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Dennis Nehrenheim M.Sc.'s avatar

Hey Raviraj, thx for this interesting compilation!

I enjoyed professor Bent Flyvbergs recent book “How Big Things Get Done” on this very topic.

IT projects in particular have a track record of failing spectacularly and going over budget and time. Flyvberg has memorable recommendations in his book, like “Think slow, Act fast” which interestingly we as an industry seems to have been moving away from in recent decades. He advocates for planning more and then executing as fast as possible. This is so because the longer a project takes the bigger the surface area for unexpected events (black swans) like COVID to hit.

https://www.goodreads.com/book/show/61327449

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Anton Zaides's avatar

"Staging the Value" is the most critical component in my opinion. In such projects, very often we lose the sense of why we started, and the 'sunk cost fallacy' creeps in. If the incremental value we give is good enough at some stage, we should feel confident stopping the project before the original finish line.

If it's all-or-nothing, and it takes more than a year, it will be hell (putting aside initial product launches)

Thanks for the shoutout!

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