{"version":"1.0.0","segments":[{"speaker":"Galen Low","startTime":23.42,"endTime":25.79,"body":"Why is it suddenly"},{"speaker":"Galen Low","startTime":23.42,"endTime":25.79,"body":"so important that project"},{"speaker":"Galen Low","startTime":25.79,"endTime":27.89,"body":"leaders start treating their"},{"speaker":"Galen Low","startTime":25.79,"endTime":27.89,"body":"projects as investments?"},{"speaker":"Stephen Devaux","startTime":28.07,"endTime":31.130000000000003,"body":"If we don't"},{"speaker":"Stephen Devaux","startTime":28.07,"endTime":31.130000000000003,"body":"treat projects as investments,"},{"speaker":"Stephen Devaux","startTime":31.520000000000003,"endTime":33.71,"body":"then what do we focus on?"},{"speaker":"Stephen Devaux","startTime":34.1,"endTime":35.72,"body":"Cost, budgets."},{"speaker":"Stephen Devaux","startTime":35.870000000000005,"endTime":39.650000000000006,"body":"So as a result, finance"},{"speaker":"Stephen Devaux","startTime":35.870000000000005,"endTime":39.650000000000006,"body":"departments, which often"},{"speaker":"Stephen Devaux","startTime":39.650000000000006,"endTime":43.96,"body":"have no clue about how"},{"speaker":"Stephen Devaux","startTime":39.650000000000006,"endTime":43.96,"body":"projects are done, they have"},{"speaker":"Stephen Devaux","startTime":44.010000000000005,"endTime":45.5,"body":"a huge amount of weight."},{"speaker":"Stephen Devaux","startTime":45.620000000000005,"endTime":50.42,"body":"Frequently, by spending"},{"speaker":"Stephen Devaux","startTime":45.620000000000005,"endTime":50.42,"body":"another $5000, we may"},{"speaker":"Stephen Devaux","startTime":50.42,"endTime":55.28,"body":"increase the return on"},{"speaker":"Stephen Devaux","startTime":50.42,"endTime":55.28,"body":"that project by $50,000."},{"speaker":"Stephen Devaux","startTime":55.370000000000005,"endTime":56.93,"body":"Wouldn't you like to do that?"},{"speaker":"Galen Low","startTime":57.11,"endTime":58.85,"body":"The impact of"},{"speaker":"Galen Low","startTime":57.11,"endTime":58.85,"body":"a project, that return on"},{"speaker":"Galen Low","startTime":58.85,"endTime":60.08,"body":"investment, is it always money?"},{"speaker":"Stephen Devaux","startTime":60.32,"endTime":61.19,"body":"Absolutely not."},{"speaker":"Stephen Devaux","startTime":61.4,"endTime":65.299,"body":"Projects are often used"},{"speaker":"Stephen Devaux","startTime":61.4,"endTime":65.299,"body":"to save lives in fields"},{"speaker":"Stephen Devaux","startTime":65.299,"endTime":68.47,"body":"like pharmaceutical or"},{"speaker":"Stephen Devaux","startTime":65.299,"endTime":68.47,"body":"medical device development"},{"speaker":"Stephen Devaux","startTime":68.53,"endTime":70.57,"body":"in emergency response."},{"speaker":"Stephen Devaux","startTime":70.96000000000001,"endTime":74.95,"body":"So one of the things that I"},{"speaker":"Stephen Devaux","startTime":70.96000000000001,"endTime":74.95,"body":"have developed is this concept"},{"speaker":"Stephen Devaux","startTime":75.00999999999999,"endTime":79.87,"body":"of a damage control time chart,"},{"speaker":"Stephen Devaux","startTime":75.00999999999999,"endTime":79.87,"body":"so that if we do a project, we"},{"speaker":"Stephen Devaux","startTime":79.87,"endTime":83.98,"body":"can optimize that project on"},{"speaker":"Stephen Devaux","startTime":79.87,"endTime":83.98,"body":"the basis of saving the most"},{"speaker":"Stephen Devaux","startTime":83.98,"endTime":86.29,"body":"lives, avoiding the most damage."},{"speaker":"Galen Low","startTime":86.349,"endTime":87.309,"body":"What does"},{"speaker":"Galen Low","startTime":86.349,"endTime":87.309,"body":"the future look like?"