Managing Project Assumptions & Risks
We make hundreds of assumptions and take small risks daily. Without them, we would spend innumerable hours worrying about everything. We assume our car will […]
Tag: Risk Management
Unlock the Power of the Project Management Plan
The project management plan (Plan) is a powerful tool. It describes how the project will be executed. It should be tailored based on the project’s […]
Economics 101 for Project Managers
Economics is the social science that studies making choices subject to constraints. Project, program, and portfolio managers make economic decisions daily. We try to maximize […]
Project Assumptions & Risks
Assumptions and risks are embedded in our daily lives. We expect the day will unfold as planned, and risks will not materialize. Most of these […]
An Ounce of Prevention is Worth a Pound of Cure
Ben Franklin was a an American founding father, inventor, diplomat, and philosopher. He also wrote Poor Richard’s Almanac which contained information for farmers and timeless adages. […]
Rain, Flight Delays, and Risk Management
It was almost midnight. Our 3-hour trip from Budapest through Frankfurt to Milan was now a 10-hour adventure. Our bags were coming off the luggage […]
Project Management for Ordinary People
Most people don’t understand what project managers do! When people ask my wife what I do, she shows them my LinkedIn® profile. After “Bring Your […]
Peering into the Crystal Ball: 7 Tips for Successful Project Risk Management
Managing risk is a core knowledge area in The Guide to Project Management Book of Knowledge (PMBOK ®). According to the PMI’s Pulse on the […]
Projects and Probabilities—A Dangerous Combination
“Lies, damned lies, and statistics”…Mark Twain Project managers need to be very careful how they use probabilities and statistics when discussing their projects. Individual projects […]