I get it. You are frustrated from working so hard on your projects yet things keep popping up out of the blue. You and your team hold endless meetings, planning, discussing progress, and then out of nowhere here comes a crisis. You’ve been blindsided more than you care to remember. You just want out of this madness but don’t know how.
It’s called risk identification. You need to better identify, manage and respond to risks whenever they happen. Want to learn how to better manage risks? Let me teach you how! This Thursday at 2pm EST, I am hosting a FREE Managing Risks for Project Managers webinar. I will give you all of the information you need to master risk planning, identification and responses. Because no one likes being caught off guard. Join me here: http://bit.ly/managingriskswebinar
Today is September 1st, the ninth month of this year. If you haven’t completed what you want to thus far, I have good news and bad news. First, the bad news: 2/3 of this year is gone. Now, the good news: 1/3 of this year is left and you can still accomplish your goals with four months remaining. You can divide your tasks into quarters. September is the 1st quarter. October is the 2nd quarter. November is the 3rd quarter. December 4th quarter. Prioritize your must have tasks by quarters. Next, fast-track and accelerate mandatory tasks during the 1st quarter (September) by doing more than one task at the same time. Fast-tracking would increase risks which is why you would develop a contingency plan to handle any potential bottlenecks. Monitor the fast-track items’ progress with biweekly reporting to determine if you need to reallocate your resources. Finally, create a monitoring schedule for October through December to complete the fast-track tasks before the end of this year. Following these steps will ensure that you can still complete your mandatory tasks in the final third of the year.
Managing positive risk is indispensable towards increased personal and professional growth. There are four positive risk techniques: enhance, exploit, accept and share. Enhancing positive risk means distributing the risk among participants. For instance, if your team lands a huge contract, they will split the bonus money amongst themselves. Enhancing a positive risk is a win-win situation both individually and collectively. You can post the project accomplishment on your resume and LinkedIn as a team member while simultaneously highlighting your contributor. This is all the more reason to employ this technique.
Here at www.positivitychange.com we focus on managing positive change. I’ve come across PM Study Circle’s Risk Response Strategies for Positive Risks or Opportunities’ (http://pmstudycircle.com/2015/05/risk-response-strategies-for-positive-risks-or-opportunities/) . This article lists four positive risk strategies. There are risks involved when trying to effectively manage positive change. I’ve decided to highlight each positive risk strategies in future blog posts.