In part 1, I wrote about governance. If the owners of the project are not governing the basic behaviors to execute well, your risk of delivery is rising. If you haven’t read it, please do. You’ll understand what I’m talking about here. Just a short reminder: I’ve written before about the most important measurements in projects and the behavior …
Spot Project Delivery Problems Early Part 2: The Fundamentals Read More »
“Value is created by removing a significant limitation for the customer, in a way that was not possible before, and to the extent that no significant competitor can deliver.” Eliyahu Goldratt The average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than 50 years in the …
The Gestalt of ToC “Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.” – Isaac Newton The Theory of Constraints. What sort of management strategy is that? Who calls a management approach a “theory”? And “constraints”; isn’t that the same thing as a “bottleneck”? If you’ve read Eliyahu …
Decision Making – Focus on the Goal Almost every manager is aware of Pareto’s law, the important few – the trivial many which is often thought of as the 80/20 rule. 80% of results are generated by 20% of the actions. To improve your effectiveness, one only need to focus on the 20% and you’ll get …
In part one, I said time is not equal to money. Most of the time. Project managers and managers in general must know the difference. In that post, I highlight when time is not money. In part 2, I’ll explain when time is money. Let’s suppose your teams are delivering one project every other month; that’s …
The Gestalt of ToC “Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.” – Isaac Newton The Theory of Constraints. What sort of management strategy is that? Who calls a management approach a “theory”? And “constraints”; isn’t that the same thing as a “bottleneck”? If you’ve read Eliyahu …
Theory of Constraints & Strategy – An Introduction Read More »
“I often say that when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely, in your thoughts, advanced to …
Spot Delivery Problems Early – Part 1: Governance Read More »
We’ve all heard the expression that time is money, but is it true? I don’t think so. What does it truly mean? Does time equal money in my project? If I lose time, I waste money? or If I delay, I get the money later? If it’s the first definition, you are saying, money is like time. If …
So many of us have often heard that “a failure to plan is a plan to fail,” so we grow confident that successful planning leads to successful project completion. The old adage isn’t necessarily untrue. Having a plan is crucial. But research shows that the common approaches to project management fail to produce the outcomes that …
Top 4 Project Management Challenges & How to Solve Them Read More »
Two Sources of Project Uncertainty Projects, by their nature, are uncertain, but not all uncertainty can be treated the same way. Knowing the where your project’s uncertainty lies will help you pick the right approach to managing your project and delivering the best outcome for your team, your customer and the project owner. Many projects are …
