The Importance of a Project Review Board

The Importance of a Project Review Board

A key to success in any Operational Excellence or Continuous Improvement program will be found in the way opportunities for improvement are harvested and prioritized; and how well the projects are managed and evaluated. I have written several articles over the past few years on what it takes to successfully design and deploy an Operational…

Ready, Fire, Aim!

Ready, Fire, Aim!

There is a saying, rather a curse; “May you live in interesting times”.  It is a curse because interesting times are times that are full of Volatility, Uncertainty, Complexity, and Ambiguity; interesting times are VUCA times; disruptive, chaotic, and transformative. Whereas life in uninteresting times is predicable, rote, even boring. We are living in interesting…

Business Challenge: Project Benefit Validation

Business Challenge Business Improvement initiatives are getting a lot of press these days: “…our projects saved over $10M in the first 12 months of deployment using BPM”1. Thus, it seems logical for an organization to jump onto the process improvement bandwagon. Much is promised of business improvement efforts, and there are many capable consultants and…

On Gambling, Logic, Statistics – and Project Portfolio Return Optimization

Several years ago, a good friend of mine invited me for a “guy’s weekend” in Atlantic Citywhere we were to stay at the Tropicana.  It sounded interesting enough as he and I always had a few laughs together and I had never really been to a casino before. In fact, when we arrived at the Tropicana, one of…