Page 24 - Accounting Best Practices
P. 24

c02.qxd  7/31/03  12:47 PM  Page 13
                                                                                              13
                                Why Best Practices Fail
                                   change in general, or has a personality clash with someone on the implemen-
                                   tation team. In any of these cases, the person must be won over through good
                                   communication (especially if the employee is in a controlling position) or
                                   removed to a position that has no impact on the project. If neither of these
                                   actions is successful, the project will almost certainly fail.
                                 • Lack of control points. One of the best ways to maintain control over any
                                   project is to set up regular review meetings, as well as additional meetings to
                                   review the situation when preset milestone targets are reached. These meetings
                                   are designed to see how a project is progressing, to discuss any problems that
                                   have occurred or are anticipated, and to determine how current or potential
                                   problems can best be avoided. Without the benefit of these regular meetings,
                                   it is much more likely that unexpected problems will arise, or that existing
                                   ones will be exacerbated.
                                 • Lack of funding. A project can be canceled either because it has a significant
                                   cost overrun that exceeds the original funding request or because it was ini-
                                   tiated without any funding request in the first place. Either approach results
                                   in failure. Besides the obvious platitude of ‘‘don’t go over budget,” the best
                                   way to avoid this problem is to build a cushion into the original funding
                                   request that should see the project through, barring any unusually large
                                   extra expenditures.
                                 • Lack of planning. A critical aspect of any project is the planning that goes
                                   into it. If there is no plan, there is no way to determine the cost, number of
                                   employees, or time requirements, nor is there any formal review of the inher-
                                   ent project risks.  Without this formal planning process, a project is very
                                   likely to hit a snag or be stopped cold at some point prior to its timely com-
                                   pletion. On the contrary, using proper planning results in a smooth imple-
                                   mentation process that builds a good reputation for the project manager and
                                   thereby leads to more funding for additional projects.
                                 • Lack of post-implementation review. Though it is not a criterion for the suc-
                                   cessful implementation of any single project, a missing post-implementation
                                   review can cause the failure of later projects. For example, if such a review
                                   reveals that a project was completed in spite of the inadequate project plan-
                                   ning skills of a specific manager, it might be best to use a different person in
                                   the future for new projects, thereby increasing his or her chances of success.
                                 • Lack of success in earlier efforts. If a manager builds a reputation for not
                                   successfully completing best practices projects, it becomes increasingly dif-
                                   ficult to complete new ones. The problem is that no one believes that a new
                                   effort will succeed and so there is little commitment to doing it. Also, upper
                                   management is much less willing to allocate funds to a manager who has not
                                   developed a proven track record for successful implementations. The best
                                   way out of this jam is to assign a different manager to an implementation
                                   project, one with a proven track record of success.
   19   20   21   22   23   24   25   26   27   28   29