- 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)
- 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
- 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
- We have no future because our present is to volatile. Will only have risk management ’- William Gibson
- 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
- 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
- There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world ’- Jackie Stewart
- 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
- 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
- Adventure without risk is Disneyland ’- Douglas Coupland
- 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
- 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
- Take calculated risks. That is quite different from being rash ’- General George Patton
- All courses of action are risky, so prudence is not in avoiding danger, but calculating risk and acting decisively ’- Niccolo Machiavelli
- 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
- Playing it safe is the riskiest choice we can ever make ’- Sarah Ban
- 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
- Business people need to understand the psychology of risk more than the mathematics of risk ’- Paul Gibbons,
- Risk comes from not knowing what your doing ’-Warren Buffett
- You have to take risks. You will only understand the miracle of life fully when we allow the unexpected to happen ’- Paulo Coelho
- Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs ’- Michael Porter, Competitive Advantage
- 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)
- Risk is our business ’- Oswald Grübel, CEO at UBS
- When our leaders accept the status quo, we run the risk of disaster ’- Max Bazerman from “Predictable Surprises”
- 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)
- It’s important to take risks but it’s idiotic to take them blindly ’- Terry Levine
- 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
- Business as usual is business at risk ’- Deloitte white paper
- Risk management is the identification, assessment, and prioritisation of risks ’- Wikipedia
7 Signs that Suggest You Should Step Away from Managing the Church Project
The lack of project management training or experience of many Christian leaders can be an enormous stress factor for them. Whilst natural organizational ability is enormously helpful, in itself it is no guarantee of any project being both successful and low stress.
As a Project Manager, you will need to manage every aspect of the project from start to finish, working on a series of pre-determined goals and objectives. Not everyone is cut out to be a Project Manager. It’s not even necessarily a highly desirable job. You get a lot of visibility, but not necessarily a lot of recognition, unless the project is very successful and highly visible. As such project management is not for the faint-hearted.
Although specific responsibilities vary from industry to industry, the role of a Project Manager will generally include the following:
- Defining the project
- Scheduling
- Budgeting
- Risk assessing
- Project control
- Providing direction and support to the team
- Quality checking
- Reporting progress, problems, and solutions
- Assessing results of the project
- Closing down the project
- Managing and working with multiple stakeholders
When it comes to project managing, it is important to have certain skills to be the most effective Project Manager you can be. Some people have these skills and others do not. Here’s our list of indicators that you may not be well suited to be a Project Manager in no particular order:
1. You’re a poor communicator
More than 50% of a Project Managers time is spent on some aspect of communication. The majority of conflicts in a team involve problems in communication, either as a cause or an effect. A lack of understanding can result from ineffective communication and can then lead to further communication issues. Communication skills are ranked first among a job candidate’s ‘must have’ skills and qualities according to a 2010 survey by the National Association of Colleges and Employers (NACE).
Poor communicators will often believe that giving people facts about a situation will be sufficient to influence them into following a particular course of action. However as Richard Nixon said,
“People Are Persuaded by Reason, but Moved by Emotion; The Leader Must Both Persuade Them and Move Them.”
Avoiding communication is a common occurrence when a difficult conversation is anticipated. Project Managers with low confidence will tend to ignore opportunities to pass on difficult messages with the result that the communication vacuum only serves to increase the size of the problem in the team. The old adage that “no news is good news” doesn’t usually apply in such circumstances as the team on the receiving end of the silence will fill the void with their own perceptions, doubts, and fears.
Poor Project Managers also tend to react emotionally and erratically when communicating with the team which can make it difficult for the team on the receiving end to anticipate how the communication will progress. Lack of honesty and not sharing how you really feel can also lead to a lack of trust in the team.
2. You don’t work well with people
Good Project Managers make an effort to spend a lot of time with clients, stakeholders, and team members. If you don’t like working within a team and prefer to stay in one location and focus on your own work, you probably don’t have the collaborative ability to be a good Project Manager. While one person working alone can have an impact, your role as a leader is to guide your team to accomplish bigger goals than they could achieve on their own.
