Execution: Lessons
- personal995
- Jun 18, 2024
- 8 min read
Updated: Dec 6, 2024
Index
Introduction
No one, knows everything. We all make mistakes. We are never correct the first time, every time. What was correct yesterday, can often be wrong tomorrow. Continual learning is the only way to progress.
STRATEGY OF ONE does not have all the answers, but it can help minimise missteps. These Lessons are actions, principles, rules of thumb, cautions and cognitive frameworks you can use to help avoid traps and build momentum through each stage of life.
Continually review and take what you need. Absorb the Lessons that align with your Goals, and make them a part of your internal 'operating system'.
Each Lesson has accompanying quotes from great minds that can help us symbolise and remember the Lesson. That way we can more easily draw it from our memory as required.
The portrait that partners each quote is aimed to make you feel accountable. The individual lived, experience and made the effort to share the quote you are benefitting from. Now you can honour them by living up to it in your life and work.
Process
Review these Lessons as and when it best serves you to do so:
Review with the aim of prevention in mind. To avoid having to learn it the hard way yourself.
Review if you are stuck on a specific phase or step.
Review if you are making repetitive errors.
Review if you need inspiration and motivation.
Review if you need to review or reconstruct your Models & Theories.
Review if you are looking for inspiration for Values or Goals.
Absorb and action the Lessons:
Document the next most important Lessons for you to learn in your Action Plan.
Write them in your journal, if you journal.
Screenshot them and save them on your phone or computer background.
But most importantly, put them into action.
Whatever the Lesson you discover that you need to learn, whether positive or negative, it doesn't really matter. Again, what matters is what you do next.
Continually learn, continually improve and move forward.
Lessons
1. Embrace Adaptability
Plans are essential, but the ability to adapt to changing circumstances is crucial. Remain flexible and agile in your approach, allowing for adjustments as needed to keep the project on track.
"If you do not change direction, you may end up where you are heading."
Lao Tzu, Chinese Philosopher (6th - 5th century BCE)
2. Communicate Effectively
Clear and consistent communication is paramount. Ensure that all stakeholders understand their roles, responsibilities, and expectations, and maintain open lines of communication to address issues and concerns promptly.
“Words are the source of misunderstandings.”
Antoine de Saint-Exupéry, French Writer (1900 -1944)
3. Prioritize Stakeholder Engagement
Engage stakeholders early and often throughout the project lifecycle. Solicit their input, address their needs and concerns, and keep them informed of progress to maintain their support and buy-in.
"Coming together is a beginning, staying together is progress, and working together is success."
Henry Ford, American Businessman (1863 - 1947)
4. Manage Risks Proactively
Identify potential risks and develop mitigation strategies to address them before they escalate. Regularly assess risk factors and implement measures to minimize their impact on the project's success.
"Risk comes from not knowing what you're doing."
Warren Buffett, American Businessman (1930)
5. Focus on Quality
Prioritize quality in all aspects of project execution, from planning and implementation to testing and delivery. Strive for excellence and continuous improvement, seeking feedback and making adjustments as needed to deliver high-quality outcomes.
"Quality is not an act, it is a habit."
Aristotle, Greek Philosopher (384 - 322 BCE)
6. Monitor Progress Closely
Establish metrics and key performance indicators (KPIs) to track progress and measure success. Regularly monitor and analyze data to identify trends, address issues, and make data-driven decisions to keep the project on course.
"Without data, you're just another person with an opinion."
W. Edwards Deming, American Business Theorist (1900 - 1993)
7. Stay Committed to Continuous Improvement
Strive for excellence and never settle for mediocrity. Continuously seek opportunities for improvement, whether through process optimization, skills development, or adopting innovative practices to drive ongoing success.
"Perfection is not attainable, but if we chase perfection, we can catch excellence."
Vince Lombardi, American Football Coach (1913 - 1970)
8. Maintain a Clear Vision
Keep the project's overarching vision and goals at the forefront of your mind throughout the execution process. This clarity of purpose helps guide decision-making and ensures alignment with the project's intended outcomes.
"Where there is no vision, there is no hope."
George Washington Carver, American Agricultural Scientist (1864 - 1943)
9. Delegate Wisely
Recognize that you can't do everything yourself and trust your team members to handle tasks within their areas of expertise. Delegate responsibilities effectively, providing clear instructions and support as needed to empower your team to succeed.
"The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things."
Ronald Reagan, American Statesman (1911 - 2004)
10. Balance Scope, Time, and Resources
Strive to find the right balance between project scope, timeline, and available resources. Avoid the temptation to overcommit or underallocate, as this can lead to burnout, delays, or compromised quality.
"Efficiency is doing things right; effectiveness is doing the right things."
Peter Drucker, Austrian-American Consultant (1909 - 2005)
11. Emphasize Accountability
Hold yourself and your team members accountable for their commitments and deliverables. Establish clear expectations, track progress transparently, and address any issues or discrepancies promptly to maintain accountability and drive results.
"The price of greatness is responsibility."
Winston Churchill, British Statesman (1874 - 1965)
12. Stay Organized and Efficient
Maintain a structured approach to project management, including effective planning, scheduling, and documentation. Keep project files, communications, and resources well-organized to minimize distractions and maximize productivity.
"Order and simplification are the first steps toward the mastery of a subject."
