How to Measure Project Success

Ilya Pozin has written an article on inc.com that discusses how to be more efficient in a project and how to ensure that your team knows what success should look like. This article gives a good way to decompose aspects of project success, but I found myself thirsting for quantitative measures.

http://www.inc.com/ilya-pozin/6-ways-to-measure-the-success-of-any-project.html

The author mentions six factors for measuring the success of a project: (more…)

The Measurement Inversion

Think about the last time your company was faced with an investment in information technology – as an example. Perhaps you were deciding on a CRM platform, an upgrade to your replenishment or logistics software… – you can imagine such a scenario.  Regardless of the exact details, you might recall reviewing a business case for this “technology investment”. Perhaps you were even responsible for the development of the business case. (more…)

NIST 800-30 still has defenders

Jack Jones, the inventor of the FAIR method for assessing cybersecurity risk, comments on a defense of NIST 800-30 by someone who commented on one of his blogs.  I take Jack’s side on this.  For those of you who have read my books, NIST 800-30 is one of the standards that promotes methods I spend a lot of time debunking (ordinal scales for risks, risk matrices, etc.).
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Evaluating Desert Restoration for the United Nations Environmental Program

Hubbard Decision Research conducted an analysis on behalf of the United Nations Environmental Program (UNEP) to determine the impact of restoring an overgrazed area of Inner Mongolia known as the Kubuqi Desert. Once a green pastureland, this area along the Yellow river was overgrazed and became a desert.  Over the last 30 years a Chinese corporation, Elion, has been working to restore this to a productive agricultural area with thriving communities.
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Snow Daze

It has been a heck of a winter for Portland, OR. The city has had nine school closure days due to snow and other winter weather. Per local reports, the metro area has been effectively shut down on many of these days. Portland’s transportation bureau budgets $300K a year for materials to respond to winter storms, and has 55 snowplows. In contrast, Portland’s GDP is $160 B/year which translates to $635 MM per work day.

At first blush, there is an intuitive sense that spending a fraction of a percent of one day’s GDP is going to be less than the optimal amount, but there are some mitigating factors. (more…)

Project Management/Project Risk is the #1 Measurement Challenge

According to our recently completed “Measurement Challenges” survey, project risk and project management-related issues are the #1 most frequently identified measurement challenges, followed closely by change management and organizational transformation.  The survey also showed that while only half have received training to address these problems, the majority feel they need training in statistical methods or even the analytical methods provided in Excel. This is a brief summary of the findings of that survey. (more…)