},{"speaker":"Galen Low","startTime":87.399,"endTime":89.649,"body":"Are we looking at something"},{"speaker":"Galen Low","startTime":87.399,"endTime":89.649,"body":"more sudden where the"},{"speaker":"Galen Low","startTime":89.649,"endTime":92.5,"body":"role of the project leader"},{"speaker":"Galen Low","startTime":89.649,"endTime":92.5,"body":"changes dramatically?"},{"speaker":"Stephen Devaux","startTime":92.679,"endTime":94.66,"body":"I think that"},{"speaker":"Stephen Devaux","startTime":92.679,"endTime":94.66,"body":"there're going to be roles"},{"speaker":"Stephen Devaux","startTime":94.66,"endTime":96.55,"body":"for many people on projects."},{"speaker":"Stephen Devaux","startTime":96.639,"endTime":101.889,"body":"The program manager and the"},{"speaker":"Stephen Devaux","startTime":96.639,"endTime":101.889,"body":"significant project managers are"},{"speaker":"Stephen Devaux","startTime":101.889,"endTime":106.869,"body":"going to have good roles, and I"},{"speaker":"Stephen Devaux","startTime":101.889,"endTime":106.869,"body":"hope better remunerated rules."},{"speaker":"Stephen Devaux","startTime":106.97,"endTime":111.289,"body":"Because schedulers are extremely"},{"speaker":"Stephen Devaux","startTime":106.97,"endTime":111.289,"body":"valuable and ultimately good"},{"speaker":"Stephen Devaux","startTime":111.289,"endTime":115.759,"body":"schedulers need to be better"},{"speaker":"Stephen Devaux","startTime":111.289,"endTime":115.759,"body":"remunerated because boy, are"},{"speaker":"Stephen Devaux","startTime":115.759,"endTime":117.02,"body":"they adding a lot of value."},{"speaker":"Stephen Devaux","startTime":117.23,"endTime":118.61,"body":"Now, a couple more things..."},{"speaker":"Galen Low","startTime":124.04,"endTime":125.69,"body":"welcome to The"},{"speaker":"Galen Low","startTime":124.04,"endTime":125.69,"body":"Digital Project Manager"},{"speaker":"Galen Low","startTime":125.69,"endTime":127.91,"body":"Podcast — the show that"},{"speaker":"Galen Low","startTime":125.69,"endTime":127.91,"body":"helps delivery leaders work"},{"speaker":"Galen Low","startTime":127.91,"endTime":130.34,"body":"smarter, deliver smoother,"},{"speaker":"Galen Low","startTime":127.91,"endTime":130.34,"body":"and lead their teams with"},{"speaker":"Galen Low","startTime":130.34,"endTime":131.9,"body":"confidence in the age of AI."},{"speaker":"Galen Low","startTime":132.07999999999998,"endTime":134.36,"body":"I'm Galen, and every week"},{"speaker":"Galen Low","startTime":132.07999999999998,"endTime":134.36,"body":"we dive into real world"},{"speaker":"Galen Low","startTime":134.36,"endTime":137.63,"body":"strategies, emerging trends,"},{"speaker":"Galen Low","startTime":134.36,"endTime":137.63,"body":"proven frameworks, and the"},{"speaker":"Galen Low","startTime":137.63,"endTime":139.88,"body":"occasional war story from"},{"speaker":"Galen Low","startTime":137.63,"endTime":139.88,"body":"the project front lines."},{"speaker":"Galen Low","startTime":140.06,"endTime":141.71,"body":"Whether you're steering"},{"speaker":"Galen Low","startTime":140.06,"endTime":141.71,"body":"massive transformation"},{"speaker":"Galen Low","startTime":141.71,"endTime":144.23000000000002,"body":"projects, wrangling AI"},{"speaker":"Galen Low","startTime":141.71,"endTime":144.23000000000002,"body":"workflows, or just trying to"},{"speaker":"Galen Low","startTime":144.23000000000002,"endTime":146.78,"body":"keep the chaos under control,"},{"speaker":"Galen Low","startTime":144.23000000000002,"endTime":146.78,"body":"you're in the right place."},{"speaker":"Galen Low","startTime":146.96,"endTime":147.53,"body":"Let's get into it."},{"speaker":"Galen Low","startTime":147.995,"endTime":150.425,"body":"Alright, today we are"},{"speaker":"Galen Low","startTime":147.995,"endTime":150.425,"body":"talking about three things."