Category: Risk Management

IT project risks
Risk Management

What Are the Most Common Types of Risk That Can Impact IT Projects?

Information Technology (IT) projects are complex, often involving multiple stakeholders, evolving technologies, tight timelines, and significant financial investments. As with any type of project, risks are an inherent part of the process. However, the fast-paced nature of the IT industry, with its ever-changing technologies and market demands, makes these risks particularly pronounced. Understanding the common types of risks that can impact IT projects is crucial for anyone involved in managing or executing these projects.… [ Read the rest...]
Project under budget
Management, Risk Management

Is it effective project management if the project is under budget?

We all know about the Golden Triangle of project management, which includes time, scope, and budget. It would seem that if you managed to meet all three criteria, the project is successful, and you as a PM probably would not be blamed by your management, at least, and if you`re lucky, you may even deserve a sparse praise. The Golden Triangle of Project Management (in case you missed it of forgot about it) But what if you exceeded all expectations and delivered your project within a smaller budget?… [ Read the rest...]