Your Guide to Project Management Best Practices

Author: Eric Morkovich

The plan and process of risk management

PM Tips & Ideas

Defining Risk Management Plan and Process Lifecycle

The gurus of project management point out that a sound risk management plan can decrease the rate of project failure by as much as 60-70 percent. Such a plan in combination with a well-defined risk management process will help the project manager and senior stakeholders to identify and solve most potential problems and also anticipate and respond to changes occurring throughout the project lifecycle. Planning for risk management appears to be critical to project success, allowing the team to prevent loss and avoid jerk reactions.

Managing virtual teams

Teamwork & Leadership

Virtual Teams – Definition, Management, Benefits, and Improvement

Today most business organizations involved in project management prefer building virtual teams and remote groups for managing outsourced projects and overseas activities. Virtual team management appears to be the way to organize and coordinate the activities of team members being in different locations. The importance of virtual team management and building takes the primary role when there’s a need to control the effort and time of remote workers.

Using Project Implementation Plan to Produce Deliverables

PM Tips & Ideas

Using Project Implementation Plan to Produce Deliverables

As an effective project manager, you always strive at organizing scarce project resources, working under tight deadlines, applying reactive decision making, controlling project change, and generating maximum team performance. All the actions are about implementation of your project. Although the business case for your project has been perfectly developed and you have reached an agreement with the project stakeholders, implementing the project may turn into a complicated task that you are hardy to complete.

managing project risks

PM Tips & Ideas

Managing project risks – Learning project risk definition and undertaking risk management process

If you start reading project management literature, you may find there various definitions of project risk. The variety of project risk definitions is caused by the fact that each kind of project (e.g. IT projects and construction projects) may have specific kinds of risks that influence project results. However, the nature of project risks is the same for every kind of project, so there should be common definition of risks. In this article the following project risk definition is used: A project risk refers to a combination of probabilities that cause an event’s appearance and the outcomes that the event produces. Project risks can be identified, estimated, assessed and controlled within project risk management activities.