Is the Task at Hand Considered a Project?

Much of a professional’s day-to-day work involves delivering projects. When you think of project management, many people tend to picture teams in large organisations working on large-scale projects. Many of your smaller tasks are actually projects as well. It can be disastrous to mistake a project for regular work. According to the Project Management Institute … Read more

Challenges in Managing Major Projects

Delivering major transport projects is very challenging – with long planning horizons, complex interfaces, multiple stakeholders and the potential for major scope changes. Poor project management results in overruns and delays, poor quality outputs, and higher costs. There is increasing pressure for well-planned and delivered transport projects that meet agreed time, cost and quality requirements. … Read more

Use DICE to beat the odds in Project Management

Successful project management use DICE factors to beat the odds. Ask four different project managers what are the critical factors of successful delivered projects and you will probably get four different answers. This is because they each would have different lessons learned from their own experience. Extensive research by the Boston Consulting Group (BCG) found … Read more

Optimism Bias in Project Planning

Professor Bent Flyvbjerg in his research identified two main causes of misinformation in policy and management: strategic misrepresentation (or lying!) and optimism bias (appraisal optimism). Strategic misrepresentation is the planned, systematic distortion or misstatement of fact in response to incentives in the budget process. Optimism bias is the demonstrated systematic tendency for people to be … Read more