What about Boxing and Risk-based Management?

Boxing is a risky event for all involved, most especially the boxers. Yes, the protagonists themselves. Monitoring risk can be like watching boxing. Two competitors, both with the intention to strike whenever there is opportunity. They execute the plan, psyche each other, try to prevent and mitigate the threats of getting KO’ed, strive to make the right response, and to make the right decision through keen observation, at a flinch of a muscle (risk indicator).

As a risk-based management practitioner, the bloody sport of boxing is so exciting and fascinating. In my view, it relates so well, … so very close with the concept and philosophies of risk management. “No pain, no gain,” as the old saying goes!

Boxers, their coaches, and cornermen have to come up with a response plan to prevent or mitigate the punches. They put together a strategy prior to the bout similar to a project preparing the risk management plan. They know that boxing judges have a decision to make and it has to be the right one, that is of course, one in their favour! They have only one end goal in mind, to be the winner!

In risk management, as in boxing, playing and losing can still be an Opportunity! Amazing Statistics!

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How about understanding your Project’s Schedule Critical Path better?

Critical Path is a measure of schedule flexibility, discernable through each activity total float. On any network path, flexibility is the positive difference between early and late dates (PMI, Project Risk Management, 2013). It is the shortest time possible for a project to finish.

“Be careful of relative critical path. This is the critical path relative to some select points of constraint only.”

“The path it generates does not represent the overall project’s critical path. The real overall critical path of the schedule is one generated by the calculation of a schedule that has no constraint, a schedule that flows freely.

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Happy 4th of July 2019 to all our American Family, Friends and Colleagues!

Let no one ever forget…

“We hold these truths to be self-evident, that all men are created equal, that they are endowed, by their Creator, with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.”

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Happy Canada Day to all Freedom-loving people out there!

Canada Day (French: Fête du Canada) is the national day of Canada. A federal statutory holiday, it celebrates the anniversary of July 1, 1867, the effective date of the Constitution Act, 1867 (then called the British North America Act, 1867), which united the three separate colonies of the Province of Canada, Nova Scotia, and New Brunswick into a single Dominion within the British Empire called Canada.[1][2] Originally called Dominion Day (French: Le Jour de la Confédération), the holiday was renamed in 1982, the year the Canada Act was passed.[3] Canada Day celebrations take place throughout the country, as well as in various locations around the world, attended by Canadians living abroad.[4]

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PM Solution Pro travel log : BSU aiming to be one of the leading Universities in the Philippines and Asia

Rufran’s recent trip to the Philippines brought him back to his alma mater, Batangas State University (BSU). It’s been almost twenty years since he last set foot in the University Main Campus.

His purpose was to see the University and Philippine Association of State Universities and Colleges (PASUC) President Dr. Tirso A. Ronquillo. It was a privilege to be given the chance to talk with him considering that whole week was extremely busy with graduation rites he needed to attend to.

It was a “short-notice request” for an appointment made through Dr. Jessie Montalbo, Vice President for Administration and External Affairs, the final arrangement of which was subsequently coursed through the University Assistant Director of Alumni Affairs and concurrent University Librarian Dr. Agnes D. Arellano.

He walked through the concrete roads, walkways, stairs and corridors leading to the Office of the President with pride and yearning in his every step. The place was vastly improved with new buildings, modern infrastructures, state-of-the art facilities, and a well-balanced façade more pleasing to the eyes. The amazing growth BSU has undergone through the years was truly a sight to behold. The President proudly intimated during our discussion one of his favourite philosophies, “To appreciate the content, one has to develop a good container.”

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Happy Father’s Day 2019 to all Dads out there!

The greatest gift a father can give to his children is to love and respect their mother (Hesburgh, T., 1917-2015). The greatest gift a married wife can give to the father of her children is loyalty and being true to her vows. The best way to honour a good father is through respect and obedience.
This Father’s Day, Don’t forget to honour them! Cheers to all loving Father! May your number grows and your influence multiplies!

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Book-signing Promo Event, at Dana Point, CA a success!

My apprehension that the small group who attended that evening might not show any interest on the subject was unfounded. The ensuing discussions were lively and fruitful. There was excitement in the air, gasps of discovery in each turn, and a promise from the audience to read and promote my work. This small, simple book-signing event was fun and successful. This was first this year since my last book-signing at Indigo Hills, Calgary two years ago.

Topic of the evening: We are all risk managers! Risk management is the only thing we do for a living, the very reason why our company or client pays us, the reason why we go to work every day. We manage risk even as we prepare to go to sleep, to increase probability that we wake up the next day healthy and refreshed. The amazing thing is, we don’t even realize it!

In this sense, we are all risk managers as we support our very existence. We survive each daily rigors because we are already unconsciously competent of what we do through years of experience and training.

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PM Solution Pro participated in the AACE Dinner Meeting, “Proactive Trend and Change: Avoiding the Iceberg Effect.”

Risk is about the future. Imagine that from “NOW” (the present) and the future state, there is a timeline. The time duration to the future has to have a value. Threat and Opportunity is about the future. There is no additional sense saying future risk. Saying so is redundancy.
Reliability of work data increases over time, and it signals the right time for full integration. Reliability is a result of data maturity. Good integration results in an effective risk-based project execution, the execution that makes most sense. While the acquisition of good quality information is always in progress, the risk specialist and each team member should strive to help the project manager identify and highlight critical elements needed for success. Always remember that risks must be identified before they can be managed. Risks cannot be identified if no information or indicator relating thereto exists. Unknown risks cannot be managed.

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Book Signing Event at El Torito, Dana Point, California. See you there!

Book Signing Event at El Torito, Dana Point, California. See you there!

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Stephen Odusanya takes on the role of PM Solution Pro Project and Construction Engineering Advisor

Stephen Odusanya is one of PM Solution Pro’s highly regarded resource in the field of project engineering and construction coordination. If you or your company requires PM Solution Pro to help manage your project, we are ready to send our best members to you. Who knows? Stephen might just be the one you’re looking for.

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