Most people working on projects realize that in the long run it is beneficial to work toward mutually satisfying solutions. Still, occasionally you encounter someone who has a dominant win/lose attitude about life and will be difficult to deal with. Fisher and Ury recommend that you use negotiation jujitsu when dealing with unreasonable people, such…