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Tag Archives: governance
Are your cost saving projects saving money?
Well, according to the National Audit Office (NAO) many do not: The initial costs of sharing ‘back office’ functions (started in 2004) had start up costs of £1.4billion against an estimated £900million. The project was set up to save £159million Shockingly, 2 departments; Department of Work & Pensions and Department for the Environment, Food and Rural Affairs did not keep … Read More
The effect of project and portfolio management on share price
Another day, another report! But, it’s not simply the same failure/success report. This one focuses on the impact of successful project and portfolio management (PPM) on a companies share price. Stock Shock, is written by Phil Thornton of Clarity Economics for the EPPM Board (sponsored by Oracle). Thornton points out in his introduction that a survey by the Economic Development … Read More
Posted in project managment governance
Tagged governance, PPM, project management, risk management
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A project is like an aeroplane.
When a plane takes off around 90% of them are off course. This is because of wind, physics and general weather issues. The plane (project) is put back on course by signals from beacons (project reviews) and changes are made to put the plan (project) back on course. It lands at its destination successfully…(like your project) Among other things, you … Read More
Costs Rocket for Passport Office Project
I recently renewed my UK passport. It costs £77.50 for a ‘normal’ passport with higher fees for fast track or premium service. I did wonder why the cost was so high – the explanation; the headline ‘passport agency costs rocket’ explains all! The costs were supposed to be between £80m to £100m however the new bill looks likely to hit … Read More
Posted in governance
Tagged courses in project management, estimating, governance, risk management, skills
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Deliver your projects early by …..wait for it..not delivering
Many of you will have heard of the Pareto Principle or the 80:20 rule. In project management terms this means that 80% of the project takes 20% of the time and the other 20% takes 80% of the time. I was reminded of this quote while searching through my mass of materials for some information. I came across some PowerPoint … Read More
It couldn’t happen in a project…surely not?
Yesterday saw the arrest of a 31-year-old man in connection with allegations of unauthorised trading which has cost Swiss banking group UBS an estimated $2bn (£1.3bn). He has been detained by police in London. Jonathan Siburn Assistant City Editor, Independent suggested: If ever there was an advertisement for splitting retail banks from investment banks, here it is. Looking for an … Read More
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