Question: Unfortunately, the Maximum Megahertz project is not an isolated example. Over the last five years, there have been three projects that were never completed. We
Unfortunately, the Maximum Megahertz project is not an isolated example. Over the last five years, there have been three projects that were never completed. We just seemed to pour more money into them, even though we had a pretty good idea the projects were dying. The cost of those projects was high; those resources could have been better used on other projects. Olaf wonders, Do we ever learn from our mistakes? How can we develop a process that catches errant projects early? More importantly, how do we ease a project manager and team off an errant project without embarrassment? Olaf certainly does not want to lose the six bright stars on the Maximum Megahertz project. Olaf is contemplating how his growing telecommunications company should deal with the problem of identifying projects that should be terminated early, how to allow good managers to make mistakes without public embarrassment, and how they all can learn from their mistakes. Give Olaf a plan of action for the future that attacks the problem. Be specific and provide examples that relate to Wireless Telecom Company.
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