Monitoring project costs. A penny saved is a penny earned. Or is it?

15 February 2012

I recently read an article where it described the U.S. Mint’s challenge in producing pennies and nickels at a cost more than their actual value.  In 2011 it cost the US Mint 2.4 Cents to produce a penny and 11.2 cents for every nickel produced.  I guess the old adage “A penny saved is a penny earned” does not apply to the US Mint.  Ironically, every penny has put the Mint 1.4 pennies in the hole.

Lotusphere 2012 Highlights: Socializing Lotus Notes and Domino Means Better Accessibility in the Cloud and on Mobile Devices

27 January 2012

It has been a week since Lotusphere 2012.  This year’s event was quite exciting in that it a lot of the ideas and concepts that were discussed in 2011 were put into action offering up new capabilities to the Lotus Notes community delivering on the promise of a more social platform.  One of the primary messages of the event is that social media has transformed our business landscape by fundamentally changing the way people interact in a business context.  We truly live in an era where information workers are no longer chained to their desks and are more mobile and  

Lotus Fever is in the Air! Lotusphere 2012 reminds us what it means to be social

13 January 2012

For all the Lotus Notes groupies, every year when the big Lotusphere event comes around it seems like the whole world stops for the week, and everyone’s attention is aimed at learning about the next big announcement and reveal of the annual celebrity mystery guest that will set the tone of the Lotus Notes community for the upcoming year.

Letterman Top 10 Signs your Project is Doomed to Fail

22 December 2011

As we wrap up 2011, I figure I would take this opportunity to lighten the mood and come up with a top 10 list À La “David Letterman.”  So the category is the top signs your project is doomed to fail.  Here we go…

A Project Selection Strategy is Critical, Unless you can go “Back to the Future”

16 December 2011

For many project-driven organizations, especially those in new product development and innovation, one of the toughest challenges is managing a pipeline of potential projects and making an objective and well-informed decision on which project to place your bet on.  A strategic project selection process will ensure that the right metrics, experts and stakeholders are involved in the assessment and prioritization of your pipeline.  The right project selection strategy allows for an organization to maximize its potential for success and improvement across its current and future portfolio.

Get your Pair of Adidas for $1! Process Improvement in your Projects is about the Journey, not the Destination

28 November 2011

In our current global economy consumer products are dropping in price due to the maturity of organization’s that are schooled in the ability to leverage the best and cheapest resources around the world every point in the manufacturing process.   In recent years we have seen remarkably low priced items seen with the launch of Tata’s Nano car retailed at $1900 and now Adidas’ recent announcement of launching a $1 running shoe aimed at India’s growing population.

Just Ask Angie! Quality Project Information Will Lead to Better Decisions

18 November 2011

There have been many major successful IPOs in 2011.  From Groupon to Linkedin and Pandora, in a shaky economic climate these major internet players have proven that the Web still has much room for growth.  One of the more interesting IPOs in 2011 that sheds light on what businesses and consumers seek to gain from each other is “Angie’s List.”  Founded in 1995 (a dinosaur by internet standards), despite still being in the red, Angie’s IPO has increased its valuation by 25% pegging it at approximately $900 million.  Not bad for a company that started in Ohio by Angie Hicks  

Better Project Collaboration does not Necessarily Mean Standardizing Solely on a Common Web Platform

28 October 2011

In a world where the average knowledge worker communicates with his or her stakeholders via email, intranets, extranets, smart phones, and a host of social media and enterprise applications available over the Web, the meaning of “collaboration” can be as useful as it is confusing to project teams that live and die by the information they ingest.  With so many options and means to communicate, developing a collaboration strategy is critical in today’s project environment. You just have to dial back ten years ago and realize collaboration options were quite basic in comparison to today’s world.  Most information was shared  

The Power of the Plan: Why 1% of the Population Controls 40% of the Wealth

19 October 2011

The recent news of the “Occupy Wall Street” grassroots movement in which demonstrators are congregating around the world expressing their defiance against the financial establishment and its impact on the “Average Joe” has brought to light the age old reality that money and power lies in the hands of a few who understand the power of the plan that keeps this inequality afloat.  Throughout history kings and monarchs have exploited the majority by creating meticulously planned structures of power, wealth and governments to ensure their positions.  Although the Occupy Wall Street movement is a modern phenomenon, similar strategies employed centuries  

5 Questions Project Leaders Need to Ask to Avoid the Damaging Effects of “Broken Telephone”

27 September 2011

For many avid “social networkers” there is panic in the air!  There is a story circulating the internet that claims Facebook will be charging its members a monthly fee.  In a world of constant connectivity and the instant access to information rumors can go viral at the drop of a hat.  Facebook and its powerful platform that has the capabilities to deliver real-time information to an immense user base of 800,000,000 members is an excellent example of the available vehicles to quickly disseminate damaging information. Although the rumor has been discounted by Facebook, the reality is today’s online platforms have