Risk
“We make an impact based on the decisions we take out of our risk taking capacity.” Let me know your thoughts on this in reply.
Project Budgeting Tips
Here are a few project budgeting tips to keep in mind when working on the project plan and the budget. Level of details of the budget depends on the culture of the company. (In fact, in many companies, the budgeting is taken care by financial specialists who take the planning details from the project or …
Weighted Scoring Model in Portfolio Management
Project portfolio management presents a complex set of challenges: Primarily multiple projects need to be configured and managed in a way to enhance the long-term strategic value of the portfolio while considering multiple criteria and interdependencies. Value maximization has been stated as one of the key goals in project portfolio management. The starting point for …
10 Key Steps to Revive a Project
We all talk about successful projects and discuss mostly on pointers to make our project successful. However, what if a project is already in a difficult situation? For such projects, there are some common but yet critical steps that can be taken to help revive the project back. Projects commonly suffer from delays in …
Why Scrum Projects Fail?… and how to solve it?
Having discussed about the importance of project management processes in Agile Scrum in my previous blog, let us now look at the reasons why Scrum projects fail and then we shall look at the approach to solve these problems to help achieve successful Agile Scrum projects. Re-iterating some key points on Agile Scrum… We now …
5 tips to have a grip on your critical project
Some projects are very critical from the point of view of – Customer expectations – An early adopter going live who would take a decision on whether to invest in your product or services, or – Existing customer who could be a major bread earner for your company or having strong political clout. In such …
Positive Risks… How do they help in a project?
We all manage risks in a project and ensure we track them in every review meeting. We perform Risk analysis and come up with appropriate risk response strategies to mitigate or avoid them. But how often do we realize that risks can be positive as well. We call them opportunities. Way back in the earlier …
10 commandments for effective risk management
10 COMMANDMENTs FOR EFFECTIVE RISK MANAGEMENT The main idea is to list out the important aspects that can help in effective risk management. You can view the summarized video here. I – Thou shall ensure that the importance of risk management has buy in from top management. II – Thou shall involve all stakeholders during …
How to show risk information in Enterprise Project Management Dashboard
Risk is a major factor that affects all projects. In fact, statistics show that projects fail mostly because risks and issues are not managed effectively. This is evident from the fact that risks covers major areas of scope, time, cost and quality. Why I decided to write on display of risk management in Enterprise …
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