The 23 Critical Steps Most Project Management Leaders Miss

Paul A. Tedesco ptedesco@aol.com

In my book "Common Sense in Project Management," I cited a Department of Defense study of 8,000 projects completed in 350 companies.

Only 16% are considered successful...only 2% of these are used as first delivered!

Projects in bioengineering and pharmacology run similar risks. Why? In my long career leading advanced engineering and business application projects, I've observed that projects fail because project teams and their leaders miss one or more of the following elements. I've set them as a worksheet table for you to use in your next project.

 

CRITICAL STEP NEED TO DO

Identify critical Features that would make this project worth doing

 

Identify critical supporting technology/architecture that make this project possible

 

Identify alternatives that would satisfy making this project worth doing

 

Identify the supporting technology/architecture alternatives that make this project possible

 

Identify the Business Management, Technology personnel that are to participate in the project

 

Determine the Senior management personnel that support the project

 

Determine the Customer benefits

 

Select elements for immediate implementation

 

Determine What of the business can be resused for other business functions

 

Determine what of the technology/architecture can be reused for other business/technical functions

 

Determine the business benefits applicable to each specific business alternative

 

Determine the business and technical benefits applicable to each specific technical alternative

 

Determine how the business and technical alternatives can best be combined for the benefit to the business

 

Describe the benefits of the combined business and technology alternative

 

Select the best of the alternatives for implementing the project

 

Identify how the selected alternative and the other alternatives would satisfy the corporate requirements

 

Describe the new business opportunities that are created through the technology

 

Describe the new technology opportunities that the business goals have unearthed and therefore the new business opportunities that the new technology will provide

 

Provide an estimate of the value of the created business value

 

Determine if the new business and technology opportunities should be placed in a new company division or should form a new corporation that benefits your corporation

 

Properly handle inspiration

 

Describe how the created ideas alter business and create new business competitive advantages

 

Identify and take advantage of new business and technology insights

 

 

 

 

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