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Frank Patrick's Focused Performance Business Blog
This Focused Performance Weblog started life as a "business management blog" containing links and commentary related primarily to organizational effectiveness with a "Theory of Constraints" perspective, but is in the process of evolving towards primary content on interactive and mobile marketing. Think of it as about Focusing marketing messages for enhanced Performance. If you are on an archive page, current postings are found here.

Monday, June 23, 2003

Risk Management on the Radio -- I think we've got another aficionado of Critical Chain-based Project Management in weblog-land. And I think this guy is an actual user, not a consultant -- cool. Jack Vinson points to and comments on a CIO Radio interview with Tom DeMarco and Tim Lister, who were promoting their book, Waltzing with Bears: Managing Risk on Software Projects. From the online audio presentation, Jack grabs...
...some interesting quotes / paraphrases:
"No one believes the end date of a project." For very risky projects, this end date could be a range of months or even years. For well-understood projects, this uncertainty might only be a range of a few days or weeks.

"Project management tools only map the known future. They know nothing about unknowns and risks, and they give us the illusion that we know what is going to happen."

"Managing by objectives (dates) is dead wrong. Simply elevating the importance of a date won't make it more likely..."
Since I have been working with critical chain project management for the last few years, it is obvious to me that most of these issues can be handled via CCPM. The whole idea behind the philosophy is to build projects with an understanding of the associated risk, and build your portfolio with this uncertainty in mind.
DeMarco's previous books Slack and The Deadline has been one of my favorites for some time now. It looks like there's another heading for my bookshelf.

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