Can You Think Fast…And Get It Right?
From the PM Network Blog
by Cameron McGaughy,
Aaron Smith, Deryn Zakielarz, Jill Diffendal
PM Network is the award-winning magazine for members of the Project Management Institute. This blog will highlight some of the publication's valuable information and insights, keeping you up to date on industry trends.
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Date
Maybe in another time long, long ago, we had the luxury to take a little time before making a critical decision. We could weigh the pros and cons and, then and only then, pronounce our verdict.
Well, those times are long gone. Especially in today’s business climate, a project manager needs to make important decisions not tomorrow, not one hour from now but right now. August PM Network has a feature article that will help you create the systems that make lower-risk snap decisions work out. Experts say meticulous preparation and clarity of governance are essential to keep things moving in the right direction when quick choices need to be made. For example, knowing whether the authority lies with the business team or the financial team is most helpful.
How do you prepare for the necessity of making snap decisions? Please share your techniques in the comments.
Posted
by
Dan Goldfischer
on: August 04, 2017 10:01 AM |
Permalink
Comments (8)
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I believe that it is very important to have a very precise and real knowledge of the situation, the experience and learning of mistakes are a priority when making quick decisions and above all they are effective..
Kevin Coleman
Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights
Pa, United States
Paul Fantin
Enterprise Business Manager| Simplilearn.com
Bangalore, Karnataka, India
Paul Fantin
Enterprise Business Manager| Simplilearn.com
Bangalore, Karnataka, India
Learnt few things on this Article. Thanks
KUMARAGURU M.R.
PM| Robert Bosch Engineering and Business Solutions Lt
Madurai, Tamil Nadu, India
Decisions are based on the data's . Deploy and develop tools which will empower you as Real clock / Real time Project manager.
Adam Caruso
Project Manager| Independent
Towson, Md, United States
I've found it productive to identify rules of engagement (ROE) for front-line personnel. When staff have a sanctioned frame of reference from which to make quick decisions, it becomes easier for them to support the goal, and easier for the manager to manage.
RAJESH K L
Project Manager, PMP| Bharat Electronics, Bengaluru, India
Bengaluru, Karnataka, India
Decision Making is a vital component of PM functions. Timely decision is critical for project success. Any decision is driven by experience and available information. Challenge is to make available information at the time of decision making.
All projects, should have Fact Based Decision-making. Often the knowns will change, which will determine a different deicsion (or change control). Ensuring all stakeholders are aware of the assumptions/facts used and having a process in place to manage the risks/changes, is key to the success.
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