To celebrate the recent publication of Fergus O’Connell’s The Project Management Book, we have given you an inside look at his introduction to how to run successful projects in half the time.
“In 1990, I was working for a US software company, running its European product development and customer support operation. One day, our project managers asked whether I would give them a little lunchtime talk on project management. Immediately, I said yes – and then, through bad project management practice, I promptly forgot.
An hour before the talk was due to begin, I suddenly remembered where I was supposed to be – I grabbed a piece of paper and wrote down what I thought was the ‘recipe’ for a successful project. It resulted in the development of the ten steps presented below.
The Project Probability of Success Indicator (PSI)
The ten steps aren’t equally important and below they have been ranked in accordance with their weight, which conveniently adds up to 100.
What these weightings enable us to do is to score the project on these criteria. The score is the project’s Probability of Success Indicator (PSI) – a measure of how likely or not the project is to succeed. At any point during a project’s lifetime, the score can be figured out to assess its progress.
There are three versions of the PSI – simple, intermediate and advanced. The one shown above is the simple one. A simple PSI can be performed to check the project’s ‘vital signs’.
As we’ll see in part four of this book, this simple tool has a whole variety of uses.”
– Fergus O’Connell, The Project Management Book
More about The Project Management Book
Business is becoming increasingly project-based and our ability to manage projects has become one of the key skills for success as managers and business people. This compact guide, written by a leading project management expert, gets to the heart of successful project management.
Project management is not complicated – many projects may be complicated, but project management itself is not. By following a set of simple rules and applying simple techniques, there will be no need for the expensive project failures that we often see. Moreover, as this book shows, projects can be significantly shortened by again using simple ideas and techniques. Anyone who manages projects will find this book helps them to save time, effort, resources, and money.
Fergus O’Connell is a leading consultant and trainer in project management. He is the author of 15 business and self-help books, including the bestselling Simply Brilliant (Pearson). He is based in the UK.
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