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How your project risk management can be successful AtliQ
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Good Techniques to Implement Project Risk Management

Risk management in project management plays an important role so that the project can be executed properly in a smooth manner. By keeping an eye on the risks before, during, and after helping to manage the project lifecycle, it assists in proper communication and building the trust and bonding between the team members. It allows minimizing the risk and loss associated with the project. It also enables the employee to handle the projects and handle all the risks properly and efficiently. So these are some important that depict the importance of risk management. Importance of Project Risk Management 1. Better Planning Planning before the time of the actual project allows for a better outcome as compared to the project executed without planning. It helps by creating the list of potential risk factors that can be internal and external. It shows the relationship between these risk factors and their impact on the budget. It helps to align smaller project goals with the final objective. 2. More Proactive Projects turn out uncontrollable when any of the team members interfere in between and try out to fix the problem in the middle of a project. It is the action taken to avoid the wastage of time and money and results in incomplete or project having many flaws. Risk management and being proactive allows you to handle the problems systematically and you have enough time to manage things. 3. Supports Future Projects After the completion of your project when you perform the analysis you also consider how risk management played its role. If your project risk management proved itself useful, then you can implement the same in the next project. Using the same does not mean that you have to use the same project management plan. You can tweak your process or improve your project risk management plan. 4. Increased Communication Project management when it includes risk management plans it helps in having better overall communication. The process of analyzing risk allows stakeholders to understand the process in a better way and through communication convey the message to the project team about the expectation i.e what is expected out of them. It gives a clear picture of how much and why money is being allocated and the duration of the project. 5. Deadlines Maintained Project risk management provides the proper planning that includes a timeline in which the work needs to be finished. It also saves time when things do not go according to the plan as a proper strategy has been planned. It allows us to predict risk to some extent and identifying risks from the very beginning gives some space to discover and eliminate the project risk before it occurs. OIt is one of the effective ways to complete the project before the deadline. What Are the Steps in the Risk Management Process? 1. Risk Assessment Project management and the analysis starts with having clear and transparent communication with the project team. It includes talking about their concerns and challenges faced by them followed by the potential upcoming risks or challenges in the project. The communication can be effective only if it is kept casual as the team will feel free and will be able to share their honest feelings and concerns. This enables the organization to uncover risks, as well as build a stronger team. Risk assessment includes all the risks related to technology, budget, quality, suppliers, people, and legislation. 2. Risk Analysis Once the risk has been identified, categorize them into positive risk and negative risk, and then analyze the impact of each of them. List down all the risks that help to remember and analyzing becomes easy. It can be done on a pen-paper, excel sheet, or any other model that suits you. 3. Rank Risk Rank all the uncovered risks and then rank them. Once you rank them, it’s time to focus on the ones that are on the highest positions in all the terms. If you will rank them it becomes easy to find the solution for each of them. Figuring out the main issue decreases the chance of project failure. 4. Calculate the Cost The next step is to identify the cost to address each of the risks. 5. Assign Team Members Every team member should be assigned to various projects and every potential risk should be covered by a point person. Every team member should handle the team properly and that team should be capable of handling the potential risk. An appropriate plan of action should be outlined and it should be assigned to the right people. 6. Track Risk Through the Project Once the project gets started, keeping an eye on them regularly is necessary. Having proper communication and taking steps to manage the risk before it becomes too big to handle is the key. Risks are not something that can be ignored while panning or to forget once planning has been done. It should be constantly on your mind so that the proper tracking can be done. 7.Summarize Risk and Plan Ahead Once the project is complete, discuss with it your team members and the other stakeholders. Communicate what were the issues that took place and what are the things that can be improved in any further project. Create a report so that the same mistakes do not happen again and the learnings can be implemented in further projects.

