- Project Execution
- Business Execution
- Mgt Accounting
- Open Workforce
- Decentralized Trust
- DATA SCIENCE
- Structured, Reliable & Connected Data
- Behavioral Statistics & Machine Learning
- Integrated Mgt System
- System Architecture
- Security & Reliability
- Application Framework
- High Customizability
- Module Connectivity
- Flexible Deployment
- Project Execution with Blockchain
A filling-in-the-form type of computerization on the surface looks very similar to a transaction-oriented (blockchain) system, but the two types of systems actually are sky-and-floor different from information reliability standpoint. The filling-in-the-form type of systems are 100% controlled by humans and information can be manipulated during the information is being entered and changed after it is entered and other people won’t be able to notice. If people know the fact that the management information is unreliable, when they have a choice of being honest to their disadvantage or being dishonest to their advantage, some would choose "dishonesty to their advantage".
In order to understand the power of project mgt with blockchain, one must understand the state of the practices of project mgt without blockchain today.
- How reliable is project mgt information today without blockchain data storage model?
The difficulty of project mgt coming from the unreliability of project mgt information triggering and promoting human’s dishonesty. Exactly how unreliable is project mgt information? PMP students often learn from their instructors that a project can make artificial progress such as 50% -> 60% -> 70% ->80% -> 90% complete and then suddenly come back down to 50% complete even with no major changes in requirements. This tells you that the project progress can be lies on top of lies until everyone knows that no one can say the project is 100% complete or the project will need to be actually finished.
If you closely examine the commonly used project mgt tools, you will find the computerized transaction is the entire project plan document and no traceability how and when plan B, C and D were merged into plan A. As a result, things similar to what is described in the diagram below happen.
- How reliable is project mgt information using 8Manage?
The reliability (transparency and incorruptibility) of the blockchain data storage model is the key in solving the problem mentioned above. From data reliability standpoint, using 8Manage for project activities is very similar to using a CDM/ATM which has the current status or balance and incorruptible past interaction and transaction records.
8Manage’s Work Breakdown Structure (WBS) can also tracks every single project activity or deliverable associated with the audit trail (blockchain). It also displays a single view of accurate plan & execution information to everyone in real-time to totally eliminate the misperception caused by multiple versions of the truth.
The high reliability of project mgt information in 8Manage keeps people honest which is the essence of mgt.
- Project plan and execution are inseparable (always linked together by the system)
If plan and execution do not go hand in hand, unnecessary complications, such as the following, will need to be managed manually to maintain a valid plan to guide the team:
a) Manual checks will be necessary to ensure that no one forgets to update the changed dates and dependencies of his deliverables
b) Manual checks will be necessary to ensure that no one forgets to submit his deliverables for review as required
c) Manual checks will be necessary to ensure that no one forgets to review the deliverables that they are supposed to review
And a project can easily have hundreds, thousands or even tens of thousands of dates, dependencies and deliverables and it is asking for trouble if plans and execution results are automatically linked by the system.
Another symptom of disconnect between plan and execution is “multiple plans”. “Multiple plans” cause serious accountability issues since each team member will follow the version of plan that is closest to their own deliverable status; but that does not help the team to function in an orderly manner.
In 8Manage, plan and execution are inseparable and there is always one and only one current plan that everyone shares.
- Scope and communications are managed together
Because of human limitations, it is often difficult to communicate requirements in a single exchange (as stated on the left). 8Manage fosters an iterative approach to delivery and acceptance of requirements. By using 8Manage to plan requirement deliverables, people are encouraged to start early and plan multiple iterations of exchanges. This allows more time to deal with mental transfer of requirements and the planned multiple iterations will encourage discipline.
8Manage provides Realty Check (which is an on-demand real-time questionnaire service) to detect human communication disconnects as stated on the left. The awareness of such disconnect will help both sides find ways to improve.
Human communication is a complex and imperfect process. 8Manage compensates such inadequacy by encouraging early dialogue; injecting discipline; and detecting problems at the earliest possible time so that the participants involved will have time to express themselves properly.
