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 …
“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 …
When your project is in trouble, you must change the way it’s working. Change the behavior of your team. The most important project measurement is not whether it is arriving on time; that train has left the station. To arrive on time, you must stop losing it. To stop losing time, you must change the behavior of your team. …
The Most Important Project Measurement; Looking Foward Read More »
Thousands of surveys around the world show that projects are rarely delivered on time, on budget and in scope. Here are the warning signs and what you can do to turn things around. You don’t see it coming until it’s too late. Everything was “green” until it wasn’t. All parts of the project were close to …
Project managers are never short of things to do, but the most successful – the ones that consistently bring in projects on time and on budget have mastered the art of executing by focusing on the few critical elements that make a difference. Here are five things to watch: 1. They Avoid Multi-tasking Even though many …
5 Surprising Habits of Successful Project Managers Read More »
All over the world, promising projects quickly morph into unmanageable creatures, exceeding budgets and eating up time. In response, the collective finger of blame points to everyone’s favorite excuse: bad planning. If poor planning is responsible for failure, then it would stand to reason that good planning should be the savior. So many of us believe …
The services segment of the economy is changing, and the business processes that make those sectors run, including how projects are managed, are changing with it. Macro trends of globalization and increased competition in the services sector are forcing services firms to become more efficient. In most advanced economies, GNP from services exceeds that from physical …
The Future of Project Management in the Service Economy Read More »
