Investment Management

agile, Brexit, CIO, Investment Management, Leadership, Lean, Lean PMO, Politics, Stability, Strategy

A Nifty Article Fifty Breakdown


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If you are a UK CIO you have a lot to think about if June 8th takes article 50 to its natural conclusion…

Here is a nifty breakdown from CIO.com..

“The major milestones for CIOs to keep an eye on include the following:

  • U.K. parliamentary review of Great Repeal Bill (Late 2017): This will provide the first opportunity for an initial assessment of legal impacts on managed service agreements and other IT contract documents.
  • Royal assent of Great Repeal Bill (Mid 2018): At this point, any gaps in the legislation should be addressed, enabling IT organizations to confirm legal impacts and initiate contractual change activities.
  • Brexit negotiations wrap up (Fall 2018): This will create clarity the regulatory, operational, audit, and reporting impacts on IT services.
  • U.K. Houses of Parliament, European Council, EU Parliament, and remaining 27-member Parliament vote on deal (Early 2019): This will confirm IT impacts and enable CIOs to begin related IT change programs
  • Transition period begins (March 2019): CIOs can structure timelines for completion of IT projects to address necessary digital transition and transformation requirements.”

http://www.cio.com/article/3189040/it-industry/how-brexit-will-impact-global-cios-and-it-services.html

However, with all these (less face it) rather boring boxes to tick and cross there will be little resource to deal with the ever increasing pace of change within the wider economy.  As such, the threat of Brexit is not just one of legal and commercial wrangling (Although that will certainly feature heavily).  The real issue is going to be that already stretched IT departments are going to be hit with “Regulation, Regulation, Regulation” when they also have to deal with “Innovation, Innovation, Innovation”.

If Brexit goes ahead the latter is likely to be the biggest casualty.

So how can the CIO keep pace with this?

During this period 3 things will be key to the post-article 50 CIO:

  1. A razor sharp focus on investment in the biggest IT return.  Yes Brexit projects will HAVE to happen but others will need to be picked for their direct impact on organisational outcomes.  This might be revenue or reputation, either way it will be high on the agenda.
  2. Use of Agile to ensure that those BAU projects are kept on track.  Agile methods and techniques such as KANBAN will be needed more than ever to keep visibility high.
  3. IT departments will need to become product centric and better at marketing than the marketing department!  No-one will use your internal product let alone your external one if your team can’t break through the noise of Brexit.

Magic Milestones has a number of services specifically designed to give you maximum bang for buck in times like these.  Read more here.. https://magicmilestones.com/services/

Investment Management, Negotiation, Product Management, Project Management, Project Office, Stakeholder Management

Plagued by Seagulls


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Looking out onto the Cornish coast this morning I was having a lovely relaxing time. Then the gulls came..

Apologies if there are any gull lovers out there but for me these creatures are pretty awful. Ever since one nicked my cheesecake next to the Sydney Opera House I’ve never quite forgiven them as a species. They have circled me menacingly and dive-bombed me in a Kayak. They have kept me awake at 4am with their incessant child-like wailing. They have deposited the unthinkable over my lovely new coat. They are something I could live without. However, they are there and I do unfortunately, have to live with them.

But why are seagulls relevant to delivery management?

The seagull is the person who circles overhead or stalks you on the ground. For some reason your project is both enticing and toxic to them. They poop from on high over your delivery efforts or else they just peck at your feet. Either way dealing with Sea Gulls on a project is irritating and tricky.

Pellet guns are not allowed

As tempting as it may be, shooting Seagulls is illegal. Likewise on a project that option is not the best to pursue and may indeed get you fired.

So what is the best approach, if circled by a seagull?

Identification

Know your Seagulls. They could be lurking anywhere and strike at any time. The common ones are:

  1. Security experts. They play a vital role and that role involves swooping in when you least expect it.
  2. Technical Architects. Beware not having this person on side. If you break the rules be prepared for the inevitable whitewash of your technical plans.
  3. Finance bods. Less Seagulls and more rug pullers but the effect is the same. If they aren’t bought in they will ruin your delivery plans.
  4. Members of department under-going change. Perhaps the least expected and most prevalent they can undermine a change at the last possible moment leading to certain failure and a possible pecked head. These guys tend to come in pairs.