- Accountability and results are clear and transactional (recorded with incorruptible data)
Having the name of a person next to a deliverable with a due date in a project plan does not automatically equate to a firm commitment from the person. Accountability and commitment should be clear and explicit. When a commitment and result will affect deliverables from multiple people, then the commitment and result must be visible to all the people concerned.
8Manage helps to structure work in a natural manner where proper accountability and commitment will be enforced. When someone changes her commitment, 8Manage will notify the affected parties. 8Manage also provides dashboard notification to warn people of possible over-commitment and helps people to understand the risks for a vague commitment (where one does not really know what one is committing to or the degree of difficulty of the effort) and of over-commitment. These occurrences do not help the individuals or the project as a whole.
Clear results (whether a deliverable is accepted or not) is very important for enforcing proper accountability. Poor end results are often caused by the unclear measure of immediate results. 8Manage provides the following to facilitate result management:
- Setting digital policies for review and acceptance
- Real-time alerts for review and acceptance results
- Real-time dashboards and periodical email of reports
- Accountability and results can be made clear to all stakeholders by using the above features in 8Manage.
- Resource needs and dependencies are clear and explicit
8manage helps project team members to manage this complexity by:
a) Making the resource and deliverable dependencies as explicit as possible
b) Automatically tracking indirect dependencies
c) Automatically detecting bad dependencies and warning people as needed (i.e., a deliverable being late that will cause other deliverables to be late)
Resource sharing and dependencies can increase the complexity of managing a project tremendously. For economical reasons and because of the scarcity of expertise, resources are often shared. Work breakdowns make dependency issues unavoidable in almost any project.
- Power to access to and manage more external resources
8Manage can extend your access to multiple sources of talents that aren’t not under your control. By using 8Manage Open Request function, you can even let the suitable talents come and find you.
8Manage also allows you to define digital rules how the deliverables will be reviewed and accepted and how the resources will be paid. Being able to improve your access and management of external resources will help run your projects more effectively.
- Issues and risks are automatically tracked and escalated
Issues and risks can complicate a project. If not managed well, they can even halt a project. 8Manage provides a framework to manage project issues and risks in an orderly manner to reduce complexity.
Managing issues and risks by itself is complex. An issue can be one of the following:
- 1. a non-issue (e.g., just somebody’s misunderstanding)
- 2. a defect report
- 3. a change request
- 4. a needed action
- 5. a risk
An issue can also be associated with a resource, a deliverable, a lower level activity, a higher level activity or a project.
A risk can have:
- Negative impact
- Positive impact
A risk can have different levels of probability (remote to highly likely), a different priority (yield to unac- ceptable) and different types of methods (avoid, transfer, mitigate, accept) to manage it.
The aggregated view of issues and their resolutions is also needed in order to manage issues in an orderly manner.
- Project and people performance can be observed in real-time
A deliverable or milestone is late one day at a time. When a project suddenly needs to slip its schedule by several months because the problem or lateness wasn’t detected at the earliest possible time. When project plan and execution are separable, deviation is detected at the earliest possible time. When responsibilities and accountabilities are tracked by the system, people’s performance problem can be detected at the same time.
Being able to keep people honest, eliminate excuses and manage people’s performance effectively perhaps is the most IMPORTANT feature of project mgt tools.
- Best practices are both encouraged and enforced with digital rules
Traditionally, standards and best practices are documented on papers. Because different people interpret them differently, or misunderstand them, standards and best practices are often empty statements for political purposes. They are often disregarded, not followed to improve project results.
8Manage provides a Project Template facility to allow the defining of best practices, and the Policy facility to encourage and enforce best practices during execution.
Due to the fact that a static view and a dynamic view are often different, during project execution, people often find certain needed controls lacking and certain procedures unnecessarily clumsy; consequently adjustment to the policies is needed. 8Manage allows the governance body to adjust the policies to enable project execution to continue.
Without the integration of the static and dynamic views, standards and best practices often look good on paper but are not practical. The traditional way of solving the problems is by adding policies and making the standard and best practices document thick and impossible to read, and impossible to carry out such instructions during execution. 8Manage solves this problem by beautifully reducing complexity, allowing people to see both static and dynamic views and to make adjustments incrementally.