Top 6 Most Impressive Megaprojects of 2015

Megaprojects  are crucial to the future of most cities, states, and individual livelihoods,  however, they also  attract a lot of public attention because of the substantial impacts they have on  communities,  environments, and government budgets.  The objective of these projects is to unlock higher growth paths for the economy, as such, they require care in the project development process to reduce any possible  optimism bias  and  strategic misrepresentation.

The problem is that these projects often go off the rails, either with regard to budget, time or both.

The risks associated with MegaProjects,  those costing 1 billion or more,  are well documented. In one influential study, Bent Flyvbjerg, an expert in project management at Oxford’s business school, estimated that nine out of ten go over budget.

The first factor is that the size of a MegaProject  can be so large and unique that it is difficult to model the costs and logistics. Another factor is that MegaProjects  are backed by governments which are not typically known for their success in budgeting or efficiency.

 

In today’s post, we’ve identified  the Top 6  most impressive MegaProjects of 2015. These MegaProjects  will transcend time and continue to bestow wonder upon new generations.

1. Mall of the World, Dubai

Mall of the World in Dubai was announced in July 2014, location in Al Sufouh district, along Sheikh Zayed Road, different from Mohammed bin Rashid City.
Mall of the World in Dubai was announced in July 2014, location in Al Sufouh district, along Sheikh Zayed Road, different from Mohammed bin Rashid City.

Dubai  has a very ambitious project on its hands.  Dubai’s Mall of the World will have its very own Oxford Street and Broadway. It will also have galleons and waterfalls.  However, the most challenging part of this project is that the area will be covered by a giant retractable roof during the summer months and be climate-controlled creating the world’s first temperature controlled city.

Dubai Mall of the World Set to Put Uae Retail ’20 Years Ahead’ of Gulf Region

Launched with a fanfare by the emirate’s ruler, Sheikh Mohammed bin Rashid al Maktoum, it is the first state-sponsored mega-project to emerge from Dubai since the pre-crash bubble. After years of stalled projects  the big plans are back and they are more ambitious than ever before.

It is thought the huge construction will attract 180 million visitors a year and developers hope it will secure Dubai’s futures as a tourism hub.

2.  Mall of America, Minnesota
Mall of America, Minnesota
Mall of America, Minnesota
 

Mall of America, Minnesota
Mall of America, Minnesota

The  Mall of America  (MoA) is a gigantic  shopping mall  owned by the  Triple Five Group  and is by far the largest mall in the United States. However, the $325 million expansion of the nation’s largest shopping center is now underway. The project consists of a luxury 342-room hotel, an office tower and more than 50 shops and restaurants. Some 1,000 jobs are expected to be created during the construction phase of the project, and 2,500 permanent jobs from retail, hotel and office operations.

The  Triple Five Group, owned by Canada’s  Ghermezian family, owns and manages the Mall of America, as well as the  West Edmonton Mall. MoA  is located in  Bloomington,  Minnesota  (a suburb of the  Twin Cities).

3. Zurich North America, Chicago, IL

Rendering of Zurich North America’s new headquarters in the northwest suburbs of Chicago
Rendering of Zurich North America’s new headquarters in the northwest suburbs of Chicago
Rendering of Zurich North America’s new headquarters in the northwest suburbs of Chicago
Rendering of Zurich North America’s new headquarters in the northwest suburbs of Chicago

The $333 million site is currently  under construction and will be the largest build-to-suit office project in Chicago. Zurich a north america insurance company headquarters includes a 735,000 square foot building rising to 11 stories at its tallest, shaped something like the letter A resting on its side.

Zurich looked at a multitude of factors and in the end made the decision that investing in a new state of the art regional headquarters would be the right choice. The project  is due to be completed  late summer of 2016.

4. Dubai World Central Airport

Al Maktoum International Airport
Al Maktoum International Airport
Al Maktoum International Airport
Al Maktoum International Airport

This massive  $32 billion structure sent its first commercial jet into the air in late October  2013.  The project isn’t scheduled for full completion until 2027  and is  expected to become the world’s busiest airport,  however,  with plenty of other contenders quickly taking shape in Asia and the Middle East, it’s has  stiff competition.

Dubai World Central Airport is  expected  to shuttle 160 million passengers through Dubai every year  making it the busiest airport on earth.

