The Risk Blog
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The Risk Blog focuses on the education and development of current and aspiring project management and project risk managers. Russ, The owner of Forty-Four Risk PM shares his passion and extensive experience gained from his 20-year career in the US Marine Corps and his current role as a project manager in the financial sector.
The Risk Blog
3d ago
Stop Saying Risk and Opportunity; Opportunities are Risks.
Why I Do Not Like the Phrase "Risk and Opportunity"
I want to clarify something in today’s article. I’ve heard a few people say and seen some people write on “risk and opportunities.” I’ve noticed all of these conversations and articles miss one area.
Our projects do not have risks and opportunities; we only have risks.
Because opportunities are risks!
If you are studying for any of the PMI exams, you need to understand that risk encompasses both positive and negative risks. These are also opportunities (positive) and threats (negat ..read more
The Risk Blog
1w ago
A Comprehensive Guide to Tuckman's Model: Understanding the Stages of Group Development
If you are studying for the Project Management Professional, Agile Certified Professional, or Risk Management Professional certification, you need to know about the Tuckman Model (sometimes called The Tuckmans Ladder). I recommend learning about this model to either study more or kicking back with a cup of [insert your drink] and enjoy this article.
Today, we are discussing one of many concepts surrounding group dynamics. One that, if you thought about it, you have witnessed throughout any small group en ..read more
The Risk Blog
2w ago
Bust Out That Risk Matrix and Stop Skipping Qualitative Risk Analysis!
Do you take the time to analyze your risks during qualitative risk analysis? Do you have standardized risk management processes in your organization? Are your projects failing due to unforeseen circumstances?
Maybe you need to follow the PMI Pulse of the Profession 2023, which states that the third key driver for project management success is the “frequent use of standardized risk management practices.”
Today, we will review one of those standardized risk management practices: analyzing risk qualitatively.
First ..read more
The Risk Blog
3w ago
Book By: (Elizabeth Harrin)
Review for "Managing Multiple Projects"
Publisher: Kogan Page
Pages: 240
Edition: 1st Edition
Authors Pages:
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Cost/Purchase Price:
Amazon: $35.99, You can purchase the book HERE
(As an Amazon Affiliate, I earn from qualifying purchases)
Who Should Read This Book?
All Project Managers need to read this book.
We are living in a fast-paced society. More and more companies want to see more, and they want to see it now! Therefore, project managers are faced with juggling a heavier and hearvier workload to m ..read more
The Risk Blog
3w ago
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Risks Bring Project Managers and Project Risk Managers Together
To any project manager, project risk management is one of the most critical aspects of project planning. You cannot start a project without fully understanding the risk in achieving your outcome.
Could you have a problem with your schedule? – Risk
Do you have a problem with your budget going over? – Risk
Did you find a way to fast-track your schedule without spending additional funds? – still a [positive] Risk
No other element of the project lifecycle, like risk, can lead to a project going ..read more
The Risk Blog
1M ago
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Marine Corps Leadership Principles and Traits for Project Managers
Leadership in Project Management
People know The United States Marine Corps for breeding and developing Marines into leaders. With the addition of the Space Force, the Marine Corps is now the 2nd smallest branch within the Armed Services, but the Marine Leader stands out amongst the US Military.
Why is this?
From the outset of a Marine’s career, instructors and mentors instill the 14 leadership Traits and 11 leadership principles in the Marines mind. This ensures a robust groundwork for l ..read more
The Risk Blog
1M ago
The Project Risk Mangers Role In Project Management
My risk management and filling a risk managers role goes back to my experience as a Logistics Officer in the US Marine Corps. Although no one called me a risk manager, as a Logistics Officer, we did quite a lot of risk management. A quote we used to laugh about was:
“I’m a Logistics Officer, I solve problems that you don’t know you have before they ever happen.”
In addition to this humble skill of the logisticians, we were also a thankless job. Generally, no one cared about all the planning, work, and coordination we did. That was, unti ..read more
The Risk Blog
1M ago
Managing Project Tips for Success
This post may sound elementary and overly simple, but it is something that even senior and more experienced project managers get wrong.
The following information are the “Basics” of project management, which all project managers should learn to master.
In the Marine Corps, we preached understanding the basics of Marine Corps tactics. We called it “Brilliance in the Basics”. If you can understand and employ the basics, you will be prepared to handle the situation when more complicated scenarios come into play.
So, let us start by stating the importance of pr ..read more
The Risk Blog
1M ago
Review for: Scrum: The Art of Doing Twice the Work in Half the Time
Book By: Jeff Sutherland and J.J. Sutherland
Scrum: The Art of Doing Twice the Work in Half the Time
Publisher: Crown Currency
Pages: 248
Edition: First Edition
Authors Pages:
Jeff Sutherland
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J.J. Sutherland
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Cost/Purchase Price:
Amazon: Scrum: The Art of Doing Twice the Work in Half the Time
(As an Amazon Affiliate, I earn from qualifying purchases)
Who Should Read?
SCRUM: The Process of Doing Twice the Work in Half the Time should be a mandatory reading for ..read more
The Risk Blog
1M ago
Review for: Strategic Project Management Made Simple: Solution Tools For Leaders and Teams
Book By: Terry Dean Schmidt
Strategic Project Management Made Simple
Publisher: Wiley Pages: 224* Edition: Second Edition
Authors Pages:
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Cost/Purchase Price:
Amazon: Strategic Project Management Made Simple
(As an Amazon Associate, I earn from qualifying purchases)
Who Should Read?
Strategic Project Management Made Simple is a must-read for project managers, their project teams, and anyone who drives organizational change. Terry’s book i ..read more