Successful project management use DICE factors to beat the odds.
Ask four different project managers what are the critical factors of successful delivered projects and you will probably get four different answers. This is because they each would have different lessons learned from their own experience.
Extensive research by the Boston Consulting Group found a correlation between the outcomes (success or failure) of change programs and four hard factors – referred to as DICE factors: duration between project reviews; performance integrity or the capability of the project team; commitment of both management and staff; and additional effort involved in implementation. Although originally developed at BCG, this has now become widespread in project and program management offices. [Continue reading]