Accurate Projections - The Tale of Two Project Managers

Few things will improve operational execution for contractors faster than a rigorous project review and projection process.

D. Brown Management Profile Picture
Share
Leadership Tools: Accurate Projections - The Tale of Two Project Managers.

If two projects start and end the same then why are accurate projections along the way such a big deal?  How do they help change the outcome?  

“In preparing for battle I have always found that plans are useless, but planning is indispensable.”

Dwight D. Eisenhower

It is the process of planning that creates the discipline for execution and the learning opportunities across the organization.  

This starts before the project is bid with a systematic review of the opportunity.  Is this the best opportunity to pursue given our operational capabilities and strategy?  

For projects over a certain size before the proposal goes out the door the operations team should be part of a thorough review to ensure it is constructible as proposed.  

Once awarded a thorough pre-planning process including the working budget are what sets the foundation for effective execution of the project.  

During the project there are a series of interrelated processes that ultimately lead to accurate projections including production tracking, short-interval planning (SIP), pull-planning, committed costs, daily communication and most importantly rigorous project review meetings with a cross-section of the project team.  

Predictable project execution removes a lot of risk and stress from a contracting business.  

On a scale of 0-10 how would you evaluate the accuracy of your projections over time?




Change Management Foundation
There are four foundational items that support great change management. Without these in place, you will never get the value out of streamlining the process.
Planning and Preparing for Unknowns
When faced with many unknowns, it is important to plan and prepare for multiple scenarios, while holding off on being decisive until the last responsible moment.
Succession Fact #2: Desire & Competencies in the Management Team
Succession Fact #2: No exit strategy or deal structure will create desire, alignment, and competencies in the management team. With that said, it is incredibly important that the exit strategy and structure of the deal maintains and enhances the team.