Why you need to use the 'Business Cube'

Although most companies use some combination of project management styles, a 2017 report from 'LiquidPlanner' showed that 25.5% of manufacturing companies currently use waterfall. The benefits are that it keeps training simple, shows Project progress, makes the project easy to manage, and saves time and money. But there’s a failure rate of 94.4% for all Project types. It’s important to understand that virtually all big software projects are late, or fail.  There’s some brilliant stats. on this in a Computerworld story published on Monday. Standish tracked 3,555 big-ticket projects from 2003 to 2012, and told Computerworld that only 6.4% were successful. Another 52% were over budget, late, or fell short of expectations.  And 41 percent were abandoned. These figures come from the US HealthCare.gov., and the drive towards Obamacare. There is no difference in failure rates between Waterfall and Agile projects: and no significant difference between software-based projects and Lean focused projects. The simple fact is that human-beings create and manage all types of projects: and bring their unique set of personal preferences and problems to any Profit Improvement Programme. (Article on Project failure rates, October 2013). So how does the ‘Business Cube’ handle this situation? By ensuring that your Project progress is systematically checked against the 27 Blocks, which cover all aspects of your business. This bolsters the current follow-up processes that already exist, which are inadequate.

April 2019

By Nick Jones, from the book 'Square Peg, Round Hole', 2019