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CONTROLLING CHAOS pg. 26
>> “Black swans” are completely unexpected events that can shake a project portfolio to its core.
>> Even if project professionals can’t predict what will cause a crisis, they should
devise a risk-mitigation plan to deal with such events.
>> Contingency planning, some redundancy and constant communication with
stakeholders help mitigate the risk of these “unknown unknowns.”
A FRESH (RE)START pg. 36
>> Projects that are stalled once are likely to be stalled again.
>> When restarting a stalled project, obtain a complete history of the effort by talking to
past team members and stakeholders, and examining past documentation.
>> Those leading these projects must be prepared to handle frustrated and unmotivated teams.
DOUBLE THE STAKEHOLDERS pg. 44
>> The Indian Air Force worked with Lockheed Martin and the U.S. Air Force to create a
fleet of C-130J all-digital military aircraft.
>> Finding commonalities and ensuring constant communication helped project managers
satisfy the demands of the high-profile stakeholders.
>> Up-front rigorous requirements review and earned value management led to delivery of
the first of six aircraft on budget and ahead of schedule.
WHAT IT’S LIKE OUT THERE pg. 50
>> In troubling economic times, no project professional’s job is safe. Prepare for possible
unemployment by keeping your résumé and network up to date.
>> Sometimes working on projects pro bono can be the factor that gets you an interview.
“When a project is restarted, and there is
no continuity on some
level or there is no clear
sponsor support, it is
very difficult for the new
project management to
be successful. But if the
support of the sponsor is
unreserved, the project
management team can
do miracles.” —Theofanis Giotis, PhD, PMP, 12PM Project Management Services, Athens, Greece
RITE OF PASSAGE pg. 60
>> Seasoned veterans should take the time to properly coach young project teams. Getting
to know their strengths and weaknesses will result in greater efficiency.
>> Delegating small portions of a project and slowly handing over more responsibility
empowers those new to the profession to brainstorm creative solutions and ideas.
The amount of time it
took to complete the