What is decision framing in project risk management; identifying problems and assessing situations; defining project objectives; generating alternatives and identifying risks.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Short overview of decision analysis in project management; project decision analysis workflow; introduction to psychology of judgement and decision-making in project management.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Business analysts have several key skills that make them invaluable to their organizations and the projects they work on. One of those skills id problem analysis. These slides cover the 5 steps you need to take to be effective at problem analysis.
What is decision framing in project risk management; identifying problems and assessing situations; defining project objectives; generating alternatives and identifying risks.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Short overview of decision analysis in project management; project decision analysis workflow; introduction to psychology of judgement and decision-making in project management.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Business analysts have several key skills that make them invaluable to their organizations and the projects they work on. One of those skills id problem analysis. These slides cover the 5 steps you need to take to be effective at problem analysis.
Comparing Two Types of Decision-making: When experts are better -- or notKerry Cunningham
This brief presentation explains the difference between naturalistic decision-making and the heuristics and biases perspective; briefly explains how the two are synthesized.
Most projects start out as great ideas. But, somewhere along the way, project management mistakes are made, communication breaks down, and, most projects—70% of them— end up late, over budget, and on the way to the project dumpster. These 8 projects failed epically, but therein are contained project management lessons any smart manager can benefit from.
Project Teams - people issues, roles, and responsibilitiesJohn Cachat
Project Managers
Consultants
Four types of Users
User Responsibilities
Sufficient Resources
Get in the game – this is not practice!
johncachat@hotmail.com
www.peproso.com
Stanford Class Presidents, Session One, FeedbackEd Batista
In January 2015 I'm doing a two-part seminar on Feedback and Coaching with the Stanford Class Presidents. This is my deck from Session One on Feedback.
Comparing Two Types of Decision-making: When experts are better -- or notKerry Cunningham
This brief presentation explains the difference between naturalistic decision-making and the heuristics and biases perspective; briefly explains how the two are synthesized.
Most projects start out as great ideas. But, somewhere along the way, project management mistakes are made, communication breaks down, and, most projects—70% of them— end up late, over budget, and on the way to the project dumpster. These 8 projects failed epically, but therein are contained project management lessons any smart manager can benefit from.
Project Teams - people issues, roles, and responsibilitiesJohn Cachat
Project Managers
Consultants
Four types of Users
User Responsibilities
Sufficient Resources
Get in the game – this is not practice!
johncachat@hotmail.com
www.peproso.com
Stanford Class Presidents, Session One, FeedbackEd Batista
In January 2015 I'm doing a two-part seminar on Feedback and Coaching with the Stanford Class Presidents. This is my deck from Session One on Feedback.
Minco Ruiter
Project Leader, Inforsa
Minco Ruiter works in forsenic and mental health care, particularly within high and intensive care wards. From 2008 Mr Ruiter has been heading a large project on 'minimising coërcion and restraint' in three forensic and regular mental health high and intensive care clinics. From 2013 this project refocused and now aims to look at 'close contact care' as a whole by providing one-to-one teams and de-escalation mentors. Mr Ruiter gained a Bachelor in Social Work at the University of Amsterdam.
Workshop Title: Close Contact Care and Emotional Needs of Patients
The workshop will outline the successes of an experience-based intervention for reduction of coercion and seclusion and the de-escalation mentor within the clinics of high and forensic care of Inforsa, Arkin, Amsterdam.
It will outline how the key to de-escalation lies in changing the emotional distance between caregivers and care receivers. Handling aggression and trying to de-escalate is about reflecting and meeting the emotional needs of the other, even when they are in rage. He will argue that the key is de-escalation mentors allowing those involved to reflect and therefore act in line with the emotional needs of those
Documentation on PMP Risk Management Plan & Template.
If you like a downloaded version, add me to your network on Linkedin
www.linkedin.com/in/alliegentry
and in the invite, please let me know you would like a word copy of this document.
Allie Gentry
PivotLogix
The act or process of choosing a preferred option or course of action from a set of alternatives which precedes and underpins almost all deliberate or voluntary behavior (Colman, 2015)
Last segment of our book on Negotiation and Decision-making. Manhattan Elite Prep offers GMAT, SAT, GRE, LSAT, TOEFL, MCAT preparation class, course, tutoring & tips. Also offers MBA, Graduate School, law school & college admissions consulting, language, computer and career training. Call 888-215-6269 or visit http://www.manhattaneliteprep.com/
Public Speaking Tips to Help You Be A Strong Leader.pdfPinta Partners
In the realm of effective leadership, a multitude of skills come into play, but one stands out as both crucial and challenging: public speaking.
