Entries by Bonnie Biafore

Supporting Your Sponsor’s Decision Making

  Sponsors provide financial support, champion the project and make key decisions. So, it’s crucial that you understand how your project sponsors make decisions. By watching for these types of decision-making, you can adjust your approach to get the best decisions and support your project’s success. Fact-based decisions. Project sponsors want facts and data they […]

Project Feasibility Studies – Do’s and Don’ts

Feasibility studies help to show the potential viability of a proposed project. A feasibility study should recommend initiating a project if business conditions are right. If conditions aren’t right, the study should help management understand the risk they’re taking if they approve the project anyway. Here are do’s and don’ts when you run a project […]

With Difficult Risks, Consider Your Options

Risk management can be difficult when risks are hard to address. Some difficult risks are abandoned too quickly as unmanageable when they could be addressed. Be persistent! Here are four approaches to consider when you are struggling to derive a response to a risk. Try to reduce the probability or impact if the risk occurs. […]

Do You Need to Re-estimate Your Whole Project?

Estimating projects is never easy. There are too many variables. Team performance can be inconsistent. And even with sound risk management, issues arise. These variables can require adjustments to estimates for part of a project. Sometimes, re-estimating the entire project might be in order. Here are circumstances when a complete project re-estimation is in order. […]

Working with a Sponsorship Committee

Sometimes, the time and extent of authority needed to sponsor a project is beyond what one person can handle. In that case, a sponsorship committee is the answer. Here are tips for working with a sponsorship committee. Request an individual to represent the committee when you need quick responses. At times, you will need a […]

Common Project Approval Blockers

Critical projects sometimes die prematurely when blockers prevent projects from getting management approval. Here are some tips for addressing these common approval blockers. Your organization hasn’t established project success metrics. A lack of success criteria can raise obstacles to project approval. Is the payback period 1 year or less than that? Do you need a […]