Conducting Project Analysis: Using PIRCAD Approach Part 1

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Faced with a question on how one would analyze a problematic situation on the spot without going to any existing analytic templates and guidelines, the PIRCAD approach was born. The acronym is odd sounding but easy to remember.

It simply translates to Problems, Issues, and Risks must be Categorized and Analyzed to come up with a Decision. Regardless of what method used, and as far back as one would probably remember; this is exactly what you will gravitate to in the course of your problem solving exercises, PIRCAD. There are no distinct lines dividing each process. They overlap and repeat themselves in a seemingly continuous iteration reflective of the cycle until the desired result becomes acceptable, as the way to go.

The approach is a simplified one that touches on the basics. It is about making a useful analysis and coming up with a report that the recipient can better appreciate and understand. It is useful in helping the responsible leader make the right decision. It is also applicable to assessment exercises done periodically or on a fixed cycle. The methodology prevents a report from being too customized and insignificant.

The attributes of good analysis is in the heart of PIRCAD. All the PROBLEMS and ISSUES imbedded in the situation considered must come from high quality data. Less assumptions, more facts, and reliable references makes up a better analysis to come up with subsequent good decision. An analyst has to feel the beat of the business and being able to note the point of concerns (Figure 1).

An analysis makes sense only when it answers or addresses the goals, the questions on the table. What is the use of providing all the answers to questions not asked? That might be a waste of time and effort. Few leaders will appreciate such a report. This is why one pertinent quality of a good analysis is meeting purpose and objectives.

Organizations faced with problems and issues should not jump blindly into its midst trying to solve them at face value. As long as it is not life threatening, organizations have to observe a time gap to think, to do a PIRCAD. Prudence will save these organizations valuable resources and unnecessary commitments.

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We will look at PIRCAD closer in Part 2 of this article. Follow the link below:

Conducting Project Analysis: Using PIRCAD Approach Part 2

Rufran C. Frago – Author (090815)

Other articles authored by Rufran Frago:

  1. Risks Surrounding Canada’s TFW Part 1
  2. Risks as a Function of Time
  3. Project Schedule: P50, Anyone?
  4. Changing the Culture of Your Organization
  5. A Person Perceives Others Based on His Own Interest
  6. How Can Management Motivate and Empower?
  7. How Can Managers Increase Leadership Effectiveness
  8. Risks Surrounding Canada’s TFW Part 2
  9. Scaffolding Hours: What are they? Directs or Indirects? Part 2
  10. Oil Price, Recession: Causes, Issues and Risks

ANNOUNCEMENT! The paperback and Kindle edition of the book “Risk-based Management in the World of Threats and Opportunities: A Project Controls Perspective” are now available. Please follow the hyperlinks for more information.

The book provides new/additional knowledge to project management practitioners (beginners to experts), risk management specialists, project controls people, estimators, cost managers, planners and schedulers, and for students of undergraduate courses in Risk Management. The sectional contents offer practical and common sense approach to identifying/managing risks. It is a must have for company managers, directors, supervisors, aspiring industry professionals, and even those students fresh from high school. The material is especially design to start with the foundational principles of risk gradually bringing the reader to deeper topics using a conversational style with simple terminologies. Check it out!

062215-Book Cover (Hero) Small 1

https://youtu.be/wxWgYUhiWos

Source: Frago, R., 2015.Risk-based Management in the World of Threats and Opportunities: A Project Controls Perspective

https://www.amazon.com/author/rufrancfrago

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About rcfrago

Rufran C. Frago, P. Eng., PMP, CCP, PMI-RMP, is the Managing Director of RBM&S Inc., a young Calgary company focusing on risk-based management consulting services, and online merchandising. He has many years of international industry-related work ‎experience in Oil & Gas, Petrochemicals, Oleo-chemicals, Sugar Refining, Manufacturing, Consulting, and Education. He has worked in various parts of the world (Location: Asia, Middle East, Canada, and North Africa). Rufran has worked with Caltex, Uniman, Unichem (now Cocochem), ARAMCO-KSA, Central Azucarera de Tarlac, Arabian Gulf Oil Company-Libya, Batangas State University, Saint Bridget’s College, JG Summit Petrochemicals, Halliburton-Kellogg, Brown and Root, OPTI Canada, and Suncor Energy Inc. His expertise includes risk-based project management, risk analysis, planning & scheduling, cost management, auditing, maintenance, operation, EH&S and reliability engineering. He is interested in providing solutions and innovations to all clients and stakeholders. Rufran is the author of the books “Risk-Based Management in the World of Threats and Opportunities: A Project Controls Perspective” and "How to Create a Good Quality P50 Risk-based Baseline Schedule" published in 2015 and 2017. Mr. Frago is a Filipino-Canadian risk management practitioner. He studied at BSU graduating with a Diploma in Petroleum Refinery Maintenance Technician, and BS Mechanical Engineering. He was also a BS Management Engineering graduate of UB. He took up MBA courses under UP-PBMIT Consortium. Rufran completed Computer Technician Program at ICS-Pennsylvania, USA, APM Certificate program at SAIT-Calgary, and PM Certificate program-Construction Management. He is presently taking up PM Certificate program-Risk Management at University of Calgary. He was a recipient of the Gerry Roxas Leadership Award, the American Field Service (AFS) Scholarship grant, and the CALTEX scholarship grant where he specialized in Petroleum Refinery Maintenance. The author wants to share his knowledge and leave behind some legacy to all readers, most especially to his wife, children and lovely grandchildren, Eva and Mia.
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2 Responses to Conducting Project Analysis: Using PIRCAD Approach Part 1

  1. Pingback: Conducting Project Analysis: Using PIRCAD Approach Part 2 | Your World, Our Risk Universe

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