Public speaking transcends mere eloquence; it serves as the medium through which leaders articulate their vision, inspire action, and foster engagement. For leaders, refining public speaking skills is essential, elevating their ability to influence, persuade, and lead with resolute conviction. Here are some key tips to consider: https://joellandau.com/the-public-speaking-tips-to-help-you-be-a-stronger-leader/
Comparing Stability and Sustainability in Agile SystemsRob Healy
Copy of the presentation given at XP2024 based on a research paper.
In this paper we explain wat overwork is and the physical and mental health risks associated with it.
We then explore how overwork relates to system stability and inventory.
Finally there is a call to action for Team Leads / Scrum Masters / Managers to measure and monitor excess work for individual teams.
Enriching engagement with ethical review processesstrikingabalance
New ethics review processes at the University of Bath. Presented at the 8th World Conference on Research Integrity by Filipa Vance, Head of Research Governance and Compliance at the University of Bath. June 2024, Athens
A presentation on mastering key management concepts across projects, products, programs, and portfolios. Whether you're an aspiring manager or looking to enhance your skills, this session will provide you with the knowledge and tools to succeed in various management roles. Learn about the distinct lifecycles, methodologies, and essential skillsets needed to thrive in today's dynamic business environment.
The case study discusses the potential of drone delivery and the challenges that need to be addressed before it becomes widespread.
Key takeaways:
Drone delivery is in its early stages: Amazon's trial in the UK demonstrates the potential for faster deliveries, but it's still limited by regulations and technology.
Regulations are a major hurdle: Safety concerns around drone collisions with airplanes and people have led to restrictions on flight height and location.
Other challenges exist: Who will use drone delivery the most? Is it cost-effective compared to traditional delivery trucks?
Discussion questions:
Managerial challenges: Integrating drones requires planning for new infrastructure, training staff, and navigating regulations. There are also marketing and recruitment considerations specific to this technology.
External forces vary by country: Regulations, consumer acceptance, and infrastructure all differ between countries.
Demographics matter: Younger generations might be more receptive to drone delivery, while older populations might have concerns.
Stakeholders for Amazon: Customers, regulators, aviation authorities, and competitors are all stakeholders. Regulators likely hold the greatest influence as they determine the feasibility of drone delivery.
Senior Project and Engineering Leader Jim Smith.pdfJim Smith
I am a Project and Engineering Leader with extensive experience as a Business Operations Leader, Technical Project Manager, Engineering Manager and Operations Experience for Domestic and International companies such as Electrolux, Carrier, and Deutz. I have developed new products using Stage Gate development/MS Project/JIRA, for the pro-duction of Medical Equipment, Large Commercial Refrigeration Systems, Appliances, HVAC, and Diesel engines.
My experience includes:
Managed customized engineered refrigeration system projects with high voltage power panels from quote to ship, coordinating actions between electrical engineering, mechanical design and application engineering, purchasing, production, test, quality assurance and field installation. Managed projects $25k to $1M per project; 4-8 per month. (Hussmann refrigeration)
Successfully developed the $15-20M yearly corporate capital strategy for manufacturing, with the Executive Team and key stakeholders. Created project scope and specifications, business case, ROI, managed project plans with key personnel for nine consumer product manufacturing and distribution sites; to support the company’s strategic sales plan.
Over 15 years of experience managing and developing cost improvement projects with key Stakeholders, site Manufacturing Engineers, Mechanical Engineers, Maintenance, and facility support personnel to optimize pro-duction operations, safety, EHS, and new product development. (BioLab, Deutz, Caire)
Experience working as a Technical Manager developing new products with chemical engineers and packaging engineers to enhance and reduce the cost of retail products. I have led the activities of multiple engineering groups with diverse backgrounds.
Great experience managing the product development of products which utilize complex electrical controls, high voltage power panels, product testing, and commissioning.
Created project scope, business case, ROI for multiple capital projects to support electrotechnical assembly and CPG goods. Identified project cost, risk, success criteria, and performed equipment qualifications. (Carrier, Electrolux, Biolab, Price, Hussmann)
Created detailed projects plans using MS Project, Gant charts in excel, and updated new product development in Jira for stakeholders and project team members including critical path.
