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Walking The Time Rope On Your Projects : RUSSIA 2018 FIFA WORLD CUP PM TIPS(2)

by with No Comment Project Management Insights

Efficient use of time can be the most Critical Success Factor on a project as the late goals drama on Russia 2018 FIFA World Cup Groups A&B matches played on Friday 15th June, 2018 display.

 

All decisive goals were scored within the last two of the 90 minute timeline a regular football match (project) is played.

Uruguay vs Egypt- 89 minutes #EGYURU

Iran vs Morroco  – 90 minutes   #MARIRN

Portugal vs Spain- 88 minutes  #PORESP

What’s the lesson for a PM Manager or Project participant. It is the conventional wisdom that “any day lost in the life of a project cycle cannot be regained.”

Increasing your efficiency with the use of time can be gained with the use of appropriate tools.

Do you need to link up with Time management tools and coaching services on your projects? Give us a shout at Projects Advisory Services & Solutions

info@passolutions.com.ng

akino@passolutions.com.ng

 

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COVID19 And The Need For More Social Impact Projects

by with No Comment Project Management Insights

“You are one sickness away from a gofundme“. This statement was made by a Nigerian radio commentator on a world cancer day program, Feburary 4, 2020. He (the commentator) was saying that gofundme, an example of a crowdfunding website used by people in need to raise donations has become one way people get resources for expensive health projects like cancer treatment.

Cancer may be a growing health problem across the world. In fact, only wealthy/well managed countries can invest in costly health facilities for treating the cancer like Chemotherapy equipment and drugs.

What of COVID19 that had the whole world in emergency mode?

Which kind of social impact projects could saved the lives of the nearly half a million people who have died from the widespread virus infection?(Reported figures as @ May 30, 2020> https://ourworldindata.org/covid-deaths)

The planned benefits of social impact projects that include public health issues like COVID19 really do go beyond smart financial returns. Investing in social impact projects should become a priority for many organizations, communities, financiers and countries. There is a big challenge for sectors most hit badly by COVID19 to include social impact projects in their Project Governance Management i.e policies and processes on projects.

Once again, these are some of the top sectors affected by COVID19:

#COVID19: Risk Map By Sector

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Q1 Review Year 2020: How COVID19 Took Over Projects Around The Globe (Part 1)

by with No Comment Project Management Insights

Q1 REVIEW (Year 2020): HOW  COVID19 TOOK OVER PROJECTS AROUND THE GLOBE.

  • Public health concerns started as a moderate risk for projects in some parts of the globe in Quarter One of Year 2020.
  • The COVID19 pandemic became a severe risk to projects in virtually every sector and country of the world.
  • Project Scheduling, Cost Variation, Contract Re-negotiation and Risk mitigation are some of the biggest project management issues to look at critically for the rest of the year.

If a story will be told of YEAR 2020, it will be titled “How COVID19 Silenced The Entire World”. And that includes projects and the practice of Project Management (PM). The Projects Advisory Services and Solutions outlook for the year picked public health as one of the major sectors to attract a lot of attention but no one saw the COVID19 pandemic coming so so big!

In this review of the first quarter of Year 2020, we discuss the major events and trends that have shaped our outlook and indeed the global world of Project Management.

Here’s a snapshot of the Projects Advisory Services and Solutions outlook for Year 2020 again:

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Walking The Time Rope On Your Projects (RUSSIA 2018 FIFA WORLD CUP PM TIPS-2)

by with One Comment Project Management InsightsProject Management Maturity

Efficient use of time can be the most Critical Success Factor on a project as the late goals drama on Russia 2018 FIFA World Cup Groups A&B matches played on Friday 15th June, 2018 display.

All decisive goals were scored within the last two of the 90- minute timeline a regular football match (project) is played.

Uruguay vs Egypt- 89 minutes #EGYURU

Iran vs Morroco  – 90 minutes   #MARIRN

Portugal vs Spain- 88 minutes  #PORESP

What’s the lesson in this for a PM Manager or Project participant. It is the conventional wisdom that “Any day lost in the life of a project cycle cannot be regained.”

Increasing your efficiency with the use of time can be gained with the use of appropriate tools.

Do you need to link up with Time management tools and coaching services on your projects? Give us a shout at Projects Advisory Services & Solutions

info@passolutions.com.ng

akino@passolutions.com.ng

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Good Team Spirit Can Win You Project Goals (Project Management Tips From RUSSIA 2018)

by with No Comment Project Management Insights

Here are some very smart tips on building good team spirit to achieve excellent goals on developing and managing projects. They are from  Velibor “Bora” Milutinović , a former Serbian football player and coach who has the joint top record of leading  **5** different national teams to the quaternary FIFA World Cup Tournament.  He sure knows about Team Building! 

“Bora” Milutinović , Team Spirit Article On Goal. Com– https://goo.gl/9nnCcz

 

 

Build A Group                                                                                                               Be Efficient

    

 

                                                                         

 

 

                                                                             

  Have Good Leadership

                                                                                         

 

 Character is Top Soft Skill   

 

        Accountability for Everyone

                 

 

 

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MALAYSIA MH370-OCEAN INFINITY DEAL: The Performance Contract Model For Getting Efficient Value On Your Project Costs ?

by with No Comment Project Management Insights

The most exciting breakout project deal of the year 2018 has been the agreement to resume the search of the missing Malaysian MH370 plane by Ocean Infinity, a private American Tech company. This deal will catch the attention of any project manager looking for efficient ways of controlling cost and execution rate on a project.

