Since every project is different, the tools for dealing with uncertainty are very important for successful completion of projects.One way to deal with it is to reduce uncertainty bymaking sure you define the scope of the project as clearly as possible,make sure you understand what work needs to be done within each task in the project's scope, andmake sure you understand the resources and time required to complete each task (Thompson, n.d.).Once you have reduced the uncertainty as much as you can, then you employ risk management techniques to deal with the remaining uncertainties.Here's an outline of the processes of risk management (CPD, 2014).

Identify the risks.What could go wrong?

Analyze the risks.What would the consequences be?

Evaluate or Rank the Risk. What is the likelihood of the risk occurring (high, medium or low)?How do the consequences affect your project?Would it be a high, medium or low impact?Then rank the risks from high-high through low-low.

Treat the Risk. Decide how you will avoid the risks, how you will mitigate the effects if the risks occur, or if you are willing to live with the risk.

Monitor and Review the risk. Carry out your risk avoidance and mitigation plans, watch for signs any of the risks are occurring, and be ready to respond if they do.

If you are still uncomfortable with the level of uncertainty, but remain committed to the project, consider using agile methods, so that you build into your project execution the ability to change with changing conditions (Thompson, n.d.).

References

CPD, 2014. What are the 5 Risk Management Steps in a Sound Risk Management Process? Retrieved from https://continuingprofessionaldevelopment.org/risk-management-steps-in-risk-management-process/

Thompson, K. n.d. How Uncertainty Works. Continuing Professional Development CPrime. Retrieved from https://www.cprime.com/2010/02/how-uncertainty-works-by-kevin-thompson-phd-pmp-csp/

Prompt: This last engagement for the course is a "team" modality so I ask for you to return to your team-mates:

QUESTION

Top two "finds" or discoveries in your project research including one key source/reference

Top "challenge" with your project

What concepts from this course will now be in your dissertation research possibilities? What topics do you want to continue to research/pursue in next courses or dissertation?