Reduce Your Project Risk by Modeling to Simulation

I had the pleasure of speaking at ProductCamp RTP 2018 on the topic of reducing business risk through simulation — how business managers can achieve the same kind of benefits that pilots receive from the use of flight simulators. I have reduced my original ProductCamp RTP 2018 presentation to a 6-minute movie (below).

In simulated flight, pilots navigate a realistic virtual world while a trainer subjects them to rare events like engine failure. The pilot learns through repeated failure how to recover from these challenging training events without loss of property or life.

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How to Build Useful Business Models

I recently had the pleasure of addressing the Research Triangle Park chapter of the International Institute of Business Analysis (IIBA). My presentation (below) was intended to provide attendees with couple tools that many had never used: Causal Loop Diagrams, and Stock-and-Flow Modeling software.

Although I tailored my presentation to the Business Analyst audience, these tools can also provide improved insight and solution simulation in a safe environment to others across an enterprise; for example:

  • Impact of different marketing efforts on sales
  • Effect of competitive products and pricing on launch activities
  • Meeting delivery schedules as demand changes
  • Adequacy of after-sales support service teams
  • Alternative strategies for business growth

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Are You a Collaborative Project Manager?

minions-croppedThe current issue of Clinical Researcher includes an article that discusses how Project Managers influence parallel planning and collaboration between research sites and sponsors.

The article reveals the criticality of a well-run clinical trial, noting that trials that did not have a patient enrolled within the first two months were “significantly less likely to achieve” their their enrollment targets “despite the length of time the trial remained open“.

The authors make several common-sense observations on parallel planning and collaboration between managers who are co-managing a project, including:

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