In a world where innovation moves at the speed of light, most of us take for granted of the many great innovative NPD projects that have improved and changed the way we live. The truth is many NPD projects sustain battle scars from years, and in many cases decades, proving their worth and/or acceptance for their intended audience. The reality is 90%-95% of great innovations initially fail. In fact many great innovations were created by technologists and inventors who had no concept of market acceptance or the desire to fill the need of a particular audience. Moreover, even in the
More often than one would expect, when we look at the original inventors of many of history’s great inventions they are marginalized in their association to their inventions. Have you ever heard of Ferdinand Verbiest or Otto Lilienthal? Does Karl Benz and the Wright Brothers sound more familiar? Although the first two people mentioned are the original inventors of the automobile and airplane respectively, the latter tend to be attributed to these inventions due to their ability to move beyond the inventions themselves and connect to the people who would popularize their use.
Recently, Sheryl Sandberg Facebook’s COO publicly admitted to working a 9 to 5 schedule which for many is blasphemous in Technology circles. Although in the past she was reluctant to reveal her work schedule, in her recent announcement she attributes her well-balanced work and life schedule to her present day success. Even though she has incredible responsibility, it shows that and organized plan and schedule can go a very far way. In many ways, her ability to successfully execute on (one would imagine to be) an insurmountable amount of work in a 9 to 5 schedule is a true testament
In many ways the discipline of project management heavily focuses on best practices in improving and streamlining both soft and hard factors impacting a project’s outcome. Whether it is the implementation of Earned Value Management (EVM) techniques or it’s adhering to Prince2 or the PMBOK, project management practitioners are constantly seeking for better ways to get it right. Although these methodologies and techniques are helpful in developing a strategy for success, nothing can replace the acquired experience of a seasoned project manager who understands the nuances of the projects he or she serves that can turn at a moment’s notice.
I recently read an article where it described the U.S. Mint’s challenge in producing pennies and nickels at a cost more than their actual value. In 2011 it cost the US Mint 2.4 Cents to produce a penny and 11.2 cents for every nickel produced. I guess the old adage “A penny saved is a penny earned” does not apply to the US Mint. Ironically, every penny has put the Mint 1.4 pennies in the hole.
For all the Lotus Notes groupies, every year when the big Lotusphere event comes around it seems like the whole world stops for the week, and everyone’s attention is aimed at learning about the next big announcement and reveal of the annual celebrity mystery guest that will set the tone of the Lotus Notes community for the upcoming year.
As we wrap up 2011, I figure I would take this opportunity to lighten the mood and come up with a top 10 list À La “David Letterman.” So the category is the top signs your project is doomed to fail. Here we go…