In a recent HBR article The Hidden Indicators of a Failing Project, author Gretchen Gavett explores why people are reluctant to bring up red flags during the course of a project. On the list of How to Manage Big Projects Differently are “check and revise your business case regularly” and “monitor what’s not being spent.” Those are two items that Con Edison’s Frank La Rocca has dealt with over the years as he’s worked to increase project success rates. It meant having a discussion about how practical it really is to only evaluate projects annually.
In an October 30th webinar, Frank, who is the energy company’s Director of Business Improvement Services, discussed how instituting a “sweep process” allowed his organization to make changes that, in the end, translated into greater ROI. How do you get started? Check out Frank’s webinar – the recording is now available on UMT360 or by clicking here. He looks at how dynamically reallocating project funds will help you optimize capital spend and increase your ROI.