Great knowledge of ISO9001, NFPA, OSHA regulations.
User level knowledge of MRP/SAP, MS Project, Powerpoint, Visio, Mastercontrol, JIRA, Power BI and Tableau.
I appreciate your consideration, and look forward to discussing this role with you, and how I can lead your company’s growth and profitability. I can be contacted via LinkedIn via phone or E Mail.
Jim Smith
678-993-7195
jimsmith30024@gmail.com
Employment PracticesRegulation and Multinational CorporationsRoopaTemkar
Employment PracticesRegulation and Multinational Corporations
Strategic decision making within MNCs constrained or determined by the implementation of laws and codes of practice and by pressure from political actors. Managers in MNCs have to make choices that are shaped by gvmt. intervention and the local economy.
Specific ServPoints should be tailored for restaurants in all food service segments. Your ServPoints should be the centerpiece of brand delivery training (guest service) and align with your brand position and marketing initiatives, especially in high-labor-cost conditions.
408-784-7371
Foodservice Consulting + Design
Integrity in leadership builds trust by ensuring consistency between words an...Ram V Chary
Integrity in leadership builds trust by ensuring consistency between words and actions, making leaders reliable and credible. It also ensures ethical decision-making, which fosters a positive organizational culture and promotes long-term success. #RamVChary
Org Design is a core skill to be mastered by management for any successful org change.
Org Topologies™ in its essence is a two-dimensional space with 16 distinctive boxes - atomic organizational archetypes. That space helps you to plot your current operating model by positioning individuals, departments, and teams on the map. This will give a profound understanding of the performance of your value-creating organizational ecosystem.
2. Focus on Decisions in Projects
In project management, decisions are required throughout the Triple
Constraints:
• Scope (how much functionality, at what quality level, for how many
users, etc.)
• Schedule (can activities be crashed, can activities be aligned
differently, can a provider change its schedule, can you skip/defer
activities, can milestones be missed or eliminated, etc.)
• Cost (can a segment of work be allowed to come in over cost; can
you reduce the cost of a segment; can you afford a scope change,
etc.)
3. The Anatomy of Decision Making
Prefrontal Complex is
highly implicated in
decision making
The Good Guys The Bad Guys
DLPFC
OPC
Fear is the Mind Killer
4. The Anatomy of Decision Making
DLPFC
Verbal &
Design
Fluency
Planning
Working
Memory
Reasoning
Problem
Solving
Shift Set
OPC
Impulse
Control
Maintenance
of Set
Monitor
Ongoing
Behavior
Rewards
based on
Sensory
Stimuli
5. Steps to Improve Decision Making
Nutrition
Daily Multivitamin
Good Carbs
Protein from Diverse Sources
(FISH, FISH, FISH!).
Fruits
Vegetables
Weight loss improves memory and alters brain activity in overweight women
June 17, 2013, Endocrine Society
Cardio – 30 min (Doctor!)
Strength 1-2 Hrs (Doctor!)
Yoga
Exercise
Exercise reorganizes the brain to be more resilient to stress
Posted July 3, 2013, Princeton University
Sound
Sight
Touch
30 MinMindfulness
Meditation
Mindfulness meditation can improve decision-making, new study suggests
February 12, 2014, Wharton
6. Decision Making : Introduction
• We will be looking at decision making failures at the:
Individual Group & Organizational level
7. The CEO decides
• It entails simultaneous decisions at multiple levels
Decisions are made in the room
• work happens “off-line”
Meetings ratify decisions
Decisions are intellectual exercises
• social pressures, politics and emotions influence
decision making
Managers analyze & decide
• Decision making is non-linear
Decision Making: Myths
9. Bias
Social
Halo Effect
Self Serving Bias
Memory Bias
Rosy retrospection
Consistency
Decision Making Bias
Not Invented Here
Basic Rate fallacy
Confirmation bias
Probability / Belief Bias
Overconfidence effect
Subadditivity effect
Optimism bias
Ingroup Bias
Hindsight bias
Déformation
Professionnelle
Recency effect
Planning Fallacy
Fundamental
Attribution Error
Semmelweis reflex
Many More
10. Bias
Social
Halo Effect
Self Serving Bias
Memory Bias
Rosy retrospection
Consistency
Decision Making Bias
Not Invented Here
Basic Rate fallacy
Confirmation bias
Probability / Belief Bias
Overconfidence effect
Subadditivity effect
Optimism bias
Civilians vs Defense Personnel
Ingroup Bias
Hindsight bias
Déformation
Professionnelle
Recency effect
Planning Fallacy
Fundamental
Attribution Error
Semmelweis reflexLook at things according to one’s own
profession, discounting the broader
view point
11. Bias
Social
Halo Effect
Self Serving Bias
Memory Bias
Rosy retrospection
Consistency
Decision Making Bias
Not Invented Here
Basic Rate fallacy
Confirmation bias
Probability / Belief Bias
Overconfidence effect
Subadditivity effect
Optimism bias
Civilians vs Defense Personnel
Ingroup Bias
Hindsight bias
Déformation
Professionnelle
Recency effect
Many More
Planning Fallacy
Fundamental
Attribution Error
Semmelweis reflexLook at things according to one’s own
profession, discounting the broader
view point
The tendency to underestimate task
completion times.
