Crisis create opportunities and issues – COVID-19 is no different

Two new and related posting on our website:

Negotiating in the midst of uncertainty. This article takes a proactive look at what’s needed to come through a crisis in the best possible shape.  It suggests the negotiating approach needed is very different from ‘business as usual’.  Click to download the PDF.

Contact Termination. This new White Paper looks at the risks and challenges associated with terminating a contract when all else fails. It helps explain why in 40 years I have never seen a lawyer proactively seek to terminate a contract! Click to download the PDF.

Our PMKI library contains over 300 papers and articles in an indexed hierarchy. To explore more see: https://mosaicprojects.com.au/PMKI.php

GAO Cost Estimating and Assessment Guide Updated

The venerable Cost Estimating and Assessment Guide (Cost Guide) has been updated for the first time since 2009!  Published in March, the 2020 version of the Cost Guide has been significantly improved.

Some of the changes include:

  • Better alignment of best practices, cost estimate characteristics, and cost estimating steps
  • Clarification of some of the best practices and their related criteria
  • Additional content in technical appendixes and revision or deletion of others
  • Update case studies and references to USA government legislation and rules
  • Modernization of the Cost Guide’s format and graphics.

The Cost Guide defines the four characteristics of a good estimate: comprehensive, well documented, accurate, and credible. It also incorporates 18 best practices and shows how the best practices align to the four characteristics. Additionally, it introduces the 12 steps of the cost estimating process that produce reliable estimates, and shows how the best practices align with the 12 steps.

Earned Value Management (EVM) remains central to the Cost Guide’s approach to managing the delivery of a project once the estimate is approved.

As with the previous version, the Guide can be downloaded free of charge from: https://www.gao.gov/products/GAO-20-195G

For more on cost management see:
https://mosaicprojects.com.au/PMKI-SCH-040.php

New Articles posted to the Web #89

BeaverWe have been busy beavers updating the PM Knowledge Index on our website with Papers and Articles.   Some of the more interesting uploaded during the last couple of weeks include:

You are welcome to download and use this information under our free Creative Commons licence.

Visit our PMKI Library for free access to many more papers and articles: https://mosaicprojects.com.au/PMKI.php

New Articles posted to the Web #88

BeaverWe have been busy beavers updating the PM Knowledge Index on our website with Papers and Articles.   Some of the more interesting uploaded during the last couple of weeks include:

You are welcome to download and use this information under our free Creative Commons licence.

Visit our PMKI Library for free access to many more papers and articles: https://mosaicprojects.com.au/PMKI.php

Probability -v- luck. Should we give up our day-job?

Based on a successful day at the races, 5 winners and one place from 8 bets, this article looks at the balance between luck and process in achieving the result.  Our conclusion is that you should not confuse luck with skill. Good processes will help build success, persistence will generate more opportunities for you to be lucky, and skill or capability will shift the odds in your favour, but randomness rules!

To quote Coleman Cox: I am a great believer in Luck. The harder I work, the more of it I seem to have.

Click to download the PDF.

For more papers on risk and probability see: https://mosaicprojects.com.au/PMKI-SCH-045.php#Process1

Innovation and Design Thinking

Design ThinkingInnovation requires two things:

  1. Someone has to have an innovative idea!
  2. The organisation to have processes to turn the idea into something valuable.

Neither happens routinely by accident. This article looks at what’s needed to create innovative ideas, and then look at one of the ways to transform the best of the ‘bright ideas’ into something useful, ‘Design Thinking’.  Click to download the PDF.

For more papers on initiating the right projects see: https://mosaicprojects.com.au/PMKI-PBK-005.php

Philosophies & Principles Used to Shape Planning Approaches

Any output from a planning process is a consequence of the approach applied by the planner to develop their plan.  Different people will develop different plans to achieve the same objectives based on their knowledge, experience and attitudes. This influence can be ignored or, if better understood, exploited!

This article outlines the fundamental principles and philosophies that can be used by planners to develop their plan: https://mosaicprojects.com.au/Mag_Articles/AA001_philosophies_of_planning.pdf

For more papers on schedule strategy and design see: https://mosaicprojects.com.au/PMKI-SCH-010.php#Process3