In many ways the discipline of project management heavily focuses on best practices in improving and streamlining both soft and hard factors impacting a projectâ€™s outcome.Â Whether it is the implementation of Earned Value Management (EVM) techniques or itâ€™s adhering to Prince2 or the PMBOK, project management practitioners are constantly seeking for better ways to get it right.Â 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.Â
I recently read an article where it described the U.S. Mintâ€™s challenge in producing pennies and nickels at a cost more than their actual value.Â In 2011 it cost the US Mint 2.4 Cents to produce a penny and 11.2 cents for every nickel produced.Â I guess the old adage â€śA penny saved is a penny earnedâ€ť does not apply to the US Mint.Â 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 everyoneâ€™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 Ă€ La â€śDavid Letterman.â€ťÂ So the category is the top signs your project is doomed to fail.Â Here we go…
For many project-driven organizations, especially those in new product development and innovation, one of the toughest challenges is managing a pipeline of potential projects and making an objective and well-informed decision on which project to place your bet on.Â A strategic project selection process will ensure that the right metrics, experts and stakeholders are involved in the assessment and prioritization of your pipeline.Â The right project selection strategy allows for an organization to maximize its potential for success and improvement across its current and future portfolio.
Get your Pair of Adidas for $1! Process Improvement in your Projects is about the Journey, not the Destination
In our current global economy consumer products are dropping in price due to the maturity of organizationâ€™s that are schooled in the ability to leverage the best and cheapest resources around the world every point in the manufacturing process.Â Â In recent years we have seen remarkably low priced items seen with the launch of Tataâ€™s Nano car retailed at $1900 and now Adidasâ€™ recent announcement of launching a $1 running shoe aimed at Indiaâ€™s growing population.
There have been many major successful IPOs in 2011.Â From Groupon to Linkedin and Pandora, in a shaky economic climate these major internet players have proven that the Web still has much room for growth.Â One of the more interesting IPOs in 2011 that sheds light on what businesses and consumers seek to gain from each other is â€śAngieâ€™s List.â€ťÂ Founded in 1995 (a dinosaur by internet standards), despite still being in the red, Angieâ€™s IPO has increased its valuation by 25% pegging it at approximately $900 million.Â Not bad for a company that started in Ohio by Angie Hicks