Tag Archives: governance

How to get back on track when a project goes awry.

Storyboard blocks_v5_finalWhen a project goes awry  and no longer performing according to plan:

  • Assign a single capable person to serve as Project Manager (PM) responsible for the entire project through to completion if one is not already assigned or if the one assigned has proven ineffective.  The PM should be someone who has previously been successful in similar circumstances in terms of project scope, scale, and complexity.  If someone with requisite experience is not available to serve as PM then arrange for the experienced person to serve as a close adviser to the PM until a new plan is in place and performance relative to the new plan is on track.
  • Have the PM work with the client, the project team, management, and advisers to pull together a revised plan. Review the plan thoroughly with the PM, the project team, and with outside stakeholders, including the client, to be sure the path to completion, all the way through to client acceptance, is well formulated, understood, agreed to, and sensible.

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How to Aim High and Do Better with intelligent goal setting.

Bank Plan

Set goals to get the results you want base
Figure-1: Under Promise and Over Deliver

Bankers and investors want to know how things will turn out with a high degree of certainty in order to manage downside risk. Consequently, organizations that take professional money learn to conservatively state what they will accomplish to have a high probability of achieving plan ith intelligent goal setting. When actual results exceed plan there is cause for celebration as suggested by the under-promise and over-deliver lines graphed in Figure-1. Continue reading How to Aim High and Do Better with intelligent goal setting.

How to think about and work with outsiders to systematically get help in a way that increases the odds of success.

Get HelpLearning to Get Help or to work with outsiders is one of the top two factors that account for success in maturing a start-up into a credible organization on track to long term growth and performance according to a plan.

Early stage CEO’s at first often think it is a sign of weakness to need help and when they finally do experiment with getting help they often find it frustrating ultimately because they misuse those they enlist.

It helps to think in terms of five types of outside support:

  • Celebrities to draw attention
  • Advisers to provide best practices and perspective based on experience
  • Peers to provide mutual support and community
  • Coaches to provide advice and counsel  to increase personal effectiveness
  • Governors to provide a consistent point of accountability and help with strategy, focus, and access to resources

Continue reading How to think about and work with outsiders to systematically get help in a way that increases the odds of success.