
Distinction between «project management» and «operation management» is essential for the role of a “project manager” to be recognized as a profession by society.
Every project should be managed professionally, the project result should be transitioned to operations, and most importantly, be closed. While a project is on execution, the project professional makes decisions to optimize value delivery, which usually materializes during the operational stage, well after the project has been closed.
In agile projects, due to management based on continuous interactions with stakeholders who validate increments toward the final result, ensuring value delivery is not usually a problem.
In predictive projects, however, it is possible for value to occur and the project to be a failure, or vice versa: the project might be a success but ultimately not deliver value.
Value Driven in Predictive Projects
Let’s set an example: A project to rebuild a house. The construction company should complete the project on time, on budget, according to the design, with the expected quality, etc.
The project was a success, but the operation is a failure.What if the project takes twice as long and costs twice as much, but delivers much greater value than expected? The house becomes the envy of the town, wins awards, gets featured in magazines… The operation is a success, but the project was a failure.
The operation is a success, but the project was a failure.It is common for people to forget management failures in projects. A recent example is the launch of the James Webb Space Telescope, which experienced a cost overrun of 8 billion dollars and a delay of 12 years. It came close to being canceled by the U.S. Congress in 2011. Fortunately, the Webb is sending amazing images since July 7, 2022. Astronomers say it’s like seeing the universe with new eyes. It will continue operation until 2030. When projects are transitioned to operations, and everybody can see the results and the value delivered, people tend to forget the management failures of the project phase. This is natural. This is like the mother who forgets how bad her pregnancy was when she sees her baby’s face. Conversely, project professionals have to learn from mistakes to not make them again.
As project professionals, we have to learn from mistakes to not make them again.