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‘Pay-as-much-as-is complete’ – A new flexible PM system: Will it work?
Projects are inherently deliverable oriented endeavors. That is why people often use the old adage ‘begin with an end in mind’ to describe project characteristics and emphasize the importance of achieving the final objective or deliverables as the main activity of projects. While, such an approach is duly warranted and provides the required focus and clarity to start the project work, in hindsight, it also stifles the flexibility when things don’t go as planned. It won’t come as a surprise to many that projects fail and fail miserably too.