Project Management - KEVOS

Sign in Subscribe

Project Management

Project management is turning ideas into reality, by leveraging human effort and technology. You orchestrate tasks, resources, and stakeholders to achieve a common goal. Embrace challenges, celebrate triumphs, and make an impact. Let's journey towards project management excellence where dreams become reality and the impossible becomes possible.

A Comprehensive Guide to Risk Management in the Project Initiation Phase

Risk Management

A Comprehensive Guide to Risk Management in the Project Initiation Phase

Project risk management is an essential process for organizations to minimize potential losses and ensure the successful completion of projects. The initiation phase is one of the most crucial stages of project risk management. At this stage, organizations must take significant steps to identify, evaluate, and mitigate potential risks. Organizations

'Black Swan' and a 'Perfect Storm'

Risk Management

'Black Swan' and a 'Perfect Storm'

The topic of risk management is a crucial aspect of any project or business, and different methodologies can be used to identify and manage risks. A comparison of various risk process methodologies is presented in a diagram by Hillson. However, the question remains whether one method is superior to another,

Risk Management: The Art of Transforming Challenges into Opportunities

Risk Management

Risk Management: The Art of Transforming Challenges into Opportunities

PMBOK Guide's Chapter 11 covers risk management and offers a framework for identifying, analyzing, and responding to project risks. We've simplified the text for easier understanding, and this document serves as support material for PMBOK.

The Art of Calculated Courage: Embracing Risk Management for Unstoppable Growth

Risk Management

The Art of Calculated Courage: Embracing Risk Management for Unstoppable Growth

Risk at the Initiation Phase The initiation phase of a project is a crucial stage where organizations carefully consider the risks involved before deciding whether to proceed. The process involves identifying, assessing, and prioritizing potential risks to the project's success. One of the key ways organizations manage risk

What is Black Swan and Perfect Storm?

Risk Management

What is Black Swan and Perfect Storm?

The terms 'Black Swan' and 'Perfect Storm' are used to describe events that are unexpected and have a significant impact. Black Swan events refer to the reaction that is completely unknown and off the radar of the risk analysis. These events can be known to some

Project Risk VS. Organisational Risk

Risk Management

Project Risk VS. Organisational Risk

Projects are complex undertakings that require careful planning and management in order to achieve their objectives. According to David Hillson's book, project risk management has unique characteristics that set it apart from general organizational risk management. These characteristics include the complexity of the project, the assumptions and constraints

The Agile Principles

Risk Management

The Agile Principles

Agile Principles are a helpful set of guiding concepts that can assist project teams in implementing agile projects successfully. These principles can be used to implement agile methodologies in your projects. The principles include being flexible, working closely with customers throughout the project, ensuring that the final solution meets the

PMBOK® Guide and Risk Management

Risk Management

PMBOK® Guide and Risk Management

The PMI PMBOK® Guide is an important tool that helps individuals manage risk events and overall project risks in a proactive manner, thereby increasing the chances of project success by minimizing threats and maximizing opportunities. Risk is considered a crucial aspect of project management and is one of the nine

ISO 31000:2009 Risk management

Risk Management

ISO 31000:2009 Risk management

In this article, we will be focusing on two popular methods of managing risk in projects, namely the Australian risk standard AS/NZ ISO 31000:2009 and the PMBOK® Guide approach. As an aspiring project manager, it is crucial to be familiar with these methods and to be able to

Case study on risk management: Unlocking business potential through effective risk management.

Risk Management

Case study on risk management: Unlocking business potential through effective risk management.

Battery storage of power: What are the positive opportunities and risks? Battery storage technology is rapidly evolving, and the Tesla Powerwall is an excellent example of the latest advancements that can help businesses rethink their energy usage. However, there are certain risks associated with new technology, such as the Powerwall&

Risk Management: A Transformational Journey Towards Organizational Mastery

Risk Management

Risk Management: A Transformational Journey Towards Organizational Mastery

If you are wondering how well developed are your organization's risk practices, then the following information might be helpful. To be at Step 5, your organization should have already established various guidelines and policies that cover or include risk management, which are endorsed by the Board or Executive.

Embracing Uncertainty: Navigating the Landscape of Risk Management

Risk Management

Embracing Uncertainty: Navigating the Landscape of Risk Management

Risk management as it is practiced today is a relatively new phenomenon, originating post-1960s. Due to the increasing complexity of organizational structures, globalization, high rates of technical change, and increased specialization of labor, the consequences of poor decisions have become more severe. To survive and thrive in this environment, organizations

Assess and improve your risk management approach with newfound confidence.

