High Performance Projects: A Speculative Model

The opportunity to accurately predict the outcome of projects through a model is an excellent way to increase the performance of any work effort. This paper by Peter Storm and Rob Jansen from the Open University of the Netherlands describe one such speculative model to predict project success. The paper lists the characteristics of a high performance project as well as how the speculative model functions. Citing the need to “borrow” the concepts used by business performance analysts, according to Jansen and Storm, the paper goes on to list indicators of project success and how to apply them to a speculative model. The paper goes on to indicate what separates a high performing team from a low performing team: for instance, a high performing team will be more creative while in the search phase of a project while a low performing team is much more pragmatic and slow to respond. The model itself works off of the results and data gathered around focus, alliance, momentum, and performance. That is, how much time the resources can dedicate to the project, how much the team recognizes the value of the project and the value of what other team members contribute, how quickly the progress of the project is moving, and finally budget performance, schedule performance, and quality performance. These factors, when calculated together, can provide insight as to whether a project will be more or less successful.

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