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,...
Classic Mistakes Analysis of the examples in the “Catalogue of catastrophe” reveals the most common mistakes. Given the frequency of occurrence, these mistakes can be considered the “classic mistakes”. The following list outlines the most common themes and provides links to examples: 1.The understanding of complexity - cost...
A “white elephant project” is a phrase which is used in reference to a financial endeavor which fails to live up to its expectations. A “white elephant project” can be used in reference to a completed project or one whose undertaking is still ongoing. The...
The world of project management has changed over the last twenty years to meet the changing demands required by organizations, who are applying leaner operation models with fewer resources, risk adverse, project constraints and restricted budgets to deliver projects. Consequently, the need for management within...
In today's fast-paced business environment, organisations are continually seeking ways to enhance their project management practices. The traditional waterfall approach, characterised by its linear and structured methodology, has long been a staple in project management. However, the rise of Agile methodologies, known for their flexibility...