$100,000 lessons from the World of Blackjack

Posted on May 17, 2013 by

A wonderful kick off keynote address at PMXPO 2013 by Jeffery Ma. Losing $100,000 in two hands of blackjack, Jeffrey Ma recovered his confidence through teamwork, trust, creativity and goal-setting. Here are some wonderful points to ponder and reflect upon from his address.

Learn & follow basic strategy

4x mistakes are made due to inactivity verses activity.

Always focus on making the right decision, not necessarily the right outcome.

Don’t have a loss aversion attitude. Think about what will help you win more.

What is the most important factor when hiring people? That you can trust them. Trust of competency and trust in the person. Provide people with context not control and let them do their job.

 

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Can we get there?

Posted on May 17, 2013 by

Agile:

Start small, try fast, learn fast, no fixed budgets, be very flexible.

 

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A doctor attends 30 meetings a day, what’s your number?

Posted on May 15, 2013 by

30 is the average number of patients that a doctor sees every day. Move on to the next patient, you have 12 minutes to make an assessment on someone’s life.

How many meetings a day do you attend as a project manager? Is your window of attention more than 12 minutes? Maybe you are becoming like today’s doctors, constantly moving to the next meeting, no time to stop and ask how people are doing?

 

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Poverty, education, environment, conflict in the Middle East

Posted on May 10, 2013 by

are problems that require us to think at a higher plane.

So are team morale, customer perception and priorities.

How about you start thinking about these for your project on this wonderful spring Friday?

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