According to Businessdictionary.com, a risk is defined as "a probability or threat of damage, injury,
liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities,
and that may be avoided through preemptive action." While it is not always the most pleasant thing to
think about, the components of this definition directly relate to project management. There is always a
threat or hazard to deal with that may negatively impact your project. Whether it be related to budget,
ethics, or meeting completion, the risk of not meeting your goals or project failure looms large. The
numbers show that many project managers do have legitimate worries regarding project management success:
The Certified Associate Project Manager (CAPM®) is an entry-level project management certification for those
interested in a project management career. The CAPM® requires 1,500 hours of project experience or
23 hours of training to ensure understanding of standard project management terminology and best practices.
Possessing the CAPM® demonstrates that one has successfully obtain that knowledge which places contenders at
an advantage when applying for PM positions versus applicants without any certification.
Savvy project managers know that overseeing a project doesn't come cheap. There are many resources involved,
and the two most precious are time and money. The very nature of project management makes it challenging for
project managers to keep things affordable. Whether it is compensating team members, purchasing needed software
and tools, or handling scope and spec changes, the cost can begin to add up. The battle to stay in budget and
efficiently manage expenses is one that project managers will always have to fight. If you are finding yourself
in this position, know that you are not alone.
Project management has evolved from an abstract concept of in-office management to a necessary business principle.
Today’s professionals can become certified in project management and spend their entire career in a related role.
The rise of innovation and customer-centric ideals have led to greater attention spent on project management concepts.
Two, in particular, have risen to the top: agile and waterfall.
With PMTraining’s Gold sponsorship at the PMI Global Conference in Los Angeles next week,
all attendees are invited to visit our corner to build your personal career brand!
Our LinkedIn Corner & Headshot Lounge will offer one-on-one or group professional
profile development coaching that every professional can benefit from. You will
walk away with powerful career insights, LinkedIn profile reviews, and project management
training recommendations to take your career to the next level. If you need a
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schedule time in the headshot lounge. Please note that availability is on a first-come,
Project management is usually one of those topics, that when I begin to discuss it, people’s eyes begin
to roll right back into their heads. When I dare talk about project management tools, I am quickly left
standing talking to myself.
The life of a project manager can be hectic, chaotic, and stressful. Managing deadlines,
regulating scope, and steering teams in the right direction all while staying under budget
are skills project managers must continue to develop throughout their career. Seeing how
the day can come and go so quickly, it makes sense that managers are not always paying
attention to external information.
The world of project management is dynamic and ever-changing. Regardless of the industry,
the advent of new technologies, globalization, employee work preferences, and ever-expanding
budgets brings volatility to project management.
PMTraining was recently named the #1 course for 2018 by Crush the PM Exam, the industry's
leading prep course review site.
Wondering what makes the difference between a good project manager and a great one?
Check out our article for tips on how to improve your own performance as a project manager.
Check out our article on how to spot the warning signs of a project in trouble before its too late.
Ever wonder what some common pitfalls are in project management?
Check out our article on how to spot some common mistakes.
Don't let bad bosses effect your own performance. Read this article and understand how to
manage those who can't manage.
Are you starting a new project? Here are some great tips on how to properly communicate
with your stakeholders.
When it comes to project management, no project will run perfectly.
Here are some common pitfalls to check for regularly.
When you are running a project, your team is only as strong as your weakest link.
How to keep your cool and ensure you can resolve conflict both on your team, and externally.
Interested in learning the benefits of the PMP certification? This article acts as a great primer.
Communication is critical to effective project management. Learn how to engage your team and stakeholders the right way.
Being a project manager is a lot like coaching a team. Find out why!
Learn how to deal with clients who are too swamped to be engaged stakeholders.