PMcrunch

Management styles Almost everyone makes numerous decisions every day. It is these decisions that allow us to manage our lives, enabling us to do the things we want to do, while working with and around: other people, time and the everyday problems which always seem to occur.

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Sunk costs are exactly as the name implies: they are costs that are “sunk”. The money spent is irretrievable. It is gone, history, sunk. However, often there is either a misunderstanding or an emotional attachment to money that was spent. This is a difficulty that we, as forward looking project managers, need to remember.

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There is lots of good talk about project metrics. Much of it centers on project performance. But there is another side to it, organizational metrics, related to how the project is contributing to overall organizational goals. Thinking a little differently and exploring a different perspective can provide better focus and produce more positive impact.

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Should projects be business-driven or technology-driven? This question was asked in a post on gantthead. This is an age-old problem. I don’t think it will ever go away, but we can try! I do not think that CIOs are necessarily ignorant of business needs any more than I have faith that CXOs are able to clearly envision new business paradigms driven by emerging technologies.

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