Effective risk management starts with experience.

We can study about risk management. We can take classes on steps for risk assessments. We can learn about using probability and impact to prioritize our hazard lists. But it’s experience that streamlines our risk assessment process. With experience we can quickly list only the relevant risks. Its experience that automatically eliminates the low probability and low impact items. The unnecessary items become invisible and therefore free time to focus on the more important items.

Effective risk management starts with experience. Read More »

How does one carefully maintain the balance between effective communication and time management?

The rule of thumb is that the answer to most questions starting with “should everything be” is “NO”.
It’s the same with this question.
Effective communication IS time management. It isn’t a trade-off, such as this question seems to imply. Consider how much time you waste through misinterpretation, vague directions, mistakes and hurt feelings when you are not communicating clearly?
There’s much more to this than meets the eye, but here are five of six tips to effective communication AND time management?

How does one carefully maintain the balance between effective communication and time management? Read More »

Perfecting versus perfection.

We’ve all heard the groan: “We have an aggressive schedule to meet.” The fact is, it’s not the “schedule” timeline that is aggressive; rather, it’s what we choose to fit into it. Adopting an attitude of progress refinement (perfecting over perfection) with the confidence percentage strategy helps reduce this tension between promised and actually delivered tasks.

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Mind the ‘Strategy-Execution’ Gap

“Companies typically realize only about 60% of their strategy’s potential value because of defects and breakdowns in planning and execution.”- Harvard Business Review

Today’s challenging economic climate forces every company across the globe to keep a laser focus on the bottom line, and executives are under close watch to deliver key strategies. So why is it that so many companies continue to suffer from a strategy-execution gap? And what can the PM do to help close the gap?

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