If you work as a Project Manager, you would know how important it is for you to manage the risks. There are several ways of doing the same, of course. But out of the many solutions to approach the job, developing a probabilistic approach is indeed vital. It would enable you to maintain high customer and stakeholder trust levels because we can make reliable delivery commitments based on predictions instead of just assumptions. At the same time, it also allows us to define service level agreements with more confidence so that our customers get what they need in an organized manner; not only does this help retain them, but it builds their satisfaction as well!
How it matters?
As a Project Manager, you would realize that it becomes impossible to predict how long a task will take precisely at times. But the secret is not knowing, but it is in managing the uncertainty. Managing uncertain deliveries can seem like an overwhelming and daunting challenge, but there are ways! An output tone of voice should always help give people tips on what they could do differently next time. At the same, it is reassuring them that even though things might get challenging from time to time, everything usually works out for the best in its way at some point or another. It is more so with one’s doing the job more diligently.
Now, if you’ve ever been involved in a project where the delivery date kept getting pushed back and then finally meeting its target deadline with only hours to spare or worse yet ever making it at all, it is inevitable that this is an experience as old as time. No matter how hard you try not to get caught up in these situations again – they seem like part of life. Humans-“complex creatures” by definition-are resilient enough when things do not work out as per the usual expectations. Here is where by developing a probabilistic help. Because with this attitude, you would first learn about risk management methods available. It would improve your chances of success manifold. And even if a failure occurs, you would be ready to handle them better with a probabilistic attitude. In the world of business would always be there. But their proper management helps businesses survive the risk. As a project manager with a probabilistic perspective, one can handle these very well with the help of courses at SDL. And that is why it does matter.
How does it help?
Developing a more confident and accurate understanding of how various long tasks take and what they are likely to involve is what you need to predict. With the probabilistic approach, one would be able to create systems that flow much smoother. Moreover, it will enable you to understand the trouble spots, which is the first step in resolving the problem.
Thus, developing a probabilistic attitude will indeed help you to become a successful Project Manager. However, along with that, if you become a PMP Certified Project Manager, it would do a host of good to your career. So, if you are not PMP Certified as of now, you must enroll for the suitable PMP Exam Prep Course to clear the exam and get PMP Certified.