Types of the projects

Let’s talk about the ways of classifying the projects (not very serious).

1. To earn a money

There are the projects with direct impact on revenue, profit, cost. For instance, a change to a more productive technology, cutting expenses.

Outcome is estimated in money.

2. To mitigate some risks

These are the projects about a better manageability or directly related to an identified risk. For example, improving release or incident management in IT.

Lower risks (probability * possible impact) should be the outcome of this kind of projects.

3. To gain more loyalty

It should be a project about customer’s loyalty. I believe that quality perceived by customer also converts to loyalty. That’s why quality projects (making a service faster, stronger, better and customer journey easier) fall into this category.

Value can be measured in NPS and churn decline.

4. For passion and pleasure

Outcome can not be measured. You are engaged, maybe, to someone else’s loyalty project (type 3). But, anyway, probably, these are the most valuable projects.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: