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Russell Woods
Russell Woods
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Great insights on how to monitor and close out expired risks in project management!
On Monitor and close out expired risks
Good point. Stakeholder analysis can provide insights into risk tolerances and preferences.
On Calculate the risk the organization can absorb (e.g., financial, scope, environmental, technical, legal, schedule, quality, contract, etc.)
Really good information for someone preparing for the PMI-RMP exam.
On Execute the risk response plan(s)
Thanks, this blog post clarified many doubts I had regarding aligning risk management processes with performance metrics.
On Analyze risk data and process performance information against established metrics
In smaller organizations, you can start with a basic risk matrix and customize it as per your specific needs. Simplified…
On Confirm risk thresholds based on risk appetites
Facilitate a workshop to reach a consensus. Consider using a third-party mediator if necessary.
On Confirm risk thresholds based on risk appetites
I think the post missed out on the importance of stakeholder analysis in risk management.
On Calculate the risk the organization can absorb (e.g., financial, scope, environmental, technical, legal, schedule, quality, contract, etc.)
This blog post is a bit too basic, it lacked advanced techniques for alignment.
On Optimize alignment between stakeholder needs, expectations, and project objectives
I appreciate how the blog emphasizes the use of 'what if' scenarios. It's a powerful way to anticipate potential failures.
On Monitor the metrics (for example, by forecasting, analyzing variances, developing “what if” scenarios and simulations, and utilizing causal analysis) in order to take corrective actions in the program and maintain and/or potentially improve benefits realization.
For technical projects, I've found that creating video tutorials is really effective.
On Maintain team and knowledge transfer
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