As much as we’d all like to say we’re good at multitasking, working on multiple projects comes with multiple risks. When you multitask, your attention is torn in different directions and your efficiency goes down. For some reason, we tend to believe that this doesn’t apply to a team, and that more people automatically means an ability to take on more projects. Pawel Brodzinski says this isn’t the case. Multitasking is just as dangerous for teams of people, because the team isn’t going to think of itself as sub-teams working on different projects. They will constantly be discussing the work and looking to each other for help, and as a team you can’t fault them for that.
More Projects = Less Value?
Too many projects can actually decrease instead of increase the value of your portfolio. If the team is doing too much, they won’t be able to concentrate on what the individual value of each project is. Value is already hard enough to identify, so much so that what the customer wants and what the project team delivers may end up being two different things. Don’t take that chance. Try to identify which project is the most valuable for you to add to your portfolio right now, and don’t concentrate on too many things at once. Remember that multitasking can also lead to multiple failures.
Read the entire article here:http://brodzinski.com/2013/12/portfolio-management-value.html