5. Bao’an International Terminal 3

Bao’an International Terminal 3
Bao’an International Terminal 3
Bao’an International Terminal 3
Bao’an International Terminal 3

Bao’an plays a pivotal role in the Pearl River Delta: It serves both Shenzhen and Hong Kong, via a connecting ferry. Terminal 3 is an expansion project designed by the Italian architect Massimiliano Fuksas. The centrepiece of the expansion is a new runway, which is built on a 108,000-foot piece of land reclaimed from the River Delta.

6. Crossrail  

CROSSRAIL
Crossrail, London England

Crossrail tunnelling began in 2012 and ended at Farringdon, London in May with the break through of tunnelling machine Victoria. Eight 1,000 tonne tunnelling machines bored 26 miles or 42 km of new 6.2m diameter rail tunnels under London.

London is the fastest growing capital city in Europe and today it is home to 8.6 million people with the population expected to reach 10 million by 2030. TfL’s work is critical to supporting the continued growth and regeneration of London.

As we reflect upon these impressive feats by mankind, we can only imagine  what the next big wonder will  be. Is it the secretive Nicaragua canal? Could it be Elon Musk’s proposed  Hyperloop  concept? Or perhaps it will be a  new state of the art high speed train developed by China, USA or the UK?

Did we miss one?  Please let us know by  commenting below.

19 Inspirational Quotes to Create a Wise Leader

Some of  the most inspirational quotes ever uttered to stir you and get you moving through the day. Whether you feel stuck or just need a good dose of inspiration from great minds. Be sure to feed your brain inspiring quotes and phrases daily.

  1. For the wise person, there are only two types of experiences on life’s road: winning and learning –  Greg Henry Quinn
  2. Successful people are EXTREMELY self-disciplined. When they set their mind to something, they do it. No questions asked –
    Jacob Reimer
  3. To those who retain their zest, old age has much to offer. From them the world has much to gain –  Lord Beaverbrook
  4. You must be the change you wish to see in the world  –  Gandhi
  5. Success is going from failure to failure without losing your enthusiasm  –  Winston Churchill
  6. Dream big and dare to fail  –  Norman Vaughan
  7. Make each day your masterpiece  –  John Wooden
  8. Once you choose hope, anything’s possible  –  Christopher Reeve
  9. Every moment is a fresh beginning  –  T.S. Eliot
  10. Everything you’ve ever wanted is on the other side of fear  –  George Addair
  11. A year from now you may wish you had started today  –  Karen Lamb
  12. It is never too late to be what you might have been  –  George Eliot
  13. There are no traffic jams along the extra mile  –  Roger Staubach
  14. If there is no struggle, there is no progress  –  Frederick Douglass
  15. If you can’t outplay them, outwork them  –  Ben Hogan
  16. The best way to predict the future is to invent it  –  Alan Kay
  17. Always make a total effort, even when the odds are against you  –  Arnold Palmer
  18. If you aren’t going all the way, why go at all? –  Joe Namath
  19. Choosing a goal and sticking to it changes everything  –  Scott Reed

42 Masterful Quotes to Inspire Healthier Relationships

42 Masterful Quotes to Inspire Healthier Relationships

Conflict is part of our working life and is often used as a way to work out our differences and reach a conclusion. It’s usually the approach you take that tends to exacerbate the issues and cause undue stress. How you deal with conflict reveals your character.

