The Story of Two Bulls (Plan and Impulse)

A colleague in the oil and gas industry was trying to be funny that day and was delivering another one of his patented jokes. I do not usually take notice because I find myself always busy with work but the story resonated differently so I came closer, and to his surprise, I started taking notes. This bull story somehow relates to business strategy and acumen. I want to remember it and now I am sharing it to you.

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Risk Relativity

For a thief, a good security system is a threat. To a security guard, that same system is an opportunity to lessen the risk of robbery and to increase the chance of catching the thieves.

A person’s perspective depends on which side of the fence they are sitting on. With that in mind, a risk can be a threat or an opportunity. It is relative from a point of view. Your business sees a threat and your competitor sees an opportunity. It is as simple as that.

Each individual player within the risk universe will see things a bit differently compared to the next person, with some people interpreting things in exactly the opposite fashion. In each case, the person can see only one set of attributes.

Anyone who contemplate risk should consider that threats also bring with it opportunities and opportunities can also brings threats.

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PM Solution Pro, on the right path as a Seavus and Deltek Partner!

PM SOLUTION PRO is excited to announce its recent strategic partnership with SEAVUS, a world-class software development and consulting company with 15 offices supporting 4,000 clients in eight (8) countries. The partnership is designed to further expand the footprint of the Seavus’ Schedule Reader/Schedule Cleaner toolset and to increase the value of the project and business services we provide to our clients.

Our business alliance creates an opportunity of adding “Schedule Reader and Schedule Cleaner” software solution to PM solution Pro’s consulting, technical and learning portfolios.

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Managing Black Swans?

Unknown unknowns (black swans) might be in the room, for all we know, but we just cannot see them until circumstances make them visible. Once we see that the risk exists, we would surmise that it no longer qualifies as a black swan event, because we are now aware of the risk, and the element of surprise is no longer there. It is now the normal type of risk that many risk managers are already familiar with, the known unknowns.

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Website security: What to do if your Website Form reCaptcha is not showing?

One of the company websites I managed was gravely impacted by bots attack recently. The first indicator was some noticeable changes to the websites standard/original formatting. This creates unsightly pages, poor font placements and bad colour combinations.

Another adverse impact of the bots after gaining access was to target files, preventing seamless updates. It was difficult to detect because the site seems to continue working. Some pages looked like they’re not affected but only because it was showing static page from the cache.

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Can access to RRSP sans the tax burden bridge the financial strait of some Canadians amid COVID-19?

The domino effect of this health crisis leading to financial downturn, unemployment and disarray, will also bring with it major political and commercial upheaval globally that will affect even the least of us all.

While the government has introduced one form of relief trying to be ahead of the necessity curb through the CERB (Canada Emergency Response Benefits), other means have to be made available.

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Lessons Learned concerning Schedule Quality Assessment

The quality metric designed to measure the project’s Execution Schedule should not be used to measure its DBM schedule. While the former might be a complete, fully detailed schedule ready for execution, the latter lacks maturity, details and completeness. It is like giving the University Senior Year Final examination to High School Freshmen students. It is best to understand first the most pressing quality requirements of the project schedule at its specific stage of development before applying the metric.

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A Project Management Question about Success and Failure

According to your project management best practices concept of success, do you think that the project described below is successful? Or, do you think it is not? Please explain your answer. Your valuable professional input is much appreciated. Thanks in advance.

A $3.5billion petrochemicals project was earmarked to produce 175 metric tons per year from its Polyethylene (PE) Plant and 175 metric tons from Polypropylene (PP) plant. The baseline production target date was projected to be delayed by four months or more due to the design, equipment and material issues of the standby extruder/pelletizing mechanical train of the PP and PE unit. Stakeholders and sponsors were nervously and eagerly awaiting to start production as orders were already piled, lined up for the next twelve months. A month of delay in production will be very costly. To the sponsors, a day delay is unthinkable.

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