Archive for the “Prioritisation” category
Fast and furious?
by jed simms on December 3, 2008
Academics and others are peddling the line that business is changing so fast that it is pointless setting out on a project of any duration because too much can change in the meantime. So, instead, you’re to focus on defining (…)
Please sir, can I have some more?
by jed simms on June 3, 2008
When considering a request for additional funding there are three types of funds — sunk funds, the ‘money at risk’ (to be spent in the next phase) and the remaining projected cost of the project. The remaining projected costs have (…)
Who’s on first?
by jed simms on May 28, 2008
Many of you will know the famous Abbott and Costello comedy routine about who is on the various bases at a baseball game. Because the player is called “Who” there is great confusion as to who is on first base. (…)
The three indelible numbers
by jed simms on May 6, 2008
There are three numbers that should be indelibly burned on every Sponsor, Steering Committee member, Investment Committee member and Project Manager’s mind when approaching projects. These three numbers are 15%, 35% and 5%. These numbers have remained constant for the (…)
6: The Evaluation Model
by jed simms on March 11, 2008
When life was simpler, projects could be assessed on their claimed return on investment (ROI). If the project was financially worthwhile (at the time of approval) and supported by some executive, it would be approved. Projects tended to be approved (…)