Disagreement
Categories:
Professional Opinion
Categories: Professional Opinion
| Another interesting conversation broke out that is of value to all program and project management professionals. The subject matters focused on who should you believe – if anyone? A few weeks back a couple of professionals disagreed on a topic and both of them brought a business book in that supported their point of view. Each pointed out that the other side had something to gain by pressing the specific point of view that they had chosen to take on the subject matter. Both authors were reputable and their arguments and justifications were sound. The copyright date of the books happened to be in the same year – so that did not help resolve the issue. They resorted to an online search and, you guessed it, there were plenty of results supporting both sides. So, what do you do when such a predicament arises in a program or project you are managing? |
Grant the right to be wrong!
Categories:
Innovation
Categories: Innovation
| Innovation is the art and science of transformation, breakthrough, change and so much more. Currently, the most innovative countries in the world are: South Korea, Sweden, Singapore, Germany and Switzerland. The road to innovation is full of dead-ends, wrong turns and following wrong directions. There is plenty of advice and opinions as to the secrets to innovation. Perhaps the best advice I ever heard about fostering innovation is to give those working on creating the future the right to be wrong. Think about all the early light-bulb designs that Thomas Edison must have tried that did not work! |
A Growing PM Challenge
Categories:
Emerging technology
Categories: Emerging technology
| The dozen high impact emerging technologies are catching the attention of many organizations and their senior executives. They are interested in their organization capturing the strategic advantage of multiple of these emerging technologies. However, they are concerned about the potential unproven attributes and benefits these emerging technologies are said to have. One action to minimize these risks and capture first-hand insights about the benefits the emerging technologies hold within an organization is the use of prototypes/pilots. While some of these prototypes/pilots are informally managed, there is a growing number that fall under traditional project management approaches. PMs find themselves under increased pressure to relax project management controls that are commonly used within that organization. When you also add the lack of past project experience, execution data and benchmarks for these emerging technologies you get a picture of the challenge that face PMs on these type initiatives! |
Massive Cryptocurrency Market Decline
Categories:
Cryptocurrency
Categories: Cryptocurrency
| Wow !!! The 1826 different cryptocurrencies now have a TOTAL MARKET CAP of only $204,073,274,181 USD. That is a big change form the December 31, 2017 TOTAL MARKET CAP of $572,968,153,356 of the 1335 different cryptocurrencies. |
Emerging technologies do not always follow the rules
Categories:
Emerging Technology
Categories: Emerging Technology
| Many authorities in the area of global economics and business are baffled by the erratic adoption of new and emerging technologies. They want them to follow the patterns of the past. They fail to look at the current state and put it in the proper context. All they tend to look at is how that fits or doesn't fit into the context of the past! Visionaries, subject matter experts and strategist must step in and provide the current context as well as what the near-term context might look like. Force-fitting emerging technologies into what we have experienced in the past is extremely dangerous. Not only is there a chance that the emerging technology will not properly work or live up to the expectation you have for it, you could very well miss out on new opportunities that were not available prior to the introduction of the new technology.Many authorities in the area of global economics and business are baffled by the erratic adoption of new and emerging technologies. They want them to follow the patterns of the past. They fail to look at the current state and put it in the proper context. All they tend to look at is how that fits or doesn't fit into the context of the past! Visionaries, subject matter experts and strategist must step in and provide the current context as well as what the near-term context might look like. Force-fitting emerging technologies into what we have experienced in the past is extremely dangerous. Not only is there a chance that the emerging technology will not properly work or live up to the expectation you have for it, you could very well miss out on new opportunities that were not available prior to the introduction of the new technology. |
