Skip to main content

Risk Management

Risk Management and crisis management are completely different. Crisis may or may not happen in a project but risk is an inevitable part in project development. Management of risk is essential because without them it is impossible to impress people. Handling a stable product is normal but the one thing that makes you extra ordinary is managing a project that is unstable and risky.

Risk is taking chances in order to provide a best quality product as assured. Risks should be low but they makes you active. They actually makes you alert.

Risk that has been constantly unnoticed and unaware may result in CRISIS. Then managing which is impossible. Risk and crisis are different entities. The former may be positive or negative in project's scope while the latter is always negative.

Handling of risk is tough and rough. Risk management deals with prediction of all the risks those were involved in the steps and closely monitoring them till it is avoided completely and emptied. Risks are often positive as they makes you to ensure the quality of the product.

On one hand risks are unavoidable. But risks should be properly forecast and the best course of action should be properly defined. This is not a predictable thing.

A leader should be a good planner, because planning the things with both negative and positive scenarios. The positive scenarios are proper project planning.administering and maintaining but the negative scenarios comprise of Situations those are faced during RISK and CRISIS.

There are tools available to predict risk and avoiding them. Risk management has the following steps
1. Risk Assessment:  Finding out the risks that are present in the project with the help of tool or experience
2. Risk Planning : Finding the proper and the best way to avoid risks in project life cycle.
3. Risk Management : Managing or guiding the team in times of risk and making them aware of what they want to do in order to avoid the risk and deliver the successful product.
4. Risk History : Make a note of the way, risk has been planned and the managed and also the way to avoid it.

Managing team makes you manager , But guiding them in times of crisis and risk establishes them as leaders.

Popular posts from this blog

Manage the time - Time Management

Time - Resource that runs. It is an inevitable part of every project. Managing and maintaining time is always a night mare for leaders. 

For Customers [Clients], time is money. For leaders, time is effort. As a leader, learning time management is tough.

In initial planning phase, we will estimate timeline based on ideal scenarios and add few bufferto that.

The resultof this estimation, should not be very low or high, former will be tighter while latter will make you out of competition.

Optimal effort has to be estimated because that will project the project in better way.
So time comes into picture even before you start estimating your project. 
Punctuality also a factor in time management.Being punctual, in most cases will be used to increase the quality of project.

Time when utilized in proper way is an unlimited quantity but it will be a wasted entity when it is not utilized properly.
Time runs and runs it never stops and turn back. Missed seconds would have been history, which you can not…

Leadership Designing - Design the leader in you

There are three types of leaders. They either make you discover or forget your leadership qualities. They are

follow traditionstick to rulesare straight forwardare obedientfollowersare more commonbelong to teacher's categorypreach what they learnt and believe that is correct.They willexpect everyone to beobedient followers [just like them]. They are good for traditional organizations, which expects top to bottom information flow. They are good conductors.

2.TIDE TEASERS:This group of leaders show off as if they were against everything,but in real they follow things quite str

Components of a Leader

The Journey of thousand miles begins with one stepYou want to be a leader, start from basics.

Opportunities are higher nowadays to become leader.To be a successful one,you have to learn basics [then you can stand firm longer and stronger]. 
Its mandatory for you to start from hello world,when you want to learn coding.
If you considerLeadership asan art, you can design it in any way. If Leadership is science, then it can be studied, analyzed, processed and modeled. 

Leaders have to be psychologically strong, to emotionally connect with team and motivate them even in adverse conditions.
Leaders require certain qualities that form the baseof leadership. 

Those basic qualities are
1. People Management "You don't build business, you build People who will in turn build business for you." "Make your top managers rich and they will make you rich." Leaders ar