Planning and Executing Projects Considering The Rule of Three and Four

Stable industries require a well-defined, largely predictive approach to managing projects. Less stable environments, by contrast, require a more adaptive approach – to both strategy and project management. This post explores an old rule in strategy for stable industries, the Rule of Three and Four. It looks at the impact it has, when it applies … Read more

Apply the Experience Curve Concept to Strategy and Project Management

The idea of the Experience Curve has been around for over 50 years. While businesses, organizations, and markets have evolved, the Experience Curve concept survives and can be very useful for informing decisions, shaping strategy, and guiding implementation. The post explores the origins of the Experience Curve, important nuances to consider, and how it can … Read more

For Commercial Projects and More: Define Economies of Scope

Economies of scope broaden rather than narrow the focus of an organization. It’s like choosing to be a generalist rather than a specialist. While this may seem to apply more to commercial organizations, it does apply to just about any type of organization. This post seeks to define economies of scope which, like economies of … Read more

Use a Gap Analysis Diagram Identify and Manage Projects

Gap analysis is something that we do naturally when we identify that we want vs what we have. On an organizational level, this natural process requires a more proactive approach that is much more formal, disciplined, and detailed. This post examines what gap analysis is, where it is applied, and its challenges and benefits. Basic … Read more

Project & Program Management and the McKinsey 7S Framework Model

McKinsey’s 7S Framework provides an established and proven model for assessing an organization’s readiness to successfully deliver objective results. A strategy may seem sound, but if the right elements within the organization are not in sync, it will be difficult to implement effectively. Used for over 30 years, the McKinsey 7S Framework Model is focused … Read more

The Nadler Tushman Congruence Model: Many Uses in Project Management

The Nadler Tushman Congruence Model is a useful approach to identifying potential issues with project and change execution at the organization, team, and individual level. It can identify gap areas that need attention, and can help steer toward solutions that will work in the context. Basics of the Nadler Tushman Congruence Model The Nadler Tushman … Read more

How the Natural Monopoly Graph Can Inform Project Planning and Execution

Business environments run the gamut from purely competitive to near monopolistic conditions. Most environments are a hybrid and have both highly competitive and monopolistic elements. The post examines the occurrence of natural monopolies, which are rich in projects and where many PMs work. Projects in a monopoly environment have different drivers – drivers that can … Read more

Ansoff Matrix Model: Explanation, Advantages, and Disadvantages

The Ansoff Matrix Model is a useful tool for visualizing strategic options for product companies. It can be useful for devising strategy, presenting to stakeholders, and for collaborating about direction. It can help project managers with planning execution, and especially with assessing strategic risks. Ansoff Matrix Model Explanation The Ansoff Matrix Model, developed by mathematician … Read more

Strategy Framework Canvas: How to Pick the Right Strategy Framework

The Strategy Framework Canvas is useful in helping a strategist match the right strategic framework to the situation. It can also be useful to implementers, including project managers, to sharpen efforts in project scoping, risk management, managing the schedule, identifying and handling stakeholders, and using project metrics. This post explores the factors that influence the … Read more

A Unique Stakeholder Management Matrix to Untangle Family Business Complexity

While large organizations have complex stakeholder relationships, smaller – sometimes very small – family businesses can have a deceivingly complex web of stakeholder relationships. This post explores the nuances of those relationships for project managers working on projects in, or involving, family enterprises. The resulting stakeholder management matrix is quite different from the standard matrix … Read more