In a world where efficiency and quality can make or break a business, Six Sigma stands out as a proven approach to getting things right. It was developed by Motorola during the 1980's and subsequently adopted and popularized by General Electric (GE) during the 1990's. GE's famous CEO Jack Welch, a chemical engineer, implemented it throughout the organization. In his … [Read more...]
A Value Analysis attempts to improve the value of a project using value engineering methodology. This is defined by the Value Methodology Standard, published by SAVE International. It is defined as an assessment of a product that attempts to minimize its cost in relation to its functions. Typically, a value engineering team meets for 1-3 weeks, during which they work … [Read more...]
Human nature tends toward the familiar. We stick to what we know, and in project management, that often means recycling the same old approaches—safe, predictable, but not always the best. Most projects shy away from out-of-the-box thinking, prioritizing comfort over innovation, even when costs balloon or efficiency lags. Existing processes and bureaucracies would … [Read more...]
Project Management is like fixing a car—there are many interrelated, moving parts. When things go wrong, you won't find the problem if you can't isolate the defective part, and you can't fix the problem if you can't remove and replace it. Without a clear plan, you’re just guessing which parts need attention, and chaos ensues. That’s where a Work Breakdown Structure … [Read more...]
Scope issues are the #1 reason for project failure. Whether it’s scope creep sneaking in unnoticed or a poorly defined goal from the outset, projects derail fast when boundaries aren’t clear. Project managers are seemingly always dealing with budget and schedule issues, and they always seem to have an origin in the underlying project scope. In project management, … [Read more...]
I was once part of a project which went behind schedule and over budget. In response the project manager asked the project team to come up with reasons why the project was late. Naturally the team produced several reasons, and a change in schedule and budget was approved. Everything sounded like it was back on track. This dance happens countless times at … [Read more...]
Active project risk management is a concept that has been growing momentum as of late. Project managers are expected to know the risks inherent in their projects and give them the appropriate level of scrutiny. Projects are a bit like paddling a boat in shark infested waters—thrilling when it works, terrifying when it doesn’t. Risks are the gusts of wind threatening … [Read more...]
By now most people have heard of the tragic events of October 21, 2021 involving the actor Alec Baldwin on the set of the movie, "Rust." In case you haven't, a loaded handgun was accidentally used in place of a prop, and was discharged during filming of the movie, killing the camera operator and injuring a producer. The details are easily found on the internet or read … [Read more...]
In today’s fast-paced and unpredictable world, businesses, organizations, and even individuals face a multitude of risks that can derail plans, disrupt operations, or cause significant financial and reputational damage. From natural disasters to cybersecurity breaches, supply chain disruptions to economic downturns, risks are an inevitable part of any endeavor. … [Read more...]
Projects are magnets for surprises—think missed deadlines, budget slips, or that vendor who ghosts you midstream. A Risk Management Plan is the part of the Project Management Plan that plans, identifies, and analyzes project risks. It provides the project management team with a defined plan to identify and manage the risks that can arise and negatively affect the goals … [Read more...]
