AIM Archives - Tag: R&D project

If your R&D looks like a black box to management, you’ve probably noticed that their patience can run out rather quickly. But when you de-risk projects transparently with management, they are much more tolerant of unavoidable delays and setbacks.

You do this in three steps: 1) Generate assumptions… possible landmines that could “blow up” your project. 2) Rate assumptions… for likely impact and certainty. 3) Investigate assumptions… especially high-impact, low-certainty assumptions. This 2-minute video explains the process: How to pursue transformational projects.

More in article, How to de-risk projects and overcome management doubt.

1) Everyone on the leadership team—HR, Finance, Legal—understands your project de-risking plan and progress. 2) Because you’ve explained potential landmines early, management is confident you aren’t “hiding something.” 3) Management sees you’re investigating critical assumptions fast and cheaply, so they don’t second-guess or micro-manage. 4) When it’s time for investment decisions, they are made quickly and wisely… because these leaders have been on the journey with you. (See 2-minute video, How to manage transformational projects.)

More in article, How to de-risk projects and overcome management doubt