Introducing xodiac XPRS on xprs.xodiac.ca, a solution designed to address project delays, cost overruns, and quality concerns

Introducing xodiac XPRS on xprs.xodiac.ca, a solution designed to address project delays, cost overruns, and quality concerns

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Contingency Planning: How to Navigate and Mitigate Risks

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Peter Maddison
December 12, 2023
Reading time: 5 min

Effective product delivery is a constant challenge in today's dynamic business world. Whether embracing agile methodologies, implementing DevOps practices, or following traditional project management approaches, one common thread runs through them all: the need to manage risk. Contingency planning is a pivotal element in risk management, and understanding the distinction between real and perceived risks is crucial for success. In this article, we'll delve into the world of product delivery, risk assessment, and the importance of addressing risks early to ensure the smooth execution of your initiatives. 

Real Risks vs. Perceived Risks

Distinguishing between the two is fundamental for effective risk management. 

Real Risks are those that pose a tangible and quantifiable threat to your success. These risks can potentially disrupt timelines, budgets, or overall project objectives. For instance, if a critical feature is not delivered on time, it may lead to the loss of a customer to a competit...

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Making every team thrive

October 16, 2018
Reading time: 2 min

As soon as the sun first rises above the horizon in Springtime and melts the accumulated snow and ice, high in the Canadian arctic on Baffin Island, the arctic poppy hangs on to every ray of light it can grab and livening up the rocks it grows in between and on top of. When the sun no longer disappears during midsummer nights, its stem rotates the full 360° so that the flower maximizes the benefits from the scarce warmth and light it needs to grow. The circumstances in the high arctic are harsh such that very few plants or animals can survive. Yet, the delicate arctic poppy has found a way to thrive there.

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