Journey: Big Picture of Project Management

GPM JOURNAL VOL 1., MARCH 2024

CONTENTS

Summary: Five factors cause massive project failure. Wrong initiatives contradict business logic and produce outcomes that few people want, bring little value, or undershoot advantages because they are difficult to implement. A second factor is unreasonable limits, such as insufficient cash, personnel, time, or other inputs. Undue complexity, when projects span several teams, business divisions, countries, and organizations and suffer volatility, uncertainty, and ambiguity, and poor leadership kill initiatives. Over- or under-management is the final project hurdle. Smart firms should hire project management professionals as senior executives, mandate clear protocols and governance, and empower project managers to avoid these mistakes.

Summary:The crash of the Marine F-35B fighter jet on Sept.17 in South Carolina places an uncomfortable spotlight on a $1.65 trillion program. Thankfully, the pilot ejected safely and there was no serious injury. The preliminary reason for the latest crash is suggested as “malfunctioning.” The estimated cost of this aircraft is about $100 million.

Summary:The crash of the Marine F-35B fighter jet on Sept.17 in South Carolina places an uncomfortable spotlight on a $1.65 trillion program. Thankfully, the pilot ejected safely and there was no serious injury. The preliminary reason for the latest crash is suggested as “malfunctioning.” The estimated cost of this aircraft is about $100 million.

Summary:The crash of the Marine F-35B fighter jet on Sept.17 in South Carolina places an uncomfortable spotlight on a $1.65 trillion program. Thankfully, the pilot ejected safely and there was no serious injury. The preliminary reason for the latest crash is suggested as “malfunctioning.” The estimated cost of this aircraft is about $100 million.

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