Too many projects measure success on time and budget. While these are important — and easily measureable — factors, they alone may not help you realize your business outcomes. A few suggestions on how to approach big projects differently:
- Revisit and revise your business case regularly. Because markets and competitive environments change, you should regularly revisit what exactly you're doing, and more importantly, why you're doing it. This will help uncover hidden stumbling blocks and guide your project toward accomplishing its business outcomes, which can shift over the course of its timeline.
- Enlist an entrepreneurial project manager. The number one driver of successful projects is a great manager, someone able to manage stakeholders and risk who is comfortable adapting and changing course if necessary. Find and develop project managers who exercise judgment instead of obediently following the process. You need a strategic thinker to adjust to changing circumstances.
Adapted from
"The Hidden Indicators of a Failing Project" by Gretchen Gavett.
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