Cost Accounting is a Problem for Agile (and Knowledge Work)

The more I work with project portfolio teams and program managers, the more I understand one thing: Cost accounting makes little sense in the small for agile, maybe for all knowledge work. I should say that I often see cost accounting in the form of activity-based accounting. Each function contributes to some of the cost …

Why Cost is the Wrong Question for Evaluating Projects in Your Project Portfolio

I read Sayonara Sony: How Industrial, MBA-Style Leadership Killed a Once Great Company, and was struck by how the company appeared to make decisions—what will make us the most money now? If you make your project portfolio decisions based on money, estimated cost, you too will have Sony’s problems. This is why cost is the …