PM Podcast Interview
There is an old PM saying that goes like this: Projects don’t fail at the end... they fail at the beginning. But when exactly is “the beginning”? Is it scope definition? The kick off meeting? The creation of the charter? For me it is even earlier than that. Listen to the interview I gave to my friend Cornelius Fichtner on his website "PM Podcast".
Female voice: The Project Management Podcast’s feature Interview: Today with Jamal Moustafaev, author, speaker and portfolio management expert.
Cornelius Fichtner: Hello Jamal, welcome back to The Project Management Podcast™.
Jamal Moustafaev: Hi, Cornelius! How are you doing?
Cornelius Fichtner: Very well, thank you! So we want to talk about your book: “Delivering Exceptional Project Results – A Practical Guide to Project Selection, Scoping, Estimation and Management.” But before we even go to that, what do you love about portfolio management? What made you write the book?
Jamal Moustafaev: Well, I don’t know if this is the love thing. But I can share some of the information that I share on the pages right at the beginning pages of my book, some statistical data that was gathered by researchers and scientists in the field of project and portfolio management. With your permission, I’ll share it with you and your listeners.
Well, it looks like most of the companies if you look at the companies, if you look at the strategic level, project portfolio management level which is the selection of the best projects for the company. Statistics looks something like this: 84% of companies either do not conduct business cases for their projects or perform them on selected key projects; 89% of companies rely solely on the financial data which is notoriously unreliable; 84% of companies cannot adjust their projects with their business needs which cost something because of the changing environment.