To prevent or to cure?

The performance of each individual employee reflects on the overall performance of the organization. It is crucial for an organization to manage its employees and make sure that each one contributes to reaching its goals.

One of the challenges of human resource is managing its employees with their differences in views and beliefs. As conflicts in an organization is inevitable, it is still essential for managers to make sure that everyone has a grasp on the direction and steps in a completion of a project. But as we are all uncertain on what the future holds, what should the managers or team leaders do? The answer is Project Risk Management.

What is project risk and why is it important? According to Reynolds (2010), “Project risk is an uncertain event or condition that, if it occurs, has a positive or a negative effect on a project objective.” Having the ability to identify and create countermeasures in cases where an unknown risk can happen will be a great strength in an organization. Also, “Prevention is better than cure”. Certainly, identifying loopholes before they occur can save the organization from future bigger problems. As it is considered vital in a success of a project, managers must make sure that its team members are aware of its value.  

 

 

Source: Reynolds, G. W. (2010). Information Technology for Managers. Course Technology, Cengage Learning.