Posts tagged “Lessons

Project Management Lessons from Iraq Reconstruction

Posted on October 25, 2013

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Lost opportunity is the underlying theme of the final report from the Special Inspector General for Iraq Reconstruction. $60 billion in U.S. taxpayer dollars, and billions more in Iraqi funds, was spent across more than nine years of stabilization and reconstruction operations. An estimated $8 billion was wasted, in part due to poor program management. A few reported lessons for next time your project: Plan Ahead Plan in advance, plan comprehensively and in an integrated fashion, and have backup plans ready to go. In retrospect, the Iraq reconstruction experience looks like nine one-year programs rather than one nine-year program. Set Accountability Require robust oversight from the operation’s inception. Establish clear ownership, roles and responsibilities. Ensure unity of command and unity of effort. Your project organization…

Management Lessons from the Deepwater Horizon Disaster

Posted on April 8, 2013

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On April 20, 2010, the Deepwater Horizon mobile offshore drilling unit exploded in the Gulf of Mexico while drilling the Macondo well 49 miles off of the Louisiana coast. The explosion killed 11 workers, started a massive oil spill and resulted in tens of billions of dollars of economic damage. Based on the findings of The National Commission on the Deepwater Horizon Oil Spill and Offshore Drilling,  the disaster was a culmination of management failures by BP, Transocean and Halliburton. We should learn from their mistakes. Background In March 2008, BP paid $34M to the Minerals Management Service for an exclusive lease to drill in a nine-square-mile plot in the Gulf of Mexico. BP served as the legal operator for this block, and Macondo…