A Great Person Attracts Great People and Knows How to Hold Them Together — Johann Wolfgang Von Goethe
3. You don’t like to manage people
You don’t have much of a project if you’re the only resource. If you want to be a good project manager, you need to be able to manage people well. You will probably never have a 100% responsibility for people, but you will need to show leadership, hold them accountable, manage conflict, etc. Some project managers say they could do a much better job if they did not have to deal with people. If that’s how you feel, project management is probably not for you.
Earn Your Leadership Every Day – Michael Jordan
4. You don’t like to document things or follow processes
Many aspects of project management requires documenting things, including status reporting, communication plans, scope changes, and project plans. A Lack of process increases the risk that tasks related to the project will fall through the cracks, that projects will have to be re-worked, and ultimately that a project won’t be completed on time or on budget. A good project manager needs to be effective at process and information management.
The Art of Leadership Is Saying No, Not Saying Yes. It Is Very Easy to Say Yes — Tony Blair
5. You cannot tell the client “no”
Clients aren’t the same as customers. Sometimes they need to be guided in the right direction. This is your job. Clients who change project requirements all the time or who demand unreasonable working hours need to be managed.
A Leader is One who Knows the Way, Goes the way, and Shows the way — John Maxwell
6. You don’t like to plan and are not organised
The project managers job is to organise everyone in the team. If you cannot plan, you can hardly be an effective leader. When a client gives you a project, if your first inclination is start working, you probably don’t have a project management mindset. The Project Managers overall task is to keep the project on budget and on target. Sticking to deadlines is very important.
The Key to Successful Leadership Today is Influence, Not Authority — Kenneth Blanchard
7. You Micromanage the team
Babysitting the team. It’s very common for poor Project Managers to treat their job like an enforcer, policing the project team for progress and updates.
Manage Your Project More Effectively Now
There are a few who get project management right from the outset, but for many it’s a minefield. In theory, project management seems easy, but it’s not as straightforward as it seems. If you’re like the majority of people, you follow what seems like a simple project management process. You start by setting your budget, you choose the right people to join the team, and hope the project gets completed without too many hitches along the way.
But, realistically speaking, project management is nothing like this – it’s hardly ever so straightforward. Mistakes are made. You might choose the wrong people to complete the project. Your team might have no idea what’s expected of them or what the project goals are, or in some cases they might even receive conflicting information, which puts the whole project in jeopardy. Sometimes the scope of the project changes, and because of everything else that’s going on, your team is unable to fulfill the requirements and meet the project deadlines.
It happens, and you’ve got to be prepared for any situation while working together towards the common goal – successfully completing the project.
Don’t throw in the towel just yet. It might seem daunting, but there are few surefire tricks of the trade which businesses and project managers can implement to better their chances of successfully completing a project on time and within budget.
1. Know the Project Details Well
Before starting, you need to create a thorough project scope that outlines every single thing. This then needs to be approved by every stakeholder involved.
Your scope needs to have as much detail as possible such as the short-term milestones, deliverable dates, and a budget outline. It makes sense really. The more detail it includes will improve your odds when it comes to completing the project successfully.
What’s more, you’ll also improve your relationship with your client throughout the whole project process from the beginning right through to the end. Of course every project will encounter a few changes along the way – this is the norm, but having a detailed plan will help you manage your client better when something is off course.
Choose your Project Team Members and Size Wisely
2. Choose your Project Team Members and Size Wisely
Naturally, if you want your project to be a winner, you need the right people for the job, which includes having the right project manager on board. Keep your team as small as possible – size does matter; so don’t let anyone else tell you otherwise.
The smaller the team, the better the communication. It also eases the stress and takes the pressure off the project manager. With a smaller team made up of the right people, the project manager will be able to organise their group without losing sight of all the details and work that’s needed doing. So, if you really want to have an effective project, limit your group’s size and only use those people and their skills that can benefit the project.
3. Highlight your Expectations from the Outset
You need to outline what you expect and what the client expects, which includes all the milestones, from the very beginning. Setting more milestones more frequently will allow you to follow the project’s progress more effectively. This way you’ll be able to jump on things quickly when they begin to go off scope, allowing you and your team to remain on target and on time.
Setting frequent milestones in a project will also allow you to review your spending and the investment thus far, which in turn will help you stay within the budget.
Milestones remove any ambiguity. They allow people to stay on target and there’s less risk of derailing the project.
Milestone setting should be a team effort. Everyone should be on board, so there won’t be any excuses later on down the line.
