Pipeline Accelerator Insight #113: Start New Products Later to Finish Earlier!
Heresy you say? Impossible?
This is one of the hardest project management insights for managers to get their heads around, but I’m serious.
By waiting to start a project until you have enough resources, you dramatically speed up execution. Not just for the new project but for everything in your new product portfolio.
Put simply, letting projects start right away, makes everything take longer.
Not only does each opportunity get fewer resources (it’s only math), but because of the inherent multitasking when you do, those resources get less work done – ouch! Here’s a simple test if you doubt the impact of bad multitasking.
So start every new opportunity on the backlog, prioritize the projects on that backlog, and then only release them when you have enough resources.
Here’s a little something to help you implement that approach
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