July 1, 2020
Reasons for project failure and how can we avoid them
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Reasons for Project Failure and How Can We Avoid Them

Every time you think of a project but are scared of project failure. It is not just a loss for the business but also a demotivating factor for the employees. It puts down the morale of the employees and does not allow the business to grow. Don’t stress too much about project failure. This blog will tell you the reasons for the project failure and its causes. What Are the Reasons for Project Failure? 1. Lack of Resources The missing resources are the main reason for project failures. In theory, it has been recommended that the resources should be allocated at the beginning of the project but it does not happen. The reason for it is the lack of communication between the project manager and the management and it often leads to skipping out this step. If the team starts working on it in the middle of the project they realize they don’t have enough team members or the resources to complete the project at the right time. 2. Well-defined and Clear Scope The objective should be well defined before the project starts. The direction and scope should be well defined. If it is not clearly defined, it looks like that team is working towards the goal but there is no direction or no understanding of the course of action. It becomes difficult for them to understand what’s within and what is outside of the scope and it becomes the reason for project failure. 3. No Stakeholders Buy-in Executive buy-in is a difficult task to carry out. People who have worked with larger organizations often experience it. The project needs investment from the beginning, if the top management or the key stakeholders are not doing so project management failure will surely take place. To run any project smoothly the general interest and timely feedback is the basic requirement. If it is not the case it is good to say goodbye to the project. This Problem Arises on Both Sides of the Project: There should be proper and regular communication between the project manager and the stakeholders. Project managers should receive necessary and timely feedback from the stakeholders. Any project will be a success only when everyone is involved in it. 4. Lack of Communication Team communication is the most important part of project success. When there is a lack of proper communication, project failure takes place. Projects are dynamic even if the project schedule is created, risks are assessed or every step of the project is planned. There will always be one or the other issue such as time constraints, resource issues but it can be resolved with proper communication. 5. Unsatisfactory Deadlines Having a team and resources will not work if there is an inappropriate deadline. Working under a lot of pressure either results in missed deadlines or poor projects. In any situation, it can be said there is a project failure. The project manager should always discuss the deadline with the team members before conveying it to the client. It is important that the team should have enough time to complete the task in an efficient manner. How to Put an End to Project Failure? There will be always a chance for the problems to arise during any project or in any phase of the project. But what is more important is to know how to put an end to project failure because of these problems. Some of the ways are listed below: 1. Implement Risk Management Small or big there are always chances problems will arise but what is more important to have the right plans and strategies to tackle them. It is important to have a plan that won’t allow small problems to turn into the big ones. The team, resources, and proper planning are must to prevent the risk or at least minimize the risk. 2. Implement Agile Project Management Agile project management is useful in keeping teams work in sync and structured and gives better output. Some of you might not be aware of an agile framework, so let me tell you it works on some set of principles and they are as followed: If change is giving better results, always go for it rather than sticking to the plan. Always prefer to work with software over the extensive documentation Customer collaboration should be preferred over contract negotiation Choose individuals and interactions over processes and tools Implementing these values will always move you forward towards project success. Agile project management is also adaptive in nature and it allows us to adjust to changes. There is a plan but it is easy to go back and make the necessary changes wherever and whenever it is required. 3. Usage of Project Management Software Project management software makes the work easier and smooth. It allows us to manage the projects. It is an essential tool to manage the tasks, the timing of the task, who is allotting it, and to whom, etc. It helps in keeping the record and makes the communication process easier. This is the reason why project management software is an essential tool. Think about your new project and consider the reasons for project failure. Now have a look at the points of how to put an end to it. You will realize project failure is just because of a lack of planning. So next time consider these points and avoid it and implement some of the risk management plans.

June 19, 2020
Tips for boosting workplace productivity of the employees
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Tips for Boosting Workplace Productivity of the Employees

