Project Management Fairytale

It is never about the Taxi (Project methodology) . It's about the passenger (Stakeholder)
The Passenger (Stakeholder) needs to be driven to his destination in a vehicle by the Driver (Project Manager).

Driver needs to understand where the passenger needs to go , how fast (Requirements)

Stakeholder Needs to arrive at the destination satisfied (customer satisfaction, Quality), on time (Schedule Management ) and within budget . (Cost Management) .

Stakeholder can negotiate if the ride is going to be as per Meter (Time and Materials) or would the Driver like a certain amount of money (Fixed Price). Driver may agree for Fixed Price if he has done similar taxi rides to similar destinations before (expert Judgement, Analogous estimation, Well defined scope)

Driver must know the way (Plan) , make the passenger comfortable at all times(Communication and stakeholder engagement) , be polite (Stakeholder engagement). There could be unexpected diversions (Risks and issues) along the way, roadworks, accidents etc which is not driver's fault but driver should know and suggest alternate ways (Change Request) to get to the destination if this happens .

Finally driver should receive payment (Close contract and Close Project ) , can tip the driver (Incentive Fee) and Passenger should be satisfied with the ride (Verify Scope)

Wow !! How brilliantly Tom and Deepesh shared the things. Hats off to guys.

Taxi and Stakeholder concept was really great. This story could be share with the team members as real time example to understand the importance of PM.
Thanks for sharing it with us.

Great project managers simplify complex issues, they explain things in a clear and inspiring way. Tom and Deepesh, you have shown us you are both great project managers.