PMI continues
A guy walked into a table and hurt himself. He was wearing his “stupid hat” and therefore, he sued the table manufacturer for damages. You bet, the manufacturer had not contemplated such a risk.
Strange way to begin a diary posting, isn’t it! Yet, in countries not too far away, it is a way of life.
So what do companies do? The answer is simple - they manage their risks.
This is what we discussed on day 2 of Project Management Introduction (PMI) course. Whether you consider all risks under PEST (for those lesser initiated – it stands for Political, Economic, Social, Technological) or some other definition. Risks are a part of life and “who cares, wins!” The secret of risk management is to remember – It is humans, and not entities, that cause risk. And project management is all about managing risks.
In the first session of the day, all the teams went into a deep-discussion mode. My team – Blue 3 – also went into a huddle; brainstorming about the possible risks that our warehouse project may encounter. In the second session, we worked on the methods of projecting expenses, revenue and cash flow. Soon enough I found it difficult enough to contain myself and together with Dennis and Olivier I starting working on the spreadsheets. Slowly, I was feeling heavy (and it is just Day 2 of Term 2) and found my concentration level at its peak. Numbers were coming to me easily except that deep down there was a fear lurking inside me – anything can happen in the implementation of the project work – we may run out of cash, any of the tasks may take longer than planned, labour may return back if they find their accommodation not ready, etc. etc. There were enough possibilities of the project going haywire.
Is that what a Project Manager faces in real life? How does he survive project after project? Every successful project manager deserves a noble prize. The questions were plenty.
The answer, surprisingly, came from John Algar – our professor and Director of Project Management team at Cranfield MBA. The secret of a project is to plan one task at a time. If you get that right, you can manage the project well. To this, I add one statement from my own understanding – Project management is the summation of sound planning, proper execution and teamwork. While Cranfield MBA will help me understand subtleties of planning and execution, what stands’ tall is the opportunity to experience team work.
It has just been two days when I became part of a new team, but it seems like a natural progression on a journey that should last a lifetime.
Strange way to begin a diary posting, isn’t it! Yet, in countries not too far away, it is a way of life.
So what do companies do? The answer is simple - they manage their risks.
This is what we discussed on day 2 of Project Management Introduction (PMI) course. Whether you consider all risks under PEST (for those lesser initiated – it stands for Political, Economic, Social, Technological) or some other definition. Risks are a part of life and “who cares, wins!” The secret of risk management is to remember – It is humans, and not entities, that cause risk. And project management is all about managing risks.
In the first session of the day, all the teams went into a deep-discussion mode. My team – Blue 3 – also went into a huddle; brainstorming about the possible risks that our warehouse project may encounter. In the second session, we worked on the methods of projecting expenses, revenue and cash flow. Soon enough I found it difficult enough to contain myself and together with Dennis and Olivier I starting working on the spreadsheets. Slowly, I was feeling heavy (and it is just Day 2 of Term 2) and found my concentration level at its peak. Numbers were coming to me easily except that deep down there was a fear lurking inside me – anything can happen in the implementation of the project work – we may run out of cash, any of the tasks may take longer than planned, labour may return back if they find their accommodation not ready, etc. etc. There were enough possibilities of the project going haywire.
Is that what a Project Manager faces in real life? How does he survive project after project? Every successful project manager deserves a noble prize. The questions were plenty.
The answer, surprisingly, came from John Algar – our professor and Director of Project Management team at Cranfield MBA. The secret of a project is to plan one task at a time. If you get that right, you can manage the project well. To this, I add one statement from my own understanding – Project management is the summation of sound planning, proper execution and teamwork. While Cranfield MBA will help me understand subtleties of planning and execution, what stands’ tall is the opportunity to experience team work.
It has just been two days when I became part of a new team, but it seems like a natural progression on a journey that should last a lifetime.
posted by Sandeep Gupta at
8:17 pm
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