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The Time When I Took a Great Risk. What Was the Outcome?

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The Time when I took a great risk. What was the outcome?

As project manager, our daily activities bounded with a lot of risks where we need to forecast them ahead of time and take countermeasures on immediate basis.

One day, I have been requested to manage one of COMPANY strategic project where its base line schedule, I meant the duration to finish the project is only 17 months; however, the usual delivery schedule as per our bench mark for such strategic project around 22 months till the mechanical completion at minimum.

There was not option to reject and execution plan to be in placed on urgent basis to meet the COMPANY overall strategic plan; hence, I have started to draw project path forward and clear plan for the next phase in view of my obligation to meet COMPANY expectations.

First of all we have drawn the main billers/objectives for the final product in term of schedule, budget, safety and Quality in view of our stake holders’ expectations and the project overall objectives as elaborated in scope management plan on engineering, procurement and construction basis (EPC).

Second, searching for qualified candidate forming the Project management team where I had chosen and hired strong arms for driving the project in all project phases.

Third, we have hired EPC contractor accepting COMPANY term and condition and meeting the project over all objective as drawn in mentioned billers.

Third, developing methodology for monitoring and controlling all project activities as elaborated in project measurement system where we have assigned owners and targets for all activities with certain float considering any associated risks.

Forth, keeping the open dialog with project main stake holders thru weekly update reports, monthly video conference call and quarterly face to face meeting for updating purpose and secure all needed approval/ guidance on

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