We know that each PMO is slightly different, and what a PMO does is different in every organization. However, there are certain things that PMOs have in common. If you want to be seen as a value-adding team, who helps project managers get their work done, then you should consider having these ten PMO processes […]
Risk Management
7 Risk Management Techniques You Should Know
Risk management techniques go far beyond writing down the risk name and description in a spreadsheet. Below we look at 7 risk management techniques that you can use to identify and manage risk on your projects. 1. Ishikawa Diagram You might know this one as the fishbone diagram, or the cause and effect diagram. Named […]
How Digital Disruption is Affecting Risk Management
How Digital Disruption is Affecting Risk Management How much computing power do you carry with you? Between a smart watch, your phone and the tablet computer you can slide easily into your bag, you probably walk around with more computing power than the first space rockets. Digital disruption is the idea that technology is bringing […]
Video – Understanding the Deltek Acumen Risk Exposure Chart
The following video is a live demonstration of a risk analysis process being performed in Deltek Acumen. Once the analysis has been completed, you will see an explanation of the resulting in the Deltek Acumen Risk Exposure chart. To give you a basic explanation, the Deltek Acumen Risk Exposure chart is a combination histogram and […]
The 3 Must-Have Roles for Risk Management
The 3 Must-Have Roles for Risk Management When you think of risk management, what springs to mind first? For many people, it’s something like a risk discussion on a project aimed at uncovering risks or a log of project risks. Perhaps you think of a process for managing risk on projects. Whatever comes to mind […]
What Risk Management Technology Should You Use?
Do you really need risk management technology in your business? There are some advanced IT systems on the market that are used for risk management, but they might not be right for you. In this article we’ll look at 4 different types of risk management functionality that you’ll find in software products – either built […]
7 Common Pitfalls for Risk Management and How to Avoid Them
Common Pitfalls for Risk Management Once you’ve arrived at the point where you are ready to implement risk management in your business, it’s worth taking a bit of time to identify what needs to happen next. One of the useful things to do at this time is to consider what might trip you up and […]
How Your PMO Can Add Value To Your Organization
We hear a lot of executives talk about how their PMO can add value add value but people aren’t always clear what they mean by that. And even if they do know what they are striving for, the PMO team sometimes struggle to work out what it really looks like in practice. In this article […]
3 Layers for Risk Management
Creating a risk management approach and culture in an organization can seem like a huge challenge. However, if you break it down it’s really all about getting these three layers in place for your business: Adequate management process Systems of control Governance Once you’ve addressed those points, you’ll find that your risk management approach falls […]
What Does It Mean To Have a Risk Culture?
People talk about having an organizational risk culture that recognizes risk, and where risk management is embedded throughout the layers of the company. But what does that actually mean? Below we look at four things that you’ll see in organizations with a risk culture so that you can decide if your business is on the […]