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 is a practicing Professional Engineer (APEGA), a PMP (PMI), a CCP (AACE) and a RMP (PMI). He has published more than 100 articles. He is the author of the book Risk-based Management in the World of Threats and Opportunities: A Project Controls Perspective He studied at Batangas State University and University of Batangas graduating with a Diploma in Petroleum Refinery Maintenance Technician (1979), Bachelor of Science in Mechanical Engineering (1984), and Bachelor of Science in Management Engineering in 1987 respectively. He was in his senior year taking up Bachelor of Science in Electrical Engineering, needing only one semester to complete, when he took a break to concentrate on married life. Rufran has never stopped academic learning after getting his degrees in the University. He continues his education by taking up some MBA courses under the University of the Philippines-PBMIT Consortium (1987-1988). He completed Computer Technician Program at International Correspondence School, Pennsylvania, USA in 1994, Applied Project Management Certificate program at Southern Alberta Institute of Technology in 2009, and Professional Management Certificate program specializing in Construction Management in 2014. He is now completing the Professional Management Certificate program specializing in Risk Management. He was a recipient of the Gerry Roxas Leadership Award (1976) and the American Field Service (AFS) Scholarship in 1976-77, studying in America for a year. Upon his return in 1977, California-Texas Philippines (Caltex Philippines Inc.), one of Asia’s biggest oil and gas refineries at the time, awards him with a two-year national college scholarship, specializing in Petroleum Refinery Maintenance. He went on extensive training in various maintenance disciplines for the next two years. Caltex hired him upon his graduation in 1979. He has spent more than 38 years of his life working in the Oil & Gas, Petrochemicals, Oleo-chemicals, Sugar Refining/Manufacturing, Consultancy, High School and University Education industries in 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, St. Bridget’s College, JG Summit Petrochemicals, Halliburton-Kellogg, Brown and Root, and OPTI Canada. He works with Suncor Energy Inc at present. He has wide range of expertise that includes problem solving, project management, training and mentoring, programs and projects planning and scheduling, cost management, risk-based management, construction management, project review and auditing, estimating, engineering and design, fabrication and module management, maintenance, operation, material selection, warehousing, EH&S and reliability engineering (predictive and preventive maintenance). He wants to share his knowledge and leave behind some form of legacy to all specially his wife, children and 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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