  1. The wise man doesn’t give the right answers, he poses the right questions — Claude Lvi-Strauss
  2. A crisis is a turning point — Anne Lindthorst
  3. Conflict is inevitable, but combat is optional — Max Lucade
  4. Don’t be afraid of opposition. Remember, a kite rises against, not with, the wind — Hamilton Mabie
  5. There is no way to peace. Peace is the way — AJ Muste
  6. The real art of conversation is not only to say the right thing in the right place but to leave unsaid the wrong thing at the tempting moment — Dorothy Nevill
  7. The most basic of all human needs is the need to understand and be understood. The best way to understand people is to listen to them — Ralph Nichols
  8. The more we sweat in peace the less we bleed in war — Vijaya Lakshmi Pandit
  9. To live a creative life, we must lose our fear of being wrong — Joseph Chilton Pearce
  10. A man convinced against his will”¦is not convinced — Laurence J. Peter
  11. My problem is I say what I’m thinking before I think what I’m saying — Laurence J. Peter
  12. Discussion is an exchange of knowledge; argument an exchange of emotion  –  Robert Quillen
  13. You can’t influence somebody when you’re judging them — Tony Robbins
  14. Quarrels would not last long if the fault were only on one side — Duke François de La Rochefoucauld
  15. It is astonishing how elements which seem insoluble become soluble when someone listens. How confusions which seem irremediable turn into relatively clear flowing streams when one is heard — Carl Rogers
  16. If it’s mentionable, it’s manageable— Mr. Rogers
  17. Don’t let yesterday use up too much of today — Will Rogers
  18. The best way to persuade people is with your ears,  by listening to them  — Dean Rusk
  19. The greatest challenge to any thinker is stating the problem in a way that will allow a solution — Bertrand Russell
  20. It is with the heart that one sees rightly; what is essential is invisible to the eye — Antoine de Saint-Exupry
  21. Human beings love to be right. When a person is willing to give up being right, a whole world of possibilities opens up — Pete Salmansohn
  22. The test of a successful person is not an ability to eliminate all problems before they arise, but to meet and work out difficulties when they do arise — David J. Schwartz
  23. Why not go out on a limb? Isn’t that where the fruit is? — Frank Scully
  24. Before you speak, ask yourself: Is it kind, is it necessary, is it true, does it improve the silence? — Shirdi Sai Baba
  25. When things are not working for us, instead of fighting and struggling, we need to say, “What’s happening here? How am I not being true to who I am? What is pulling me away from my purpose?” — June Singer
  26. The only people with whom you should try to get even are those who have helped you — John E. Southard
  27. It takes two to quarrel, but only one to end it — Spanish Proverb
  28. The first problem for all of us, men and women, is not to learn, but to unlearn— Source unknown
  29. Confidence, like art, never comes from having all the answers; it comes from being open to all the questions — Earl Gray Stevens
  30. Life is ten percent what happens to me and ninety percent how I react to it — Charles Swindoll
  31. If you are patient in one moment of anger, you will escape a hundred days of sorrow — Carol Tavris
  32. Peace is not the absence of conflict but the presence of creative alternatives for responding to conflict—alternatives to passive or aggressive responses, alternatives to violence — Dorothy Thompson
  33. Let us not look back in anger, nor forward in fear, but around in awareness — James Thurber
  34. A good manager doesn’t try to eliminate conflict; he tries to keep it from wasting the energies of his people. If you’re the boss and your people fight you openly when they think that you are wrong,  that’s healthy — Robert Townsend
  35. Knowledge becomes wisdom only after it has been put to good use — Mark Twain
  36. People who fight fire with fire usually end up with ashes — Abigail VanBuren
  37. The most common way people give up their power is by thinking they don’t have any — Alice Walker
  38. It isn’t a mistake to have strong views. The mistake is to have nothing else — Anthony Weston
  39. I’ve found that I can only change how I act if I stay aware of my beliefs and assumptions. Thoughts always reveal themselves in behavior — Margaret Wheatley
  40. I would not waste my life in friction when it could be turned into momentum — Frances Willard
  41. When you’re at the edge of a cliff, sometimes progress is a step backward — Source unknown

10 Motivational Quotes to Get You Through Your Procurement Woes

10 Motivational Quotes to Get You Through Your Procurement Woes

Is your procurement project stuck in a rut?  

A well crafted quote, very much like good storytelling  and  can elucidate fuzzy concepts. For example, creativity” and “innovation” are not the first two words that come to mind when talking about procurement. However, According to Deloitte’s paper Charting the Course, this is where procurement’s destiny lies.

By transforming beyond today’s definition of “procurement as the sourcing of raw materials, and goods and services,” procurement can  reach new heights.

Here are 10  quotes to help you find motivation and inspiration to make a positive change.

  1. All models are wrong but some of them are useful – George Box (Statistician)
  2. People will forget what you said, people will forget what you did. But people will never forget how you made them feel – Maya Angelou (Writer)
  3. We cannot solve our problems with the same thinking we used when we created them – Albert Einstein
  4. Opportunity arises for the prepared mind – Louis Pasteur (chemist and microbiologist)
  5. A journey of a thousand miles begins with a single step – Lao Tzu (Philosopher)
  6. What gets measured, gets managed – Peter Drucker
  7. Leonardo da Vinci’s Simplicity is the ultimate sophistication –  Dale Dauten
  8. Worrying does not empty tomorrow of its troubles, it empties today of its strength – Corrie ten Boom
  9. The best way to predict the future is to invent it – Alan Kay
  10. Strive not to be a success, but rather to be of value – Albert Einstein

What are some of your favorite inspirational quotes? Share in the comments

9 Suggestions for Overcoming Barriers to Good Design When Using Modern Methods of Construction (Mmc)

The term ‘Modern Methods of Construction’ (MMC)  embraces a range of technologies involving various forms  of prefabrication and off-site assembly.

