I have left orders to be awakened at any time in case of national emergency, even if I’m in a cabinet meeting. – Ronald Reagan (1911 – 2004). There can be few readers who have not experienced lengthy, time wasting and unproductive meetings (and, like Ronald Reagan, may have nodded off during them). If you’re a meeting chairman you can improve results (and endear yourself to participants) by taking four simple steps to ensuring that your meetings are productive: prepare; inform; facilitate and control; and, summarise and record.
Risk is inherent in all our projects (and, in fact all we do). Risks are often considered in an informal way by the project manager when planning and devising project strategies, but a more disciplined approach to risk management minimises threats and maximises opportunities. This article sets out 5 steps for effective project risk management and provides a risk register template.
Recent research published in the Harvard Business Review Magazine asserts that ‘black swans’ – low probability high impact events – are sinking many projects, particularly in the IT sector. The research considered 1,471 large-scale IT projects and suggests that they are three times more likely to spin out of control than construction and other major projects. The lessons drawn from the research include the need for stress testing, breakdown of projects into smaller more manageable elements, contingency planning and use of best class forecasting techniques.Login
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