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Risk Management

10 Powerful Questions in a Checklist to Save Your Projects

The CHAOS Reports have been published every year since 1994 and are a snapshot of the state of the software development industry. The Standish Group 2015 Chaos Report studied 50,000 projects around the world, ranging from small enhancements to massive systems implementations. It revealed that 29% of the projects were successful, 52% were challenged, and 19% failed. Successful projects were defined as projects that were completed on time, on budget, with a satisfactory result. If ...

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Meet Is Murder: Alternative Solutions

Meetings are often thought of as the “necessary evil” of corporate American culture, but how truly necessary they are is increasingly coming into question. Should executives find themselves in multiple meetings a day? In an article for The New York Times Magazine, Virginia Heffernan explores alternatives to traditional meetings, as well as how to understand different personality types and how they function in mundane meetings. Reconsidering the Meeting There are two different types of people, ...

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Why Organizations Forget What They Learn from Project Failures

Mistakes are seldom the end of the world. In fact, mistakes often provide wonderful learning opportunities for organizations to grow. What becomes a problem is when organizations forget what they have learned from project failures and go back to making the same mistakes. In an article for Harvard Business Review, Francisco Polidoro Jr. explores why businesses so quickly become amnesiacs. What Do You Remember? NASA unfortunately provides a quintessential example of lessons learned and forgotten from ...

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Wishful Thinking Plagues IT Project Plans

Being overly optimistic is a rampant problem across all fields, but very prevalent in IT. IT remains unrealistic in their expectations, and worse, they are not taking responsibility for the consequences of these assumptions. An article for IEEE Spectrum by Robert N. Charette explores this pervasive problem. A Sunshiny Sickness “Hubble Psychology” is the “over optimism” disease and is often cited as the root cause for IT project failure. Basically this is the idea that ...

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How to Overcome the Most Common Mistakes in Risk Management

Good risk management demands more planning and greater creativity–two things that mediocre project managers cannot be bothered to spend their time on. But the biggest mistake you can make is believing you know everything, especially when it comes to risk management. In a post for the PM Perspectives Blog, Susanne Madsen provides a comprehensive explanation for how to overcome these common errors. Defanging Risks When risk management is done well, project managers are able to ...

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Are You Really Collaborating? Too Much Communication Also Kills Projects

The value of collaboration within a project Project management is very task-oriented: focused defining and managing of all the tasks that must be done to achieve a specific objective. To accomplish these tasks, it is important to consider the people involved and impacted by the project. A good project leader will be able to develop a positive working relationship and maximize communication within the project. Let’s take the development of an enterprise IT application to support ...

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How to Develop an Operational Risk Management Plan

Any successful organization is able to identify, evaluate, and manage any operational risk that may arise. These risks can range from a failed business process to an external event. In a post at the Project Risk Coach, Harry Hall elaborates on how to develop a plan to manage operational risk. Handling the Biggest Risks There are four types of risks organizations need to be aware of: Process risk People risk System risk External event risk ...

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How to Be a Productive Project Manager: 7 Tips

Many project managers feel overwhelmed with emails, phone calls, and meetings. They often work overtime, but few feel as though they are making progress. Although we are all given the same amount of time each day, some project managers are able to produce greater value for their organizations. Some are more engaged. Imagine yourself as a more productive project manager, one with greater capacity and energy to complete each day’s tasks. Let’s look at common ...

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8 Traps to Sidestep as an IT Innovation Leader

One of the most exciting jobs an IT pro can be tasked with is that of the innovation officer. This position allows for creative stimulation, but there are some traps that can be easily fallen into if you are not careful. In an article for ZDNet, Mary Shacklett elaborates on eight of the hurdles and how to best avoid them: Assuming there will be support for innovation Not adequately looking at the risks Not everyone ...

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Are Project Managers the Dodos of the Agile Age?

Are project managers destined to become obsolete and ultimately extinct? According to Shivam Abrol in a post for A Girl’s Guide to Project Management, in the agile age, project managers are being moved to the “endangered species” list. This need not be the case for you though. Survival Is about Adaptation So why are project managers being phased out? One reason for this is because project management has entirely changed and managers are not adapting ...

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