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?
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Developing customer-facing practice among employees
In most of the projects we focus too much on the tasks to fulfill and the goals we have to achieve. As good project managers we have learned that well defined goals are those that are under our control. But the project's environment is heavily competing who realy decides about success of fail of the project.
The project does not fitt in with the client’s overall strategic vision.
Why is the project stakeholders analysis important?
Imagine you have during the year couple of situations where the system/Product you provided to client is not available for use, i.e. client is not able to use it.
The stakeholders are not prepared for some disruptions in their organisations and private life, following the implementation of the project results.
Poor analysis of the animosities against project. Detracting the protests of the project opponents.
Unknown attitudes and expectations of all relevant project stakeholders
Manager successfully directed and communicated with stakeholders of what project or process plans, actions and benefits will be.