For any business, whether it is small or big, nothing is more important than the employees. The growth of the workplace takes place only when the employees are productive. The primary focus of the organization should not be on how to increase productivity, they should focus on employee satisfaction. Employee satisfaction is the key to increase workplace productivity or to boost productivity. It helps in getting quality work in good quantity. It also helps in saving time and resources. So, here are the eight tips that will help to boost employee productivity at your workplace: 7 Tips for Boosting Workplace Productivity 1. Provide Your Team With All the Essential Tools The skills of your employees are an important aspect of the growth of the business but what is more important is to provide them with the right and essential tools. Hereby tools, we mean the right technologies. The right software makes the work streamlined and easier for your employees. Some of the software that is helpful is time and productivity tracking apps, collaboration tools, communication apps. 2. Improve the Recruitment System Having a strong and clear focus on culture will save a lot of money, time, and effort. Hiring an employee that fits your culture will motivate and energize other employees. Hiring a culturally appropriate person is the most important part. Any person that does not fit the organization’s culture wastes a lot of resources of the organization. 3. Training Employees at Regulate Interval of Time Once you have hired someone the real job starts from there, training is the crucial part to get the maximum productivity. Time to time training helps the employees to develop their skills and also provide them with the opportunity to learn about new technologies. The training can be of smaller tasks or the bigger ones but they do matter. 4. Decrease Micromanagement, Increase Autonomy The team will be more productive when your employees take charge of their ownership. Boost productivity by encouraging them and letting them manage their time and resources to complete their task. Micromanagement does not allow you to get the best result out of your employees. Whereas granting them to do their work in their way gives them the freedom to work and increases productivity. 5. Keep the Objective Clear and Transparency in the Communication Having a clear objective and keeping transparency in communication plays a major role to boost productivity. Effective two-way communication makes businesses work. Communication also helps develop a positive corporate culture and managers get encouraged workplace productive employees. Clear objectives define the direction in which the employees have to work. 6. Increase Productivity by Boosting Self-care Any organization can have productive employees only if they are mentally and physically fit. Healthy employees are the motivated ones and are encouraged to find the solution of every problem upcoming in their way. They use their past failures as learning and implement what they have learned. 7. Provide Good Perks and Keep Your Employees Happy Providing good perks to employees increases their job satisfaction and they try to put all their efforts to be productive. Workplace productivity always comes with the satisfaction of the employee. The stressful workplace does not bring out positive results. The continuous stressful environment results in employee disengagement and distractive. To be productive, employees need to be happy. 8. Delegate the Work Delegation is always associated with the risk but it also comes with positivity and productivity. When any responsibility is assigned to any employee it makes them feel that they are an important and acknowledged person in the organization. Delegation helps to motivate the employees to build trust and perform the task efficiently and effectively. It works for both the organization and the employees. If you want to have a successful business, try out some of the tips and notice the change. Your business is in your hands and it grows along with the growth of your employees.

June 24, 2018
How to increase your sales team performance
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How to Increase Your Sales Team Performance

Sowing a seed is easy but growing the plant is difficult this statement is just to justify that it is easy to initiate a business that is difficult is to establish its identity. Any business grows when the customers accept its product and services and that’s the time when the company starts thinking about its own earning. For every business to sustain and grow sales plays a major role and it is very essential that a leader knows how to increase sales team performance. Our sales team after an in-depth analysis and with a good experience shares some tips to increase your sales team performance we have listed some of them for you. 1. Have a Clear Vision of Your Goal Many organizations have a sales team but they are really not aware of the purpose. People usually assume the sales team only means people involved in the calling process but it is more than that. Your sales team is the one that will help you to generate income so it is necessary to boost up the morale and always keep them motivated. The sales team must be aware of the goal for which they are working. The objective must be defined in detail and the objective should justify the need why it is important to achieve it. Don’t stack an unlimited number of goals in front of your sales team, keep a limited amount of objectives. Unlimited of pending works are not welcomed by any employee. Set achievable goals that can be attained in the time span decided by you. Don’t keep your expectations too high that can not b fulfilled. The aim should be challenging but at the same time, it should be realistic and attainable. 2. Keep a Record of Your Progress Monitoring your progress is very important. It includes keeping a record of deals that are converted, deals that were not converted, and the reason behind it, monthly recurring revenue, how many leads are there. 3. Celebrate With the Team Celebrate every moment and occasion with your team, everyone loves a celebration. It is not necessary you always need a reason to celebrate. Every hard work needs to be recognized. Celebration makes them feel that they are part of the organization and doing their bit to run the business. It is about providing motivation in every step of their work. 4. Be a Leader, Not a Micromanager Specify them the objective clearly, brainstorm, and discuss the time and set the target for them to be achieved. Everyone has their own way of working let them work in their own effective way. As a leader, you should focus on the result and not on the method. Yes, it is necessary the method used by them should be righteous. There is a difference between guidance ad micromanagement. You should guide them on how to achieve the target but should not restrict every now and then. There are some other tips also which are not the major one but it is essential to improve the performance of the sales team: Educate them to be customer-centric and to analyze the needs of the customer. Team them the basics. Basics are the most important aspects. Guide them on time management skills. Assist them in managing their works according to the time. HIre the right people and fire the people who are not productive to you. Resolve their concerns at the time when they occur don’t wait for the right time. Try to create a motivating work culture that helps to enhance performance. Building trust with your sales team is very essential to make your workflow smooth. They are the ones who are dealing with the maximum monetary terms for your organization. Dealing with the customers, satisfying their needs, clearing out their queries all are the tasks managed by the salesperson. Improved performance of the sales team results in customer satisfaction as well as customer retention because they are the ones who communicate with your customers on your behalf.

