This discussion will focus on the importance of distinguishing assumptions, constraints, risks and issues and provide the stakeholder management strategies associated with each condition. Many organizations collapse or confuse the four terms, and thus have a difficult time effectively managing the required responses. More mature organizations are beginning to see the value of effectively managing the definition and communication of project assumptions, constraints, risks and issues across similar projects, and are undertaking efforts to invest the time and personnel to identify common assumptions and proactively respond to those systemic risks critical to the success of the organization’s projects. Other organizations, however, continue to invest little effort within their project’s initiation and planning phases in identifying and communicating assumptions and constraints, leaving their project teams in a reactive, fire-fighting mode of managing projects when issues arise in the execution phase. These organizations often have to accept deliverables which don’t meet the performance objectives, in a project already late and over budget.
Key Learning Points
Brad Malone, PMP, is President of Twin Star Consulting Company, and has managed numerous large hardware, product development, software integration, and organizational change projects in his 30+ year career. He develops and instructs training courses in basic and advanced portfolio and project management skills, requirements, risk, estimation, team development, and leadership, and has trained over 25,000 course participants globally.
Mr. Malone has authored and taught the Project Management Institute’s best-selling course, Project Management: Competencies and Structure, since its inception and for the past 20 years worldwide; and is a regular presenter at PMI Global Congresses, local PMI Chapter meetings and for AVIXA, NSCA, ISE, ProSource, PSNI, PSA Security, as well as a regular contributor to numerous trade and industry journals.
He has directed many portfolio, project and resource management process implementation and improvement efforts for Fortune 1000 corporations globally. Clients include: Starbucks, GE, P&G, Chase, Siemens, and many mid-size companies. He leads portfolio and project management maturity audit teams for commercial and government clients, and consults with a wide variety of customers on portfolio / project management culture and process implementation and leadership issues.
Contact him at brad@twinstarconsulting.com
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