},{"speaker":"Galen Low","startTime":150.455,"endTime":151.955,"body":"We're talking about PMBOK 8."},{"speaker":"Galen Low","startTime":152.13400000000001,"endTime":154.955,"body":"We're talking about how to treat"},{"speaker":"Galen Low","startTime":152.13400000000001,"endTime":154.955,"body":"projects as investments, and"},{"speaker":"Galen Low","startTime":154.955,"endTime":156.545,"body":"we are talking about Moneyball."},{"speaker":"Galen Low","startTime":156.695,"endTime":158.855,"body":"How those three things are"},{"speaker":"Galen Low","startTime":156.695,"endTime":158.855,"body":"connected will become clear."},{"speaker":"Galen Low","startTime":158.855,"endTime":162.335,"body":"But our goal today is to arm you"},{"speaker":"Galen Low","startTime":158.855,"endTime":162.335,"body":"with some practical techniques"},{"speaker":"Galen Low","startTime":162.335,"endTime":165.455,"body":"that you can start using today"},{"speaker":"Galen Low","startTime":162.335,"endTime":165.455,"body":"to ride the wave into a new"},{"speaker":"Galen Low","startTime":165.455,"endTime":168.27,"body":"paradigm of project management"},{"speaker":"Galen Low","startTime":165.455,"endTime":168.27,"body":"that's shaping up pretty fast."},{"speaker":"Galen Low","startTime":168.82,"endTime":171.58,"body":"With me today is Stephen"},{"speaker":"Galen Low","startTime":168.82,"endTime":171.58,"body":"Devaux — or as he's known in"},{"speaker":"Galen Low","startTime":171.58,"endTime":172.82,"body":"the industry, Steve the Bajan."},{"speaker":"Galen Low","startTime":173.05,"endTime":175.99,"body":"Steve is a project management"},{"speaker":"Galen Low","startTime":173.05,"endTime":175.99,"body":"theorist, consultant, author,"},{"speaker":"Galen Low","startTime":175.99,"endTime":178.78,"body":"and educator with over"},{"speaker":"Galen Low","startTime":175.99,"endTime":178.78,"body":"three decades of experience"},{"speaker":"Galen Low","startTime":178.78,"endTime":179.47,"body":"contributing to the craft."},{"speaker":"Galen Low","startTime":180.16,"endTime":182.825,"body":"Stephen is the innovator behind"},{"speaker":"Galen Low","startTime":180.16,"endTime":182.825,"body":"concepts and techniques like"},{"speaker":"Galen Low","startTime":182.825,"endTime":186.155,"body":"critical path drag and value"},{"speaker":"Galen Low","startTime":182.825,"endTime":186.155,"body":"breakdown structures, which are"},{"speaker":"Galen Low","startTime":186.155,"endTime":189.244,"body":"now officially baked into the"},{"speaker":"Galen Low","startTime":186.155,"endTime":189.244,"body":"recently released 8th Edition"},{"speaker":"Galen Low","startTime":189.274,"endTime":192.334,"body":"of PMI's Project Management"},{"speaker":"Galen Low","startTime":189.274,"endTime":192.334,"body":"Body of Knowledge, or PMBOK."},{"speaker":"Galen Low","startTime":192.665,"endTime":194.764,"body":"He's also the author of"},{"speaker":"Galen Low","startTime":192.665,"endTime":194.764,"body":"\"Managing Projects as"},{"speaker":"Investments","startTime":194.764,"endTime":197.204,"body":"Earned Value"},{"speaker":"Investments","startTime":194.764,"endTime":197.204,"body":"to Business Value\" and"},{"speaker":"\"Total Project Control","startTime":197.285,"endTime":200.035,"body":"A"},{"speaker":"\"Total Project Control","startTime":197.285,"endTime":200.035,"body":"Practitioner’s Guide to Managing"},{"speaker":"\"Total Project Control","startTime":200.035,"endTime":201.345,"body":"Projects as Investments\"."