How it Catches the Unexpected in the Making

Mindful Leadership

Effective leaders anticipate a certain amount of risk. That’s why well-managed projects generally have sophisticated, built-in risk management tools and processes. The whole idea is to identify the risks, assess the probability that they will occur, and calculate the magnitude of their impact. Once that happens, project leaders can determine the mitigations to be made and assign risk owners to monitor the risks and step in to respond where necessary. As a result, a regular process is established for keeping the whole risk management system up to date and relevant. It’s a great approach for anticipating and planning for all of the harmful events we’ve been able to think of — the events inside our…

Avoiding the Trap of Making it too Complicated

Project Systems Elevated

Industries today are facing relentless competition for capital, making the selection and predictive performance of projects all the more critical. Even companies with a long and rich track record of delivering some of the most difficult major projects in our industry are struggling to deliver on promises. Artifacts from mergers, acquisitions, or divestitures may create additional obstacles to achieving “best in class” performance when companies fail to integrate their work processes following those changes to the company’s structure. Project excellence is a must for companies that wish to stay competitive in the current market. However, there is often a tendency to overcomplicate project excellence programs; this mistake risks slow implementation and inconsistent application. How can…