Risk Management

Assess and improve your risk management approach with newfound confidence.

Assess your approach to risk management in light of your newfound knowledge. Create a plan of action to enhance your future project risk management with newfound confidence and purpose.

A Practical Risk Management Guide for Achieving Organizational Success

Risk Management

A Practical Risk Management Guide for Achieving Organizational Success

Project management is an intricate process that requires a lot of attention to detail, particularly when it comes to managing risk. This course will delve into the Australian Standard for Risk Management, AS/NZ ISO 31000:2009, and the PMBOK® Guide approach to managing risk in projects. These two risk

Leading Projects to the Next Level: Directing & Managing Project Execution

Project Principles

Leading Projects to the Next Level: Directing & Managing Project Execution

During the third phase of the project, which is the execution phase, the project manager is responsible for directing and managing the project execution. This phase involves carrying out all the activities and tasks as outlined in the Project Management Plan. The purpose of this phase is to execute project

Learning from the Past: How Post-Project Reviews Can Help You Succeed in the Future/

Project Management

Learning from the Past: How Post-Project Reviews Can Help You Succeed in the Future/

Post-project reviews are an important learning mechanism that is often underestimated. By sharing insights and lessons learned, they can help organizations improve their processes and outcomes. They show effective dissemination of knowledge, correct errors, and predict outcomes of projects.

A New Beginning: Project Finalisation and Transition

Project Principles

A New Beginning: Project Finalisation and Transition

One of the most critical phases in project management is Project Finalisation, and it is the responsibility of the project manager to ensure that all activities are completed before closing the project. This stage involves several crucial activities, including checking and confirming that all work is complete, completing the project

The Quest for Project Success: A Journey to Achieve the Extraordinary

Project Principles

The Quest for Project Success: A Journey to Achieve the Extraordinary

The concept of project success is a subjective term, as it can be perceived in various ways. A project could be considered as a political success, despite being a physical failure, as exemplified by the Aswan Dam. Therefore, the success of a project depends on the perspective from which it

Toast to Success: Closing Project Procurements with Perfection

Project Principles

Toast to Success: Closing Project Procurements with Perfection

Managing procurement effectively is a critical part of project management. When a project involves procurement, it is essential to ensure that each individual procurement has a proper closing process in place. The purpose of the closing process is to verify that all work and deliverables have been completed in accordance

The Pareto Principle and Its Application in Risk Management

Risk Management

The Pareto Principle and Its Application in Risk Management

The Pareto Principle, also known as the 80/20 rule, is a widely accepted observation that suggests that roughly 80% of the effects come from 20% of the causes. This principle has been found to be applicable to a wide range of fields, including economics, business, and nature. In practical

How to Harness the Power of Project Management to Achieve Your Goals

How to Harness the Power of Project Management to Achieve Your Goals

Familiarizing oneself with the fundamental principles of project management is an essential aspect of achieving success in various domains. We engage in projects every day, be it collaborating with a team, recruiting new members, launching a marketing campaign, or managing finances. Without adequate project management skills, the risk of failure

How to Rise Above the Ashes of a Stuck Construction Project

How to Rise Above the Ashes of a Stuck Construction Project

It is not uncommon for building construction projects to experience delays and ultimately end up abandoned. This can be a frustrating and costly experience for all involved. However, there are several key reasons why this may occur that should be examined in order to effectively restart and complete the project.

The Art of Crafting a Project Report: What, Why, and How

The Art of Crafting a Project Report: What, Why, and How

The Tangible and Intangible Benefits of Project Effective communication is a vital component of any successful business, and one of the most critical aspects of communication is providing a comprehensive and detailed description of your organization. This description should cover various aspects like growth, financial status, capability, and future plans

The Project Manager's Secret Weapon

Project Principles

The Project Manager's Secret Weapon

To achieve project success, project managers must continuously improve by assessing outcomes and procedures through metrics, stakeholder input, and post-project evaluations. This optimizes their chances of success in the future.

How to Reduce Project Cycle Time and Save Money

Project Principles

How to Reduce Project Cycle Time and Save Money

Let's see an interesting and informative look at the challenges of project management. It highlights the fact that even large and well-funded projects can often go wrong, and it identifies some of the reasons why this happens.