Why do we not acknowledge risk when we encounter it? What makes us select options that go against all best practices imaginable? Is there a way to avoid or recover from these bad decisions? Acknowledge it To Manage it describe a simple 4 step process that should be ingrained in any project management, or risk management plan.
4. IMAGINE
4
YOU HAVE A VERY IMPORTANT MEETING
A life changing moment awaits you.
You have worked for this moment all of your life.
A meeting to pitch for the position that you deserve
One chance only
GOAL: Attend the meeting
MILESTONE: Scheduled meeting time
5. 5
PROBLEM!
A flat tire awaits you.
And you decided to lie in for that extra 15
minutes
But you have options
Think quickly!
8. OPTION1THE WORK AROUND
8
PUBLIC TRANSPORT
• Won’t waste time resolving issue
• Will achieve the goal
• Sub optimal solution will result
missing milestone/s
• The issue still exists and become
problem
Crashing
Fast Tracking
Ignore Best Practices
Substandard Solution
9. OPTION2THE NARROW VIEW
9
DRIVE WITH FLAT
• Won’t waste time resolving the issue
• Loss of control without governance
• Missed milestone/s
• Will not achieve goal/s
• Create more issues downstream
• The issue still exist
No Strategy
No Plan
10. OPTION3THE SOLUTION
10
CHANGE TIRE
• Will achieve goal
• Issue is resolved
• Time consuming to resolve an issue
and get going again
• Might miss milestone
11. LESSONS
11
Lost Time is LOST.
You cannot CRASH or FASTTRACK your way out
of every problem.
Unattended issues have an nasty habit of
escalating into problems that can sucks the life
out of any project.
The LATER you start the LOWER the chance of
success.
The LATER you start the more COSTLY recovery
will be.
Playing the TEAM-PLAYER card is a dangerous
game.