MMC is increasingly regarded as a realistic means of  improving quality, reducing time spent on-site, improving  on-site safety and addressing skills shortages in the  construction of UK housing.

Bridge Crossing Modern Design
Bridge Crossing Modern Design

The variety of systems now available potentially allows the  designer enough choice to sidestep problems deriving  from constraints posed by the use of any one method.  MMC systems, from closed-panel timber framed  systems to bathroom pods are a palette from which  designers can make choices. They are not necessarily  stand-alone solutions that anticipate all the needs of  an individual site and can be mixed and matched  as appropriate.

These limitations are not obstacles to achieving the good design in MMC-based schemes, but may hinder  the incorporation of more complex and innovative  types of MMC from which greater overall benefits  may be obtained  which  are considered under the  following headings:

1. COST UNCERTAINTY

There is no doubt that, given products of comparable  performance the key issue in purchases of MMC construction  systems is the price. At present not enough is known  about the potential costs of using volumetric and  closed panel systems to enable confident specification  at an early date. This inhibits designers from exploring  the full potential of MMC systems. This is particularly true of the less repetitive,  small, one-off scheme, where a smaller margin  of benefits is gained from using MMC. The principal  barrier to the uptake of MMC, therefore, seems  to be the perception of cost uncertainty with respect to using more complex systems.  Without doing substantial project-specific research,  consultants and their clients simply do not know with  enough degree of certainty how much the volumetric or  closed panel systems are likely to cost, and what  would be the savings to overall project costs produced  by potential speed gains to offset against increased  capital expenditure.

This is due to the complexity of assessing the ratio of  cost of repetitive elements where pricing is relatively  straightforward to the cost of adjusting elements or  building in another method for the abnormal condition.  Decisions to use innovative systems are likely to be  made once designs are well progressed to enable  teams to be more certain of costs. This can increase  the potential for change or result in design compromise  as the designer attempts to incorporate the specific  limitations of a particular system in their design.

In an attempt to improve this situation, the MMC consultant and or clients  could  pull together a  directory of MMC  expanded to include cost comparison data. The huge  range of variables involved inevitably makes this  difficult, but a database of current construction cost  information  would be an  invaluable resource.

Contemporary Building Facade
Contemporary Building Facade

2. PLANNING PROCESS AND EARLY COMMITMENT  TO A SYSTEM

The time it can take to obtain planning permission has  obvious implications both for project cost but also, in  some circumstances, for architectural  design innovation.

Most of the more complex types of MMC have an  impact on dimensioning, the choice of external finish  and detailing may have some effect on the buildings  mass. Therefore,  the construction system should be  chosen prior to a planning application to avoid  abortive work, redesign or amendment, or even  resubmission for planning permission.

However,  developers  whose money is at risk, frequently hold  off deciding on the construction technique until the last  practicable moment, in order to get any advantage from  fluctuations in material or component pricing.

Given the potential for lengthy duration of planning  applications, this means that there is little incentive to  prepare initial designs for planning with a prior decision  to incorporate MMC firmly embedded. In cases where  the developer has a financial or business link with the  supplier, this is less likely to be the case. As the majority  of commercial or  residential developments involve some kind of arrangement with a developer, agreement on construction systems is often left to the stage after planning.

3. TIME INVESTMENT

Another very significant factor is the time investment required at  the early stages of projects. This is needed to develop the design when the project is still at risk. There is a  direct relationship between the scale and complexity of  MMC component and the amount of time required to  develop a design at an early stage.

The introduction of advanced or complex MMC  techniques into the design process is potentially costly  to the design team. A significant amount of research is  needed to explore alternative systems, to obtain  verification of suppliers’   credentials, investigate  mortgage and insurance issues, visit previous sites,  talk to system suppliers, obtain technical performance  guidelines, understand junctions and interfaces, coordinate  other consultants, obtain building control input  and so on.

For a consultant, the only way of investing in this  research is either through timely payment of increased  fees by a visionary understanding client or through the anticipation of increased future productivity through repetition when a  project is phased, or large enough, or likely to be  followed by another similar project.

The potential of learning a system and then being able  to repeat lessons learned efficiently is a powerful  incentive for both client and consultant. By contrast, HTA’ s project at Basingstoke is an example  of a phased project with a three to four-year duration allowed the design team to repeat  various elements of the design, and the manufacturer to  develop improved solutions to technical and supply  problems.

