Hello, this module focuses on how to manage projects in a complicated world. The world is changing rapidly and in unpredictable ways. Just consider the changes caused by new technology, worldwide trade and competition, social and political disturbances, and the environmental emergency.
You might think that project management has little to do with these major global matters. However, all kinds of organizations, whether large or small, are impacted by the world they operate in. How a company understands and responds to this complexity influences the projects it chooses to undertake and how it handles them.
This week, we begin by examining frameworks that help us grasp this intricate world. These frameworks guide our actions, responses, and decision-making in the face of complexity.
Next, we delve deeply into various methods and practices for managing projects when faced with uncertainty, instability, and change. These methods include linear approaches and life cycles, often known as the waterfall method, as well as iterative or agile approaches. You will explore the pros and cons of these methods, as well as the ongoing debates about them.
By the end, you’ll grasp how to use and blend these methods effectively to achieve successful project outcomes.
To start off this week, we’re interested in hearing about your experiences. Considering those major global issues like technology, competition, social and political changes, and environmental problems, think about how they impact your organization and the projects you’re involved in.
Feel free to share your experiences with fellow learners in the discussion.
As an administrative/virtual assistant, technology has really been a helpful ass i get to work remotely.
It is worth nothing that we should be aware of climate change, government policies, laws e.t.c because if we are not informed, we will definitely be deformed
It has helped in ensuring accountability and real time data access
Environmental factors has an impact on my project as an entrepreneur even in environments that are relatively stable. From access to capital, to access to technology, to access to people, projects will succeed or fail based on the project leaders ability to make maximum use of available resources.Uncertainty about how much a project will cost (project cost estimation), who will work on it, how long it will take, and whether or not it will ultimately achieve the goals I’ve set for myself and my client.
As a pm you need to update yourself,when it’s comes to technology and social changes ,it’s helps you not to be left out and be ready for any circumstances
Political Issues and Environmental policy has a great effect on the project delivery and actualization. Some policy might might affect the project either positively or negatively
Environmental and social management risks posed by different projects needs to be mitigated and appropriate measures need to be in place to limit the adverse effect of any project to the environment.
Increasing concerns about environmental issues, such as climate change and resource depletion, have led to increased scrutiny of corporate sustainability practices. Organizations are under pressure to adopt eco-friendly initiatives, reduce their carbon footprint, and demonstrate responsible corporate citizenship. Failure to do so can lead to reputational damage and potential legal repercussions. I’ve worked with a project team where we needed to ask for more funding as a result of the environmental challenges that we were faced with.
As PM we must be ready for change and think technical as many things in the world become sophisticated.
As an entrepreneur change is constant and moving with the change as it comes is the way forward, just because we don’t want to be left out of technology, it makes it easy to reach out to more audience, it makes it easy to communicate and showcase what you have to offer.
The only constant thing in life is change and it comes in different ways. Change can be driven by new technology, globalisation of trade and competition, social and political upheaval, and the environmental crisis. A good project manager has to be flexible and adaptable to accommodate these changes, mitigate the risks presented by these changes and manage a project successfully. Also, the PM also has to have a strategy to deal with these changes.
The only constant thing in life is change and it comes in different ways. Change can be driven by new technology, globalisation of trade and competition, social and political upheaval, and the environmental crisis. A good project manager has to be flexible and adaptable to accommodate these changes, mitigate the risks presented by these changes and manage a project successfully. Also, the PM also has to have a strategy to deal with this changes.
Change is inevitable in life and so goes with every aspect in managing an organization.
Technology now is coming to stay in geometric proportion so as a PM you just have to initiate a way out around the demanding tech within your environs and how to mitigate the risk faced in the environment.
Build a value system that will set a pace ahead of other competitors in the market so that there will be smooth running of an organization.