Benefits with Risk

Project manager needs to make a decision. Some are more difficult than others. Many are not clearly understood.

When to say yes? When to say no? And when to change the initial choice?

See this article

"How to Say 'No': Lessons From the Way Elon Musk Just Sent a Message to Trump"

What do you think?

The temperature, yes the temperature, in itself is not a risk. What is a risk is the events triggered by this temperature. In the last few days, the weather forecasts announced heavy precipitation accompanied by sustained winds accompanied by gusts. It was a certainty, not an unexpected and sudden event. Risk management involves identifying future events and their impacts.

Having weather forecasts in hand, problematic scenarios could be established. A significant snow accumulation in a short period of time, accompanied by severe wind blowing, increases the threat of accidents and pile-ups.

Sound risk management requires that the various scenarios be identified in a mitigation plan and emergency measures. Responsible authorities must then provide for material and human resources as well as operational procedures to mitigate their impacts and minimize the time the crisis lasts. So, establish risk mitigation plans and crisis management plans potentially.

In light of the information I have, a highway in the urban centre (A13 near Montréal airport) was the scene of a foreseeable event, or close to 300 vehicles were blocked from 8 pm to 8 am the next day. So for about 12 hours, people had to wait for the cold in their vehicles, without any communication with the responsible authorities concerned.

In short, an event for which, if a mitigation plan had been prepared, it has obviously not been put into action.

Losses, which have by no means caused any casualties, are obviously multiple, and shared mainly between the owners of the vehicles involved. In addition to material losses, the loss of confidence in the responsible authorities should not be underestimated, as they will have to urgently mobilize significant resources (human and financial) to carry out the post-mortem of the event and, Development of a mitigation plan.

It is a loss for society in general that could have been greatly diminished with an intervention plan/communication, initiated by a sound management of risk. There is no doubt that the actions would have been implemented quickly.

Montreal Gazette

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In preparing your invitations to tender unidentified risks become potential additional costs, by increasing delays, poor quality or any other deviance.

In recent months, Canada Post has made headlines for the second generation of mailboxes that have been installed. The first generation did not have a significant locking problem. Undoubtedly when the tender of service the requirements were not specific enough. The new generation was awarded to a Texas firm, which is unfamiliar with winter conditions.

The locks of a large part of the million new boxes have to be replaced, where they are installed. An operation that will be expensive, who will have to suffer the costs of this replacement?

The identification of the risks associated with the use of such boxes should have identified this problem. This would have made it possible to choose an action in the face of risks. Several scenarios would have avoided such a situation, for example:

— Define the context of usage of the mailboxes so that the manufacturer is then responsible for the non-performance of the product.

— A technical requirement of the lock with specifications such that the problem cannot exist, Canada Post would then be responsible for choosing the right specification.

Article originally posted on LinkedIn

Article originally posted in LinkedIn (English and French available)

https://www.linkedin.com/pulse/before-having-crisis-risk-management-vincent?trk=mp-author-card

In recent days, we have been able to see that the East energy pipeline project had all the characteristics of a crisis management. This project has indeed been criticized from all sides in the media and the reactions of the promoter allow us to doubt that such criticism had been taken into account in the social acceptance process of the project.

No doubt that sound risk management would have allowed to identify such situations and to react better in the circumstances. I always wonder when projects of this scale do not seem to have set up established risk management process. Yet this is what the best practices suggest; about this, we can draw from two large project management-related organizations such as the PMI with the PMBOK and Axcelos with Prince2.

The implementation of the risk management process, allows among others to identify all types of risks, better understand and ultimately to limit the negative impact of an event if it occurs and thanks to the preventive measures to reduce the impact (probability and/or consequence). Moreover, this process helps to identify and recognize the warning signs and thereby better prepare the organization for the management of crisis or emergency.

Risk management is a proactive approach that limits the need to revert to crisis management. This process must, to maximize efficiency, be implemented from the planning stage and thus offer more options to the organization. When the only choice is crisis management, we are left with a much more limited selection of options which are usually much more expensive.

The implementation of the risk management process is an inexpensive investment but which allows among other to limit the impact of painful incident.

Here is a small test to be perform that demonstrate our effectiveness at multitasking.

Time yourself filling those 2 lines

a b c d e f g h i j k l m n o p q r s t u v w x y z

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 

Time _ _: _ _

Now for the multitasking you fill one space in the letter row then one in the number and one in the letter one in the number until the end 

Time yourself filling those 2 lines

a b c d e f g h i j k l m n o p q r s t u v w x y z

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 

Time _ _: _ _

Did you have the same time for both? 

The solution is with Prioritization and delegation.

Look in Pravin Kumar Shrivastavahas blog there is a suggestion