Brainstorming Global Project Management

What are the best ways to build trust on a global project?

How can we build teams that are seperated by time, place and culture? How can we facilitate culutral understanding? What are the impacts of teams that don't understand each other culturally? What are the warning signs that our projects have trust issues? Our scenario is in 2012 what are the tools, skills and knowledge we will need to perform global project management. How can we improve as individuals, teams and organizations to deliver tangible and intangible benefits? What Techniques might change? How can we use technology? What kind of soft skills shall we improve to perform global project management better?

Interactive Visual brainstorming

How to employ top down approach effectively for change
Discuss how to get change from Senior Stakeholders
Project team members think the Customer Requirements are unrealistic.
Align everyone in same direction
Endorsement form all stakeholders
Roadmap: Risks and How to

1) Risk of top down approach (based on survey)

1-1) Failure in senior management commitment

1-2) Resistance from other stakeholders

2) Effective top-down approach

2-1) How to get senior management commitment

2-1-1 ) What
- Simulation
- Quantitative evidence
- Viable alternatives

2-1-2) How
- Visualization
- 3rd party feedback (e.g. industrial expert, peer review, report)
- One on one meeting with strong S/H

2-2) How to mitigate resistance from other stakeholders
- Direct message from senior S/H to other S/H
- Off-site Meeting and give the S/H same vision

How to manage customers requirements?

The Problems are

• Lack of information
• Ambiguity
• Wrong information

Projects that have alot of uncertainty as to what does the final product look like should Prototype. Prototyping allows project team members to explicitly define the product. "No assumptions No risk". If team members assume that they know what the customer wants, this is a risky strategy.

The first step is to Collect/Define requirements. second step is to perform a functional analysis. "Fit and Gap Analysis" compare between current status requirements. Analyze the Life Cycle Costs and perform the Cost and Resource Analysis. Third Step is to visualize the product of the project. Projects with uncertainty require prototyping to define the product and avoid ambiguity and requirements conflicts.

Brainstorming Global Project Management

What are the best ways to build trust on a global project?

How can we build teams that are seperated by time, place and culture? How can we facilitate culutral understanding? What are the impacts of teams that don't understand each other culturally? What are the warning signs that our projects have trust issues? Our scenario is in 2012 what are the tools, skills and knowledge we will need to perform global project management. How can we improve as individuals, teams and organizations to deliver tangible and intangible benefits? What Techniques might change? How can we use technology? What kind of soft skills shall we improve to perform global project management better?

Interactive Visual brainstorming

Brainstorming Global Project Management

What are the best ways to build trust on a global project?

How can we build teams that are seperated by time, place and culture? How can we facilitate culutral understanding? What are the impacts of teams that don't understand each other culturally? What are the warning signs that our projects have trust issues? Our scenario is in 2012 what are the tools, skills and knowledge we will need to perform global project management. How can we improve as individuals, teams and organizations to deliver tangible and intangible benefits? What Techniques might change? How can we use technology? What kind of soft skills shall we improve to perform global project management better?

Socio-Culture, Uncertinty and Organizational Risks in Global Projects

All Projects are inherently risky. Additionally global projects are prone to socio-cultural risks due to cultural difference. Because we are working on global projects, and global projects could have more socio-cultural, uncertainty, and organizational risks than domestic projects in nature.  Socio-Cultural Risks:  All Projects are inherently risky. Additionally global projects are prone to socio-cultural risks due to cultural difference.   Uncertainty Risks: Natural disasters are commonly uncertainty risks.  Impacts & probabilities are hard to predict. But yet need to prepare for it. Organizational Risks: Organizational risks are everywhere right from selecting project, planning to project closing. Need to know this risk at each stages of project in advance.   Risk is like wine. Either too much or none of it can kill the party!   Roadmap: You should know the risk well (it`s source, probability, impact). Apply your tolerance and plan accordingly your mitigation. We pick up 3 most could-be-serious risks in each of our categories.

One of the major risk in the category of organizational risks is "Lack of Subject Matter Experts" especially when project across multiple domains.

 

 

We ranked its impact 4 and likelihood as 4.   Have SME’s in your team to make domain related risks as foreseen as possible and manage that risk effectively.  The "Cultural Gap" matters most in socio-cultural risks. The bigger the  gap, so as the related risks.    We ranked its impact 3 and likelihood as 4. To manage these risks 1) Respect local cultures 2) Develop global mindset 3) Develop cultural intelligence 4) Understand the importance of language. Never underestimate cultural difference the top risk in the category of uncertainty risks is "Natural Disaster”. We ranked its impact 5 and likelihood as 2. Our suggestion to deal with this risk is 1) to distribute key assets, 2) identify unchangeable factors for running project and insure them, and 3) include disaster management plan in your project plans.

