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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Our role at Xodiac in helping organizations with their digital transformations is to create clarity and visibility. Especially as we believe in the importance of creating visibility as the first step in the transformation.

In fact, with seemingly every company undergoing a digital transformation, there are three main requests we are getting from our clients.

  1. Having had some initial success, how do I scale?

  2. What do I need to continue to grow?

  3. How do I know I’m on the right track to achieve my goals?

Below I’ll give an overview of what we’ve seen help with these three concerns and how visibility is so crucial to all of them.

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When working with some of our larger customers, we frequently run into common barriers to change. Change is difficult and, no matter how often we say it, there is no silver bullet for how to get there. However, we can say there are commonalities in approaches, things we’d look for and actions we’d take in response to those findings. When we look at the delivery of technology within organizations, we often come across the barriers within how the teams are working, but even more frequently, how the organization is working with technology is the bigger barrier. Developing powerful roadmaps is valuable and greatly helps with generating alignment and a common vision.

In my last two posts, I spoke to blame culture and looking at the whole system. In this post, I’m going to talk through the third of three common organizational problems we encounter, dealing with silos and specialization.

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When working with some of our larger customers we frequently run into common barriers to change. Change is difficult and, no matter how often we say it, there is no silver bullet for how to get there. However, we can say there are commonalities in approaches, things we’d look for and actions we’d take in response to those findings. When we look at the delivery of technology within organizations we often come across the barriers within how the teams are organised but even more frequently, how the organization is working with technology is the bigger barrier. Developing powerful roadmaps is valuable and greatly helps with generating alignment and a common vision.

In my last post I spoke to blame culture. In this post I’m going to talk through the second of three common organizational problems we encounter, not looking at the entire system, and how attaining visibility will help you overcome barriers to better achieve your business outcomes.

            

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