Organisations tend to be fairly poor at defining their projects in terms of criticality and risk. Yet these are key attributes when it comes to deciding how much management and governance a project needs.
Instead, the importance of a project is often seen as directly related to how large it is, how many people are involved, how long it will last and how much budget is assigned.
Yet it’s often the small projects that get completely out of control, experiencing scope creep, or eating up resources before it gets onto the radar of the project’s sponsors. (more…)