Presentation of group 1 for english subject.ppt

English

1. Presentation of Grou
p 1

2. Volatility
Volatile also means changing, unstable
or fluctuating. For example, price or brand
can be erratic. Even people’s attitudes and
opinions can be different from one day to the
next. The keyword “stakeholder” and the way
it is dealt with is increasingly moving into the
forefront in projects. Dangers that result from
the volatility of the VUCA world are, for
example, outdated information, slow
feedback loops and fear of risks.

3. Uncertainty
It is difficult to plan in detail when
uncertainty and ambiguity are everywhere.
This means having a deal with the
associated risks. How useful can classical
project management be under these
circumstances? The uncertainty of the
VUCA world might mean working with
incomplete information or reverting to old,
“proven” methods.

4. Complexity
The volume of information is always
increasing, and it is no longer independent – all the
information is connected with each other. There
are dependencies everywhere that must be taken
into account. For example, when a business is
active in many different countries with different
regulations or with extremely different cultures.
The complexity of a VUCA world often means that
only the symptoms are treated through short-term
bug fixes or things become stiff because analysis
seems impossible.

5. Ambiguity
In a VUCA world, there is a lack of clarity.
Information has multiple meanings and it can be
difficult to make decision. This situation can occur,
for example, when a business wants to tap a
growing market. In projects, ambiguity can be
found in ambiguously formed requirements. The
inability to gauge the sustainability of events, unfit
measures emerging or wrongly interpreting
information are all risks of ambiguity in VUCA
world.

6. T
HANK YOU FOR
L
ISTENING

7. Quiz:
Instructions: Answer the following questions.
1. What does "volatility" mean in the VUCA world?
2. What are some dangers of volatility mentioned
in the text?
3. What challenge does uncertainty create in
project management?
4. How does complexity manifest in a VUCA
environment?
5. What is a common response to complexity in
projects?

8. 6. What does ambiguity mean in the context of a
VUCA world?
7. What risks arise from ambiguity in project
management?
8. How can ambiguity affect decision-making in a
business?
9. What does the term "stakeholder" refer to in
project management?
10. Why might classical project management
methods be less useful in a VUCA world?