Project Management
Ghost benefits and real project benefits
Ghost benefits are scary. They threaten to use up your money, time and reputation with nothing to show for it. Ghost benefits are the imaginary gains from projects that haunt business cases, PowerPoint presentations and project meetings. Most people know they aren’t real but they won’t say anything in case little Jimmy still believes in…
Read MoreProject rescue – a simple guide
A project rescue is a structured approach to save a failing project. Your project fails when quality, scope, budget, or schedule does not meet expectations. It can also fail because the business case no longer stacks up. Projects exist to implement strategy so a project rescue saves your strategy and maybe your business or your…
Read MoreProject success vs organisational success
Projects implement strategic change. If a project meets its goals (succeeds) then the organisation meets its goals (succeeds). Right? Well maybe. Let’s take a closer look at success, value, strategic goals and what they mean for projects and organisations. What does success look like? Are project managers responsible for project delivery or for strategic goals…
Read MoreHow does ERP add value in a property business?
An Enterprise Resource Planning (ERP) system can help a property business deliver its strategy. It is up to each business to decide what that means. How does ERP help deliver strategy? Strategy delivery may mean ERP or any system is not a magic bullet No ERP or other property system is a silver bullet for…
Read MoreWhat is a feasibility study?
A feasibility study is an early examination of the merits of an idea, proposal or project. It looks at whether or not it can be done, its likelihood of success and, perhaps most importantly, identifies the factors that could lead to success or failure. It gives an independent assessment that examines all aspects of a…
Read MoreERP return on investment (ROI)
Enterprise Resource Planning (ERP) systems promise benefits but it takes time and effort to achieve the promised results. You need a recipe for success. An ERP system return on investment (ROI) is not guaranteed. In 2012, Auckland city forecast a NZ$10 million per year return on its SAP ERP system investment of NZ$71million. By 2014…
Read MoreSeizing Opportunities for Project Success
Organisations gain competitive advantage by seizing opportunities. We can do that when we run projects too. We need to be open to wins and adopt a benefits and opportunities mindset. Focusing on mitigating risks is not enough. Consider what positive risks could occur. How could you present and leverage them? Risk Response PMBOK 7th edition…
Read MoreIf we learn lessons, mistakes can help us
Learning from mistakes is good. Learning from someone else’s mistakes is better. Learning from what went right is better still. We have all done things that didn’t go so well – sometimes we fail spectacularly. We tend to remember those moments. The embarrassment and sense of failure fades with time but we retain a lesson…
Read MoreProject Sponsor: Three Types of Authority
Projects implement strategy. The Project Sponsor (or Executive Sponsor) is the person responsible for the success of a project. They provide strategic alignment, necessary guidance and resources to the project manager and team. In most cases, they are the original champion of the project, but may also have inherited it from a predecessor. A key…
Read MoreStrategic Success: Lessons from a Marathon
Sometimes, strategy fails. Even a rigorous plan and putting the right people, processes, and systems in place does not guarantee success. One can either deviate from the strategy, or unexpected events occur that throw your strategy out the window. I recently ran a marathon and likened it to the challenges of managing a strategic project…
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