AIM Archives - Tag: transformational project

Take these 5 steps to de-risk your big, scary project.

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It’s easy to take the anxiety out of high-stakes projects: 1. Brainstorm all assumptions that must be true for your project to succeed. 2. Have each team member vote on “certainty” & “impact” for each assumption. 3. Debate & consolidate votes as a team. 4. Develop a plan to investigate high-impact, low-certainty assumptions. 5. Drive each assumption from uncertainty to certainty. If an assumption is not true, it’s a project-killing “landmine.” Find it early, celebrate… and start your next project.

To see how this is done, view the video at Project De-risking with Minesweeper

Apply the FAQS approach to your high-stakes project.

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If your big project is successful, it will be because the assumptions it rested on were true. But when you start your project, you don’t know what is and is not true. Think of 4 factors in descending certainty: 1) Facts (we know what we know.) 2) Assumptions (we know what we think.) 3) Questions (we know what we don’t know.) 4) Surprises (we don’t know what we don’t know.) To “de-risk” your project, lay these out at the beginning of your project… and then drive each from uncertainty to certainty.

To see how this is done, view the video at Project De-risking with Minesweeper

Consider 3 “landmine principles” in your high-stakes projects.

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A landmine is something that could blow up your high-stakes project. Consider 3 points: 1) Landmines pose a greater threat in unfamiliar terrain, so be extra careful outside your core. 2) We don’t like to think about unhappy thoughts–like landmines–so be diligent in investigating assumptions that could become landmines. 3) No one steps on a landmine they can see. So the team’s first job is to make all assumptions visible… and then determine which might be a landmine.

To see how this is done, view the video at Project De-risking with Minesweeper

Does the Ansoff Matrix make you think… “high risk”?

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You know this 2×2 matrix: Projects in familiar markets & technologies are in the lower-left corner… the “core.” Most companies think projects outside this core are “risky.” But you can’t assign a level of “risk” because that requires assigning a probability of failure.  And you simply don’t know enough to do this. All you can say is you are “uncertain.” Good news: Uncertainty can be resolved by laying out all your assumptions and investigating each to drive it to certainty.

To see how this is done, view the video at Project De-risking with Minesweeper

“Hey… how are we going to kill our project today?!”

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This is what Astro Teller—the head of Google X—used to cheer with his teams. He went on to explain, “We spend most of our time trying to prove we’re wrong.” Is that how your company looks at big, transformational projects? Or do you associate a killed project with personal failure? Much better to lay out all the assumptions of “what must be true” for your project to succeed. Then go on a team “hunt” to find any that are not true. Find one? Celebrate and move on to the next project!

More in video at Project De-risking with Minesweeper

There’s no need to fear the “suicide quadrant”.

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This is what product developers call the Ansoff Matrix quadrant where you pursue an unfamiliar market with unfamiliar technology. A great place to kill your career. But you can enter it with confidence when you apply new methods for de-risking transformational projects… moving from uncertainty to certainty to defuse potential “landmines.”

More in article, De-Risking Innovation: How to Thrive in the Suicide Quadrant