Risk

SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India

What is the biggest risk you’ve ever taken in your previous projects?

Posted: Feb 15, 2019 12:30 AM

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Karthik Ramamurthy Author, Say YES to Project Success| Founder KeyResultz Chennai, Tamilnadu, Tamilnadu, India

Great question, Shadav!
One of the biggest risks my team and I had to take was in a large project managed by volunteers.
As Chairman of the PMI National Conference India 2012 (PMNC) at Chennai, one key objective was to set a record in terms of event attendees. The only venue which could accommodate 1,200+ attendees was the Chennai Trade Centre. However, it was booked for years ahead.
We didn't want to scale back our objective.
The Leela Palace, under construction at the time of the decision, could accommodate 1.2K plus attendees. We would have suffered major embarrassment if the hotels were completely ready and open for business in eight months, in time for our National Conference.
We took a calculated risk and closely followed progress of the hotel opening.
In the end, the hotel was completely ready weeks before the conference, and we were able to conclude an extremely successful event.
Did we have several sleepless nights during those months? You bet!
However, would I take that same risk again in the same circumstances? Absolutely!

Posted: Feb 17, 2019 12:09 PM

Ganesh Kumar Program Manager Bangalore., Karnataka, India

Hi Shadav

We have done early engineering. Even before a project is awarded to us, we have started working on several aspects of the project such as identifying the team, creation of templates, wireframes/some amount of mockups. Some decent amount of work goes in, without a formal sign off from the customer. We continue to collaborate with the customer after the RFP/RFQ is submitted and at several conversations / follow up, we share some of the work we have started doing. Customers were happy about our proactive approach. This in a way was a calculated risk we took and won some projects (lost some as well)l, but could garner attention from the customer. Could get us ahead in project schedule not completely though, but good enough.

Posted: Feb 18, 2019 3:24 AM

Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada

Shadav,

One big risk I have often see is minimizing human resource. A minor thing can get that person unavailable at a key moment. And too often nobody else is prepared to take over.

If it is at a critical project moment it could be major.

...

1 reply by Penelope-Jane Fry

Feb 18, 2019 9:12 AM

Penelope-Jane Fry

...

Totally agree.

Posted: Feb 18, 2019 8:37 AM

Penelope-Jane Fry

Feb 18, 2019 8:37 AM

Replying to Vincent Guerard

...

Totally agree.

Posted: Feb 18, 2019 9:12 AM

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