4. Does your Team Know what They’re Doing?
It may sound like a given, but it’s really important to be crystal clear from the beginning regarding people’s roles in the project. In other words, you need to highlight who is responsible for what, and what their deadline or deadlines are.
Things can get complicated with many people working on the same task. Sometimes things get misinterpreted or lost in translation. Avoid anyone being confused by clearly stating who should do what right from start, and make sure you enforce accountability.
You don’t need to worry about manually managing such tasks, as there are plenty of easy-to-use online task management programmes that can do this for you, so embrace technology and ease your pressure.
You may think it’s a waste of time spelling it all out, but this ensures that the full scope of the project is understood, people are clear of their role and individual and collaborative timelines. This is the key to keeping people on task and motivated.
5. Stop Micromanaging
It’s important to constantly touch base with your team members. However, there’s a fine line between supporting them and breathing down their necks. Give them space instead of micromanaging. Empower your team, trust them, and you’ll get their best work.
6. Use a Reliable System to Manage the Project
Communication is key. Most people rely on emailing, but when it comes to managing a big project with a number of different people working on it, this can hinder the project’s progress. Constantly referring back to old emails and previous correspondence is only going to waste precious time. Use software that keeps everything in one place from communication to any project information and updates. This will save you and your team a lot of time and money.
Motivate your Team
7. Motivate your Team
Everyone works better with positive reinforcement. Set milestones and reward when they’re reached. Your milestones will keep all people on track. Celebrate milestones together, but be sure to also recognise those who can’t meet them.
8. Frequent Short Meets to Stay on Track
It’s a project with many people collaborating, so holding regular meetings is a must. This is the only way to ensure that everyone and the project are on track. But you need to keep it short and sweet. Don’t meet for the sake of meeting. Have an agenda and stick to it. If you’re doing your project virtually, it’s even more important to touch base on a regular basis, so keep those communication lines open.
People do tend to go on at times when given the floor, so give everyone a set time to speak and make sure you all stick to it.
9. Allow Time for Change
No project ever runs 100% smoothly and specifications do change along the way. So to avoid the unnecessary stress and running around frantically, do some forward thinking, and set aside a certain amount of time for any changes in the scope – you’ll thank yourself for doing so in the end!
2 Ways Residential Elderly Care Providers Can Drive Growth
The care sector is growing fast. People are its most valuable asset and investment in care-home developments is being fuelled by an ageing population and a growing demand for specialist skills.
Scalability and Replication Have Now Become the Building Blocks That Will Enable Residential Elderly Care Providers to Sustain Growth, Deliver Successful Change and Achieve High-quality Service Outcomes
Dean Jones, former Investment Growth Programme Manager for Care UK offers insight into how REC providers can take advantage of market opportunities by building a sustainable and scalable system. Jones’ experience includes programme managing a £250 million investment-growth programme from 2012 to 2015, which involved building and commissioning 20 new state-of-the-art care homes and their services. He also oversaw a £60 million 3-year investment in a Suffolk programme, for the building of 10 new care homes and 10-day clubs and bringing much needed additional nursing and dementia-specialist care to the community.
REC Providers Can Develop Their Own Blueprints to Replicate and Scale Growth
REC providers can learn much from Jones’ involvement with scaling successful care homes. In his work at Care UK, Jones employed innovative ideas for evolving the next generation of care homes and introducing a competitive edge through unique selling points to harness market potential. The trendsetting programmes have led to phenomenal success, with more than 30 new homes built over a five-year period, a level of growth rarely seen in this sector. Jones describes how REC providers can develop their own blueprints to replicate and scale growth.
Building a foundation
The organization relied on a guiding principle as it developed a scalable system. It consisted of a toolkit that would outline how to manage projects and launch new homes, along with the standard of care the organization expected once a home is operational. The first system in the toolkit, the Project Management Blueprint (PMB) consisted of methodologies, processes and systems that would guide the creation of an ambitious and exciting growth pipeline for new homes.
The Blueprint ensured that the programme and project’s team resources would deliver high-quality outcomes through the practice of sound project management, both at a programme and individual project level. However, the Blueprint was just one of three tools the organisation would use to govern the commissioning and operation of new care homes. The other tools, a Home Manager Launch Manual (LM) and a suite of Standard Operating Procedures (SOP), complemented the programme on the whole.