Thomas Mann, German Author (1875 - 1955)
13. Practice Effective Decision-Making
Approach decision-making with a combination of data-driven analysis and informed judgment. Consider the potential risks, benefits, and consequences of each decision, and involve relevant stakeholders as needed to ensure consensus and alignment.
"Life, in part, is like a game of poker, wherein you have to learn to quit sometimes when holding a much loved hand — you must learn to handle mistakes and new facts that change the odds."
Charlie Munger, American Businessman (1924 - 2023)
Cautionary Lessons
1. Inadequate Planning and Preparation
Rushing into execution without thorough planning and preparation can result in overlooked details, incomplete requirements, and ineffective strategies. It is essential to invest time upfront in comprehensive planning to set the project up for success.
"By failing to prepare, you are preparing to fail."
Benjamin Franklin, American Statesman (1706 - 1790)
2. Ignoring Stakeholder Input
Failing to involve key stakeholders in the planning and decision-making process can lead to misalignment of expectations, resistance to change, and ultimately project failure.
"If you want to go fast, go alone. If you want to go far, go together."
African Proverb
3. Lack of Clear Communication
Poor communication can result in misunderstandings, delays, and conflicts among team members and stakeholders. It is essential to establish clear channels of communication and ensure that information is shared effectively throughout the project.
"The single biggest problem in communication is the illusion that it has taken place."
George Bernard Shaw, Irish Playwright (1856 - 1950)
4. Overlooking Risk Management
Neglecting to identify and mitigate potential risks can lead to costly delays, budget overruns, and quality issues. It is crucial to proactively assess risks, develop mitigation strategies, and monitor them throughout the project lifecycle.
"Risk is like fire: If controlled, it will help you; if uncontrolled, it will rise up and destroy you."
Theodore Roosevelt, American Statesman (1858 - 1919)
5. Underestimating Resource Needs
Inadequate resource planning, including budget, time, and personnel, can result in insufficient capacity to complete project tasks effectively. It is essential to accurately estimate resource requirements and allocate them appropriately to avoid project bottlenecks and setbacks.
"Better three hours too soon than a minute too late."
William Shakespeare, English Playwright (1564 - 1616)
6. Micromanagement
Excessive micromanagement can demotivate team members, stifle creativity, and impede progress. It is essential to trust your team and empower them to take ownership of their work while providing support and guidance as needed.
"Don't tell people how to do things, tell them what to do and let them surprise you with their results."
George S. Patton, United States Army General (1885 - 1945)
7. Scope Creep
Allowing the scope of the project to expand without proper control can lead to scope creep, resulting in increased costs, timeline extensions, and compromised quality. It is crucial to define clear project boundaries and resist unnecessary changes that may deviate from the original plan.
"It always takes longer than you expect, even when you take into account Hofstadter's Law." - Hofstadter's Law
Douglas Hofstadter, American Computer Scientist (1945 - )
8. Poor Quality Control
Neglecting quality assurance and control measures can result in subpar deliverables, customer dissatisfaction, and reputational damage. It is essential to establish quality standards, conduct regular inspections, and address any deviations promptly to maintain quality throughout the project.
"Quality means doing it right when no one is looking."
Henry Ford, American Statesman (1863 – 1947)
9. Ignoring Lessons Learned
Failing to reflect on past experiences and incorporate lessons learned into future projects can perpetuate the same mistakes and missed opportunities for improvement. It is crucial to foster a culture of continuous learning and adaptation, leveraging insights from both successes and failures to enhance future performance.
"Those who cannot remember the past are condemned to repeat it."
George Santayana, Spanish-American Philosopher (1863 - 1952)
10. Complacency and Overconfidence
Becoming complacent or overconfident in the project's success can result in neglecting critical tasks, overlooking risks, and failing to anticipate challenges. It is essential to remain vigilant, humble, and proactive in addressing potential pitfalls and maintaining momentum.
"Success breeds complacency. Complacency breeds failure. Only the paranoid survive."
Andy Grove, American Businessman (1936 - 2016)
11. Failure to Manage Dependencies
Ignoring dependencies among tasks, resources, or external factors can lead to delays, bottlenecks, and coordination issues. It is crucial to identify and manage dependencies proactively to ensure smooth project execution.
"The journey of a thousand miles begins with one step."
Lao Tzu, Chinese Philosopher (6th - 5th century BCE)
12. Ignoring Feedback and Warning Signs
Disregarding feedback from team members, stakeholders, or project metrics can lead to missed opportunities for improvement and escalating issues. It is essential to listen actively, solicit feedback, and act on warning signs promptly to address emerging challenges.
"Your most unhappy customers are your greatest source of learning."
Bill Gates, American Businessman (1945 - )
13. Poor Time Management
Mismanagement of time can result in missed deadlines, rushed deliverables, and compromised quality. It is crucial to prioritize tasks, set realistic timelines, and manage time effectively to meet project milestones and objectives.
"Time is what we want most, but what we use worst."
William Penn, English Writer (1644 - 1718)
14. Inadequate Documentation and Knowledge Sharing
Failing to document project information, decisions, and lessons learned can hinder continuity, collaboration, and organizational learning. It is essential to maintain comprehensive documentation and facilitate knowledge sharing to support project success and future initiatives.
"The palest ink is better than the best memory."
Chinese Proverb
By reviewing these cautionary lessons above you can heed their warning adjust to suit, deepen your awareness of where you can improve and compound your results moving forward.
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