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Perhaps
you are familiar with the Big Dig in Boston. At a currently
estimated cost of $15 billion dollars it is the most expensive construction
project in U.S. history. This project, to sink seven miles of elevated
highway underground, was estimated at its groundbreaking in 1991
to take ten years and cost $2.5 billion. Construction continues
today and the end is nowhere in sight.
The
"Big Dig" uses a variety of project management software
tools. Although currently the project employs only 800 project managers,
it has employed as many as 1600 during the peak years. These managers
have used their software to forecast missed deadlines and cost overruns
on a regular basis.
Project
management software is a great tool for organizing complex project
work and
determining the critical path. It is also frequently
used to explain how project problems create a chain reaction that
causes delays in subsequent milestones.
Used
in this manner, project management software often provides justification
for project delays. Relying on software to predict completion dates
guarantees that original milestones will not be met. Many project
teams never even save their original milestone dates, thereby eliminating
any means to compare their forecasted completion dates to those
actually achieved.
Milestone
forecasts are the independent variables that drive a variety of
activities. If these forecasts are inaccurate, the following items
will also be inaccurate:
- Human
resource forecasts Timing of spending on capital and expense
- Coordinated
links to other projects or activities
When
milestones are inaccurate, project management efforts are wasted.
MILESTONE
MANAGEMENT SUGGESTIONS:
- Work
with your team to set realistic milestones.
- Save
original milestones and keep them in front of the team.
- When
problems arise, encourage the team to seek creative means to maintain
the original milestones.
- Provide
incentives and rewards for achieving milestones on time.
- Conversely,
enforce penalties for failing to achieve milestones.
Copyright
© 2001-2003, Beacon Hill Technologies. All rights reserved.
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