The main factors of uncertainty in project management
Companies today operate in a VUCA (Volatility, Uncertainty, Complexity, Ambiguity) environment: accentuat innovation week 2012: govhack, govcamp and govjam by the COVID crisis, this constantly evolving environment is often complex, unpredictable, and therefore a generator of risks!
To minimize them, the first thing to do is to identify “risk-generating” events. Here are the main risk factors in project management:
- Human risk: interpersonal conflicts, resistance to change, lack of skills or absenteeism.
- Time risk: delays by subcontractors or suppliers, poor estimation of deadlines.
- Technical risk: unsuitable equipment, breakdowns, errors, technological developments.
- Legal risk: a change in legislation, regulations to be respected.
- Financial risk: lack of budget, expenses exceeding the estimate.
- Organizational risk: political and economic changes.
GOOD TO KNOW
To be as comprehensive as possible, don’t hesitate to organize a brainstorming session with the project teams. Look at projects already completed within the company. What are the typical risks encountered. You can refine your list.
Agile project management: an asset for resilience
As you can see, the first thing to do is to identify and prioritize the risks in order to minimize them.
Next, the challenge is to adopt an agile approach to improve project resilience in the face of uncertainty. This practice europe email encourages flexibility, collaboration, and rapid response to change. Agile methods such as Scrum or Kanban are often us to put these principles into practice.
Agile leaders develop a culture of adaptability and continuous improvement, which is crucial for responding quickly and adapting in uncertain environments. Discover the qualities of an agile leader.