🔥 There’s one skill that separates great IT Project Managers from everyone else-project tailoring. Most project managers get stuck trying to learn every new tool and process out there. They dive deep into theories but still struggle to deliver projects on time and within budget. It’s frustrating. The truth is, great project managers don’t try to do it all-they focus on tailoring simple processes and tools that work best for their team and projects. That’s what creates transparency, predictability, and results. But here’s the thing-tailoring isn’t just guessing what might work. It’s about knowing three critical components: 1) Understanding project management on a deeper level. 2) Knowing exactly what to tailor. 3) Applying it effectively in real companies with real people. That’s why I created the Professional Development Plan for IT Project Managers-to help you master project tailoring and finally become the project manager who delivers every time, no matter the challenge. ✅ Click the link below to get your development plan now and take the next step toward mastering project management. itpmschool.com/get-plan?
Very useful and informative. I just want to mention that at the time of writing the risk it's important to use metalanguage. i.e Case , Risk, Effect Like you shoed in your templates a separate column for effect. This will also help us create precise and effective risk responses to the Risk Not for the Cause, Not for the Effect.
Great tip! Thanks. I would extend it even further. With the top 10-20 risks you should use descriptive language as much as possible (not the grades, categories, or percents). High-severity risks require involvement of stakeholders, they usually don’t know team’s jargon.
Dmitriy Sir, You are outstanding, and a precious personality and mentor. each video is unique and described so well. I learned so much from each of your videos. I am really thankful to you as even you have responded to one of my email questions regarding risk management. I truly love you and love your personality dear, Sir. My sincere wishes and respect to you.
Cool video, cool presentation of materials. I wish I had such 10 years ago or so :) Great job! And thank you for educating current and future Project Managers!
Please clarify re the statuses of the risk and why they are important or can be used. The following are my suppositions. . New. A mew type of risk, named 'new' because its details are still being learned. . Planned. Applies to a positive risk or one for which you are raising or lowing the barriers to the risk. For instance, if you ask your men to work through a rain storm (perhaps because of fast approaching deadlines) even though doing so goes against what you had previously decided. . Upcoming. In Novembe, you know that Christmas in December increases the risk of electrical fires. . In progress. as per the video. The risk is happening right now. . Done. The stated response has already been applied and therefore mitigated or avoided. Consequently, the probability is lower than otherwise and the risk can be treated with much less priority. I imagine the status is useful for prioritizing the focus on a given day. Thanks
Great question! I would use the following statuses: New - a risk is logged in the Risk Register but you didn’t analyze it. Planned - a risk that you analyzed and selected a response plan for it. Even if you decide to passively accept it - it’s a plan. In Progress - for risk that we work on right now or we actively monitor. Done - Risk Response was implemented. The impact is absent or you have taken it into account as Change Request or new risks. Upcoming doesn’t look as a valuable status for me. Only if you can set it automatically based on the due date.
![How To Create A Risk Register [Step By Step Guide]](/img/n.gif)
🔥 There’s one skill that separates great IT Project Managers from everyone else-project tailoring.
Most project managers get stuck trying to learn every new tool and process out there. They dive deep into theories but still struggle to deliver projects on time and within budget. It’s frustrating.
The truth is, great project managers don’t try to do it all-they focus on tailoring simple processes and tools that work best for their team and projects. That’s what creates transparency, predictability, and results.
But here’s the thing-tailoring isn’t just guessing what might work. It’s about knowing three critical components:
1) Understanding project management on a deeper level.
2) Knowing exactly what to tailor.
3) Applying it effectively in real companies with real people.
That’s why I created the Professional Development Plan for IT Project Managers-to help you master project tailoring and finally become the project manager who delivers every time, no matter the challenge.
✅ Click the link below to get your development plan now and take the next step toward mastering project management.
itpmschool.com/get-plan?
Wonderful presentation and in very simple way it has been explained. Thank you...
You're most welcome
Thanks for the tips. Your video is the first place I heard about the term "Risk Register"!
You're welcome! Just curious, are you a Project Manager?
Great video BTW, took lots of notes!
Glad it was helpful!
Getting ready to take PM test. Great info. Thanks!
Good luck with the exam!
simply superb amazing and perfect presentation . concise and to the point .
Thank you for your kind feedback. I’m glad it was helpful.
Fantastic information. Well presented.
Glad it was helpful!
Very useful and informative.
I just want to mention that at the time of writing the risk it's important to use metalanguage. i.e
Case , Risk, Effect
Like you shoed in your templates a separate column for effect. This will also help us create precise and effective risk responses to the Risk Not for the Cause, Not for the Effect.
Great tip! Thanks.
I would extend it even further. With the top 10-20 risks you should use descriptive language as much as possible (not the grades, categories, or percents). High-severity risks require involvement of stakeholders, they usually don’t know team’s jargon.
Thanks for real life examples!
You are welcome! Glad it helps.
Dmitriy Sir,
You are outstanding, and a precious personality and mentor. each video is unique and described so well. I learned so much from each of your videos. I am really thankful to you as even you have responded to one of my email questions regarding risk management. I truly love you and love your personality dear, Sir. My sincere wishes and respect to you.
So nice of you. Thank you so much for these warm feedback!
Your videos are amazing! Thank you so much 😊
Glad you like them! Thanks for your feedback.
Your videos are more valuable.
Thanks for your guidance.
Request to share please a video on risk at process or production of Manufacturing company..
Sorry, I missed your comment. If it's still actual, please write a new one.
Note: leaving this comment to keep track of open questions.
I love this guy
Thanks:)
I could have saved money by simply listening to this guy
Glad it’s helpful.
Where can I find the article you mentioned at 2:36 in the video?
Here you go: itpmschool.com/risk-response-strategy/
So 3x7 = 27, got it, cheers
LOL:) Nice catch. I buffered it a bit;)
@6:06 did you mean Quantitative for "Monetary Risk in Dollars" ? Where as Qualitative is the scoring of low, medium, high.
Yes, quantitative. Mispronounced the term.
What about the Risk identification table that covers risk,effects and causes?
Please check this article: itpmschool.com/project-risk-management-plan/
It will provide you with some insights.
Thanks so much
You're welcome!
Cool video, cool presentation of materials. I wish I had such 10 years ago or so :) Great job! And thank you for educating current and future Project Managers!
Glad you enjoyed it, Vika! That’s the exact approach I take when I plan a video - I wish someone explained it to me at the start of my PM career.
Please clarify re the statuses of the risk and why they are important or can be used. The following are my suppositions.
. New. A mew type of risk, named 'new' because its details are still being learned.
. Planned. Applies to a positive risk or one for which you are raising or lowing the barriers to the risk. For instance, if you ask your men to work through a rain storm (perhaps because of fast approaching deadlines) even though doing so goes against what you had previously decided.
. Upcoming. In Novembe, you know that Christmas in December increases the risk of electrical fires.
. In progress. as per the video. The risk is happening right now.
. Done. The stated response has already been applied and therefore mitigated or avoided. Consequently, the probability is lower than otherwise and the risk can be treated with much less priority.
I imagine the status is useful for prioritizing the focus on a given day.
Thanks
Great question! I would use the following statuses:
New - a risk is logged in the Risk Register but you didn’t analyze it.
Planned - a risk that you analyzed and selected a response plan for it. Even if you decide to passively accept it - it’s a plan.
In Progress - for risk that we work on right now or we actively monitor.
Done - Risk Response was implemented. The impact is absent or you have taken it into account as Change Request or new risks.
Upcoming doesn’t look as a valuable status for me. Only if you can set it automatically based on the due date.
Cool
Thanks!