What is Project Risk?

What is Project Risk and How Can You Manage it Effectively? The definition of project risk from the Project Management Institute is “an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives.”   So often we only think...
Risk Management: You can’t manage a secret

Risk Management: You can’t manage a secret

You Can’t Manage a Secret – Risk Management in Construction Projects is No Exception We often think of risk management as primarily a technical project management discipline, but the last decade of research from the Construction Industry Institute (CII) paints a very...

Canada: Innovation and Innovators

This week Valency had the opportunity to take part in a forum run by Public Works and Government Services Canada, focused on supporting Canadian innovation and innovators. The Build In Canada Innovation Program (BCIP) If you’re not aware of it already, the Build...
Not Bad for a 2-Hour Meeting!

Not Bad for a 2-Hour Meeting!

ROI of a 2-Hour Meeting Imagine what your leadership would say if you told them you could achieve 16% cost savings and 15% schedule savings on your next project, just by holding a 2 hour meeting? I just read a nice article from McKinsey on how chemical companies can...
Better Projects through Team Alignment

Better Projects through Team Alignment

Achieving better projects through team alignment. What is Team Alignment? Managing projects is challenging. My first hand experience has been that the most challenging aspects of project management are more behavioral than quantitative. Proper team alignment, starting...
Front End Planning on Renovation and Revamp Projects

Front End Planning on Renovation and Revamp Projects

Front End Planning on Renovation and Revamp Projects: Managing a project can be challenging during the best of times. This challenge is increased when modifying or renovating an existing facility. Renovation and revamp projects focus on an existing facility, and can...
Al Capone, an LRT and a Corduroy Road

Al Capone, an LRT and a Corduroy Road

Anytime you start to dig, there are risks that you might discover something that will delay a project. Today as I exited our office to take an afternoon walk I was reminded of how important an assessment of site conditions is during front end planning. While you can...