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Viable Vision: Transforming Total Sales into Net Profits by Gerald Kendall

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8

Project Management

“Projects follow the two-cubed (23) rule. They take two times as long as planned, cost two times as much, and promise two times what they actually deliver!”

A recent Standish Group International study of over 13,000 projects shows 82 percent of all projects surveyed finished late,* up about 30 percent in the past three years. No wonder executives have a huge problem today in accomplishing improvements quickly and predictably enough to meet their goals. Statements such as, “We lost nine months of product sales because the project was late” or “Our stock price slid by 20 percent because we failed to meet our promise for launching the new plant” are very common. Shareholders and boards of directors are not very forgiving ...

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