Decisive Decision Making for Digital Risk Management (DRM) – A Headway to Digital Transformation
Digital Transformation Aligning resources to remain competitive and meeting strategic goals are cumbersome in this era of “Digital Transformation”. Digital transformation is reshaping the corporate world. Pursuing the digitizing requires a sense of urgency, change management agents, and the ability to choose the optimal decision based on the data. Decision making requires Data as input and presenting data in […]
Integrated Cost and Schedule Risk Analysis (IRA). Why? 5 visuals explain it!
Summary In Oil & Gas industry projects are always complex whether onshore or offshore. Remote locations, site access, communities, resource constraints and long lead items (LLI), etc. can be challenging to execute the project. Performed schedule and cost risk analysis with uncertainty using Monte Carlo simulation for Condensate Process and Storage Facility Project. Developing a […]
Procurement and Logistics Mind Map. Wow Sounds interesting with 5 Major areas
Procurement And Logistics Mind Map. Wow Sounds Interesting With 5 Major Areas Procurement and Logistics Mind Map Pic 1 – Procurement and Logistics Mind Map Basic Mind Maps Standard Mind Maps Pro Mind Maps Customized Solution Basic Mind Maps We will create your mind map from you document or draft image/video or list of deliverable. […]
Planning and Implementing EPPM for PMO using Mind Mapping. How? 1 Picture Illustrates
Planning and Implementation of EPPM for PMO using Mind Mapping. How? 1 Picture Illustrates A Digital Transformation program with intensive change management initiative to digitize PMO. Used methodology of MindMapping for planning and facilitating workshops with Stakeholders. Enterprise level Software Implementation Project Management using MindMap – Digital transformation project. Facilitated the workshop with key stakeholders […]
Decision Tree Analysis for Making Decision Under Uncertainty
Why Decision Tree Analysis? Product Development: Before discussing anything on product development let us discuss what is the product? Precisely, a product is ‘Any Thing or Things produced’. More precisely, as per engineering and manufacturing perspective, products are purchased as a raw material and sold as finished goods. In a real world, Product can be tangible or intangible. […]
Earned Value Management (EVM) Concept
Earned Value Managment – EVM. Why is it so important? Earned Value Management (EVM) has always been challenging to understand. EVM covers 4 to 5 questions in the exam. I am going to narrate an example to explain this concept: Q – A company ABC is hired to install underground pipes for water supply to […]
How to Perform PERT Analysis Manually
One – Point estimation reflects one value per activity. It is based on expert judgement, experience, expert opinion or historical information. Fear of padding is always a major concern with one-point estimation. Also, it does not reflect risk or uncertainty associated to schedule or cost estimation. Therefore, Three-point (3) estimation is preferred for activity duration […]
Quantitative Cost and schedule Risk (QCRA, QSRA) Modelling of Weather event.
Introduction Tough, rigid, and uncertain conditions ground and environmental conditions in a remote location can be treacherous. Weather calamity can be a known-unknown or unknown – unknown event with huge impact. Generally, quantitative cost & schedule and Cost (QSRA & QCRA) model are developed for catastrophic events like Hurricane, Tornado and flood etc. Case Study […]
Project Risk Management Plan – Mind Map. What? Only 1 Picture!
Project Risk Management Plan – Mind Map. What? Only 1 Picture! Risk Management Plan – MindMap Quantitative Risk Analysis GleeyM Offer services to identify risks and perform Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) for mega complex projects! Click Here Workshop Facilitation GleeYM Offers Workshop Facilitation to help you to make […]
COMMUNICATE WITH RISK REGISTER
This article is on the RISK Register. It is equally applicable to Portfolios, programs, projects, ERM, etc. Throughout the article for simplicity, Risk Register is referred to Projects only. Key Words Risk identification, Risk communication, risk assessment, risk evaluation, risk meta-language, Qualitative Risk Analysis, Risk , Causes, Causation, Schedule, Cost, quality, Risk score, probability, safety, […]