Tactical Ideas for Agile Budgeting, Part 1

Too often, organizations want to budget for an entire year. The managers run around for two or three months in advance of that fiscal year, attempting to predict a ton of things: Estimates for not-well-defined projects or features, Capital equipment or tool needs, “Headcount” aka, people needed. Then, the organization doesn’t finalize the budget until …

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 …