how to prepare to manage projects with a high level of complexity and uncertainty

During the project, changes often occur due to various events, sometimes foreseen, sometimes not. This is associated with risk, and risk with uncertainty. Therefore, risk analysis plays a very important role both in the process of its planning and in the implementation of activities of a high level of complexity. However, if everything around was certain, we would not need project management itself. Together with Senior Project Manager IBM Jolanta Kuruc, the lecturer of our Project Management course, we analyze methods of planning project work, define criteria manage projects with a high level for assessing the health of the project and explain why avoiding risk at all costs is not always the best way.

How to approach planning project work in times of rapid change?

The approach to planning design work will depend, among other things, on how well we are able to determine the final result we want to achieve. If we have already run similar projects, have standardized processes conduit cn telephone number data and know exactly what the final result should look like, we can plan all design work in advance. This is how most design teams work today. This is the so-called predictive approach, i.e. traditional or waterfall .

However, if we do not know exactly what the final product that meets the defined requirements should look like, then it is already an accepted practice to plan the minimum that is needed to complete the first step. This first step must be something that will be a part of the final product or its prototype – something that we can test, show to the target users and collect feedback, including valuable criticism. Based on this information, we plan the next steps.

This is an adaptive, or agile, approach.

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Predictive and adaptive approaches, and the whole spectrum of hybrid approaches in between, will determine how we approach project planning. In times of rapid change, agile approaches have the advantage of delivering value incrementally on an ongoing basis. If there is a change that forces a complete rethink of the direction or even aborts the project, then firstly we already have at least a partial return on investment, and secondly we can change direction much more flexibly than in the traditional approach, where each change requires a revision of the entire plan. manage projects with a high level

How should we assess the manage projects health of a project and what can help us visualize progress?

Projects examine many aspects with varying emphasis what is conversion and why it is the most important thing in adwords depending on their specificity, but in principle in each one the universal basis for assessing health will be the triple constraints of the project: scope, cost and time frame .

The basic principle is not to judge the health of a project based on just one parameter , e.g. only on the state of the budget. If I have spent more on the project to date than I planned, this may suggest a bad state of the project, but if I add that I have also finished all the design work and am returning the entire remaining part of the budget, then this may turn out to be a spectacular success.

The principle of taking into account many indicators simultaneously is the basis of the so-called earned value method , which allows, among other things, to calculate cost or schedule variance indicators. These metrics are useful not only for assessing the health of the project, but also for

communicating with stakeholders.

This brings us to the issue of communication and related visualization. Given the multitude of options we have today cpa email list I would choose visualization tools that are easily accessible. In practice, these are often simple, even banal, so-called “high-touch, low-tech” tools. This is why sticky notes have become so popular. Information is easily accessible and visible to everyone. You don’t have to ask for access or learn how to use them. Given the need to manage projects work remotely, we have to rely on more advanced technology, but here too, for visualization and communication, I would still choose tools that are simple, easy to use and available immediately.

How to Properly Manage Risk in a Project? Is Avoiding Risk at All Costs the Best Path to Project Success?

First of all, we need to remember that risk can be either a threat or an opportunity, and sometimes both at the same time . For this reason alone, risk avoidance is not always the best way to respond to it.

When managing risk at the project level, we need to be aware of and properly understand the risks that exist at the organizational level. The same risk from a project perspective may look completely different from the perspective of the entire company. The risk of a project delay that we avoid by slightly reducing quality may have a greater negative impact on the entire company, where many projects reduce quality slightly, than we can assess from the level of a single project.

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