},{"speaker":"\"Total Project Control","startTime":201.514,"endTime":204.93,"body":"Today he is a prolific keynote"},{"speaker":"\"Total Project Control","startTime":201.514,"endTime":204.93,"body":"speaker and the president of"},{"speaker":"\"Total Project Control","startTime":204.93,"endTime":207.48,"body":"Analytic Project Management,"},{"speaker":"\"Total Project Control","startTime":204.93,"endTime":207.48,"body":"which provides courses and"},{"speaker":"\"Total Project Control","startTime":207.48,"endTime":209.97,"body":"consulting based on his"},{"speaker":"\"Total Project Control","startTime":207.48,"endTime":209.97,"body":"concepts around treating"},{"speaker":"\"Total Project Control","startTime":209.97,"endTime":211.35,"body":"projects like an investment."},{"speaker":"\"Total Project Control","startTime":211.56,"endTime":213.48,"body":"Steve, thank you so much for"},{"speaker":"\"Total Project Control","startTime":211.56,"endTime":213.48,"body":"being with me here today."},{"speaker":"Stephen Devaux","startTime":213.58,"endTime":215.36,"body":"Thank you"},{"speaker":"Stephen Devaux","startTime":213.58,"endTime":215.36,"body":"Galen, for doing this."},{"speaker":"Galen Low","startTime":215.54,"endTime":217.11,"body":"I've been"},{"speaker":"Galen Low","startTime":215.54,"endTime":217.11,"body":"watching a lot of your talks."},{"speaker":"Galen Low","startTime":217.11,"endTime":218.04,"body":"We've been gabbing."},{"speaker":"Galen Low","startTime":218.04,"endTime":220.38,"body":"I know that you and I,"},{"speaker":"Galen Low","startTime":218.04,"endTime":220.38,"body":"we can go off on many"},{"speaker":"Galen Low","startTime":220.38,"endTime":222.12,"body":"tangents and probably"},{"speaker":"Galen Low","startTime":220.38,"endTime":222.12,"body":"spend the whole day talking"},{"speaker":"Galen Low","startTime":222.12,"endTime":222.99,"body":"about project management."},{"speaker":"Galen Low","startTime":223.17,"endTime":225.475,"body":"I'll try and cap us for the"},{"speaker":"Galen Low","startTime":223.17,"endTime":225.475,"body":"benefit of our listeners."},{"speaker":"Galen Low","startTime":225.97,"endTime":228.31,"body":"But here's the roadmap"},{"speaker":"Galen Low","startTime":225.97,"endTime":228.31,"body":"I've sketched out today."},{"speaker":"Galen Low","startTime":228.549,"endTime":230.59,"body":"To start us off, I just"},{"speaker":"Galen Low","startTime":228.549,"endTime":230.59,"body":"wanted to like frame things"},{"speaker":"Galen Low","startTime":230.59,"endTime":233.049,"body":"in with like one big question,"},{"speaker":"Galen Low","startTime":230.59,"endTime":233.049,"body":"something that everyone wants"},{"speaker":"Galen Low","startTime":233.049,"endTime":235.239,"body":"to know the answer to, but"},{"speaker":"Galen Low","startTime":233.049,"endTime":235.239,"body":"something that is actually"},{"speaker":"Galen Low","startTime":235.239,"endTime":236.53,"body":"just scratching the surface."},{"speaker":"Galen Low","startTime":236.739,"endTime":238.299,"body":"And then I'd like to"},{"speaker":"Galen Low","startTime":236.739,"endTime":238.299,"body":"zoom out from that and"},{"speaker":"Galen Low","startTime":238.299,"endTime":239.41,"body":"talk about three things."},{"speaker":"Galen Low","startTime":239.44,"endTime":242.17,"body":"First, I wanted to talk about"},{"speaker":"Galen Low","startTime":239.44,"endTime":242.17,"body":"how you came up with a concept"},{"speaker":"Galen Low","startTime":242.17,"endTime":244.57,"body":"of treating a project like"},{"speaker":"Galen Low","startTime":242.17,"endTime":244.57,"body":"an investment, and what that"},{"speaker":"Galen Low","startTime":244.57,"endTime":245.889,"body":"even looks like in practice."