The tendency to reject new evidence if
it contradicts an established paradigm.
12. Framing
Frames are mental
models-comprising of
tacit beliefs and
assumptions- that allow
people to create simple
mental models for
complex situations.
Two Competing Theories
Expected Value or Average
when assessing
a complex situation
Psychologists (Tversky / Kahnmen)
Wording (framing) of problem matters
Framing as gain or loss matters
e.g. How many patients survive as
opposed to how many patients died
Beliefs &
Assumptions
13. Framing
Frames are mental
models-comprising of
tacit beliefs and
assumptions- that allow
people to create simple
mental models for
complex situations.
Intelligence Agents May Be Prone to Irrational Decision Making
U.S. intelligence agents may be more prone to irrational inconsistencies
in decision making compared to college students and post-college adults
Beliefs &
Assumptions
14. Leaders Don’t impose your frame on your
team.
Don’t constrict alternatives
Teams Be aware of frames
Consider multiple frames
Define problems in different
ways
Test Assumptions
Framing: Solutions
15. Bias: In Project Management
A project manager frames current reports in light of positive
past reports. (Framing)
Seeks out data to confirm his frame. (Confirmation)
Disregards evidence that current data may indicate deviations
from baseline (Semmelweis Reflex)
16. Intuition
Intuition
The ability
to understand something
instinctively, without the need
for conscious reasoning
=
Past Experience
Intuitive Decision-Making Based on Expertise May Deliver Better Results
Than Analytical Approach
Intuition may be just as effective in decision-making as an analytical approach
17. Intuition: Communication
Karl Weick's 5-step process for communicating intuitive decisions to a team.
1. Here’s what I think we face.
2. Here’s what I think we should do.
3. Here’s why.
4. Here’s what we should keep our eye on.
5. Now, talk to me.
18. Analogy: Merits | Demerits
Merits
• Allows cumulative
knowledge
application.
• Avoid historical
mistakes.
• Allows lateral
thinking.
Demerits
• Focusing on
similarities ignoring
differences.
• Bias towards past
salient analogies.
• Not validating
assumptions
Associative Reasoning
19. Analogy : Improving our reasoning
Neustadt and May
techniques
2 Lists
similarities differences
Another List:
•Known
•Unknown
•Presumed
Goal: Separate Fact from Assumption
20. Steps of Decision Analysis in Project
Management
Decision
Framing
Modelling the
Situation
Quantitative
Analysis
Actual
Performance
Tracking
• Identify Risk
• Assessing
Business
Situations
• Determine
Success
Criteria
• Generate
Alternatives
• Quantify
Uncertainties
• Quantify Risk
• Is additional
Information
Required
• Decide on
Course of
Action
21. Tools of Decision Analysis
RACI Chart
Decision Threshold Matrix
Brainstorming
Delphi Technique
Group Decision Making Techniques
Mind Mapping
WBS
Project Scope Statement
Project Network Diagram
Estimating
Critical Path Analysis
Monte Carlo Analysis
Variance Analysis
23. Wisdom of the Crowds
Groups can make
better decisions
than individuals
• Pool diverse talents
• Achieve synergistic
benefits
Many groups do
not realize those
potential
synergies;
• they experience
process losses (do
worse than the best
individual in the group)
Preconditions Diversity: Many different disciplines, perspectives, and areas of
expertise.
Decentralization: people with local and specific knowledge can
contribute.
Aggregation of individual judgments.
Independence: no pressures for social conformity.
24. Groupthink : Symptoms | Results | Signs
Groupthink
• Team pressured into conformity
• Loss of critical thinking.
