The Power of Managing By Exception to Control Project Variations

5 Minutes Podcast with Ricardo Vargas

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7M ago 3:45

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In this episode, Ricardo talks about "management by exception" in PRINCE2 methodology, which encourages communication and action only in exceptional cases, saving time on routine updates. As an example, meetings are only called when there is a significant delay, a cost overrun, or a risk that is about to happen. Teams can focus on project work when communication is streamlined. Ricardo accentuates project success over meticulous management processes. "Management by exception" can be used with both Agile and waterfall methods, which makes project discussion more efficient. Ricardo suggests using it when making project communication strategies, highlighting the benefits of time savings and increased focus for the team.

Listen to the podcast to know more.

*PRINCE2® = PRojects in Controlled Environments

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#Project Management #Risk #Risk Management #Capm #Ipma #Ricardo Viana Vargas #Business #Careers #PMI #PMP #Portfolio Managers #Program Managers