},{"speaker":"Galen Low","startTime":246.01,"endTime":248.23,"body":"Then I'd like to dig into"},{"speaker":"Galen Low","startTime":246.01,"endTime":248.23,"body":"why this method matters right"},{"speaker":"Galen Low","startTime":248.23,"endTime":250.869,"body":"now in an age of AI, when"},{"speaker":"Galen Low","startTime":248.23,"endTime":250.869,"body":"some are saying that tools,"},{"speaker":"Galen Low","startTime":250.869,"endTime":253.299,"body":"software, and large language"},{"speaker":"Galen Low","startTime":250.869,"endTime":253.299,"body":"models will render human"},{"speaker":"Galen Low","startTime":253.299,"endTime":254.35,"body":"project managers obsolete."},{"speaker":"Galen Low","startTime":254.76500000000001,"endTime":257.825,"body":"Lastly, I'd like to explore the"},{"speaker":"Galen Low","startTime":254.76500000000001,"endTime":257.825,"body":"implications for the future if"},{"speaker":"Galen Low","startTime":257.825,"endTime":260.645,"body":"the role of the project manager"},{"speaker":"Galen Low","startTime":257.825,"endTime":260.645,"body":"shifts maybe more dramatically"},{"speaker":"Galen Low","startTime":260.645,"endTime":264.66499999999996,"body":"from task management and project"},{"speaker":"Galen Low","startTime":260.645,"endTime":264.66499999999996,"body":"controls to managing a portfolio"},{"speaker":"Galen Low","startTime":264.66499999999996,"endTime":267.305,"body":"of investments like the head"},{"speaker":"Galen Low","startTime":264.66499999999996,"endTime":267.305,"body":"of a private equity firm."},{"speaker":"Galen Low","startTime":267.725,"endTime":268.53499999999997,"body":"How does that sound to you?"},{"speaker":"Galen Low","startTime":268.685,"endTime":269.345,"body":"Sounds great."},{"speaker":"Galen Low","startTime":269.58500000000004,"endTime":269.945,"body":"Awesome."},{"speaker":"Galen Low","startTime":270.185,"endTime":273.21500000000003,"body":"I thought I'd start us off with"},{"speaker":"Galen Low","startTime":270.185,"endTime":273.21500000000003,"body":"like one big hairy question."},{"speaker":"Galen Low","startTime":273.48400000000004,"endTime":274.23,"body":"Here's a little bit of context."},{"speaker":"Galen Low","startTime":274.76,"endTime":277.03999999999996,"body":"I've seen a lot of dialogue"},{"speaker":"Galen Low","startTime":274.76,"endTime":277.03999999999996,"body":"lately about project leaders"},{"speaker":"Galen Low","startTime":277.03999999999996,"endTime":279.049,"body":"being CEOs for their projects."},{"speaker":"Galen Low","startTime":279.23,"endTime":282.71000000000004,"body":"I've seen people talking about"},{"speaker":"Galen Low","startTime":279.23,"endTime":282.71000000000004,"body":"impact and value realization,"},{"speaker":"Galen Low","startTime":282.85900000000004,"endTime":285.32000000000005,"body":"and I see the conversation"},{"speaker":"Galen Low","startTime":282.85900000000004,"endTime":285.32000000000005,"body":"shifting towards project"},{"speaker":"Galen Low","startTime":285.32000000000005,"endTime":288.40999999999997,"body":"leaders needing to do more"},{"speaker":"Galen Low","startTime":285.32000000000005,"endTime":288.40999999999997,"body":"than just deliver projects."},{"speaker":"Galen Low","startTime":288.62,"endTime":291.77,"body":"Meanwhile, the idea of managing"},{"speaker":"Galen Low","startTime":288.62,"endTime":291.77,"body":"projects like an investment, so"},{"speaker":"Galen Low","startTime":291.77,"endTime":293.78,"body":"that projects earn their ROI."},{"speaker":"Galen Low","startTime":293.78,"endTime":297.02,"body":"It's been around for years,"},{"speaker":"Galen Low","startTime":293.78,"endTime":297.02,"body":"so I wanted to ask why is it"},{"speaker":"Galen Low","startTime":297.02,"endTime":299.63,"body":"suddenly so important that"},{"speaker":"Galen Low","startTime":297.02,"endTime":299.63,"body":"project leaders start treating"},{"speaker":"Galen Low","startTime":299.63,"endTime":300.89,"body":"their projects as investments?"