HTA’ s project at Basingstoke
HTA’ s project at Basingstoke

4. INSUFFICIENT COMMUNICATION

Improved dialogue at the outset of the  project is  vital if design quality is to be  maximised. Constraints and opportunities implicit within  a particular system are more easily incorporated into  design if partners communicate pre-planning.  Increased early communication can be fostered through  improved long-term partnering relationships.

Clients  should also partner with a range of suppliers and  architects so that choice and flexibility is not restricted.

5. INEXPERIENCE

Generally, the inexperienced client or design team will  have to do more research, with the result  that there is likely to be significant design development  without a specific system being incorporated.

This is a  disincentive to using a more complex system involving a  higher proportion of MMC, where early decision making  and knowledge of a system’ s capabilities have a decisive influence on the nature of the architecture.  However,  encouraging the take up  of MMC through the use of a dedicated funding mechanism may  assist clients  in  finding time for  research into suitable MMC techniques.

Dome Construction Berlin
Dome Construction Berlin

6. SUPPLIER’S ROLE

Site capacity  studies and early stage pre-planning design studies  could be undertaken directly by system suppliers  on behalf of clients, cutting out the usual procedure  of commissioning design work by independent  consultants.

7. ASSUMPTIONS

There are a  number of assumptions that  are generally held about certain types of MMC that may  have been valid at one time but are no longer true today.  There is a need for reliable and up to date information  comparing system criteria, performance data, timescales, lead in times, capacity, construction time,  sequencing issues, limitations, and benefits.

Therefore  it would be helpful if a forum  for discussion and experience exchange was set up.

8. DEMONSTRATING THE BENEFITS OF MMC

There is still a large amount of skepticism about the  need to go very far down the line with MMC. This is  reflected in the acceptance of the desirability of  maintaining or indeed enhancing the pool of traditional  craft skills throughout the UK.

A balanced view is that there is a demonstrable need  for the wider use of MMC which is recognized by both  industry and government.  The best way for clients  and the public generally to  become more confident and knowledgeable about the  quality of design achievable through MMC is to see it  demonstrated.

9. FINANCIAL INCENTIVES

There is no doubt that spreading the burden of  investment through the life of a project helps to ensure  a higher standard of specification and hence quality. In  the Netherlands, a ‘ Green Financing’   system has been  developed by the Dutch government that provides  favorable loan finance when certain sustainable  standards are reached. In the UK, the Gallions HA  has  pioneered  a study of this, based on a scheme in  Thamesmead, ‘ the Ecopark project’.

Eco Park is an eco-friendly business park built on the False Bay coast. This business park is at the cutting-edge of sustainable design and offers a unique working environment in a secure, well-managed facility.
Eco Park is an eco-friendly business park built on the False Bay coast. This business park is at the cutting-edge of sustainable design and offers a unique working environment in a secure, well-managed facility.

The Hard Side of Change Management

Change management is an approach to transition individuals, teams, and organisations to a desired future state. For over three decades, academics, managers, and consultants, realising that transforming organisations is difficult, have avoided  the subject.

My Way or the Highway

Major organisational change is profoundly difficult because the structure, culture, and routines of companies  often reflect’s persistent and difficult-to-remove ways of working, which are resistant to radical change even as the environment of  organisations change.

What started out as a financial buzzword in the early nineties  has become fundamental business practice, with executives recognising the need to keep abreast  with the competition in a rapidly developing corporate new world.

Navigating  change

Globalisation and the constant innovation of technology result in a constantly evolving business environment. There is an ever-increasing need for Change Management Lead’s / Senior Managers who can help organisations successfully navigate change in today’s business environments. The focus of this movement to date has been on how to  partner with organisations to define education, training and communication platforms that help to support the change initiatives and concerns of company employees. The critical aspect is a company’s ability to win the buy-in of their organisation’s employees on the change initiative.

While a project team is important for success, a senior level advisor is invaluable and can work  with an organisations  leadership team to avoid common pitfalls that change management projects often fall into. There are four key areas where an Advisor should act as this resource as follows:

1. Defining A  Strategy  

Executives should start by asking themselves  what exactly needs  changing and why? Organisational change directly affects all departments from entry level employees to senior management and  must be aligned to a  companies  strategy. Too many programs are heavy on the jargon and light on the substance.  Executives are often sold on an idea only to realise as the change initiative begins that they need a different outcome, tool or process to be successful.

In this situation the strategy for change needs to be re-aligned with the organisation and its goals.

An outside senior advisor with a unique perspective of the organisation will  play an important role in helping an executive to explore and shape the strategy they are defining and highlight whether it will truly create the outcomes they desire. This upfront partnership can save money  on the back end of a project, by avoiding costly re-scoping of initiatives.This relationship  between senior advisor and executive should therefore begin as early as possible in the process.

