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115 items found

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Art of Managing Risk in the VUCA World

by Goutam Sengupta
February 06, 2024 | 61:15 | Views: 1,540 | PDUs: 1.00 | Rating: 4.48 / 5

Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect in outcomes of the organization. Positive risks are opportunities, while negative risks are threats. In the post pandemic era we have entered into a world of VUCA (Volatility, Uncertainty, Complexity, and Ambiguity). VUCA demands that you must develop your competencies to identify and understand risks and learn how to develop mastery in managing those. You must have great deal of comfort in managing risk situations with ease in your organization and thus Art of Managing Risk in the VUCA world is of paramount importance.

HBR: It's Time to End the Battle between Waterfall and Agile

by Antonio Nieto
January 11, 2024 | 60:21 | Views: 9,136 | PDUs: 1.00 | Rating: 4.70 / 5

Too many project leaders think rigidly about Waterfall and Agile project management methodologies and believe they must choose between the two. But many projects — especially those with diverse stakeholder needs and complex structures — benefit from a hybrid approach that combines aspects of Waterfall and Agile. The rise of hybrid methods isn’t tied to a particular time or event; instead, they have evolved organically as a response to the needs of modern, complex projects. A review of the key components of Waterfall and Agile allows project leaders to select among them to build a hybrid approach based on the unique demands of each project.

The ‘Fix It’ Economy - Opportunities for Project Management

by Raju Rao
June 29, 2023 | 60:52 | Views: 8,985 | PDUs: 1.00 | Rating: 4.36 / 5

Recycling or Recovery has been in vogue for the last two or three decades as a means to save the environment and many organizations , communities and countries have embraced it as priority But is this enough ? How do Repairs / Refurbish or Reuse / Repurpose compare with recycling /recovery? This becomes one step before and can be prevent large quantities of materials going to the final destination i.e. the landfill.

Maximizing Organizational Resilience Under Institutional Complexity in Interorganizational Projects

by Ralf Müller, Linzhuo Wang
November 02, 2022 | 60:47 | Views: 38,459 | PDUs: 1.00 | Rating: 4.53 / 5

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.

Sustaining Performance in Energy Project Management

by Sam Ayodele
June 13, 2022 | 60:11 | Views: 9,429 | PDUs: 1.00 | Rating: 4.36 / 5

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.

A Cyber Guide for Managing Third-Party Vendor Risk

by Chris Basener, Mark Schleisner
October 01, 2021 | 60:17 | Views: 9,902 | PDUs: 1.00 | Rating: 4.29 / 5

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

by Arturas Kuliesas
September 21, 2021 | 59:18 | Views: 12,577 | PDUs: 1.00 | Rating: 4.50 / 5

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.

The Agile Enterprise: Risk Management in an Agile World

by Stelian Roman
July 09, 2021 | 54:52 | Views: 8,730 | PDUs: 1.00 | Rating: 4.39 / 5

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.

Disciplined Agile Risk Management: Address Risk, Don’t Just Manage It

by Scott Ambler
June 15, 2021 | 61:10 | Views: 18,075 | PDUs: 1.00 | Rating: 4.62 / 5

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.

Managing Projects Effectively during a Pandemic

by Vishnu Vardhan Madhavan
June 11, 2021 | 45:56 | Views: 9,121 | PDUs: 1.00 | Rating: 4.24 / 5

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".

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