Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Free Market PM: The Trading Floor
David Schmaltz is a project manager in Takoma Park, Maryland.
Throughout history, both economies and projects have resisted a variety of strategies for “managing” them. It’s as if projects, like economies, have minds of their own. And perhaps they do. Because no one produces anything remarkable watching a clock, free market project managers create the conditions under which entrepreneurial inspiration thrives.
Editor’s Note: Part I of this series introduced the concept of Free Market Project Management, comparing centrally planned economies with centrally planned projects and finding similar patterns. Part II, “Creating Currency,” proposed the creation of a currency that holds real value for a project's “economy.” Part III, “Unfixing Prices,” compared price fixing with estimating, and presented a free market technique for unfixing the price of projects. Part IV, “Leading Indicators,” considered how free market project management monitors activity. This article explains how free trade replaces central control to create remarkable results.
“The exchange of goods and services is mutual; it is not a favor to sell or to buy, it is a transaction dictated by selfishness on either side.” — Ludwig von Mises
In a free market, buyers and sellers create economic value by trading. Buyers and sellers freely exchange offers and bids. No one compels …
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