Building the Capability to Service the Demand Is the Key to Driving Growth
The blueprint
Creating the demand for growth and the environment for change is not enough to generate scalability. According to Jones, building the capability to service the demand is the key to driving growth. Instead of control, managers need to:
- Introduce a framework and certainty about processes.
- Implement repeatable best practices.
- Build the ability to drive quality.
- Equip people to do the best job possible.
- Introduce a suite of project documents that directly suit the organisation’s purposes while ensuring consistence use.
- Increase efficiency and productivity.
As a result of the Blueprint, Care UK was able to construct the building blocks for scalability and replication that would encourage change, growth and quality outcomes. When the foundation of an organisation is built on highly standardised and formal processes underpinned by highly developed performance-monitoring systems and the ability to control quality, it has a scalable business model. Another component involved in the process, evolving the product offerings through a process of service innovation enabled Care UK to apply standardised business-model concepts.
The requirements
Building a methodology for scalability involves considering project and business requirements first. Then, the organization can develop a system that meets the business and management-style needs to deliver successful outcomes. Jones employed a methodology that outlined the standard project-management methods to be used, and practices and guidelines to follow when managing new-home opening projects and business-transformation projects. With a disciplined, well-managed and consistent methodology, Care UK promoted the delivery of quality products and services, on time and within budget for each location.
The essential benefit of adhering to such a defined project- and programme-management methodology is the ability to demonstrate repeatable successes, rather than learning the same difficult lessons again and again. The objective of the methodology ensures that each new home opening was delivered to the highest possible standards via:
- High-quality product or service that adheres to the business case.
- Excellent standards of care and service.
- Financial performance that achieves or exceeds the business case.
- Homes or change initiatives delivered on time.
- Projects executed on budget.
Relationships
Effective working relationships are also critical to the success of large-scale projects. Management tactics based on a matrix structure ensure that functional and operational resources are aligned across the business. This approach results in significant advantages, as it enables effective and responsive participation from different parts of the organisation that have specialist expertise. In Jones’ matrix, people from different parts of the business took a lead role in managing a specific work stream and were known as Work Stream Leaders. Jones also adopted the RACI technique for identifying functional areas, key activities and decision points where ambiguities exist.
Project Lifecycle
The management of any large, complex project is made easier when broken down into more manageable chunks. This unique approach to the project’s lifecycle enabled Jones’ to establish clear controls, e.g. review points, or gateways, at which to consider progress before moving on to the next phase. The Care UK project lifecycle methodology consisted of five distinct stages, with each stage considered as a sequence, providing the structure and approach to progressively deliver the required outputs.
Risk and issue management
Focusing on critical risk issues helps programme managers mitigate threats. Regularly planning and leading benefit reviews helps organizations drive success and ensure that profits aren’t eaten up by largely avoidable risks. For example, a slight reduction to a home’s expected average weekly fee (AWF) – although based on a more up-to-date market analysis – could have a detrimental effect on the bottom line. However, if this market analysis re-evaluation were to take place at the pre-planning stages, then the organization has an opportunity to review down spec. Key decisions like these must be managed with due diligence and care, by referring to the original business case and using a clearly defined change-control process, and then directing such matters to the programme board for approval.
Recommendations
Programme managers embarking on a scalability journey should note that before diving into the planning of a system of methodologies and processes, it’s important to first understand what needs to be fixed. Jones began his appointment at Care UK by working with a small team. They spent time getting into the nitty gritty of launching care homes, reviewing checklists, liaising with the Care Quality Commissions (CQC), and understanding the business and identifying gaps. Only then did he present the findings and gain support for the project’s Blueprint. Managers also need to understand the organisational culture in which they operate, and then adapt their approach accordingly. Finally, gaining senior management trust is another critical step, as approval and support helps form links throughout the organization – including the lower-management levels.
Successful organizations need managers with a breadth of knowledge – not necessarily construction management expertise – to successfully drive the outcomes of the project. They also require some understanding of IT systems, staff, marketing strategy and more. Only then will the organisation reap the strategic benefits of higher management-level expertise. With the right approach to project management and creating repeatable systems, care home organizations can seize market conditions and drive growth, while delivering quality outcomes through scalable building blocks.
