VUCA
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== Abstract == | == Abstract == | ||
| + | [Hello reviewer! This comment in [] are not part of the wiki article, but to you directly. Correct referencing is still missing along with a short summery of the sources used, which I am aware of. Graphics has not been made yet, but to explain the VUCA concept I’ll implement a figure like this: shorturl.at/vEW07. I am curious to which other parts of the article it would be helpful to have models/figures/graphics? I write about VUCA in general, for projects and risk assessment, practical tools methods to use for project management but also VUCA regarding leadership in general, is the distinction between these clear enough in the article or is it confusing as of now? Especially since there is quite a similarity between what is written in ‘VUCA Prime’ and ‘Dealing with XXX’. Those are my own remarks – looking forward to all other feedback you might have!] | ||
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| + | VUCA stands for the concepts of volatility, uncertainty, complexity and ambiguity. Each concept can be considered a characteristic which can be used to help describe and understand the environment in which projects take place. Understanding the context of project is crucial in an ever-changing world where it is impossible to separate a project from the social environment in which it takes place. These four parameters will be explained in depth along with how to manage the challenges, these different parameters pose in an environment in which they are present. VUCA Prime (vision, understanding, clarity and agility) will also be presented as a counterbalance to the concepts of VUCA, which is a leadership perspective to dealing with VUCA. The concepts of VUCA can help project managers understand the context of their project and the most appropriate approach to navigate in and manage the project risks, as an addition to the traditional way of assessing project risk by primarily using likelihood and impact. The VUCAlity of projects will be presented as a tool help identify how the different parameters score for a given project, which will help project managers understand the environment their project and its associated risks are taking place. | ||
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== Complexity == | == Complexity == | ||
Revision as of 22:13, 20 February 2022
Contents |
Abstract
[Hello reviewer! This comment in [] are not part of the wiki article, but to you directly. Correct referencing is still missing along with a short summery of the sources used, which I am aware of. Graphics has not been made yet, but to explain the VUCA concept I’ll implement a figure like this: shorturl.at/vEW07. I am curious to which other parts of the article it would be helpful to have models/figures/graphics? I write about VUCA in general, for projects and risk assessment, practical tools methods to use for project management but also VUCA regarding leadership in general, is the distinction between these clear enough in the article or is it confusing as of now? Especially since there is quite a similarity between what is written in ‘VUCA Prime’ and ‘Dealing with XXX’. Those are my own remarks – looking forward to all other feedback you might have!]
VUCA stands for the concepts of volatility, uncertainty, complexity and ambiguity. Each concept can be considered a characteristic which can be used to help describe and understand the environment in which projects take place. Understanding the context of project is crucial in an ever-changing world where it is impossible to separate a project from the social environment in which it takes place. These four parameters will be explained in depth along with how to manage the challenges, these different parameters pose in an environment in which they are present. VUCA Prime (vision, understanding, clarity and agility) will also be presented as a counterbalance to the concepts of VUCA, which is a leadership perspective to dealing with VUCA. The concepts of VUCA can help project managers understand the context of their project and the most appropriate approach to navigate in and manage the project risks, as an addition to the traditional way of assessing project risk by primarily using likelihood and impact. The VUCAlity of projects will be presented as a tool help identify how the different parameters score for a given project, which will help project managers understand the environment their project and its associated risks are taking place.
Complexity
According to XXX, parameters that can increase the potential negative effects of uncertainty in a project are:
Ambiguity
Application - VUCA meter questionnaire
Presentation of the VUCA matrix and questionaire and how it can help to identify the nature of the environment of a given project.
Bibliography
Key references identified for this wiki article:
Szpitter, A., & Sadkowska, J. (2016). Using VUCA matrix for he assessment of project environment risk. Zarzadzanie i Finanse, 401-413.
Fridgeirsson, T. V., Ingason, H. T., Björnsdottir, S. H., & Gunnarsdottir, A. Y. (2021). Can the “VUCA Meter” Augment the Traditional Project Risk. . Sustainability 2, 1-13.
Çiçeklioğlu, H. (2020). VUCA Concept and leadership. I G. Mert, Management & Strategy (s. 229-244). Istanbul: Artikel Yayincilik.
