Craig Schwarze _ProjectBalm_ Atlassian Partner

The professional services firm MNP recently prepared a report called "Risk Trends in 2024 and Beyond" based on real-life risk auditing across numerous organizations. Following is a summary of the key trends they see dominating the enterprise risk landscape in the coming year. * Cybersecurity Challenges: The pandemic has…

Risk management professionals continually seek new methods and processes to improve their outcomes. They typically have a preference for empirical tools, which are grounded in objective data and quantitative analysis, as a way to reduce uncertainty and subjectivity in risk management. The appeal of these tools lies in…

Success in project management is deeply rooted in the ability to identify risks, and expert practitioners have developed various techniques to accomplish this systematically. We can categorize these techniques into past, present, and future perspectives, with each category offering a unique lens through which risks can be…

In the world of project management, structured risk management is no longer an optional extra; it's a must-have. But project managers can't do it all alone. Their teams must also be aware of and committed to the risk management process. This article suggests four essential strategies to secure team buy-in for risk…

ISO 31000 is an international standard that provides guidelines and principles for creating a risk management framework and process. It offers a systematic approach for organizations to identify, assess, manage, and monitor risks to achieve their objectives, make informed decisions, and safeguard their assets. Although ISO…

A risk is an uncertain event that could significantly affect your project or organization. Such risks are typically evaluated on two key parameters: impact and probability. The term "impact" denotes the potential consequences of the uncertain event, whereas "probability" quantifies the likelihood of the event happening.…

In risk management, as in many fields, the quality of the foundational data determines the effectiveness of the entire process. Just as a master chef requires the finest ingredients to produce a gourmet dish, so a skilled risk manager requires quality information inputs. And just as a chef will always taste the meal before…

Spreadsheets have been an integral part of the computing landscape for over forty years. Although first devised to replace paper-based accounting worksheets, they have evolved into generalized data storage tools that organizations use for a wide variety of functions. The use of spreadsheets to store risk data is…

For nearly thirty years, a research company called The Standish Group has been preparing an annual paper called The Chaos Report, which surveys thousands of companies about the success of their software projects. The results of these surveys have been consistent for the past few years. Roughly 40% of projects are deemed…

Risk management is more important than ever, but many project managers struggle to implement it effectively. Here are five simple tips to help you get better results. Secure Commitment from Key Stakeholders The most influential stakeholders can inadvertently hinder the risk management process by not fully endorsing or…

Risk management is a cornerstone of effective business operations, particularly within the context of project execution and enterprise-level decision-making. Categorization is an important part of this process. By dividing risks into distinct categories, businesses can promote clarity, foster efficient resource allocation,…

In today's highly volatile and complex business environment, the need for managing and mitigating risk has grown more significant than ever. As a result, an increasing number of organizations are hiring risk managers to supervise the corporate response to risk. This critical role ensures a strategic approach to reducing…

Risk management is an essential discipline for any project or organization. A critical part of this process involves the creation of risk responses, which are plans of action designed to address the identified threats. Crafting an effective risk response requires a thorough understanding of the potential risk, careful…

Risk management is an integral part of the business landscape. Reviewing past events, or performing risk retrospectives, is a critical element of effective risk management, generating valuable lessons and guiding organizations around future pitfalls. Risk retrospectives systematically examine past risks, both those that…

Risk management is the heartbeat of every thriving business, steering it toward stability and success. Central to this process is risk assessment, where we measure the probability and likelihood of the identified threats. In an ideal world, risk assessment is an exercise in objectivity and careful prediction. However, an…

Risk is everywhere - in our domestic lives, our social situations, and particularly in our business activities. Some vendors guarantee "risk-free" projects, but this is invariably a false promise. All projects carry risk, and following are some of the reasons why: * Uniqueness: Each project stands alone in its essence,…

In today's global environment, we are entangled in a financial crisis marked by damaging inflation and a powerful credit squeeze, affecting businesses and consumers alike. As seen in several high-profile bank failures, not even our venerable banking industry has been spared. Amidst this chaos, political leaders struggle to…

It's common to hear grumbles about overly detailed Risk Registers. These documents, designed to log potential project threats, often become cluttered with every imaginable problem, many of which are routinely handled by standard project operations. The unintended consequence? An unwieldy, cumbersome register overflowing…

Organizational risk management has often focused on identifying and mitigating immediate threats. This is hardly surprising! However, as the business environment becomes increasingly complex and unpredictable, there is a growing need for more forward-thinking approaches. One method to facilitate this is Futures Thinking,…

Risk management is all about staying ahead of the game, and effective communication is the secret sauce enabling this. To build a thriving risk culture and align objectives, we need to not only understand risks but also communicate them in a way that resonates with stakeholders. But sometimes, things get lost in…

Socrates: Good day, Skeptic! I see that you are deep in thought. What is it that occupies your mind today? Skeptic: Greetings, Socrates! I was pondering the concept of risk management. To be honest, I don't see the value in it. After all, unpredictable events will happen regardless of our preparations. Socrates: An…

In the whirlwind of modern society, organizations find themselves at the mercy of numerous risks, poised to undermine their operations, reputation, or even their survival. The risk management process, consisting of steps such as identification, prioritization, response planning, and implementation, is critical to…

When our app tries to retrieve the data field scheme for a particular project, we are getting this error "no fieldlayoutscheme found for id xxx" This error is only happening on one project. Is anyone aware of what could be causing this and how to resolve it? thanks, Craig

Effective risk prioritization is a cornerstone of successful business operations, ensuring that you focus resources on your most pressing threats. This article explores the advantages of a simplified approach to risk prioritization, resulting in improved risk management outcomes. As business writer Stephen Covey stated,…

In a complex and unpredictable world, skillful risk management is crucial if we want exceptional project outcomes. At the heart of this process lies the recognition and evaluation of assumptions. According to the PMBOK, assumptions are "factors in the planning process that are considered to be true, real, or certain,…