Risk Analysis Archives - Converging 360
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Business Analysis

LEADERSHIP AND DECISION MAKING IN THE ERA OF MAN-MADE RISK

ORGANIZATIONAL RESILIENCE AMIDST CLIMATE CHANGE, CYBER RISK AND TERRORISM

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Leadership and decision making are at every level of the organization. We project professionals often find ourselves in a tough spot when we have to make decisions and rely on our leadership skills to get us to the finish line.

We’re expected to be well informed, resilient, on our feet and always look one step ahead. It’s pretty much a balancing act when we juggle our data and processes while using our skills. But like any performer we have to practice ahead of time.

Our decision making agility is being tested on a daily basis, when do we rely on data and AI? Do we implement new processes? Do we go with our gut feeling or not? To top it all off, we’re not alone, but work in an internal and external environment that we have to understand in order to navigate.

We’re always asking ourselves if we made the right decision and the answer in most cases is that we did the best we could at that time, given the information we had, the time constraints, resource constraints etc. But we have so many great techniques and tactics at our finger tips to help us with our decision making and better connecting us to decision making processes in the organizations.

Where Business Analysis Skills are Used

AnalysisWho uses Business Analysis Skills and what is Business Analysis? IIBA® (International Institute of Business Analysis)™ defines the discipline of business analysis as “the practice of enabling change in an enterprise by defining business needs and recommending solutions that deliver value to stakeholders.” The definition describes work which could be performed by almost any employee in an organization. Anytime an employee puts an idea in the suggestion box, it is possible they analyzed a need and are recommending a solution.

The Procrastination Penalty

Analyze Why You Procrastinate
The Procrastination Penalty
I generally don’t procrastinate― in fact, I often do things too early and end up reworking a bit when circumstances change. But when I do procrastinate, I become very frustrated with myself for letting something go that could have been done earlier under less time pressure. So why do we procrastinate? I have analyzed my delays and usually find when I dread doing a task (like paying bills or preparing taxes), I procrastinate. People also procrastinate when they are unsure about how to do a particular task. It is okay to procrastinate as long as you know why you delaying and have performed risk analysis.

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