The 3 most important numbers in project management
There are three numbers that should be indelibly burned on every sponsor, steering committee member, investment committee member and project manager’s mind when approaching projects. These three numbers are 15%, 35% and 5%—Jed Simms explains why.
The kindness and cruelty of project management
Jed Simms long ago discovered that the opposite to project ‘success’ is rarely failure but ‘compromise’ in project delivery performance and in compromised future performance. Here he insists we have to be cruel to achieve the project outcomes we want.
6 reasons to stop funding a project
When considering a request for additional funding there are three types of funds: sunk funds, the ‘money at risk’ (to be spent in the next phase) and the remaining projected cost of the project. But when should you stop funding altogether?
The 40-40-20 rule for project governance
Jed Simms reconfigures how we should think about education and project governance:
“Executives know all they need to know—at least they think—to convey the impression that they know all they need to know. But, when it comes to projects and project governance this model falls down.”