Book review: Commitment, novel about managing project risk by Maassen, Matts & Geary.

Cool, a graphic novel, brilliant idea to share ideas about the subject. The drawings are very nice. Refreshing to see the main character is a woman, who is supported by her younger sister.

The main idea of the book is about Real Options. Three things you need to know about real options;
1. They have value,
2. They expire,
3. Never commit early unless you know why.

In the story, Rose Randall is appointed project manager to a project in trouble. With the help of a kanban visualisation board she gets control of the state of project. Tasks can have only 3 statuses: ..not started….work in progress…and done. Percentages are nonsense (thank you authors).

New for me was the concept of staff liquidity. This is the time it takes for a team to respond, the time to redeploy people. Based on this concept and the real options model you allocate the most experienced people last (!) to tasks. Experienced people have to most options. This point reminds me about the super programmer you don’t want in your project and the lessons from Peter Drucker (The Effective Executive) about key man dependencies in projects. Really cool stuff.

It’s a great book, which makes you think. I enjoyed reading and thinking about it. Truly recommend it to (project) managers.

P.S;
Once a while I hear someone mentioning the phrase “failure is not an option”…hmm…after reading this book I hope is an option…..I sure don’t want people commit to failure. 🙂

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