June 28, 2013 By Teri Beckman 2 Comments Europeans have been studying what personality traits help business people manage change and generate higher profits. It turns out almost all strongly held personality traits actually inhibit people from being able to work successfully with change. The professor’s results show that “teams with markedly strong personality traits were more inflexible than teams with less strong traits”, and therefore had less ability to adapt to change. He reports, “This became a significant problem for the management teams during the three-year period. Within a Skillful Means framework, strongly held traits may indicate an imbalance within individuals which becomes a liability to organizations as individuals struggle to manage change. Indeed, the study found the stronger the personality trait, the stronger the tendency to act on personal preferences and not adapt to the situation at hand. Go here to learn how other organizations have used Skillful Means methods to learn to work effectively with change. If you are solo-preneur, keep your eyes out for a local training in North Carolina this summer.   If you will be in Asheville July 28th join us for a workshop to transform stress and re-direct that energy into building a thriving business.
3. Skillful Means books can also be an excellent resource for you as develop skills in problem solving and dissolving stress to support your ability to manage change and make your organization more financially sustainable.
Experienced project managers know that change is inevitable and there are many consequences of failing to manage project changes. Contractual changes: Changes that are made on the contract with the stakeholder or supplier.
Every organization has its own way of doing things and in most cases structured processes are available.  You need these organization process assets that may or may not have formal procedure for impact analysis. Scope: Determine the impact on the overall scope of the project, Work Breakdown structure (WBS), Product Breakdown Structure (PBS) and Resource Breakdown structure (RBS).
Cost: Identify any changes that need to be made to the cost management plan and the overall financial plan. Schedule: Your project needs to be completed within time otherwise you are invariably going to incur cost overruns because the project schedule is linked to scope and cost.

Your various project activities are interwoven by complex successor relationships.  Identify other tasks that are dependent on this change being approved. Identify and list all the changes that would need to be made to the project procedures description or to the project decision structure. Implementation of change management also equally important and things may go wrong if a project manager fails to properly implement change management.
Also another important factor to remember is that the impact analysis for multiple change requests may not reveal hidden costs. This work is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License. Further he found managers with both of these qualities achieved better profitability for their companies and businesses than individuals in whom these traits were relatively weak. There are many benefits of managing changes properly such as increased stakeholders’ satisfaction, improved quality of the project deliverables, opportunities for the additional project work etc. There are basically three types of changes that need to be addressed in order to ensure a project success. When a change request is made, you as a project manager need to analyze the same in order to evaluate whether it is within or outside the scope of the original project requirements as well as how it is going to impact the three constraints of your project namely scope, schedule and cost.  Impact analysis is the most important step to effective change management procedure. Estimate the time required to define and plan the proposed solution and the time required to implement the proposed changes. Also determine the predecessor relationship and prioritize the tasks that must be completed before this change is implemented.
Identify all the risks qualitatively and quantitatively the project is facing or will face in the future due to this change. Identify changes that would need to be made to the communications management plan, the project quality plan, the risk management plan, the technical environment plan and overall the project management plan.
He has experience in teaching Scrum practices to multiple groups that evolved into agile teams delivering quality software.
This just underlines the value of stress management and the importance of the skills you teach. Determine the business need for this change and how the change is going to benefit the project, the process, the work product, the quality, the stakeholders and the organization.  Also review the Change Log to determine if the amount of change is excessive on the project.

Follow your organizational process assets and procedural guidelines to document reports of the impact analysis. It is a fusion of different media styles, different topics, different formats and different sources. It is a pity such skills are not yet widely taught as most people would benefit by having some stress management tools in their toolkit.
Many times new features are added to the project with a wrong assumption that one small feature will add nothing to cost or schedule. Similarly like scope, you also need to identify any changes that need to be made to the agreement with the customer or any vendor or subcontractor.  If subcontractors are involved, determine whether the change is going to impact the subcontracting cost.
When the change request is approved by the change control board, the change order is created. Refer to your organizational process assets and guidelines to ask for the additional cost or price for the change from the procurement department. Identify the project documentation, including the project management system documents, which must be changed or updated to reflect the approved change. Your impact analysis report also should highlight the financial benefit to the project and the financial benefit to your organization.
In order to show the changes to work items or completion dates, update the project management schedule, operational schedule, and the work breakdown structure. Most of the change request is associated with changes to the scope and in such scenario update the project definition, deliverable definition, or other documents that control the project scope.

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