Episode 078: How to Avoid Pouring Good Money into a Bad Project
This week The PMO Podcast™ Featured Story presents, "How to Avoid Pouring Good Money into a Bad Project", presented by Mark Perry (about Mark), host of The PMO Podcast™. Why is it that we ever so often decide to pour more funds and resources into a failing project? The answer might be that there has been an escalation of commitment. The key is to be mindful and take care to not let the personal pressure create an environment where risk of failure, project and personal, creates undesirable situations and bad decision making.
The PMO Podcast™ Points Memo presents, “Say it with a smile." One of the most important things your project managers and teams can do is to offer a friendly smile or a happy hello. It takes less than a few seconds to do, but the affect and good feeling imparted lasts so much longer.
The PMO Podcast™ Mailbag answers a listener question about what can be done about the sales team making customer commitments that can't be met.
The PMO Podcast™ is sponsored by BOT International, the provider of Processes On Demand, a PMO Setup solution used by more than 1,000 companies.
