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5 Superior Stakeholder Questions for Project Leaders to Ask project integration management risk management stakeholder management Mar 22, 2020

Whether you are a project manager or a business analyst, these five open-ended questions posed to the project sponsor and other senior executives can get you vital information you need for project success in a short amount of time:

  1. What does success look like to you? – Learn what is most valuable to manage the triple constraints appropriately.
  2. What are your biggest challenges and...
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50 Top Global Thought Leaders on Risk Management risk management Mar 16, 2020

Honored to be named #8 of 50 Top Global Thought Leaders on Risk Management (March 2020) by Thinkers360. See more here:

Top 50 Global Thought Leaders on Risk Management

Top 50 Global Thought Leaders on Risk Management

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5 Tips for Project Leaders to Effectively Handle Issues risk management Feb 09, 2020

Ever work on a project where it seemed like there were constant issues? Here are some tips to both avoid getting into this state and effectively handling the issues if you do.

  1. Have a robust risk management process. Issues are risks that "happened," so proactively identifying potential issues upfront will help you avoid or manage them.
  2. Have a robust risk response planning process. A robust...
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5 Leadership Competencies Needed for Times of Project Crisis communications management risk management Jan 19, 2020

When issues escalate into crises, these five leadership competencies are essential for project leaders to both weather the immediate storm and confidently move toward the future. It is difficult to recover when both being blamed for the crisis and taking the wrong management steps.

  1. Build an environment of trust. Given the importance of trust, this should already be in place and continued in a...
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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. Document your process in a robust risk management plan. Frequently this document, once completed, is...
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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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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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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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