• Yes Sir!
25. Groupthink : Symptoms | Results | Signs
Invulnerability
Conformance
Superiority
Stereotyping
No Democracy
False
unanimity
Self
Censorship
Control and
filtering of
information
Few Alternatives
Risk planning
suffers
Rejected options
not reconsidered
Outside help not
sought
Confirmation bias
Contingency
planning suffers
Meetings are not
contentious
Junior members
stay quiet
Planning stage is
more about
paperwork than
ideas
Meetings
dominated by few.
Rubberstamping
Protocol across
communication
levels is rigid
Dissent not
tolerated
26. Groupthink
Women Speak Less When They're Outnumbered
“Results showed that the consensus-building approach was particularly
empowering for women who were outnumbered by men in their group”
Prevent Groupthink by using the Delphi Technique
27. Debate : Solutions
Channel
Debate
Refocus attention and provide alternative view.
Ask polite non threatening questions.
Enhance creativity & understanding with creative
data & ideas.
Revisit basic facts and assumptions
Keep common ground ready for intervention.
Reevaluate discussions for lessons learnt.
Share best practices
Are
questions
probing?
Is group
seeking
new
information
?
Are
revisions
based on
feedback?
Is
ambiguous
data
interpreted?
Are new
arguments
being used or
are people
entrenched?
Quiet
individuals
withdrawing?
28. Justice
Decisions require
consensus &
convergent thought
Effective Teams
need to implement
good decisions
Consensus can
only be reached if
the decision
process is
deemed to be fair
People don’t only care about
the verdict. They also care
about the process.
People losing a verdict were
happier if the process was
deemed fair
Components of a Fair Process
1. People are free to express their views
2. People agree decision making process is fair
3. Leadership listens and incorporates ideas
4. Clear rationale for final decision is given
29. Small Wins
Gather views
& ideas
Filter Decide
Prescriptive process model
• Filter
• DecideIdea
• Filter
• DecideIdea
• Filter
• DecideIdea
Small Wins process model Avoids
Polarization.
Increases
Productivity
Careful of
• People going back on their decisions. Keep people accountable.
• Losing the trust of others.
32. Practical Drift
Scott
Snook
Organization
• Rules
• Procedures
Organizational
Units
• Practical Action
• Locally mandated & efficient
Organizational
Unit
• Local action become accepted practice
Organizational
Unit
• Practice drifts from procedure
33. Avoidance tips for Practical Drift and Normalizing Deviance
1. Organizational structures and systems transparency.
2. Avoid fast fixes.
3. Open Communication.
4. Procedural hand-over of information
5. Disrupt silos.
6. Design effective cross-functional teams.
7. After-action reviews to improve processes.
34. Proactive Problem Solving
HRO : High Reliability Organization
Complex organizations in high-risk environments low
failure rates e.g Aircraft Carriers
Path
to an
HRO
Emphasis on failure.
Avoid simplifying interpretations.
Sensitivity to operations.
Commitment to resilience.
Expertise utilized from all levels of the
organization.
35. Proactive Problem Solving
Leadership
Problems
On time problem
Identification
Solving the wrong
problem
Leadership
Requirements
Proactive Problem
Solving
Open to solutions
Right question not
only right answer
Decisions originate from the brain. Although some decisions people make might disprove that fact
Are there steps that we can take to improve our decision making machinery.Sugar disrupts BDNFMaternal Junk Food diet disrupts opioid pathways in offspring.Cortical thickness of grey matter increased with meditationErum Ghazi will be taking us through a mindfulness session
So lets see what happens at the individual level
How many biases can you relate to?
How many biases can you relate to?
How many biases can you relate to?
Ask Richard and Asif importance of intuition.Anyone in the audience that believes their intuition is good?Please Fill in the section on intuition.Can I ask 5 people for their suggestions
Please complete the Exercise on AnalogyBCDA
How many people have experienced Groupthink?What steps did you take to mitigate Groupthink?
How many people have experienced Groupthink?What steps did you take to mitigate Groupthink?
How many of these steps have you used in your debates?
Do you setup a fair process system for your team members to follow?
Now we turn to the organizational level
The space shuttle was launched at lower and lower temperatures. And each successful launch at a lower temperature moved the goal post.
How could one avoid Practical Drift and Normalizing Deviance. Please fill the sheetCan I get some answers
Anyone here with experience working in a HROCMMI Level 5 Or a COBIT Maturity Model of 5