Life lessons from Project Management

01Sep09

I have recently read an article in Project Management Today magazine, about being involved in projects and the difficulty of bringing them successfully to completion. No doubt it is not easy at all to stop a project, be it so that we might be blinded by several factors on the way – one being the must-do task of completion itself, no matter whether the project is itself successful in the first place.

Some featured causes for the reluctance of stopping a project are:

–          Emotional attachment

–          Confirmation trap

–          Where’s my next job

–          Fear of not reaching personal goals

–          Fear of disappointing the sponsor

–          Sunk-cost bias

If your project is not what it should be, would you rather stop it or go on with it changing things on the way? Which is your immediate goal?

We encounter such projects in our every-day lives. The important point is to be aware of your motivations and how they match the actual environment and state of things.

Example: Is it a good time to renovate the living room? Can I really do it myself? Do I need to borrow money for this? Is it too big of a hassle at the moment? Do I need to do it because of my own personal goal and sense of achievement? Can I rather hire someone to do it?

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One Response to “Life lessons from Project Management”

  1. Thanks for the post. Emotional factors are very important in Project Management (as Project Management is, according to the PMI, 90% communication). Emotional attachment to the project whether by the Project Manager or the stakeholders can result in a great project or a failure with massive losses (eg. not killing a project when you have to). This article on killing projects, tackles the issue where stakeholders are attached to an already dead project, and how to deal with this situation.


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