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ITMPI FLAT 003
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Risk Management

3 Sources of Project Failure

Project failure is like a mental allergy that project managers all try to avoid. There are various reasons behind the big flop, but certain key factors that all project managers need to pay attention to are the same. James Mukoma, in a post at his blog, talks about these all-too-common reasons that explain a project failure and how to avoid these traps: Overpromising and under-delivering Micromanaging Withholding important information Playing with Fire Many project managers ...

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5 Takeaways from Failed Projects

Projects can go off the rails and fail at any point for a number of reasons. It’s painful, but you either learn from it and move forward, or keep repeating the same mistake. Brad Egeland, in writing for Project Times, shares a list of key lessons that project managers can learn to avoid making a mistake more than once—because he has suffered project failures for these reasons himself: Always conduct lessons learned. Peer reviews of ...

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Are You Tired of Missing Big Project Risks? 3 Ways to Stop It

I have had the privilege of managing two PMOs, both composed of several project managers. It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. And these individuals did not perform the risk identification just once at the beginning of their projects. Rather, they had a habit of making time to reevaluate their projects with an eye toward new risks. Wise project ...

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5 Ways IT Projects Can Fail

IT project failures can repeat like seasons if a project team keeps stepping on the same rake. Some project managers never learn a lesson from their past experience and improve, while others seeks change and innovation. IT projects are prone to unexpected errors, bad time management, or lack of monitoring. In an article for DZone, Joe Lewis lists five mistakes that can be made in project management: Lack of executive buy-in Overly optimistic timelines Poor ...

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10 Steps to Resolve Project Management Crisis

A project crisis implies failed expectations, poor communications, improper conduct, and lack of understanding between a project team and stakeholders. Crises can come in different sizes and shapes, whether financial, technological, or public relations. Whichever you are dealing with, there are steps to take during a crisis to prevent or mitigate the damage it can cause to your project. Dmitriy Nizhebetskiy, in a post for Project Management Basics, suggests an action plan with 10 steps ...

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10 Trends for the Future of Organizational Risk

Business risks have certainly changed a lot over the past few years, technology-related or otherwise. New opportunities and new challenges are all over the headlines, and they force business leaders to wake up every day with a response strategy on hand. So what should business leaders prepare for? A new report from Deloitte profiles 10 trends that have the potential to change the risk landscape and how organizations respond to risk: Cognitive technologies augment human ...

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4 Customer Disruptions That Can Halt Your Team’s Progress

Like a martial artist striking specific pressure points on an opponent’s body, just a few distractions can destroy the whole workday. The good news is that organizations and managers can actually help reduce distractions in the workplace. Maura Thomas says in an article at Harvard Business Review that many leaders don’t know that they are trapped in the following four situations that prevent a team from focusing on producing its best work: They create an ...

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Is There a Difference between a Risk Audit and a Risk Review?

Having a good risk management plan (RMP) is something as basic as having a breakfast every day. It helps you steer potential risks before they become actual problems that can cost you time and money. As a part of the RMP, risk review or risk audit serves to inform the fault tree analysis (FTA) about the project’s risk, and provide the grantee with recommendations to strengthen the project. What confuses some is the distinction between ...

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7 All-Too-Common Quality Management Mistakes You Can Avoid

Many organizations have taken the key step of developing a quality management plan to improve their project quality. However, things don’t always work in the most desirable fashion, and a quality management plan is not a quality insurance card. The Project Risk Coach Harry Hall points out seven common mistakes that you may easily make in developing a quality management plan: Failure to define quality Failure to develop requirements Failure to right-size your quality management ...

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5 Deadly Mistakes in IT Operations to Avoid

The life of IT operations is stressful. They need to introduce more business functionality and minimize digital spending, all while trying not to make mistakes that hinder the ability to respond to business needs. Bernd Harzog, in an article for Network World, lists five IT operations mistakes that can have disastrous results on the company: Letting security rule the roost Organizing by IT silo Organizing by IT layer Firing all of your smart domain experts ...

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