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Advanced Multi-Project Management by Kathleen Austin, Gerald Kendall

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6. Strategic Buffering—Insulating Projects from Variability

The Premise

“This year’s [2009] results show a marked decrease in project success rates, with 32% of all projects succeeding which are delivered on time, on budget, with required features and functions,” says Jim Johnson, chairman of The Standish Group. This means that out of the thousands of projects surveyed, most did not succeed to insulate themselves against variability, resulting in failure to deliver on time, on budget, and within scope. It also implies that within the thousands of project management books available, most do not appear to have the desired impact. Why not? It is our opinion that a few common practices held precious by many in the project management world are ...

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