2. Coalition Building

Its important to give  people multiple opportunities to share concerns, ask questions, and offer ideas  and to make following up with answers and updates a top priority.  Executives must reach out across their functional work streams to build a large cohesive team to support the project once the correct strategy has been set and the urgency for the project has been established. A good senior advisor will be able to guide an executive though these interactions.

As a senior change management professional, it is important that you help leaders of the organisation craft the correct message. While leaders often know what it is they want and see the urgency for themselves, the outside view that a coach provides can support the development of a team around the initiative and  help to navigate the strategic and political interests in linking the change to the interest of multiple team members.

The more people are involved in the process, the fewer will  be acting as internal saboteurs.

Communication Is Key to Successful Change Management

3. Communication

Don’t confuse process visioning, planning and endless powerpoint presentations with communication.  

Change is uncomfortable, and adapting to change is messy. A  Gantt chart can not capture  the  hard side of  change management. Why? Because tasks are easy to list, but behaviour and long-held habits are not easy to change. Gather outside information, solicit perspectives, and adapt the approaches for your organisation and group.

The importance of communication within an organisation around the change cannot be underestimated.     Executives often fall short on communication in two main  areas, not communicating the right message and not communicating it frequently enough across an  organisation. It is often thought that everyone else in the organisation is on board and understands the change, however, the  reality for an executive  is not the reality for another worker who may have lost a job because of a well intended change initiative.  A senior advisor can apply consistent pressure to the leader of the change around the need for communication and its messaging.

Quantity Is Fine, but Quality and Consistency Are Crucial

4. Share  Relevant  Information Quickly

Most CEOs and managers are quoted as saying, “You can’t communicate too much,” Part of the communication will be the support the urgency in messaging.     “My way or the highway”  is often used, but is not an effective communication strategy.     Senior Advisors can work with executives to tailor their message to each area of the organisation in order to define content that is important to them.

A study by  Towers Watson  shows that “only two-thirds (68%) of senior managers say they are getting the message about the reasons behind major organisational decisions. Below the senior management level, the message dwindles further  to  (53%) of middle managers and 40% of first-line supervisors understanding  reasons behind major organisational  change.

The forwarding and cascading of information does not work as  consistent communication around the change will be necessary at all levels of the organisation using a variety of communication pathways and vehicles.  As a trusted advisor it is important to encourage executives to lead by example in both their messaging and communication of the change  agenda.

Only 25% of Change Management Initiatives Are Successful over the Long Term

Maintaining The Change

Many leaders and managers underestimate the length of time required by a change cycle. It is paramount  that as the  change effort reaches its completion that  leaders of the change recognise that the process does not end there.   The role of a Senior Advisor will be to guide them to the idea that work must be undertaken  to maintain the change over time. Maintaining change does not mean that an executive must own the initiative  forever, just that they take the necessary steps to ensure that change has a lasting impact by integrating the change into the corporate culture and measuring the benefits  and highlighting areas for future improvements.

The outside unbiased view is  that a Change Management Lead is crucial to the success of a change management program.

This article  provides food for thought rather than counsel specifically designed to meet the needs of your organisation or situation.  Please use it mindfully.

