1.) What is the difference in predictive planning vs adaptive planning?
2.)Respond to Michelle
What are some exercises that you have performed to identify your project’s Unknown Unknowns?
One of the crucial items in cost planning is the ability to identify the knowns and unknowns. While the Project Manager needs to be proactive and attuned to the environment, no one can predict every scenario that may happen. In this unpredictable market, is there a way to help identify the Unknown Unknowns for the project?
According to Harvard Business Review, there are three strategies that can help.
1) Seek out an inside perspective. Try to seek out someone with experience in the area to offer advice and feedback.
2)War-game your potential failures. While you imagine that the project fails, you work through the reasons this may have happened to help prepare for real-life scenarios.
3) Test for implicit assumptions. This is opposite than #1. This is where you find someone in a totally opposite field to review and provide possible holes in the project.
By combining these in with other risk mitigation techniques, more Unknown Unknowns may become known.
Source: https://hbr.org/2017/10/simple-ways-to-spot-unknown-unknowns
3.)On the Plan-Do- Check-Act Model which step do you think is the most important? Why?
In Chapter 12 of the text, the Plan-Do-Check-Act model is discussed. This model is used as a way to improve processes. The first step is to plan. This is where the group decides what needs to be improved.
The second step is do. This is where the group makes a small change and collects the data needed to determine if there was a change.
The third step is check. This is where the team determines if the change made an impact on the variables that are being measured.
The fourth step is act. This is where the team will implement a change if the results showed a significant change.
In this model, what do you think is the most important step? Why? What would happen if this step was left out?
Source: Contemporary Project Management
