IDEAS

Change in 'project anchors'.
Such changes may require product modification or even targeting a different market.

What to do about it!
The project manager needs to be aware of each of the following anchors. A change in one can effect a change in one or more of the others and consequently influence the PD process.
  • Project costs.
  • Contracts and agreements.
  • Project schedule.
  • Management system (including rules, traditions & culture).
  • Resources.
  • Team tenure.
  • Team capabilities.
  • Product costs.
  • Product characteristics.
  • Acts of Encumbrance.
Examples:
If someone needs to add new product characteristics, the product cost may go up, the project costs may increase, the schedule may be extended or a new team member may be required to design the changes. If a valued team member is transferred to another project, valuable knowledge, experience and 'another pair of hands' being lost can extend the project schedule and increase the project cost.

For a further detailed discussion about Project Anchors see:

Product Development: Where do you start? By Dick Haney

 
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©2003, Richard M. (Dick) Haney
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