Christopher Global

Volatility is a measure of "dynamic rate of change", which refers to change control and change management (PMI, 2022). It has a direct impact on adoption for product and program managers. Using volatility, you can determine how fast a product is adopted, implemented, or accepted in a culture, group, or environment.

Volatility is challenging because often product and program leaders are powerless to control some elements of change (adoption, implementation). While many small environments don't adapt quickly, others do. This also applies to large organizations. What can you do as a leader to influence this metric to work to your advantage?

Focusing on change management and risk management activities is the key to success. How quickly are you calling out and addressing resistance?

Volatility is impacted by both tangible and intangible resistors of change. Management of risk heavily influences volatility. Your product and program delivery lifecycle must be proactive in managing change and risk to manage volatility.

Reference

Project Management Institute. (2022, December). VUCA– Volatility, Uncertainty, Complexity, and Ambiguity. https://bit.ly/3Tl9Kq0