Risk Management Class: Mastering the 5 Ps of Risk Management Are you ready to take control of your project’s destiny? Understanding and managing risk is not just a skill—it’s an essential aspect of achieving project success. Our upcoming Risk Management class offers an in-depth exploration of the 5 Ps of Risk Management—People, Principles, Process, […]
Thinking about what can go wrong in the project and how to respond (risk register) is so that we know what to do when the event happens. From experience, the quickness of the response to an emerging event often reduces the risk impact on the project. Ideally, we will have generated a list of the […]
NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Jon M. Quigley PHONE: 336-963-0119 EMAIL: jon.quigley@valuetransform.com Glen B. Alleman and Jon M. Quigley Announce the Release of Their New Book “Risk Management” The new book, set to be released on March 15 and now available for pre-order, will offer a context-driven framework for risk management. LEXINGTON, […]
Failure: The Option Media I was once in an engineering team meeting, where the snippet from the movie Apollo 13 was played. The scene demonstrated that famous saying, failure is not an option. I have heard this many times since then, not in business, but on other television shows and competitive events. The thing is, […]
Risk Management from Front and Back Recently I spoke at a Metrolina PMI Chapter on Risk Management. If we have been managing projects, we know that risk management is significant to ensuring project success. Risk management starts from the very beginning of the project, the scope, and our strategy selection will all impact the risks […]
Firefighting Hiding things is not a long term strategy We have recently written an article at our Assembly Mag column, Ps and Qs column on the metaphorical firefighter and things we do that encourages this behavior. There are many variants of this specific failure mode. To be clear, we are referring to valuing the heavy […]
Risk Management Through the Project In modern life, risk management is a fundamental discipline for success. This does not just apply to work life, or project management but also personal life. Today we are going to discuss the approaches and impacts on the project when there is insufficient attention to the risks to which the […]
A company is deciding to undertake product development project, there is a consideration that amounts to a type of bet.
We have written much on requirements in other blog posts. We have been maintaining this blog for years, admittedly sometimes more fervently than others. We have created a schedule for our blog posts and other events by Value Transformation personnel available either on the event location on the website or as a downloadable from the […]
Flip a coin, heads, or tails. The probability that it will come up heads is 50%; there are only two sides. Flip that same coin again, the same probability, 50%. However, if we say that success is two successive heads (or tails) that is different. The probability of two consecutive heads is the product of […]