Project Management Podcast: part 1

CHAOS

"The Roman bridges of antiquity were very inefficient structures. By modern standards, they used too much stone, and as a result, far too much labor to build. Over the years we have learned to build bridges more efficiently, using fewer materials and less labor to perform the same task."
Tom Clancy (The Sum of All Fears)

I must thank Cornelius Fichtner, PMP for commenting on my blog.

So the whole day I used my mobile player to listen to the below listed podcast.

Firstly, I must say that Introduction Episode is just an overview on how the podcast will be. As a practice I usually read the instructions before I answer any questions in the exam. So I have no hesitation doing so in anything else. Episodes are OK, audible and the content is appreciable.

I would like to directly jump to the Episode 3 and I will give you some insight on the other two items in the latter part of the post.

Project Failure!!!
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Yes, most of the time even we feel that the statistics of project failures are take without proper survey, cos almost all of the project we do succeed except few customer hiccups. But statistics says that 70% of IT project in the world fails.

May be project however we handle not meant to fail or its plain luck.

THE STANDISH GROUP REPORT CHAOS

http://net.educause.edu/ir/library/pdf/NCP08083B.pdf

Project Success Factors % of Responses
1. User Involvement 15.9%
2. Executive Management Support 13.9%
3. Clear Statement of Requirements 13.0%
4. Proper Planning 9.6%
5. Realistic Expectations 8.2%
6. Smaller Project Milestones 7.7%
7. Competent Staff 7.2%
8. Ownership 5.3%
9. Clear Vision & Objectives 2.9%
10. Hard-Working, Focused Staff 2.4%
Other 13.9%

Project Challenged Factors % of Responses
1. Lack of User Input 12.8%
2. Incomplete Requirements & Specifications 12.3%
3. Changing Requirements & Specifications 11.8%
4. Lack of Executive Support 7.5%
5. Technology Incompetence 7.0%
6. Lack of Resources 6.4%
7. Unrealistic Expectations 5.9%
8. Unclear Objectives 5.3%
9. Unrealistic Time Frames 4.3%
10. New Technology 3.7%
Other 23.0%

Project Impaired Factors % of Responses
1. Incomplete Requirements 13.1%
2. Lack of User Involvement 12.4%
3. Lack of Resources 10.6%
4. Unrealistic Expectations 9.9%
5. Lack of Executive Support 9.3%
6. Changing Requirements & Specifications 8.7%
7. Lack of Planning 8.1%
8. Didn't Need It Any Longer 7.5%
9. Lack of IT Management 6.2%
10. Technology Illiteracy 4.3%
Other 9.9%

Don't forget to follow the case studies on the same document.

And I would not hesitate to copy the blow conclusion in the chaos report.

There is one final aspect to be considered in any degree of project failure. All success is rooted in either luck or failure. If you begin with luck, you learn nothing but arrogance. However, if you begin with failure and learn to evaluate it, you also learn to succeed. Failure begets knowledge. Out of knowledge you gain wisdom, and it is with wisdom that you can become truly successful.

PMI Leadership Seminar:

At the moment it's a real time feeling I attained by listening to the two clips Although its still a dream for us.
Thank you Cornelius

Well guys looking forward to download all the other clips. And advise you to do so.
Please make your comments on the clips.