Author: Christopher Cook

The Latest Useless Metric

Metrics provide an effective way for project managers to track and control their projects. The list is endless. One metric you should not add to that list is quote conversion rate. The number of quotes accepted divided by the number of quotes sent out equals an estimator’s quote conversion rate.

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Negative Expected Value in Project Management

Peter Thiel funded a lawsuit against Gawker Media to take down a menace to society. He used a negative expected value calculation to move forward with the trial. The same calculation can be used to terminate a cancer on your team. Identify, dismiss, and reexamine are the three steps along with the negative expected value calculation that can be done during the termination process.

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10 Traits of Successful Project Managers

From the book “The 10x Rule” by Grant Cardone, these ten traits of successful people apply directly to project managers. One or two of these is not enough. All ten empower a project manager to inspire a team, and in turn, the team inspiring others.

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Alive Time. Dead Time. Which Will It Be?

“According to Greene, there are two types of time in our lives: dead time, when people are passive and waiting, and alive time, when people are learning and acting and utilizing every second. Every moment of failure, every moment or situation that we did not deliberately choose or control, presents this choice: Alive time. Dead time. Which will it be?” – Ryan Holiday, Ego Is the Enemy

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The Fatal ‘Disease of Me’

The stages of team development are often discussed without an aspect that will throw a monkey wrench into the entire system, ego. Hall of Fame basketball coach Pat Riley explains a team’s rise to success as the Innocent Climb shortly followed by the Disease of Me. This ‘disease’ crumbles dynasties and turns great teams into ordinary overnight.

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Let It Come to You

Idea creation can be seen as active or passive. Some seek out ways to generate ideas and are always forcing themselves to look at events and outcomes to find different ways to approach projects. Others take a more passive approach to idea generation for solving problems. This article discusses the benefits of the passive approach and ways to carve out the time necessary to apply the techniques.

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The PM Passion Paradox

“Dogs, god bless them, are passionate. As numerous squirrels, birds, boxes, blankets, and toys can tell you, they do not accomplish most of what they set out to do. A dog has an advantage in all this: a graciously short short-term memory that keeps at bay the creeping sense of futility and impotence. Reality for us humans, on the other hand, has no reason to be sensitive to the illusion we operate under. Eventually it will intrude.

What humans require in our ascent is purpose and realism. Purpose, you could say, is like passion with boundaries. Realism is detachment and perspective.” – Ryan Holiday, Ego Is the Enemy

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The 70×10 Rule of Project Management

Jim Rohn developed a 70×10 rule for money distributing his wealth into lifestyle, charity, active and passive capital categories. He gave his ideal percentages for each and told the audience to plan accordingly. Project managers also have an ideal percentage of their time. The triple constraint, personal development, and mentorship are the three categories discussed in the article.

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