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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Cost Reduction Strategies for Utilities Part 5: Enterprise Resource Planning System

In plain words an Enterprise Resource Planning (ERP) system is a central database system that houses financial, human resources, material, schedule, regulatory and work orders information about the capital and operational expenditures (capex and opex) of a company. It has various modules that display that information in a fashion that is suitable for various departments, functions and levels of an organization. An ERP system today is a crucial tool for utilities to bring greater visibility to the workflows, resource availability, productivity levels, stakeholder commitments and asset management. Access to good data leads to better decisions. Utilities have all kinds of useful and important data about their people, projects, asset health, contractors, facilities, inspection and maintenance, connection requests, regulatory commitments and documents.

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Cost Reduction Strategies for Utilities Part 1: Multi-purpose Use Assets

Utilities are trusted with a responsibility to provide a standard service at a regulator approved rate, without a right to refuse anyone, with expectations for the highest levels of public safety and reliability of service. That makes us conservative by nature, I get it. But that’s no excuse to be complacent, hiding behind the shadow of greater responsibility and walls of regulation, thinking that we have too many constraints to innovate. Hoping that our business model will continue to deliver value for our customers, the shareholders and the stakeholders.

Utilities are at a crossroad today and they need to decide whether they are going to evolve to become more innovative on their own initiative or are they going to be forced by customer pressure through political will and regulators or be taken-over by the non-utility competition.

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Tips to Effective Project Schedule Updates Part 3

Client feedbacks must be clear, with enough details yet to the point. This gives contractor their fair chance. The client expect the same from
the contractor. All feedbacks must have a tracking mechanism in place. Every schedule must have a benchmarked minimum schedule quality so it remains reliable.

Losing the quality essence of the schedule means the increased possibility of losing stakeholder’s confidence. The project has to avoid such situation from ever happening.

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Tips to Effective Project Schedule Updates Part 2

The client company, through its representative, must review and give feedbacks to the contractor after receiving the schedule update/report. It is not only an expected feedback and input mechanism but also a responsibility.

Return inputs (feedbacks) must be in a timely, coordinated, and agreed-to manner so nothing goes between the cracks. All inputs and feedbacks shall be in writing via e-mail or handwritten correspondences.

Address the comments from the client in a formal construction meeting or documented informally, prior to such meeting. Engaging face to face is preferred to a teleconference call or remote engagement whenever possible.

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SCHEDULE QUANTITATIVE RISK ANALYSIS (TRADITIONAL METHOD)

SCHEDULE QUANTITATIVE RISK ANALYSIS (TRADITIONAL METHOD) ISBN: 978-0-9947608-3-8 (Canada) by RUFRAN C. FRAGO, P. ENG., PMP, CCP, PMI-RMP The book “Schedule…

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PM Solution Pro Business Introduction

We utilize unique best fit-for-purpose tools and approaches to successfully meet key objectives. We help clients manage risks, leveraging on the fact that every decision made is risk-based. To date, we’ve partnered/affiliated with Deltek, ARES/PRISM, Corel, Doodly, and Renderforest. A sister business creative trademark KATHAKO was launched last January 2019.

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PM Solution Pro “ZERO P6 Course” is doing great!

ZERO P6 is a five-hour training course on planning, scheduling, and schedule management using Oracle Primavera P6 Professional Version 18 intended to create & develop student’s skills from scratch. This elementary course leads to the next course BASIC P6.

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