Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Shoestring PM
Michael R. Wood is a Business Process Improvement & IT Strategist Independent Consultant. He is creator of the business process-improvement methodology called HELIX and founder of The Natural Intelligence Group, a strategy, process improvement and technology consulting company. He is also a CPA, has served as an Adjunct Professor in Pepperdine's Management MBA program, an Associate Professor at California Lutheran University, and on the boards of numerous professional organizations. Mr. Wood is a sought after presenter of HELIX workshops and seminars in both the U.S. and Europe.
When the money is flowing, the resources rich and time is on your side, almost anyone can achieve project success. But in these recessionary times, money is scarce and resources are precious--and time is definitely the enemy. Yet achieving project success is still quite possible for savvy project leaders. Believe it or not, you can use the lack of money, time and resources to your advantage and become a star performer in the eyes of your organization.
The secret to success is found in your ability to pick the right projects, deploy a lean team and execute plans with unwavering focus and urgency. While others are hunkering down and pulling back, you can boldly step forward and shine. Even as budgets are being cut, layoffs abundant and cost control once again the mantra of the day, it is possible to initiate and pursue new projects. The secret is to:
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Pick the right projects
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Pick the right team
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Pick the right approach
Here are some tactics you can use to achieve project success on shoestring budgets.
Tactic 1: Pick the Right Projects
Some might argue that the criteria for selecting projects should always be based on which projects provide the highest return and have the least risk. However, when cash is scarce and credit even more so, often the best projects to pursue are those aligned with the following …
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"There is one way to find out if a man is honest: Ask him! If he says yes, you know he's crooked." - Groucho Marx |