Project Management

Every now and then, I get brought in to trouble shoot a payments initiative gone awry. For the last week I was hunkered down in triage mode with a client team suffering from a derailed project. They were exhausted, drowning in user complaints, struggling to fix bugs, and disillusioned with their vendor. I’ve thought long […]

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Overstock.com said it will restate its financial results for over five years due to problems stemming from its implementation of Oracle. Revisions to the company's 2003-2007 results probably will reduce revenue by $12.9 million and increase cumulative net loss by $10.3 million. Excerpt from CFO.com  He explained that as part of a major system upgrade […]

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A recent guest post by Mike Kavis at the IT Project Failures blog underscores that the reason IT projects fail has little to do with IT and everything to do with change management and leadership. Most large business transformation projects fail because IT leaders don't acknowledge, or at least underestimate, the impact of change on […]

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The Twitter debacle prompts this post on project turnarounds by Michael Krigsman at IT Project Failures. Among other things, he advises that project management and communications will be key to ensuring success in the end (but it will be painful along the way).  You don’t have to fix every problem. Get the basic system working […]

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Benchmarking is a critical first step in identifying opportunities for process improvement. Used correctly, benchmarking allows companies to compare their processes versus the best practices in their industry and develop a road map of how to adopt best practices within their own organization. Mark Brousseau at the TAWPI Blog compiled a list of Benchmarking DOs […]

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Scott Berkun's excellent "The Art of Project Management" has been updated and released with a new title and cover. The same good stuff is inside – plus more! This is the only project management book I can recommend without reservation. Read all about it on Scott's blogOrder from Amazon

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I post often on the failure of IT projects and recommend specific project leadership and change management tips to salvage your key initiatives. Today Michael Krigsman, at ZDNet's IT Project Failures blog, highlights the critical role that training plays in ensuring success of technology implementations. 5 Ways to fail at IT Training: Inadequate budget and […]

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Over at the Business Intelligence for Business People blog Tom Hudock considers the multitude of challenges that threaten projects and determines that leadership is the most critical factor in determining whether a project is successful or not. Excerpt: So what makes an unsuccessful project?Some potential culprits are: technology issues, budget constraints, timeline constraints, user adoption […]

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Sunday's New York Times features a lengthy discussion of the factors contributing to the spectacular failure of the government's $4 billion spy satellite program. The project was ultimately canceled in yet it is clear from the the various participants that are quoted in the article that the effort was doomed from the start. What went […]

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I am speaking next week in Portland, Oregon. It's one of my favorite topics: project management for finance professionals. Oregonians, email me if you want to meet up for coffee, etc. Driving process improvement within your finance organization – and beyond!AFP of Oregon and SW WashingtonPortland, OregonOctober 17, 2007 Finance executives are increasingly asked to […]

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CNET"s TechRepublic blog 10 Things lists ten signs that you aren't cut out to be a project manager. There are a variety of skills and personality characteristics that make a great project leader. You may possess some of them. Yet, if 2-3 of these signs resonate with you, you may want to consider bringing in […]

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Celent's latest remote capture deposit report highlights the gulf between the very few financial institutions that have successfully deployed RDC solutions and the remaining 3000+ whose results are lackluster (see chart below, courtesy of Celent). 7 Habits for Successful RDC Deployment 1. A robust vision for the RDC opportunity2. Senior management sponsorship and visibility3. A […]

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Check out this exchange of posts between Frank Buytendijk (Oracle/Hyperion) and Tom Hudock (Online Business Systems) about the role of business in IT initiatives (they are particularly concerned with business intelligence but the sentiment holds true for all technology projects). Frank and Tom are dismayed that business leaders have taken a hands-off role in key […]

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(Image courtesy of Steve Pyke) The latest Harvard Business Review suggests performing a project "premortem" to identify project risks before the project has a chance to go off track. Most projects fail, and project teams are reluctant to speak up, so you would be foolish to not try this approach. A premortem is the hypothetical […]

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CFO.com reviews a handful of new (and upcoming) books on team leadership and finds one particularly useful: X-Teams by Deborah Ancona at MIT and Henrik Bresman at INSEAD. Excerpted from CFO.com: The authors lay out a three-part strategy for making X-teams work effectively. The team: • Needs a high level of external activity, which means […]

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