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Rita Gunther McGrath

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Famous Rita Gunther McGrath Quotes

“If your business is anything like our exemplar firm, or indeed like most companies we have worked with, the projects you have committed to complete represent over 100 percent of your carrying capacity. This can have surprising effects on the length of time each project takes to complete. For instance, imagine a project that will take a skilled software developer six months to complete. The lead time to completion if this person is working full-time on the project is six months. Divide this person’s time between four projects, however, and three-quarters of the time, each project is being ignored by the person. The lead time to completion of all four projects stretches to two years! Delays like this can be deadly in a world where speed matters.”

WorkBusinessManagementHuman ResourcesProject ManagementOrganizational CultureInefficiencyRoadmaps
Book:The Entrepreneurial Mindset: Strategies for Continuously Creating Opportunity in an Age of Uncertainty
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“This much being said, don’t get trapped into microallocating people’s time. Allocating personnel-months is sufficient for most projects of any strategic significance.”

WorkBusinessManagementTime ManagementProject ManagementOrganizational CultureMicromanagement
Book:The Entrepreneurial Mindset: Strategies for Continuously Creating Opportunity in an Age of Uncertainty
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“Here is the key point: Once you have determined how many projects you can support, and what mix of projects you need to support your strategy, similar projects must compete against other similar projects for budget and staff for the resources dedicated to that category of project. Let’s say that you have decided to allocate 20 percent of your available resources to positioning options. Any new candidate for getting resources that is a positioning option should compete for that 20 percent against all the other positioning projects. They shouldn’t compete against other kinds of options or against platform or enhancement launches. This ensures that you will pick only the very best positioning options for your portfolio. What’s more important, it gets you out of the constant tug-of-war between short-term and long-term projects. The strategic choice is how many of your resources you will put into each category. Then within each category, the very best projects should compete against one another for consideration.”

BusinessEntrepreneurshipProject ManagementPortfolio ManagementResource Allocation
Book:The Entrepreneurial Mindset: Strategies for Continuously Creating Opportunity in an Age of Uncertainty
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