To earn a Project Management Institute (PMI) certification, project managers must know risk response strategies for mitigation, avoidance, transfer, exploitation, enhancement, sharing, and acceptance. All projects have risks; thus, project managers must plan risk responses to ensure positive project outcomes. On this page: What is Risk Mitigation PMP or Mitigate Risk PMP? PMP Risk Mitigation […]
Risk Analysis and Risk Management are fundamental concepts for Project Management Professionals (PMP)®. You must be able to mitigate surprises and disruptions, and while creating a risk management plan is an essential step, it doesn’t address the specific risks your project faces. Two critical tools: a risk report and a risk register, identify and detail
In the decades since the Agile Manifesto was written as a set of values promoting trust, collaboration, and respect, project management has dramatically evolved. The Agile Manifesto values are not limited to software development or project management. They can also be applied to various industries as “Agile Transformation” is part of their organizational development. Agile
For survival, businesses must balance sustainable infrastructure with the ability to quickly adapt to evolving customer needs, resource availability, and market competition. Agile methodologies enable project teams to get deliverables to market faster through iterative development processes. The same mentality of continuous improvement and incorporating innovation can be applied to an entire organization when an
Risk management is a big part of the Project Management Professional (PMP)® exam. To prepare, you’ll need to understand the types of risks that influence your project. All these uncertain events and their impacts are called project risks. This article will look at four different types of project risks. On this page: What is Risk?
Enterprise project portfolio management, or EPPM, is a way to align all projects and portfolios with strategic objectives. It’s a centralized system that can see what everyone is working on. In short, when everyone is on the same page, projects are more successful. In this article, we’ll explain the process of EPPM, some challenges and
Several questions on the Project Management Professional (PMP)® exam test your ability to manage and identify risks. But did you know there are several different types of risks? In this article, we’ll introduce you to two less-talked-about risks: secondary and residual risks. We’ll discuss why they need to be addressed along with the initial risks.
Project Management Institute’s (PMI) inclusion of risk management skills in multiple PMI certifications indicates the importance of risk across industries and in all projects. The risk management process includes risk identification and risk assessment. During an assessment, the project manager uses standard risk tools and quality data to help the team better avert later problems,
Project Management Institute (PMI) oversees multiple project management certification programs, such as the Project Management Professional (PMP)®. Every PMI certification has specific Professional Development Unit (PDU) requirements for credential maintenance. All PDU work is tracked against the three branches of the PMI Talent Triangle®: Ways of Working, Power Skills, and Business Acumen. On this page:
Once you have earned a certification from Project Management Institute® (PMI), the clock starts ticking. You need to start thinking about earning Professional Development Units (PDUs). These are continuing education activities, including directed-learning courses and self-directed activities, and they are required to keep your certification active. They also keep your leadership and project skills up
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