The design of governance systems of collaborative relationships should aim for resolving institutional complexity, which further improves organizational resilience for IOPs. By adopting a sequential qualitative-quantitative approach, we conduct research based on empirical evidence to address the issue of resilience of IOPs under institutional complexities. Consequently, this research broadens the perspectives of earlier studies by proposing a shift from focusing on operational conflicts to institutional conflicts and has identified a dynamic stakeholder engagement strategy toward improved resilience. This novel perspective is better aligned with practical reality and provides a comprehensive theoretical framework of governance for improved resilience in the face of institutional complexity.
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With rising environmental concerns and global warming, there is an increase demand for electricity and other alternative energy sources around the globe, to deliver clean, reliable and affordable energy. Energy industries encompass a broad group of sectors - oil and natural gas, coal, nuclear, wind, solar, hydro, geothermal etc. Each of these industries contain very different types of organizations, and what constitutes risk in wind projects is far different than in nuclear. But they all share a similar challenge; to produce more energy at a lower cost with fewer emissions.
What can project managers do to identify and mitigate third-party cyber risks? As enterprises continue to outsource services, third-party cyber risks continue to rise. For example, cybercriminals are increasingly attacking enterprise networks by using third-parties as back-door entryways to networks. However, by learning about current trends in mitigating third-party cyber risks, project managers can mitigate these risks and increase the likelihood of their project succeeding.
Black Swans in Your Project: Understanding, Identification and Management of Extreme Unknown Unknowns
Following in the footsteps of a seminal book The Black Swan by Nicholas Nassim Taleb, I will demonstrate key failures of traditional risk management and stakeholder management practices in projects where extreme unknown unknowns are concerned. A special attention would be given to explaining how identification of Black Swans and planning the response for them is different from the traditional techniques we apply with tractable risks (known unknowns). More importantly, I will address the Project Management Principle of „Embrace Adaptability and Resiliency“ in the 7th edition of Project Management Body of Knowledge (PMBOK) as the fundamental, if not perfect, remedy to negative impacts of Black Swans that we need to apply for the benefit of the project and its stakeholders.
Since the term, agile, grew popularity in the second decade of the 21st century, Risk Management was one of the strong selling points of various agile frameworks. According to agile surveys, reducing risk is one of the main reasons for agile adoption. However, none of the agile frameworks provide guidance on Risk Management. Most of them are limited to a simplistic view that by delivering in small increments risk is limited to the value of a single sprint. The reality is far more complex, and it is not limited to coding or technical skills. A project is dependent on context, on organizational culture, and last but not least, on people's desire to work as a team and succeed. This webinar is a brief introduction to how important Risk Management is, how it can be done in agile, and why risk, especially in Agile, should not have a negative connotation. Real-life examples will be used to illustrate how the Project Manager, Scrum Master, and the whole project team can take advantage of Risk.
The Disciplined Agile (DA) tool kit has management and governance strategies explicitly built into it. DA does this at the team level with the Address Risk process goal and at the enterprise level with the Governance process blade. But wait a minute – Address Risk, not Manage Risk? The difference is a subtle but important nuance. There are many issues for teams to consider, and options to choose from, when they identify how they may best address the risk that they face. But addressing risk at the team level is only a good start, we must also address enterprise risk as well. What appears to be small, acceptable risks at the team level soon add up to unacceptable risks at the organizational level that must be addressed appropriately.
During a Crisis, managing projects become extremely critical as we may experience Cost & Schedule overruns, unidentified Changes & Risks that creates an imbalance. Focusing on Priority Knowledge areas of PMBOK during a crisis, helps us stay aligned to the Program GOAL's & the Organization Targets. An approach to consolidate the projects of a Program or a Portfolio in a single shell will be my call during this webinar - with my personalized model that can give an "Effective Approach".
Agile planning is widely different from Waterfall planning based on Gantt charts. There are many factors to consider when developing an Agile plan to make sure it increases successful project delivery. How can you use these steps to proactively approach Agile planning? In this webinar, attendees will learn the components of an Agile plan and how to create one. They will learn about the “onion” model of Agile planning and consider each step in the planning process, particularly product planning and release planning. They will leave with the knowledge necessary to construct their own Agile plans.
Prior research suggests that information technology (IT) project managers (PMs) often fail to take adequate steps to manage project risks and that this may contribute to the high failure rate associated with IT projects. In this presentation, I will discuss PMI-funded research that explores how IT PMs’ mental construal affects four key IT project risk management activities: (1) risk identification, (2) risk impact assessment, (3) risk response planning, and (4) risk response enactment. This research contributes to our understanding of IT project risk management and suggests ways for improving IT project risk management practices
The four knowledge cornerstones of project risk management are: • Project Management (how to run a project) • Earned Value Management (how to measure project performance) • Risk Management (how to identify and mitigate risks) • Subcontract Management (how to manage subcontractors) This Webinar addresses how to manage subcontracts. Many companies today subcontract out a majority of their work. As a result, the subcontract becomes a risk to the project. This Webinar focuses on how to select a subcontractor and how to monitor a subcontractor to minimize this risk. The Webinar will cover the subcontractor selection process, subcontractor planning considerations, and types of subcontractor changes. Subcontractor risk stories are presented as an example of how to avoid pitfalls.