Simplifying Project Management | PMC = Project Management Certifications
Project Management Principle 5 states, Recognize, evaluate, and respond to the dynamic circumstances within and surrounding the project in a holistic way to positively affect project performance. Projects exist within …
Recognize, Evaluate, and Respond to System Interactions – Project Management Principle 5 Read More
Guest – Dave Wakeman In the world of project management, risk is inevitable. But how do we approach it? In this podcast episode, Dave offers three key takeaways: Remember, risk …
3 Ways to Think About Risk in Project Management Read More
Contingency Plan and Fallback Plan might seem similar but they are two different plans that are deployed at different stages. Check out the lounge fever video where we discuss the …
Difference between Contingency Plan and Fallback Plan Read More
In this Lounge Fever video, I am answering a subscriber question on the difference between Delphi Technique and Brainstorming RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe …
What is the difference between Delphi Technique and Brainstorming? Read More
In this Lounge Fever video, I am answering a subscriber question on the topic of Risk Audit RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe SHOP FOR …
What is a Risk Audit? Read More
In this video, we are discussing what exactly is a Watchlist in Risk Management RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe SHOP FOR PMP AT AMAZON INDIAhttp://amzn.to/2xjhXlS
What is a Watchlist? Read More
Secondary Risks Secondary risks are the risks that arise when you mitigate an original risk. For example, if you serve hot coffee in cold weather to ensure project team remains …
Secondary Risks | Residual Risks | Workaround | Business Risks | Pure Risks Read More
By now you would have realized that there is a lot of planning required in the Risk Management knowledge area. If not, here’s another process for you, Plan Risk Responses …
Plan Risk Responses Process Read More
An important topic within the Qualitative Risk Analysis process is the Probability and Impact matrix. This is basically a table where all the risks are plotted out according to the …
Probability and Impact Matrix Read More
Risk Categories are used to classify the risks. This further helps in the creation of the Risk Breakdown Structure (RBS). A Breakdown Structure is basically used to categorize the information. …
Risk Categories | Risk Breakdown Structure (RBS) | Risk Methodology Read More