Momo Apartments
Zero defects are the primary battleground between traditional and modern construction methods. A relative concept, zero defects is, however, a target that the construction industry has set for itself. Primary considerations are structural stability and keeping the water out. Proper functioning of services, components, fixtures, and fittings are essential.
Energy and sound performance are also vital, as well as issues of safety, access, and security. This is a campaign which will be fought in years to come… and in the meantime here is another prefab scheme which feature’s in these skirmishes.
Mobile Modular (MoMo) is a research development project for a relocatable system of mass housing constructed from specially fabricated shipping containers. This type of system allows flats to be erected speedily on short-life sites and to be demounted and re-assembled in different configurations on other sites in the future.
The key objectives:
Remove MoMo apartments from a site where housing has been provided for 5 years.
Refurbish Each module at the supplier’s yard or an alternative temporary site.
Re-locate The apartments in any new configuration to provide decanting, short-term housing, permanent apartments. This type of system can also become a permanent housing solution.
Originally commissioned by the Peabody Trust, after feasibility stage, the team was invited to take the project forward with their own initiative. The team formed a consortium with the aim of developing a prototype to demonstrate the principles, and to market the MoMo scheme as a one-stop shop package to interested parties.
How to Raise a God Fearing Child?
It’s every parent desires to raise up their kids in a Godly way and for them to follow and love Christ passionately. It becomes a tragedy when you as a parent does not have any idea on how to. What a hard nut to crack if the children decide to be rebellious and as a parent or guardian you are not rooted in the word of God?
This pushes me to ask this annoying question, “Are you living a life your child would love to emulate?” Live as an example and whatever principles you set he will follow them wholeheartedly.
Proverbs 22:6 says “Train up a child in the way he should go and when he is old he will not depart from it.”
Children are a blessing from God and it’s a joy when they are following the footsteps of our Lord Christ Jesus and doing things according to his will. As we were all born sinners, children aren’t an exception and unless you allow the Holy Spirit to guide you in parenting, I tell you this is not for the faint-hearted but I’ll take you through ways on how to help you raise Godly children and for them to learn His attributes.
Pray for wisdom
James 1:5 says “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
Praying, reading the word and exercising wisdom as you wait on God unlock many puzzles which the enemy can use to draw your children far away from his love. It doesn’t act like magic but takes the grace of God which will always sustain you. Implementing on what you learn from God’s word is highly recommended.
Protect your children
In this generation we are living in, children are surrounded by perverts, ungodly media and all negative influencers. As a parent, you need to take full responsibility to ensure that your children are protected from all vices. It’s your mandate for the Lord has entrusted them to you.
Control your children
Parents allow too much freedom to their children and it turns out to be very difficult to withdraw that freedom while they are older. You have the right to supervise what they’re watching, sites they log into to protect them from cyberbullying and to avoid technology controlling them. Monitoring whom they spend their time with is advisable. Teach them to walk in the “fear” of God and make them understand that there are boundaries. Be firm but with a lot of love.
Trying to turn children away from their wayward behavior comes with a lot of emotional burdens that takes massive effort to heal.
Have commitment and determination
Amos 3:3 says, “Can two people walk together without agreeing on the direction?”
It’s obliviously a no! As parents, you need to agree and purpose on how to raise your children in a Godly way and with the help and guidance of the Holy Spirit you’ll definitely emerge victoriously. Determination comes from within and the higher the commitment; awesomeness will be experienced by all.
Bless your children
Speak positively concerning your children. Bless them and speak to their future. The tongue has the power to curse and bless and you may not wish your child to live in resentment for the rest of his life because of the choice of your words.
Proverbs 12:18 says, “The words of the reckless pierce like swords but the tongue of the wise brings healing.”
Sieve every word that comes out from your mouth. Children can be rebellious at times and no matter how irresponsible they are, thank God for blessing you with that child. Talk to them about how their behaviors are weighing you down and at the same time appreciate them for their best part. Dwelling on the negativity will tear both parties down. Be wise.
Proverbs 23:13-14 says, “Do not withhold discipline from a child; if you punish them with the rod, they will not die. Punish them with the rod and save them from the death.
Children are bound to be rebellious and little spanking is allowed as long as it won’t cause bodily harm. Do it with a lot of love though. Involve your children in daily prayers and set family devotional times.
