Inflated or fake project´s ROIs (Return on Investment) can finally lead to inflated corporation´s ROCEs (Return on Capital Emloyed) and to the red ink bottom lines. Too many inflated corporation´s ROCEs finally can succesfully pin down to the touch pad the Adam Smith´s unvisibe hand by well known Quantitative Easing visible hand. Such devil race can usually bring well known market and monetary bubbles which historicaly represents a full manifestation of global financial crisis. Above mentioned two wisdoms or rather approaches, are famous quotes of two wise men. The “Festina Lente - Make haste slowly“ quoted by Octavianus Augustus, Roman Emperor and the „Time is Money“ quoted by Benjamin Franklin, US President. Two wisdoms seems to stay in oposition one to another. But are they really? And even more important question, what are their implications to the global financial crisis?
Join the community. Share your wisdom - lessons or link or a question .
About 15 years ago I was a young soldier, serving in the Israeli navy. After spending a weekend at my grandparent’s house in the city of Nazareth, I was waiting at the bus station to travel back home to Tel Aviv. An old lady from a different community was sitting next to me and just like that, we started talking. Although we were neighbors, I knew very little about her culture and language. We talked for a few moments until the bus arrived. And right before I got on the bus, the old lady asked me to stay. “Let's talk a little longer,” she said, and I decided to stay and wait for the next bus, Later on that evening when I arrived home I watched the news and saw that the bus that I was supposed to go on had been bombed during a terrorist attack. That day I realized that the voices of peace are not being heard in our news, but they can be heard if we simply listen. You see, a small conversation between two women had the power to save our lives. While the world heard the news, they heard a story about those who died, I heard a story about those who are living. This experience paved my desire to seek out and share the untold stories. In my work, I am a communication skills trainer and storytelling coach. For the last 15 years, I have made it my mission to guide and inspire agents of change; managers and organizational leaders and help them to make better results.
Have you ever wondered what the "best bang for the buck" agility would look like in a team? Recently, I've been faced with a challenging task of bringing a unit of 70 independent IT squads to a reasonable level of agility in less than a year. It's worth mentioning that most of them had no serious practical experience with the framework. A fast, straightforward, and scalable approach was needed.
We as humans are well aware that we are driven by cognitive biases which impact also the outcome from decision-making processes. We have natural preferences, are too optimistic, or often go even by gut feelings when it comes to decision-making. In project management, this phenomenon is often leading to what is called the planning fallacy as we are usually underestimating efforts that will be required to deliver work items, we often underestimate the cost of delivery, and we underestimate risks that may impact project outcomes. Often - and we can see an increase over the years - such flaws are leading to project delivery failures.
We are currently fully facing the COVID-19 pandemic and trying to overcome the obstacles that this time brings to our companies and organizations. What could this situation tell us? Could we have been better prepared as managers on operational level?
An easy solution that does not require any usernames or passwords can lower the barrier of meeting people online. Privately. There are many commercially successful video conferencing platforms but in many articles you can find online the open alternative is not even mentioned. So I chose to not mention the others here. Just open alternatives. And when I say open, it means anyone is free to run an instance as part of their infrastructure or even use any of the available publicly-running instances.
We are currently fully facing the COVID-19 pandemic and trying to overcome the obstacles that this time brings to our companies and organizations. What could this situation tell us? Could we have been better prepared as managers on tactical level?
It is known that currently there is generally a shortage of skilled workforce for positions such as: manager, SCRUM Master, programmer, analyst, and others. One of the ways is to look for managerial talents amongst the students during their university studies. The question is which competencies are given to the personality of a young person and which competencies may be developed later in the process.
Some consulting and educational organizations entitle their confirmations about absolving their courses as „certificates“.
The team members cannot apply various ways of thinking to define, analyse and find al-ternative solutions for challenges and problems in projects and programmes.