We picked up examples of risks with high impact/possible to occur. As we have seen, You should know the risk well (it`s source, probability, impact). Apply your tolerance and plan accordingly your mitigation.  Socio-Cultural Risks:  All Projects are inherently risky. Additionally global projects are prone to socio-cultural risks due to cultural difference. Uncertainty Risks: Natural disasters are commonly uncertainty risks.  Impacts & probabilities are hard to predict. But yet need to prepare for it.  Organizational Risks: Organizational risks are everywhere right from selecting project, planning to project closing. Need to know this risk at each stages of project in advance.   Risk is like wine. Either too much or none of it can kill the party!   Risk is directly related to reward, if you take it in controlled way.

Prakash Manuachar
Kentaro Sakamoto

Political/Regulational/Economical

 

Introduction

Identify and Mitigate top Political/ Regulational/ Economical Risks to Global Project Management
To identify and propose ideas to mitigate risks on Political/ Regulational/ Economical area to Global Project Management
Global Projects Compared to local projects, we face more dynamic risks which have huge impacts
The goal is to be on budget, on Time, with satisfied customers
Smart Research Strategies, Proper Risk Response
Show 2 risks & explain how they could be controlled & managed.

Political Regualtional and Economic Risk from Robert Higgins on Vimeo.

Political Regualtional and Economic Risk from Robert Higgins on Vimeo.

Body

1st sample of risk : Saving Private Korean

Incident happened around April 2009
Kaesong Industrial complex
Car manufacture, construction, chemical, etc....

North Korea released South Korea's Hyundai Asan worker on Thursday after four-and-a-half months of detention amid an ongoing visit by the company's chairwoman, Jung Un, Hyun
Project member, Mr. Yu Seong-jin, detained in North Korea for 136 days
Lesson learn from the sample

Now the South Korea Government requests you to time travel back to the planning phase of the project.
Knowing the political risk which was happened, how would you plan and mitigate, and prepare the contingency plan?
Plan: form a risk management team with Korea Government SME, North Korea Ambassador.
Hold weekly meeting with the RMT.
Mitigation:
Closely keep an eye on the country political activities, seek advice from SMEs
Have a trigger and plan to evacuate project members

Vote another President if possible...

Contingency: Come up with contingency plan for each "high" risks

Obtain consensus, sign agreement for the contingency plan - so that Mr. Yu Seong-jin would not be detained for 136 days

2nd sample of risk : Current currency changing(e.x TOYOTA)

Lesson learn from 2nd sample
-How to control & manage a risk
Managing

- Risk hedge action before actualizing a risk

Monitoring
- Continual monitoring to each local site (goverment, economy)

Controlling
- Do an action which is prepared beforehand.

Conclusion

We showed 2 risks & explained how they could be controlled & managed. Then give conclusion
Comparing with local projects, we would face more dynamic risks which have huge impacts in global projects
Within budget, on Time, customers satisfied
Smart Research Strategies, Proper Risk Response

Youngduck Lee
Daniel Chu
Masaki Iwakura

Brainstorming Global Risk Policy

Workshop Participants Brainstorming on Global Risk Management. What are the toprisks to perfroming Global projects? How can we deal with these risks?

Link to Linoit Full screen Interactive

 

Interactive Live

PMBOK Cafe Presentations "Global Project Risks"

What are the top Overall Risks to Global Projects?

The goal of the Fourth PMBOK Cafe workshop is to explore the Global Project Risks. What are the top Risks? If these Risks happen what will be the effect? What can we do to manage these Risks? Participants explored this concept as individuals, teams and as a group.

Political/Regulational/Economical

Socio-Cultural/Uncertainty/Organizational

Risk Management and Traning for Japanese Project Management

What are the top Overall Risks to Global Projects?

The goal of the Fourth PMBOK Cafe workshop was to explore the Global Project Risks. What are the top Risks? If these Risks happen what will be the effect? What can we do to manage these Risks?

Lessons Learned Risk Policy 2009 Summer

The fourth PMBOK Café explored the Risks involved with Managing Global Projects. Global Projects have additional risks that must be identified, monitored and controlled.

Political Regulational and Economic Risks are dynamic and have a huge impact on global projects. To deal with these risks Project Managers need to have smart research strategies. Examples of Political Risk that were presented in the Café were projects involving North Korean facilities with South Korean employees. North Korea released South Korea's Hyundai Asan worker on Thursday after four-and-a-half months of detention amid an ongoing visit by the company's chairwoman, Jung Un, Hyun and Project member, Mr. Yu Seong-jin, detained in North Korea for 136 days.

Global Projects are also subjected to Currency Exchange risks. Managing these risks involve hedging against a currency change that might impact the project.

Global Projects also involve a significant Socio-Cultural risk that are difficult to manage due to cultural differences. This cultural gap impacts communication and trust. If different cultures cannot trust each other for example differences in high context and low context countries there is a risk the project will run into difficulties.

Global Markets impact Projects because of rapidly changing competitive conditions. Shifting market conditions may cause external changes to scope requirements. Project Managers should actively gather information and analyze the data. If there is a need the Project Manager should trigger risk response strategies.