Summary: The art of project management involves balancing velocity and possibility, where specifying outcomes and minimizing variables can lead to quicker, more reliable, and cost-effective results. However, embracing the possibilities that arise during high-speed work can improve projects and uncover new opportunities, even though it may lead to increased costs, reduced reliability, and missed deadlines. Being open to exploring options and being willing to be wrong is essential for embracing possibility, which is easier at a slower pace than during high-speed execution. It is crucial to prioritize exploration before scaling up investments, commitments, and team size to achieve a balance between velocity and possibility in project management.
Exploring the possibilities in moments of high velocity almost certainly ensures that costs will increase, reliability will be impacted and you’ll miss deadlines. (View Highlight)
We seek both velocity and possibility, but not at the same time. (View Highlight)
