Wisdom from NASA on Project Management

While reading John Tolva’s blog I came accross some NASA wisdom around projects and I quote:

“If a major project is truly innovative, you cannot possibly know its exact cost and its exact schedule at the beginning. And if in fact you do know the exact cost and the exact schedule, chances are that the technology is obsolete.”
— Joseph G. Gavin, Jr., discussing the design of the lunar module* that landed NASA astronauts on the moon.

Now at IBM we strive to be innovative for the customers we serve … does this mean that we as Project Managers should not be bound by fixed project cost and fixed project schedules?

Being innovative means that some leeway must be provided for.  To be innovative also means that there is no history and/or experience on which costs and schedules can be based.  However what goes hand in hand with this is to make sure you have good Risk Management processes in place since being innovative also means that one must take more risks.

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Budget day in South Africa

Yesterday was budget day here in South Africa.  First surplus budget (this probably mean that the income will be more than what the goverment plan to spend). 

From first glance it seems to be a very balanced budget.  Lot of money going to education which is a good thing and even more needs to be done. Our future in this country depend of good education and we (meaning us and the government) need to do everything to make sure each and every kid in this country gets the best education possible.  What I realy would like to see done is that educational expences become tax deductable.

Glad to see that tax on pension funds is abolished.  We as ordinary citizens will get a bit of tax relieve.  Companies will get some and then obviously some money for the 2010 Soccer World Cup.

Now lets hope that the money that Trevor gave out get to where they suppose to go and not into the pockets of some corrupt government official.

Some links:

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