The Use of Knowledge in Planning Projects – Shrikant

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Abstract: In the Nuclear Power Industry a culture of sharing historical experience is mandated which helps avoid the pitfalls experienced by others. If logic were a guide, the rigor, the discipline, the sharing of experience and learning from mistakes should all lead to better planning. This does not hold true in the marketplace, a constantly evolving entity with new concerns, new knowledge and new technologies. The problem is one of knowing what knowledge is needed and how to acquire it from the marketplace.

Friedrich August von Hayek (1945) postulates that in the marketplace, people—through the facilities of communication available to them—come to resolution of concerns and issues with the formation of a rational order which ensures the best use of available knowledge in society. This paper explains how Hayek’s discourse on the use of knowledge in society is tied to the planning and execution of projects and lays out an approach to the creation of a rational order through story-boarding. This paper presents how story-boarding can capture the very essence of Hayek’s inquiry into how planning is conducted and how different kinds of knowledge, habits of thought and the use of the facilities of communication within the marketplace influence the creation of a rational order. It provides an insight into the influencing elements as well as Hayek’s key contribution, the price system. The price system helps solve problems in the marketplace through actions by ordinary people driven by Habits of Thought and at times by the Man on the Spot endowed with special knowledge of situations and circumstances. The paper points to examples of success and failures in projects and to work by other scholars who have contributed to the management of knowledge in the Industry as it lays the groundwork for Story-boarding.

PMI Talent Triangle: Technical Project Management

Changing the World One Person at a Time – Reeson

After a year’s research across the width and breadth of the United Kingdom, a report was issued by Mark Reeson to the Secretary of State for Housing to identify the ongoing problem for homelessness in the cities of the UK. On the back of this research across all four countries, a solution was developed to be implemented into the Mayoral cities so that local authorities had the opportunity to improve the lives of thousands of individuals currently in temporary accommodation or living rough.

The presentation looks at the areas and methods of research and the interactions with the various bodies of stakeholders, both affected and affecting the current state of affairs and how the solution was developed by looking at the people that can and do make a difference for a better future for so many worse off than others.
Mark will take you on the whole journey, from initiating the idea, through to the roll out of the plan, its acceptance into government and then the extended impact it had as the report reached all points of the globe as further requests for support and assistance came in.

The delegates will be engaged from the first minute to the last on how the change process was applied to stimulate the change, how the various bodies chose their own forms of communication and how they shared the news internally and externally with their own community stakeholders to ensure they made a real difference.

PMI Talent Triangle: Strategic and Business Management