Don’t

  • Try to get them fired. This may backfire like the pellet gun approach.
  • Avoid them. Ever tried avoiding a Seagull? They don’t get the hint.
  • Feed them. If you are doing a bad job at delivery or stakeholder management you are doing their job for them. Try not to get distracted or they will nick your cheesecake when you aren’t looking. They may even tell everyone it was theirs to begin with.

Do

  • Involve them as soon as it is practical to do so
  • See their point of view. Seagulls have their own agenda. They are feathering their own nests. How can your project help them? Work it out and see if your agenda can align more with theirs. It may not be possible but worth some thought.
  • Keep them out of pecking distance but make sure you know they aren’t roosting nearby. Keep them in the communication loop and make sure that others know their intentions. Otherwise, they could potentially shoot you out of the water with an argument that disrupts your project entirely.
  • Pre-empt their arguments and prepare your defence.

sunSince I’ve been writing this the Seagulls have gone and the sun has even come out.  Waiting is another option as Seagulls are often on the look out for other threatening projects and their attention can be deflected elsewhere.

Just make sure yours isn’t their focus today and grab a large umbrella if they start losing their proverbial cannons.

 

 

 

 

Entrepreneurship, Failure, Investment Management, Philosophy, Product Management, Strategy, Teams, Uncategorized

The Boy and the Starfish


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When the tide is coming in..

You need a team or a consultancy that can focus on solving one problem at a time.

A man was walking along a deserted beach at sunset. As he walked he could see a young boy in the distance, as he drew nearer he noticed that the boy kept bending down, picking something up and throwing it into the water.
Time and again he kept hurling things into the ocean.

As the man approached even closer, he was able to see that the boy was picking up starfish that had been washed up on the beach and, one at a time he was throwing them back into the water.

The man asked the boy what he was doing, the boy replied,”I am throwing these washed up starfish back into the ocean, or else they will die through lack of oxygen. “But”, said the man, “You can’t possibly save them all, there are thousands on this beach, and this must be happening on hundreds of beaches along the coast. You can’t possibly make a difference.”
The boy looked down, frowning for a moment; then bent down to pick up another starfish, smiling as he threw it back into the sea. He replied,

“I made a huge difference to that one!”

Author Unknown

 

agile, Failure, Investment Management, Lean, Project Management, Project Office, Scrum, Strategy, Uncategorized

Why do only 2.5% of companies successfully deliver 100% of their projects?


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PricewaterhouseCoopers reviewed 10,640 projects worldwide and found that only 2.5% of the companies successfully completed 100% of their projects.

Is this because people are incompetent?   It’s a sad look out for man kind if so.  However, the reality is likely more complicated..

  1.  People can’t concentrate on more than one thing at a time http://bit.ly/1etgh4B so as organisations are made up of people, that applies collectively to organisations as well.
  2. The more time we have to do something the less we achieve.  Take Kickstarter projects as just one example http://kck.st/1VjLaSi  Kickstarter changed the maximum length of a campaign from 90 days to 60 days in 2011 after realising that campaigns that ran for the full 90 days were successful only 24% of the time much less successful than shorter campaigns (over 44%).
  3. As humans we naturally radically under or over estimate what we can achieve.  Unlike pigeons(!) we use contextual information which can lead to biased judgments of interval duration, thereby reducing the precision of these estimates.  http://bit.ly/1XDbbKU

This is why at Magic Milestones we work on 3 themes:

  1. Creating a stable focused team Agile Experts
  2. Focusing on ‘the next right thing’ Lean PMO
  3. Creating a delivery culture using Lean Start-Up and Agile techniques.  Using hard data as a basis for predictions and planning we baseline performance then improve an organisation through  Consultancy & Training

Read more about why we do what we do via Our Story