
From the Management Concepts Project and Program Management Perspectives Blog
One of the questions I hear most often in classes is, “what do you think is the most important thing in project management?” This is akin to asking someone what their favorite book or movie is and expecting an immediate response. Very few people can narrow any rich experience down to a single choice, but if we give them a broader target they can usually list several items. In that spirit, over the next few weeks I will present the Top 10 Laws of Project Management. Each law’s author, origin, and corollaries will be explained and the fundamental concept examined for application in improving project performance.
In an attempt to avoid anonymous, purely humorous sayings common in the field, certain guidelines have been followed for each law:
1. Augustine’s Law: A bad idea executed to perfection is still a bad idea.
Norman R. Augustine is a former Chairman and CEO of Lockheed Martin and a writer of wry observations on business and life including a large number of “laws.” One corollary is: A good idea poorly executed is of no use to anyone.
Validating the Project’s Strategic Alignment
No single decision in project management has more importance than choosing which projects to perform. When choosing the projects that go into the portfolio, any idea of strategy or prioritization is often lost. Projects are initiated at many levels without any overarching strategic planning and then schedules and budgets are arbitrarily trimmed to fit the emergent needs of the organization. The most underappreciated concept in all of initiating is that of opportunity cost. For every project we select to do we are giving up the opportunity to do an essentially infinite number of other projects. All projects need to be carefully examined to be sure that they align with the organization’s strategy and deliver the most value when compared to other potential endeavors.
Using Control Gates in the Planning Process
Running a complex process all the way to the end before performing any quality assuranceincreases the likelihood of losing all the value created. Yet, many projects proceed all the way to getting approval of the project management plan without any kind of control gates. A control gate is a point where significant product or project management deliverables (e.g., preliminary or final product design, work breakdown structure, risk management plan) are examined to verify completeness and quality prior to performing more work. The ideal time to validate return on investment is early on since relatively little money is spent in most projects during planning relative to execution. As da Vinci said “It’s easier to resist at the beginning than at the end.”
Questions to Consider/Fodder for Comments
Have you seen projects during your career that clearly seemed to be bad ideas?
Were any of these projects terminated?
Is a terminated project a failed project?
Be sure to check out the follow-up post where John goes into greater detail on Augustine's Law.
Tags: 10 Laws of project management, project management
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