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Dacey Rankins

added blog Business
2025-01-17 16:51:24 -

How can companies prepare for potential crises?
In an increasingly volatile world, companies face numerous risks that could disrupt their operations and damage their reputation. Whether it's a natural disaster, a cyberattack, an economic downturn, or a public relations scandal, potential crises can strike at any time. The key to minimizing the impact of a crisis is preparation. By proactively planning for worst-case scenarios, companies can...

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Dacey Rankins

added blog Business
2025-01-17 16:49:33 -

What are the stages of crisis management?
Crisis management is the process organizations use to prepare for, respond to, and recover from unexpected events that can negatively impact their operations, reputation, or bottom line. Effective crisis management requires careful planning and a systematic approach to minimize damage and ensure a swift recovery. Understanding the stages of crisis management is essential for creating a...

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Dacey Rankins

added blog Business
2025-07-11 19:57:06 -

What Could Go Wrong? Identifying Risk Factors and Planning Mitigations
Every project, regardless of size or complexity, carries an element of uncertainty. Identifying what could go wrong and understanding potential risk factors early in the project lifecycle is critical to minimizing disruptions, avoiding failure, and improving the chances of success. A structured approach to risk management helps teams stay proactive rather than reactive. What Could Go Wrong?...

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Dacey Rankins

added blog Business
2025-07-14 15:18:49 -

What If Scope or Requirements Change Mid-Project? Handling Scope Creep: Assess Impact, Communicate Changes, Update Plan
In an ideal world, project requirements stay fixed from start to finish. But in reality, change is inevitable—whether due to evolving customer needs, market conditions, technical discoveries, or stakeholder feedback. The key challenge is how to manage these changes without derailing the entire project. This is where understanding and controlling scope creep becomes critical. What Is...

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Dacey Rankins

added blog Business
2025-07-05 18:39:38 -

What is Decision Analysis?
The Use of Decision Trees and Quantitative Methods for Evaluating Choices Under Uncertainty Decision analysis is a structured, quantitative, and systematic approach to making decisions, especially in complex and uncertain situations. It combines statistical tools, mathematical models, and logical frameworks to evaluate different courses of action and their possible outcomes. The ultimate goal...

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Dacey Rankins

added blog Business
2025-07-11 19:45:19 -

What Resources (Time, Money, People) Are Available? Assessing Constraints and Allocations Early On
Successful project execution starts with a clear understanding of the resources available—time, money, and people. These core elements define the scope, shape the timeline, and ultimately determine the feasibility of your goals. Early assessment of resource availability is critical for planning, prioritizing, and mitigating risks. Time: The Non-Renewable Asset Time is often the most...

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