November 29 2024 at 04:00AM
PMI South Africa Chapter 2024 Final Event Recap
Key Moments
Leadership Insights
Chapter President Tunde Ojo-Aromokudu provided critical updates:
- Transition to single PMI membership status
- Annual general meeting and election process details
- Mentorship program developments
- Construction Professional (PMI CP) course highlights
Webinar Deep Dive
Uncertainty Unpacked Quinton van Eeden delivered a keynote address on navigating project complexities, revealing:
- Understanding Uncertainty: The webinar delved into the fundamental difference between risk and uncertainty, highlighting the challenges posed by the latter.
- The Role of Behavioral Economics: The session explored how cognitive biases can influence decision-making, and how to mitigate their impact.
- Decision-Making Techniques: Attendees learned about practical techniques such as risk analysis, decision trees, and structured expert judgment (SEJ).
- Real-World Applications: Quinton van Eeden shared real-world examples of how these techniques can be applied to complex projects, such as the 2022 World Cup infrastructure projects.
The Importance of SEJ
Structured Expert Judgment (SEJ) was a key focus of the webinar. SEJ is a valuable technique for quantifying uncertainty when data is limited or unavailable. By leveraging expert opinions, SEJ can help project managers make more informed decisions.
Conclusion
The webinar provided a comprehensive overview of decision-making under uncertainty, equipping participants with the tools and knowledge to navigate complex projects with confidence. By understanding the nuances of risk and uncertainty, project managers can make more informed decisions, mitigate risks, and ultimately achieve project success.
The session symbolized the PMI South Africa Chapter's commitment to continuous learning and professional growth.
Why This Matters
In an era of constant change, understanding how to make decisive choices under uncertainty is not just a skill – it's a professional superpower.
Final Thought: Projects don't just happen. They are carefully navigated through the landscape of uncertainty.
