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Current risk management standards and guidelines use broad definitions of “risk” that encompass both threat and opportunity, but many people still find it difficult to understand why “opportunity” is included in the definition. And without understanding the reasons, there is …
Business projects are seldom discussed from the point of view of the “happiness” of their team members. Projects are recognized for getting things done, and projects are resourced for overall effectiveness. Sponsors, customers, and society at large look for valued …
Serial entrepreneurs repeatedly begin new companies and are willing to take on the risk of new ventures. They are often thought of as successful, but just because they have a history of startups, does that really improve their chance of …
Sometimes people assume a project manager is simply an administrator who tracks the progress of a project team’s work against an established schedule. But that’s the role of a schedule administrator, not a project manager. Project management is actually, in …
Trend-watching is a good way to spot issues that your organization may be facing in the future. A popular topic lately is the erosion of civility, and the accompanying uptick in rudeness, in our society today. New research about the …
Whether you’re an entrepreneur or a freelancer, being responsible for your own business is empowering and exciting. The possibilities are endless, but so are the risks, particularly financial risk. In fact, one of the main reasons that new businesses fail …
When discussing new hires, organizations often categorize candidates as either generalists or specialists. Specialists are typically sought for technical jobs while generalists are steered toward staff or junior management roles. But more and more, with businesses in a constant state …
Businesses thrive on data. Data helps them create new strategies to increase revenue and improve efficiency. Companies use data to predict who will buy, how to get products delivered cost-effectively, how to anticipate and plan for risk, and which strategies …
When it comes to projects, we are often comfortable with identifying ourselves as executives or managers, but few of us describe ourselves as “leaders.” Others may put us into that category, but why are we hesitant to place ourselves under …
Contemplating “the future of work” is both exciting and daunting. Now and in the future, compared to our parents, we have a vast array of choices over how we work, where we work, when we work, and with whom we …
Plato is quoted as saying that “The problem with the future is that more things might happen than will happen.” Or as Pliny said, “The only certainty is that there is nothing certain.” Nowhere is this more evident than in …
Some people seek out risk while others avoid it. Likewise, some organizations tolerate risk while other organizations minimize it. Whatever one’s particular strategy, we all face risk in our personal and work lives on a daily basis, and how we react to risk distinguishes those who are effective project managers from those who are less effective. In …