The Concept of Potential Problem Analysis The concept of potential problem analysis, which is also known as potential opportunity analysis, is one of the stages in the Kepner-Tregoe approach for the problem-solving process. This concept was introduced to help in analyzing the consequences of a decision in order to identify what could potentially go wrong and to create initiatives that could address the problems or issues once they actually emerge. Generally, the potential problem analysis technique is developed to offer a comprehensive evaluation of a created idea or action so as to predict any probability for something going wrong. Therefore, this concept or procedure helps an individual to expected problems before they take place and to develop necessary measures that could be implemented to prevent the probable problem from taking place or lessen its effect.
Development of Potential Problem Analysis As previously mentioned, potential problem analysis or potential opportunity analysis was developed and introduced by Charles H. Kepner and Benjamin B. Tregoe as part of their initiatives to identify a suitable approach for problem-solving initiatives. Their work culminated in the publication of a book containing the problem-solving approach they had created, which included the
…show more content…
Woods & Davies (2007) states that technologists and scientists have always been involved in efforts to predict what is likely go wrong when dealing with a specific project (p.25). Potential problem analysis is a systematic approach to predict problem and contingency planning for preventing the occurrence of the problem and/or minimize its effect. This systematic approach was developed following the extensive research by Kepner and Tregoe in 1965 towards improving problem solving and decision
The two main issues in this case are the project analysis and financial forecasting. The project should be analyzed before doing the forecasting, because any recommendations on the project will affect financial forecasting for the next two years.
2. Alterative Solutions – Before this class when faced with a problem I would usually go with the first solution that seemed to fix the situation. However, establishing specific evaluation criteria is essential when valuing the merits of a potential solution. If a solution does not fit the criteria, it will not be successful. Judging alternatives through the same criteria allows you to produces the optimal solution and eliminate awful ones. When facing a strategic problem this process will be fundamental in making a
2.)Identify the best decision making model. To identify the most appropriate approach to solving the issue facing Vail Health it is important to identify the factors surrounding the issue to include the time available, the importance of the desired outcome and the alternatives
During the course of this paper, I used the “What if” Analysis. The “What if’ Analysis assumes that an event has occurred with potential (positive or negative) impact and explains how it might come about. Shifts the focus from whether an event could happen/occur to how it may happen. From different points of view, I was able to see both positive and negative results if certain actions were taken. There is an infinite amount of “What ifs” to any scenario. Using the prospective from all parties involved, led to the best decision possible for the situation.
"In the day to day business of organizational life, decision making is seldom the logical, rational, systematic process suggested by the management textbooks. It does not unfold in identifiable stages where a problem is defined, alternative solutions are generated, the alternatives are weighed against a known criterion, and a choice is made (1998, p. 50)."
Problem solving can be a tricky and complicated process. Often times the initial step of identifying the problem and coming up with possible solutions is the hardest part. Businesses, schools, and any team settings around the world use many established problem solving tools and techniques. These range from brainstorming, mind mapping, imagining, and many others. Groups use these techniques to add some order to a potential chaotic experience. One popular tool is known as Force Field Analysis.
Erik Erikson composed a theory of psychological development that was composed of eight stages. Erikson’s theory focuses on how personalities evolve throughout life as a result of the interaction between biologically based maturation and the demands of society. According to Erikson, “Each stage of human development presents its characteristic crises. Coping well with each crisis makes an individual better prepared to cope with the next.” (Zastrow & Kirst-Ashman, 2013, p. 314) According to Erikson’s eight stages of development, I have only been through six of the eight stages.
A good project risk management involves control of possible future occurrence. Project risk management is one of the skill most necessary and an area any project manager has to be competent in, for success in organizational projects. Project risk is an unexpected event that in case it happens hurts the objectives of a project (Whitman, Mattord, 1997). Although every Company must have a project at one time after every few months, in many organizations Project risk management is undeveloped and more attention is put on risk management of the entire firm’s operation. Normally, project risk management is a continuous process meant to identify a problem and a resolution. It includes planning, budgeting, organizing and also cost control. With all this control, surprises are reduced because the emphasis is now on proactive instead of reactive
Define the current situation - break down problem into component parts, identify major problem areas, develop a target improvement goal
Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it will be examined how the decision making process can be followed using various tools and techniques to make successful business decisions by using these same tools and techniques during a thinking critically business scenario. The paper will also discuss how different tools and techniques could have been used to make different, yet still successful decisions.
This paper will reflect on the different uses of Project Risk Management and ways in which it can benefit organizations to have the ability to identify potential problems prior to the problem occurring. Risk, this is not something to be taken lightly whilst dealing with matters that include high end projects meeting specific details, deadlines and expectations for the end client. Project risk management teaches one to be aggressive early on in the phases of planning and implementing the tools for a project. This is usually easier as costs are less and the turnaround time to solve the issues at that present moment is beneficial rather than later. The result in a successful project for one’s self and other key people involved in the process is also another requirement. Stakeholder satisfaction is important because the
Taylor, J. and Ortega, D. The Application of Goldratt's Thinking Processes to problem Solving. Allied Academic international Conference. Las Vegas. 2003
As the first step, identify potential risks plays a crucial role in the risk management process. The core purpose of identifying risk is to figure out causes of risk and analyze result caused by the risks and its probability . Hence, risk identification can begin with the source of problem, or with the problem itself. The chosen method of identifying risk may depend on culture, industry practice and compliance. The identification
The civil engineering field is about gathering and interpreting data, being able to give technical presentations to colleagues, team work to design and build a project, projects range from the design and construction of dams, bridges, buildings, roads, and water supply systems. In most cases the works of engineers are admired and sought after. Engineers play an important role in the development and improvement of a society. Yet, like other technical and non-engineering careers the civil engineers also face issues, for example, regarding ethics, high energy building consumption, increased soil and coastal erosion, inadequate water quality, traffic congestion, and some poor infrastructures resilience to disasters. Another example is that unfortunately in the United Kingdom, the civil engineering industry is highly fragmented with 93% of companies having 14 or fewer employees which is not always a great idea, as written by John Miles in Civil Engineering Informatics. There is also a need to implement new professional and educational approaches to new challenges and new implications that are needed for the twenty-first century society. This paper will introduce and explain five different issues that civil engineers are currently facing and elaborate about how these challenges interrelate to each other.
Identification of the risk can simply be done by doing brainstorming with the team members. As Dr. McCarville said, there is no right or wrong answers. Every input is important and can really affect the process. Other beneficial tool is Fishbone Diagram.