Project Management in VUCA world
What do you mean by VUCA world, let's understand this concept. VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity. This concept was introduced by the U.S. Army War College in 1987 defining the post Cold War turbulence, the term has become central to organizational strategy and leadership discussions. VUCA concept is applicable to all leaders, organizations and different areas which focuses or the need of a gility, emphasizes more on strategic thinking to deal with organisations dynamics. Volatility : Unexpected or unpredictable , random, rapid changes in environments and markets. Uncertainty : Unknown situations, where we lack clarity about the present or future. Complexity : Interwoven connections impacting or influenicg each other and stakeholders creating convoluted cause-and-effect situations. Ambiguity : Chaos or confusions, where information is unclear and difficult to interpret. In a VUCA context, if we follow a traditional methodology in project management ...