April 6, 2018
Team management techniques
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Six Simple and Effective Team Management Techniques

Having an organization is only one part of the corporate world. The most tedious and tiring job comes when you have to manage a team. There is a lot of work on your plate before you can even think that your day has started. There are so many works at the same time and you have to meet all the requirements whether it is of clients or of your team. It is very important to have a team that can be managed and you are able to motivate them to accomplish their objective. That is the time when you are a leader and being so is very demanding and tiring. As a leader and manager, you need to practice that to ensure effective team management. There is a list of tips that can help you to make your team management simpler and rewarding. 1. Forming the Right Team It is very important to hire the right people for your team because creating the right team is key to success. Having the right talent helps your project’s productivity to the maximum and motivates others to work effectively. Select team members in such a way that they complement each other. They can work as strength for someone else weakness. Initial interview sessions are very helpful to gain in-depth knowledge about the candidate, such as their skills, strengths, and talent. These details are very crucial when you hire someone and give them roles and responsibilities. 2. Set an Achievable Target The objective should play the main role in your strategy. Every team member should be clear about the objective for which they are putting in their efforts. They should be clear-headed and know what are the short-term and long-term goals they have to achieve. Before setting any deadline discuss it with your team and include every team member in the brainstorming. 3. Provide Valuable Feedback It is one of the important ways to motivate and help your employees to develop personally as well as professionally. Sincere praise boosts their morale and helps them to work more dedicatedly. Any negative feedback helps them to understand the areas where they are lacking and the scope for improvement. Make the feedback process two ways. Always ask your team members if they want to give any valuable suggestions to you regarding your leadership or any other related to your work. 4. Maintain Open Communication and Transparency There is a channel of communication that is unbiased and employees can feel free to discuss their problems or any challenges faced by them. It is very helpful to have such as channel where you can even share your personal problems with professionals. This helps to reduce stress and increases productivity. Being transparent removes all the barriers that may affect communication negatively. 5. Delegate the Work Delegating some of the important projects to team members as it helps to build their confidence and highlights your trust in them. It plays a major role in building trust and a healthy relationship between you and your employee. Be in a loop and assist them in the work that provides them confidence that you have their back and want them to learn and grow more. 6. Resolve the Team Issues as Soon as Possible When different people with different mindsets and with different working styles work together there may be chances of a conflict. The team should work together but differences may impact teamwork. So as a manager or a leader it is necessary for you to resolve the conflicts as soon as possible and try to ensure that such things won’t happen again. Organizational issues and conflicts cannot be solved by them. You need to step in and find a solution to the problem then and there only. There are some small things that are ignored in an organization sometimes but it is an important quality or role of a leader or a manager. Some of them are to keep positive vibes in the organization, celebrate the wins as it motivates the employees, motivate and cheer your team, and organize events that can hold up on your team. There are so many other ways that can help you to manage your team effectively. You just need to find one which suits you best. Conclusion: Being a leader or a manager just not gives you a position it comes with a lot of responsibility and with an opportunity to lead your workplace which you dreamt of. The team is one of your resources that helps you to achieve the objective so it is very important to manage the team effectively. Effective team management increases productivity and ensures your business growth. Make your team your family and witness the moment both will grow together with each other’s support.

April 29, 2017
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