An agricultural supply company develops a new product that is much more effective at inseminating cows than any other product on the market. They can develop the product in a year with a budget of $2 million. Research on market research shows they can...
Read MoreThe coronavirus pandemic has taught organizations that they need a way to deliver valuable project successes even when nothing is going as planned. It takes a solid foundation of metrics and a sound approach to knowing what initiatives can get done and...
Read MorePerformance management is not just a function of human resource. Project and portfolio management is another great context for this process. Projects are the engine that drive an organization toward its vision. As such, a mature organization with rigorous...
Read MoreThis is the final post in a 5-part series. To see the last post on “Organizational Rigidity”, click here. The #1 reason projects fail has been a thorn in the side of project and portfolio management throughout the entire history of the field. The...
Read MoreWhen an entrepreneur is setting up a business, they often start with the question “What is my budget?” In actuality, a budget will work best when it’s one of the last steps of developing the business strategy. To make a budget, you have...
Read MoreThis is part 4 of 5 of a series. To see the last post on “Unrealized benefits”, click here. Two million years ago, the climate and landscape of Africa was in flux. Over the course of 200,000 years, areas alternated between woodland and grassland...
Read MoreThis is part 3 of 5 of a series. To see the last post on “Procrastinating bad news”, click here. The common components of project success correspond to the triple constraint model. These components relate to the three sides of the Iron Triangle:...
Read MoreMost opportunities for digital disruption have happened when there is wasted capacity because of a disconnect with demand. How many empty houses were there before AirBnB connected people leaving town with people who wanted to stay there? How many empty...
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The recent tariffs placed on Chinese products, which will raise the cost for doing business for several major industries, illustrates the necessity of organizational adaptability. Project success is not just on-time, on-budget, on-spec. Projects exist...
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