article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. So, what do you need for an efficient risk analysis?

Data 130
article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow

Project management goes hand in hand with uncertainty and risks. The present-day disruptions caused by the pandemic bits and pieces, military conflicts, and geopolitical tensions can only increase the number of risks that projects will be exposed to. . Risk Register: Definition and Purpose . References. Hillson, D.

Resources 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 15 Portfolio Management Tools for Your Business in 2025

Epicflow

It facilitates better decision-making by presenting a comprehensive overview of the entire multi-project environment. The most critical features include centralized dashboards, resource allocation tools, risk analysis, budgeting and cost tracking, scenario planning, collaboration tools, and reporting capabilities.

Tools 130
article thumbnail

Top 15 PMO tools for your business in 2025

Epicflow

While Jira excels at bug tracking, its usability for broader project management tasks or non-development use cases may present challenges. The platform also offers a range of templates to help users get started quickly and efficiently.

Tools 130
article thumbnail

Top 15 Portfolio Management Tools for Your Business in 2025

Epicflow

It facilitates better decision-making by presenting a comprehensive overview of the entire multi-project environment. The most critical features include centralized dashboards, resource allocation tools, risk analysis, budgeting and cost tracking, scenario planning, collaboration tools, and reporting capabilities.

Tools 130
article thumbnail

Make “Fairness by Design” Part of Machine Learning

Harvard Business

More recently, a study compared the commonly used crime risk analysis tool COMPAS against recidivism predictions from 400 untrained workers recruited via Amazon Mechanical Turk. The results suggest that COMPAS has learned implicit racial biases, causing it to be less accurate than the novice human predictors.

Data 123
article thumbnail

AI-Powered Clean Tech: Transforming Business Operations

Tom Spencer

The bottom line Integrating AI-powered renewable energy systems into business operations presents a significant opportunity for increased efficiency, cost savings, and environmental sustainability. Consulting firms can play a vital role in guiding companies through this transformative process.