Decide to Commit, Kill, or Transform the Project
Once you’ve decided you should do this project, you have a limited number of decisions to make. You can commit to a project, kill a project, or transform a project to increase its chances of success.
Making a commit/kill/transform decision requires data about project progress, project value, and obstacles. If your projects are all using a serial life cycle, the data doesn’t exist. In a serial life cycle, you have no data about whether this project is valuable until very near the end of the project—after you’ve spent virtually all the money and assigned people to this project, excluding other potential projects.
The problem with serial life cycles is that they do not adapt to change. Phase-gate ...
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