29 Awesome Quotes on Risk Management

29 Awesome Quotes on Risk Management
  1. If you treat risk management as a part-time job, you might soon find yourself looking for one ’- Deloitte white paper (Putting Risk in the Comfort Zone)
  2. I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, the willingness to invest even when the future is unclear, and great people ’- Jeffrey R. Immelt
  3. Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford to lose trust ’- Dale E. Jones, vice chairman and partner with Heidrick & Struggles
  4. We have no future because our present is to volatile. Will only have risk management ’- William Gibson
  5. Risk management is a culture, not a cult. It only works if everyone lives it, not if its practiced by a few high priests ’- Tom Wilson
  6. I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history ’- Niall Ferguson
  7. There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world ’- Jackie Stewart
  8. Stronger regulation and supervision aimed at problems with underwriting practices and lenders’ risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates ’- Ben Bernanke
  9. If you don’t invest in risk management, it doesnt matter what business you’re in, it’s a risky business ’- Goldman Sachs president Gary Cohn
  10. Adventure without risk is Disneyland ’- Douglas Coupland
  11. Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field ’- Peter Bernstein, Against the Gods
  12. As population susceptibilities are better understood, we will be in a better position than we are in today to make informed decisions about risk management ’- Samuel Wilson
  13. Take calculated risks. That is quite different from being rash ’- General George Patton
  14. All courses of action are risky, so prudence is not in avoiding danger, but calculating risk and acting decisively ’- Niccolo Machiavelli
  15. Total enterprise risk management is critical, but implementing it is both expensive and easier said than done. Even the most sophisticated financial institutions are still basically silo risk managers ’- Danny Klinefelter, Professor and Extension Economist with Texas AgriLife Extension, Texas A&M University
  16. Playing it safe is the riskiest choice we can ever make ’- Sarah Ban
  17. The question of whether or to what extent human activities are causing global warming is not a matter of ideology, let alone of belief. The issue is simply one of risk management ’- Malcolm Turnbull
  18. Business people need to understand the psychology of risk more than the mathematics of risk  ’- Paul Gibbons,
  19. Risk comes from not knowing what your doing ’-Warren Buffett
  20. You have to take risks. You will only understand the miracle of life fully when we allow the unexpected to happen ’- Paulo Coelho
  21. Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs ’- Michael Porter, Competitive Advantage
  22. Risk management should be an enterprisewide exercise and engrained in the business culture of the organisation ’- OSFI Superintendent Julie Dickson, June 1, 2011 (courtesy Ethidex)
  23. Risk is our business ’- Oswald Grübel, CEO at UBS
  24. When our leaders accept the status quo, we run the risk of disaster ’- Max Bazerman from “Predictable Surprises”
  25. The concept of ‘inherent risk’ is impossible to measure or even define. The idea of looking at risk absent all hard controls, soft controls, or mitigations, provides little or no useful information in most cases ’- Todd Perkins (from Journal of Applied Corporate Finance – volume 19 number 4)
  26. It’s important to take risks but it’s idiotic to take them blindly ’- Terry Levine
  27. Fail to identify the strategic risks and you fail as a business, no matter how well you manage your operational and project risks ’- Keith Baxter
  28. Business as usual is business at risk ’- Deloitte white paper
  29. Risk management is the identification, assessment, and prioritisation of risks ’- Wikipedia

43 Great Quotes To Inspire You To Be a Better Christian Leader

Anyone who has responsibility for the work of others understands the unique challenges that come with managing people.

Over the years, various thought leaders have come up with pearls of wisdom in the form of quotations that when given some thought, have a lot to teach us.  Sometimes a simple quote is just the thing to lift our spirits, to make us smile or to give us the energy to keep going when we’re feeling low.

Here are 43 such quotes to make us better Christian leaders.

