Status Reports & the Tooth Fairy
- Topics:
- Project Management
- Source:
- 4PM.Com
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Overview: The article says that when organizations reach the Omega stage of project development, further increases in project density and weak organizational PM processes lead to 50% or higher rates of project failure. An Omega symptom is that project managers, their users and their clients are regularly surprised with bad news about project completion dates and budgets. They are surprised because they had no inkling that the project was in trouble and are blind-sided after it is too late for corrective action. These surprises take place despite the existence of project office tracking systems like the unfortunately ubiquitous “red light, yellow light, green light” project dashboards and other equally useless devices for spotting problems early. These processes lack unambiguous measures of project progress. All of them rely on people telling the truth.
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Format: PDF | Size: 66KB | Date: Jan 2003 | Pages: 4
