#Projects #Values #SuccessVsFailure #MostArtistsAreOnASinkingShip
This was a sign in a mechanics shop to remind its workers and its clientele what happens when you don't have all three elements to successfully complete a project which is: scope, cost, and schedule. Obviously, there are more factors but most folks don't even achieve these three. Keep this in mind when attempting to do a project.
A couple examples: the current budget that has been proposed to Congress in 2017 achieves trying to start one goal at the expense of numerous other goals BUT it doesn't solve any problems. In fact, it creates much more. Being cheap is not being good or quick. Being quick is only a campaign slogan which is not good or cheap. Being good is not quick or cheap....however being Good, quick, and cheap can achieve many goals.
Additional example: The Petrobas 36 incident. Think about this and compare to the current push for a pipeline in the Dakotas.
"Here is an example of a project that cut quality because the project costs were fixed. The P-36 oil platform (Figure 2.4) was the largest footing production platform in the world capable of processing 180,000 barrels of oil per day and 5.2 million cubic meters of gas per day. Located in the Roncador Field, Campos Basin, Brazil, the P-36 was operated by Petrobras.
Petrobras P-36 Sinking Figure 2.4.: The Petrobras P-36 oil platform. P36 No 010 by Richard Collinson (https://www.flickr.com/…/richard_collin…/2083526793/sizes/o/) used under CC-BY-ND license (https://creativecommons.org/licenses/by-nd/2.0/).
In March 2001, the P-36 was producing around 84,000 barrels of oil and 1.3 million cubic meters of gas per day when it became destabilized by two explosions and subsequently sank in 3,900 feet of water with 1,650 short tons of crude oil remaining on board, killing 11 people. The sinking is attributed to a complete failure in quality assurance, and pressure for increased production led to corners being cut on safety procedures. It is listed as one of the most expensive accidents with a price tag of $515,000,000.
The following quotes are from a Petrobras executive, citing the benefits of cutting quality assurance and inspection costs on the project.
“Petrobras has established new global benchmarks for the generation of exceptional shareholder wealth through an aggressive and innovative program of cost cutting on its P36 production facility.”
“Conventional constraints have been successfully challenged and replaced with new paradigms appropriate to the globalized corporate marketplace.”
“Elimination of these unnecessary straitjackets has empowered the project’s suppliers and contractors to propose highly economical solutions, with the win-win bonus of enhanced profitability margins for themselves.”
“The P36 platform shows the shape of things to come in the unregulated global market economy of the 21st century.”
The dynamic trade-offs between the project constraint values have been humorously and accurately described in the Good, Quick, and Cheap Work photo. IJS check it all out before making decisions because it could save lives.
Petrobas 36: https://en.wikipedia.org/wiki/Petrobras_36
look below to see the photo of the Petrobas.