  1. “The Christian leader of the future is called to be completely irrelevant and to stand in this world with nothing to offer but his or her own vulnerable self.” –  Unknown
  2. “In most cases being a good boss means hiring talented people and then getting out of their way.” –  Unknown
  3. “The good news is, God has provided us with a LifeBook to help us – the Bible.” –  Unknown
  4. “Encouragement is the oxygen of the soul.” –  John Maxwell
  5. “There’s only two things you can start without a plan: a riot and a family, for everything else you need a plan.” –  Unknown
  6. “Rejection is an opportunity for your selection.” –  Unknown
  7. “People don’t care how much you know until they know how much you care.” –  John Maxwell
  8. “Leadership is getting people to work for you when they are not obligated.” –  Fred Price
  9. “Running a project without a work breakdown structure is like going to a strange land without a roadmap” – J Phillips
  10. “You don’t have to hold a position in order to be a leader.” –  Henry Ford”
  11. “Have a good plan, Execute it violently, Do it today” – General Douglas McArthur
  12. “The single biggest problem in communication is the illusion that is has taken place.” –  Unknown
  13. “To improve is to change; to be perfect is to change often.”  –  Winston Churchill
  14. “A project without a critical path is like a ship without a rudder.” – D. Meyer
  15. “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams
  16. “What’s measured improves.” –  Unknown
  17. “A goal without a plan is just a wish.” –  Antoine de Saint Exupry 1900-1944, French writer and aviator
  18. “If it is not documented, it doesn’t exist. As long as information is retained in someone’s head, it is vulnerable to loss.” –  Unknown
  19. “It must be considered that there is nothing more difficult to carry out nor more doubtful of success nor more dangerous to handle than to initiate a new order of things.”  –  Machiavelli 1446-1507, Italian statesman and philosopher
  20.  “No one can whistle a symphony. It takes a whole orchestra.” –  Unknown
  21. “Luck is for the ill-prepared.” –  Unknown
  22. “Tell me and I’ll forget, show me and I may remember, involve me and I’ll understand.”  –  Chinese Proverb
  23. “Of all the things I’ve done, the most vital is  coordinating the talents  of those who work for us and pointing them towards a certain goal.” –Unknown
  24. “PMs are the most creative pros in the world; we have to figure out everything that could go wrong before it does.” – Fredrik Haren
  25. “Why do so many professionals say they are project managing when what they are actually doing is firefighting?” –Unknown
  26. “The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant.”  –Unknown
  27. “Ensure your documentation is short and sharp and make much more use of people-to-people communication.” –Unknown
  28. “Quality means doing it right when no one is looking.” –  Henry Ford
  29. “Leadership offers an opportunity to make a difference in someone’s life, no matter what the project.” –  Bill Owens
  30. “Leaders must be close enough to relate to others, but far enough ahead to motivate them.” –  John C. Maxwell
  31. “Leaders have two characteristics: first they are going somewhere, and second they are able to persuade other people to go with them.” –  John Maxwell
  32. “The key to successful leadership today is influence, not authority.” – Kenneth Blanchard
  33. “The manager asks how and when; the leader asks what and why.” – Warren Bennis
  34. “The best example of leadership is leadership by example.” –  Jerry McClain
  35. If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” –  John Quincy Adams
  36. “The authority by which the Christian leader leads is not power but love, not force but example, not coercion but reasoned persuasion. Leaders have power, but power is safe only in the hands of those who humble themselves to serve.” –  John Stott
  37. “We can be tired, weary and emotionally distraught, but after spending time alone with God, we find that He injects into our bodies energy, power and strength.” –  Charles F. Stanley
  38. “Jesus said, “For even the Son of Man came not to be served but to serve others and to give his life as a ransom for many.” –  Mark 10:45
  39. “We are all faced with a series of great opportunities brilliantly disguised as impossible situations.” –Unknown
  40. “Be faithful in small things because it is in them that your strength lies.” –  Mother Teresa
  41. “The greater your knowledge of the goodness and grace of God on your life, the more likely you are to praise Him in the storm.” –  Matt Chandler
  42. “Continuous effort  – not strength or intelligence — is the key to unlocking our potential” –  Winston Churchill
  43. “God is most glorified in us when we are most satisfied in Him.” –  John Piper

If you know a great quote or scripture that will inspire others to lead their churches better, please feel free to share it in the comments below.

Millions of It and Project Management Professionals to Benefit from the New Axelos Professional Development Programme

For the first time, millions of professionals across the globe qualified in ITIL ®, PRINCE2 ® and PRINCE2 Agile┞¢ will be able to track and record their professional development through a Continuing Professional Development (CPD) scheme as part of the new AXELOS Professional Development Programme, which launches today.

The AXELOS Professional Development Programme is an online membership programme aligned to the global best practice frameworks of ITIL, PRINCE2 and PRINCE2 Agile, that provides members with a range of specialised tools. Members will be able to assess their ability against industry benchmarks and gain access to exclusive content and activities designed to develop their skills and knowledge.

The programme will give practitioners the confidence and tools to keep up-to-date and relevant in their field while supporting them in their professional development. By completing the required CPD points, members will earn a digital badge that can be shared via online platforms to demonstrate their relevance and commitment to professional development.

Peter Hepworth, AXELOS Chief Executive, said: “There are millions of practitioners with either ITIL or PRINCE2 qualifications, and we want to champion these professionals by giving them a means to develop their knowledge and skills. This new programme is all about offering additional value for IT service management and project management professionals which goes beyond passing an exam and gaining a qualification.

“Ongoing investment in professional development also benefits organizations as well as individuals. Employers can ensure that their employees are continually developing their skills and the new digital badges will also help employers source the right talent by using them to differentiate against individuals who haven’t kept their skills up to date.

“The scheme will enable ITIL and PRINCE2 practitioners to achieve industry recognition and enhance their own personal brand. In addition, employers who invest time and money in CPD can develop their teams and drive up standards while improving staff loyalty and morale.”

Those wishing to join the scheme must hold an ITIL or PRINCE2 qualification. AXELOS are running a promotion so anyone joining in 2015 can save £100 on annual membership costs, and just pay the initial £25 registration fee.

The Professional Development Programme is the latest addition to the best practice portfolio owned by AXELOS – a joint venture between the UK Government and Capita plc. More information can be found on the AXELOS website: https://www.axelos.com/professional-development

Project Journal  staff were  not involved in the creation of this content.

 

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