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Project Management, Planning and Control, 6th Edition by Albert Lester

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Appendix 6

Words of Wisdom

Cash flow More businesses go bust because of poor cash flow than low profitability
Cash flow A bird in the hand is worth two in the bush
Claims You need three things for a successful claim:
(1) Good backup documentation
(2) Good backup documentation
(3) Good backup documentation
Communication Listen carefully before talking; you have two ears and one mouth
Communication Read twice, write once (for examinations)
Contract A verbal contract isn’t worth the paper it’s (not) written on
Control The wheel that squeals gets the grease
Delegation Don’t keep a dog and bark yourself
General If it looks wrong, it probably is wrong
General If it looks too good to be true, it probably is
General A wise man learns ...

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