Tag: Risk Mitigation
“Unsinkable” — The Titanic and the Psychology of Ignored Risk
1. The Birth of Overconfidence In 1909, when the Titanic’s keel was laid in Belfast, the world was entering a new industrial age. The ship was a symbol of invincibility — 882 feet long, 46,000 tons of steel, and equipped with cutting-edge safety features. But that belief in perfection was its undoing.Overconfidence is not a…
Debunking the Myth: Project Risk Management Is Just About Contingency Plans
The Reactive Trap “Identify risks and have a backup plan!” It’s a common refrain in project management circles. But here’s the truth: relying solely on contingency plans can leave your project vulnerable. I’ve learned this the hard way—today, we’re busting the myth that risk management is just about having a Plan B. It’s about so…
Procurement: The Unsung Hero of Project Success
The Vendor That Almost Sank Us Picture this: a tight deadline, a critical hardware delivery, and a vendor who swore they’d deliver. Two days before go-live, they ghosted us. No parts, no answers—just panic. We scrambled, found a backup supplier, and pulled it off, but the stress shaved years off my life. That day, I…
The Hidden Costs of Project Delays: A Financial Wake-Up Call
The Day the Budget Blew Up It was supposed to be a straightforward project: a six-month timeline, a solid budget, and a clear scope. But then, a key supplier missed their deadline, and the dominoes started to fall. Two weeks turned into a month, and before we knew it, the budget was spiraling out of…
