December 2001

Misc

Innovative approach for project simulation

Across industries and project types, there often can be a familiarpattern in project performance and management behaviors: Projectteams focus on schedule and budget because these are directlymeasurabl..

Across industries and project types, there often can be a familiar pattern in project performance and management behaviors: Project teams focus on schedule and budget because these are directly measurable. When its project hits uncharted waters and unexpected work emerges, the team typically focuses on cost and schedules at the expense of value. According to consultants with PracticeFields, project teams are caught in a no-win situation because the things that they could have done on the front-end are no longer possibilities. All they can do is react and make tough trade-offs. The organization is left with projects that do not deliver their potential value. Even worse, team m

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