Escape from mediocrity

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Escape from mediocrity

  1. 1. An Escape FromMediocrity
  2. 2. 86% Overbudget
  3. 3. Consequences of Delayed, Over Budget Projects
  4. 4. Don’tStress Us Out!
  5. 5. Top 5 in 5 To achieve excellence in execution, deliver a consistent product to our clients which complies with ourcontractual obligations, and seeks toexceed expectations while achieving planned financial results"
  6. 6. Buildabetterproduct
  7. 7. HighQuality
  8. 8. Planning 1
  9. 9. Time Spent Planning Reality 16 months Forecast 12 monthsPlanning1 month
  10. 10. Vision
  11. 11. ScheduleReschedule Float
  12. 12. Optimism bias
  13. 13. BlackSwan
  14. 14. Communication 2
  15. 15. Honesty &Transparency
  16. 16. Strategic Misrepresentation
  17. 17. Getting Answers(Not just the ones you want!)
  18. 18. Discipline 3
  19. 19. “A No‘ utteredfrom the deepest conviction is better than a Yes merelyuttered to please, or worse, to avoid trouble.”
  20. 20. Project Plan 1/2 way ENDFEED of Refinery FEED of Refinery FEED of RefinerySimulation Simulation: Simulation: (4 more cases) (4 more cases)PFD’s PFD’s PFD’sH&MB H&MB H&MBFEED Lv Calcs Detailed Lv Calcs Detailed Lv CalcsP&ID’s P&ID’s P&ID’s Add distribution Add distribution Technology studyScope Creep Feedstock change
  21. 21. Bikeshedding
  22. 22. Literary referencesBent Flyvbjerg et al. (2002). Underestimating Costs in Public Works Projects, APA Journal, vol.68, No. 3, Pg. 279.Steen Linchtenberg et al. (2005). How to avoid overruns and delays successfully, Proposed ICEC Journal.Nassim Nicholas Taleb. (2007). Black Swan. Random House.Daniel Kahneman. (2011). Thinking Fast & Slow. Farrar, Straus & Giroux.Photo ReferencesBrown Cow http://ponyridingby.blogspot.ca/2011_11_01_archive.htmlTigers in water http://www.ck12.org/user%3AeWVvbWFubWlrZUBzYXlkZWwubmV0/book/Saydel-Biology-Flexbook/r13/section/22.0/Mammals-and-Animal-Behavior-%253A%253Aof%253A%253A-Saydel-Biology-Flexbook/Gandhi http://www.wallpaperswala.com/mahatma-gandhi/Dog with burger http://myfangalicious.files.wordpress.com/2011/12/img_87372.jpgOil refiner http://tropicaldaily.com/nicaragua/mega-oil-refinery-project-brings-both-hope-and-concern-to-nicaragua/Glass half full http://hd.wallpaperswide.com/thumbs/glass_of_water_half_full-t2.jpgButterfly http://www.turtok.com/wpcontent/uploads/2012/10/Glass_wing_or_clear_wing_butterfly_Wallpaper_h6675.jpgLying http://www.ionpsych.com/wp-content/uploads/2011/03/lying-main_full1.jpgShed http://www.junglecatmedia.com/wp-content/uploads/2012/04/shed0039.jpgCoughing http://img4-2.realsimple.timeinc.net/images/stock-images/man-coughing_300.jpg

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