Put yourself in the role of a project manager collaborating with MTD, an events company.
Considering the difficulties and problems that MTD encounters in their projects, what insights have you gained this week that could offer assistance?
If an iterative approach were employed in organizing an event as a project, what would be the consequences? Similarly, what are the implications of adopting an agile approach? If the company sought your advice, what would you recommend?
Contribute your thoughts and ideas to the discussion.
As a PM, it is important to note that, because we live in a volatile world where change is the only constant thing, there is need to combine the linear and iterative approaches when handling a project as the occasion demands.
As a project manager faced with the same situation as the MTD’s, I would advise on the implementation of the VUCA framework to help in understanding the necessary approaches and developing suitable response.
I would also advice that an iterative and agile approach be taking to reduce project risks and aid in controlling budget cost simultaneously while working on the project.
The implications of taking an agile approach for MTD is that the project would be managed using short sprints, with each sprint focused on delivering a specific feature or functionality.
the implications of taking an iterative approach to setting up an event as a project is that
The project would be broken down into smaller, more manageable tasks.
Each task would be completed in an iterative fashion, with feedback being gathered and incorporated into the next iteration.
I believe that an iterative approach and an agile methodology would be a good starting point for them.
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If I will apply the MTD scenario as a project manager, I will look at the problems and implement the VUCA framework tools to handle issues and proper solutions at any projects or events.
The linear and iterative methods and agile are all necessary are good approach for framework and the volatility.
As project Manger in making I will advice incorporating both both linier and iterative methods to plan the event putting into consideration VUCA and time
The consequence of the agile approach is that it wastes quality time and resources because the quality of time and resources cannot be accurately estimated which could pose a challenge to the event planning company.
The implication of the agile approach is that if the users are consistently not satisfied with the project, they may lose confidence in the company but if the linear approach was to be used it would enable the project manager to stop when the problem is identified, and possible solution could be adopted.
As a PM using VUCA framework tool is the best alternative because it helps to develop suitable response to issues challenges projects.
Therefore managing a project needn’t be a choice btw either linear or iterative approach but in practice you best need to combine them.
It’s important that a project have a controlled start, middle and end.
Orienting yourselves as a PM is another framework for understanding and responding to challenges in a complex world.
Thanks ?.
As a product manager being in the senerio As described with the MDT team, I would incorporate the linear and the iterative approach as this would make sure the project is getting the right feedback from stakeholders and the investors with intermittent role out of the software and feedback.This approach shows transparency to the stockholders involved and give the the assurance that their investment is working.
The disadvantage of adopting iterative approach, is that premature software are pushed out for feedback from time to time until the whole project is finalized.
The consequences of using agile approach is the timing, and company not using agile approach before could take more time to get their digital tools setup, but the agile approach saves more project time and resources, and show transparency which boost the confidence of the investor, as projects are completed in real-time
As a project manager, if I met a scenario like the MTD, I will adopt a flexible approach as no two projects have similar nature and requires similar management style. Here, I believe that it is necessary to follow a specific approach to a project with unique characteristics and carried out in an environment with specific features. In addition, it is better to predict the possible scenarios based on the situation that surrounded the project and act accordingly.
As the project manager for MTD, I would advice that the teams involved be assigned different tasks and given a timeline to achieve them while we also run weekly review meetings to see how the client feels about the ideas brought together for their even and in return take back the corrections and suggestions made to further improve the project at hand.
MTD needs to have a combination of linear and iterative approach because they mostly apply iterative lifecycle which only show forth it’s result at the end of the project.
What would be the implication of taking an iterative approach to setting up an event as a project?
Events can go bad along the way, that’s why it’s advisable to perform each tasks in bits whilst deriving value from each task done.
What are the implications of an agile approach? An agile approach can help you to be a great thinker, rectifying issues with immediate effect and it also stretches you in the process.
If you asked to advise the company, what would your advice be? A lot of flexibility should be inculcated which means we can have other options of achieving our goals not just a fixed form of carrying out our plans.
As a project manager, i will use both Agile and VUCA approach where necessary. Agile approach to put check on budget and changing cost while VUCA for implementing changes in the course of the project because adopting both makes a very successful project.