23 February, 2015
(The explanation in this short article originated from many sources especially Wikipedia. They have been rewritten to suit the respective clients' requirements. The explanation do not represent the actual contents of the notes/materials used for briefing, training and consultancy)
Project risk management include; not limited to the following; 5 significant elements :
- Plan and manage the risk,
- Identify the risk
- Qualitative and quantitative risk analysis
- Planning risk responses
- Monitor and control
Risk management is one of the ten knowledge areas in which a project manager must be competent
Project risk is defined by PMI as 'an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives
Good Project Risk Management depends on supporting organisational factors, clear roles and responsibilities, and technical analysis skills
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24 February, 2015
Process improvement in any organization must be systematic in order to optimize its underlying processes to achieve more efficient results.
Leaders are responsible for creating the strategic action plans in order to drive the organization towards success
PLAN-DO-CHECK-ACT
Start Small - End Big
-Set clear timelines.
- Do not spread resources thinly and focus on the short term payoff.
-Management and primary stakeholders must be involved, or else even a limited implementation will fail.
It is the methodology that both Process Redesign and Business Process Reengineering are based upon.