Monitoring project costs. A penny saved is a penny earned. Or is it?

15 February 2017
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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.

The FIFA World Cup 2014 Project: “All in one (Brazilian) rhythm”

13 June 2014
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Millions of worldwide fans eagerly await this year’s top football event, the FIFA World Cup 2014 in Brazil, which is currently on its way. To understand this gigantic project, we don’t have to look to far, to recognize that the planning and organization of the project conforms to this World Cup’s slogan: “All in one rhythm” – although a Brazilian rhythm. From the perspective of a Project Manager, the project is a disaster, especially when considering the fact that the opening match on June 12 in Sao Paolo will take place in an unfinished stadium with the budget increased by […]

The International Space Station Project: Where no project manager has gone before

25 April 2014
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Any one of the seven wonders of the world can claim the title of most famous project on our planet, however probably the most famous project out of this world would be the International Space Station (ISS).  Although to be honest with you, there is not much competition beside the many orbiting satellites and their space junk friends which can qualify as potential candidates.  The ISS completion is a true example of an international project in which the vision, execution and outcome has evolved as the needs and wants of the many stakeholders involved has changed over time. The IIS […]

The 2014 Sochi Olympic Project: The prize of gold had gone up!

14 February 2014
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As we are in the thick of it following our favorite athletes grace the Olympic stage and podium at the 2014 Sochi Olympics, I’m always amazed at the enormity, sweat equity, planning and cost that result in the Winter Games capturing the world’s attention every four years.  From a project manager’s point of view each and every Olympic project has become an amazing case study in what works and fails in planning and managing large-scale projects, and nothing remains more true in this statement than with these current games in Sochi.

Discount Fighter Jets – the “Walmartization” of Government Projects

17 September 2013
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In a world where bargain discounts and factory outlets have captured the attention of today’s budget conscious consumer,  it’s not surprising that based on today’s global economy, governments (and to be more specific – the US government) are also looking for ways to cut costs.  As a result, believe it or not, there is company who is in the process of developing a fighter jet that would save the Pentagon $1 Billion in fuel alone annually on low tactical missions that are costing them $25,000 in fuel for every F-16 Jet led into these missions.  Textron AirLand was formed to […]