Archive for February, 2008
4: The Uncertainty Principle
If you’re asked to estimate the time it will take you get from somewhere you’ve never been to another place you’ve never been either, how accurate would your estimate be? So it is with many project estimates – they’re based on too little knowledge and too much uncertainty.
Any later adjustments to your estimate would be [...]
3: The Value Gap
In the physical world it is easy to see and be wary of a ‘gap’.
However, in the project world the ‘gap’ that exists between what projects deliver and what is required to realize the benefits and value is most often neither seen nor acknowledged.
Hence the continuing frustration with the lack of value generated from projects.
This [...]
2: The Value Equation
Benefits management is still a ‘hoped for’ element on most projects. Recent research found less than 30% of companies actually try to measure their projects’ benefits (yet getting the benefits is why projects are commissioned in the first place)
One major reason for this is the lack of a clear visible link between what the [...]
1: The Infernal Project Triangle
Happy new year to all our VDM readers.
We start this year with a series on “10 Critical Models for Governance Teams” – 10 key project dimensions you need to understand to be effective.
We start with “The Infernal Triangle” – the key levers you may need to adjust to deliver your project and the ramifications of [...]
Why poor governance will ensure poor project performance
A project manager can deliver a project. Even then, he or she is dependent on the cooperation of the business to make the right staff available for the project at the right time and for the right duration. The Project Manager does not run the business and so cannot compel staff’s cooperation or involvement.
So, one [...]