Behavioral biases are a significant concern in project management, often leading to cost overruns, schedule delays, and failed projects. In their comprehensive study, Bent Flyvbjerg and his colleagues identify and analyze the top ten behavioral biases that can adversely impact project outcomes. This article delves...
The purpose of this research is to investigate the effectiveness of organizational project management in delivering project value and from a project manager’s perspective is the framework delivering project success. The world of project management has changed over the last twenty years to meet the changing demands required...
Why there are so Many Project Management Methodologies Just because some methodology worked on one project doesn’t mean it will work on another. So we customize a methodology, slap a new name on it and begin selling it as a new silver bullet to all our...
Every tech CEO loves a scare tactic—and lately, “AI is coming for your job” is the go-to threat. Amazon CEO Andy Jassy’s internal memo touted Alexa improvements and advanced chatbots before dropping the real bomb: “AI agents” will soon replace some corporate roles “in the...
Bent Flyvbjerg knows a thing or two about project inefficiency. As an Oxford University professor and economic geographer, Flyvbjerg studies the role that big projects play in shaping and changing cities — and why so many of those projects run over budget, over time, or...
When a project fails, it’s because of any number of issues. But, when it succeeds we consistently see the same core conditions in place. Yes, analyzing what went wrong is important. But I’m always surprised how little time we spend reinforcing what works, especially when there’s...
Project management is as much about data as it is about strategy and teamwork. From success rates and budget overruns to industry-specific performance metrics, project management statistics can help you learn what drives projects to succeed — or fail. In this post, we’ll explore the most relevant...
Effective hashtag#portfoliomanagement is therefore a holistic activity, dependent on organisational hashtag#strategy and hashtag#planning. The selected portfolio (of programmes and projects) together with its business as usual operations must never be separated to collectively advance the hashtag#organisation towards its desired strategic hashtag#objectives and hashtag#vision. It requires...
This is a slide I used on many presentations over 20 years. My question was “What’s the underlying difference between the two, seemingly identical, lists?” It always instigated lots of ideas ranging from different methodologies, through different industries to differently certified project managers. No-one ever got...
First-time CEOs have it hard when it comes to stakeholder management. But it doesn't have to be. Your investors want results. Your employees want clarity. Your suppliers want trust. Your customers want reliability. As a first-time CEO, how do you balance it all while running a company? Mastering stakeholder management isn’t optional,...