Context Setting

Most crises are often, at their core, also a resource problem. However, let’s look at it from another angle: it’s a problem of too many workers pursuing scarce work. To remedy this, you either need to bring in more projects or reduce the number of employees. For this reason, as we see today, good project management is especially vital during a crisis. 

Objective

• The perspective required to make cost decisions. 
• Introduction to economic models that facilitate calculation of cost vs. returns. 
• Analyse stakeholders from project perspective. 
• High stakes, uncertain situations!! Difficult conversations are unavoidable and necessary too. 
• With practice they can be dealt effectively and towards amicable resolutions. 
• The much required psychology & outlook to adopt that further enhances mutual cooperation. 

Key Takeaways

• The Fundamental Reason that Business Thrives
• Crisis Management Maturity Model

            -Preemptive Crisis Management

            -Proactive Crisis Management

            -Responsive Crisis Management

            -Reactive Crisis Management

• The Visible Cost v/s The Real Cost

            -Total cost of ownership

• Understanding the control account structure

            -Cost Centre

            -Profit Centre

• Feasibility Analysis Economic Models

            -How to calculate payback period

            -How to calculate net present value

            -Cost Benefit Analysis

• Review Stakeholders

            -Review stakeholders performance

            -Review stakeholders relations

• Roles and Their Boundaries
• Resolution Process
• Crucial Conversations

            -Indicators

            -Managing Difficult conversations

Participation Fees

Who Should Attend / Target Audience

Coordinator