 

 

 Here are the key facts of the Maylasia MH370-Ocean Infinity Aircraft debris Recovery Project: 

Key Features of the MH370-Infinity Ocean Agreement

 

Ocean Infinity, which deploys Autonomous Underwater Vehicles (AUVs)- a kind of new technology in seabed exploration, will get paid in this arrangement on a sliding scale:

$20 Million = If the debris field, cockpit voice recorder or flight recorder are found within the first 5,000 sq km searched.

$70 Million = If the listed items are found outside the initial 25,000 sq km area searched.

 

IN WHICH  SETTINGS CAN YOU USE A PERFORMANCE CONTRACT?

Malaysia’s deal with Ocean Infinity agreement is a textbook example of a performance contract; which emphasizes payment per phase/results. The cost control strategy of the performance contract will come in handy for you if you are a project owner or project manager planning, designing or managing a project with the following kinds of features:

 

  • A Venture project: In an untested market especially with a new application/technology where results have not been proven. The MalaysiaMH370-Ocean Infinity debris search project is a good example. This is the first time Autonomous Underwater Vehicle (AUV) technology to be deployed by Ocean Infinity will be so used.

 

  • Critical public infrastructure/utility: Where it is important to have good ROI- Return and Value for money. Public Private Partnerships can really benefit from this because of the strong need for future performance, ensuring quality and a strong maintenance regime especially in economies like Nigeria where serious issues like mismanagement are a challenge.

 

  • High Risk Environment: A performance contract can be used to drive a project towards a higher achievement rate; especially in an environment or terrain with economic and natural hazards where it will be unsafe to tie down resources to unpredictable output. One can also get better value for money by paying per project phase as visible results roll in. This works well especially if you are operating a lean purse. Technology development, product trials, market penetration projects across various sectors are very qualified for this.

 

Developing Your Project Plan/ Portfolio, use our P.A.S.S Boost services at PasSolutions to get the design/ arrangement perfect for your projects. Contact: info@passolutions.com.ng / akino@passolutions.com.ng

 

 

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WHAT TO LOOK FOR BEFORE YOU SHOOT FOR A PPP (PRIVATE PUBLIC PARTNERSHIP) IN AFRICA: TIPS ON NIGERIA (2)

by with 2 Comments Project Management Insights

 

PPPs (Public Private Partnerships)- a type of arrangement between governments and private companies to  finance, design, construct and run  infrastructure projects; are a growing fashion in Sub Saharan countries like Nigeria.

Here are a few tips on what to look out for before you say “I do” to a Public Private Partnership in Nigeria:

 

[eltdf_dropcaps type=”square” color=”Gold ” background_color=”Green”]I[/eltdf_dropcaps]Know your “Government” Partner

A popular saying in Nigeria is “government business is nobody’s business”. However, in reality, just like everyone, governments do have a face, personality and attitude. These are areas you can look out for to know how a government may act up in a PPP.

#Respect for due process: Will a government allow best PM practices to be carried out without playing the Godfather or interfering

#Integrity: Does this authority keep her words

#Rule of law: Does the government in question respect binding agreements, court orders?

#A Human face: Does the government have any records of violating human rights?

The government you are planning to partner in a PPP can treat you in similar or worse ways they treat others!

 

[eltdf_dropcaps type=”square” color=”Gold ” background_color=”Green”]2[/eltdf_dropcaps]Where to look?

The platforms listed below, provide up to date information on governance, performance of PPP projects, human rights and due process in Nigeria.  This is just for guideline; you can expand your facts checking/due diligence using ideas from them:

 

ICRC PPP Contracts Disclosure Portal  

The official web portal of the Infrastructure Concession Regulatory Commission provides updated information on the life cycle and peformance of PPPs in Nigeria.

 

 

 

 International Centre For Investigative Reporting

One of the leading platforms for investigative reporting in Nigeria, the International Centre for Investigative Reporting gives well rounded coverage and reviews of the social impact and performance of projects in Nigeria.

 

 

World Bank Group Infrastructure & Public-Private Partnership Blog

The World Bank PPP Blog offers diverse opinion and analysis of Public-Private Partnerships in various economies including Nigeria.

 

Did you find this blog post useful for your planned PPP proposal? Need To get a robust Stakeholder Analysis done? PasSolutions(Projects Advisory Services and Solutions) delivers complete Stakeholder analysis services for your project design including important output documents such as the Needs assessment, Feasibility studies,  Environment & Social Management Framework(ESMF), Environmental Impact Assessments (E.I.A)

Contact: akino@passolutions.com.ng

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WHAT TO LOOK FOR BEFORE YOU SHOOT FOR A PPP (Private Public Partnership) IN AFRICA: TIPS ON NIGERIA (1)

by with No Comment Project Management AdvisoryProject Management Insights

 

“Do not be careful of Africa; be excited for its potential”

https://www.facebook.com/nasdaily/videos/935030406649112/

PPPs (Public Private Partnerships)- a type of arrangement between governments and private companies to  finance, design, construct and run  infrastructure projects; are a growing fashion in Sub Sahara Africa!

Projects valued around $93billion every year, need to come alive in African countries like Nigeria to bridge the infrastructure deficit. They are currently 60 PPP projects under development in Nigeria with a significant funding gap to cover and improve sectors such as education, health, energy and telecommunications.

Private sector companies and investors (both foreign and domestic) will find the opportunity to engage government/public sector in Nigeria for PPPs arrangement exciting (for long term profit and social impact). There are clear cut policies and running regulations like the Infrasturcture Concession Regulatory Commission (ICRC) Act of 2005, the National Policy on PPPs etc

Here are a few other SMART tips for private sector companies and investors shooting for a partnership with the government or public sector in Nigeria need to keep in mind.

What to look out for before you shoot for A PPP in Nigeria? 

Read the complete post. Click HERE