Category Archives: Strategy

Go Ahead, Be Bold!

lightbulbI’m sure you’ve all heard that old saying, “There are old pilots, and there are bold pilots, but there are no old, bold pilots.” That adage applies just as well to project managers where ‘bold’ equals ‘risk-taking’.  I’m also sure you’ve all attended at least one management pep talk about taking risks (if so, you may now roll your eyes). Despite all the rhetoric encouraging calculated risk-taking, it is the rare PM who has not been severly punished for doing just that when the risk taken ends in disaster.

“No Risk, No Reward,” we are all told, but despite copious amounts of hard data supporting this assertion, a good risk that fails never goes unpunished, let alone rewarded. Continue reading

Vision and Mission Statements Revisited

I’m sure you have had a chance to write a vision or mission statement at one time or another in your career. In my 25 years in high-tech corporate life, I’ve seen hundreds. Unfortunately, most of them were poorly written because the authors failed to capture the true goal of a vision statement, and missed the boat completely on what they called a Mission Statement. I think the reasons for this are obvious…we were never taught how to write them properly. Isn’t that the reason for most of our problems in life? In any case, let’s begin with the Vision statement.

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