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Titanic lessons for modern projectsDate: 05/10/2010Event organiser: APM Yorkshire and North Lincolnshire Branch
R.M.S. Titanic was considered by many, including its designers and builders to be an unsinkable ship. With redundant safety systems that used the latest emerging technologies of the day, the ship was considered so safe that it did not even need a full complement of lifeboats. Yet, a collision with an iceberg put an end to the ship on its maiden voyage and led to the deaths of thousands of passengers and crew. The sinking of Titanic is one of the worst maritime disasters ever. This presentation analyses the project that designed, built, and launched the ship, showing how compromises made during early project stages led to serious flaws in this supposedly "perfect ship." In addition, the presentation explains how major mistakes during the early days of the ship's operations led to the disaster. All of these disastrous compromises and mistakes were fully avoidable. Paying attention to how historical projects and emerging technologies of the past solved complex problems of the day provides some very valuable insights into how to solve today’s more challenging business problems. You will learn how the lessons learned from Titanic’s disaster can be applied to projects today. In modern projects, we often have situations where we believe that we have designed, built, or launched a "perfect" solution. The presentation juxtaposes the Titanic story and modern projects so that we can learn from the disaster how:
Entertaining and full of intriguing historical details, the presentation helps project managers see the impact of decisions similar to the ones that they make every day. It helps explain the story and to help drive home some simple lessons.
Mark Kozak-Holland has always been interested in tracing the evolution of technology and the 3 industrial revolutions of the last 300 years. Whilst recovering a failed Financial Services project he first used the Titanic analogy to explain to project executives why the project had failed. The project recovery was going to take 2 years and $8m cost versus the original $2m cost and 1 year duration. As a historian, Mark seeks out the wisdom of the past to help others avoid repeating mistakes and to capture time-proven techniques. His lectures on the Titanic project have been very popular at gatherings of project managers and Chief Information officers. The books from the www.lessons-from-history.com series have been written for organisations applying today's business and technology techniques to common business problems. Lessons from the past assist projects of today in shaping the world of tomorrow. The series uses relevant historical case studies to examine how historical projects and emerging technologies of the past solved complex problems. It then draws comparisons to challenges encountered in today's projects. Kozak-Holland has contributed to far reaching series of articles on Gantthead.com, DM Review, and PM Forum today. | ||||||||||||||||||