},{"speaker":"Galen Low","startTime":301.15999999999997,"endTime":303.79999999999995,"body":"Why did it take so long for"},{"speaker":"Galen Low","startTime":301.15999999999997,"endTime":303.79999999999995,"body":"this concept to catch on?"},{"speaker":"Stephen Devaux","startTime":304.17499999999995,"endTime":305.04499999999996,"body":"Quick answer."},{"speaker":"Stephen Devaux","startTime":305.225,"endTime":310.025,"body":"I really have no idea why it"},{"speaker":"Stephen Devaux","startTime":305.225,"endTime":310.025,"body":"took so long for this concept"},{"speaker":"Stephen Devaux","startTime":310.025,"endTime":313.56500000000005,"body":"to catch on any more than I"},{"speaker":"Stephen Devaux","startTime":310.025,"endTime":313.56500000000005,"body":"fully understand why it took so"},{"speaker":"Stephen Devaux","startTime":313.56500000000005,"endTime":318.605,"body":"long for a simple concept like"},{"speaker":"Stephen Devaux","startTime":313.56500000000005,"endTime":318.605,"body":"critical path drag to catch on."},{"speaker":"Stephen Devaux","startTime":319.08500000000004,"endTime":322.265,"body":"It seems to me that both"},{"speaker":"Stephen Devaux","startTime":319.08500000000004,"endTime":322.265,"body":"of them are just obvious,"},{"speaker":"Stephen Devaux","startTime":322.355,"endTime":324.21500000000003,"body":"but here's the thing."},{"speaker":"Stephen Devaux","startTime":324.995,"endTime":327.905,"body":"If we don't treat"},{"speaker":"Stephen Devaux","startTime":324.995,"endTime":327.905,"body":"projects as investments."},{"speaker":"Stephen Devaux","startTime":328.80499999999995,"endTime":331.05499999999995,"body":"Then what do we focus on?"},{"speaker":"Stephen Devaux","startTime":331.05499999999995,"endTime":334.41499999999996,"body":"Indeed, what have we"},{"speaker":"Stephen Devaux","startTime":331.05499999999995,"endTime":334.41499999999996,"body":"been focusing on with"},{"speaker":"Stephen Devaux","startTime":334.41499999999996,"endTime":338.135,"body":"projects, cost budgets?"},{"speaker":"Stephen Devaux","startTime":338.55499999999995,"endTime":343.29499999999996,"body":"So as a result, finance"},{"speaker":"Stephen Devaux","startTime":338.55499999999995,"endTime":343.29499999999996,"body":"departments, which often have"},{"speaker":"Stephen Devaux","startTime":343.29499999999996,"endTime":347.58500000000004,"body":"no clue about how projects are"},{"speaker":"Stephen Devaux","startTime":343.29499999999996,"endTime":347.58500000000004,"body":"done, what a work breakdown"},{"speaker":"Stephen Devaux","startTime":347.58500000000004,"endTime":352.145,"body":"structure is, what a critical"},{"speaker":"Stephen Devaux","startTime":347.58500000000004,"endTime":352.145,"body":"path is, what earned value"},{"speaker":"Stephen Devaux","startTime":352.145,"endTime":354.06500000000005,"body":"is, any of these concepts."},{"speaker":"Stephen Devaux","startTime":354.42499999999995,"endTime":358.145,"body":"They have a huge amount of"},{"speaker":"Stephen Devaux","startTime":354.42499999999995,"endTime":358.145,"body":"weight, I would say more"},{"speaker":"Stephen Devaux","startTime":358.145,"endTime":360.995,"body":"weight than anything else"},{"speaker":"Stephen Devaux","startTime":358.145,"endTime":360.995,"body":"in terms of a project,"},{"speaker":"Stephen Devaux","startTime":360.995,"endTime":363.125,"body":"because they set the budget."},{"speaker":"Stephen Devaux","startTime":363.485,"endTime":367.71500000000003,"body":"In fact, it's fine to set"},{"speaker":"Stephen Devaux","startTime":363.485,"endTime":367.71500000000003,"body":"a budget, but frequently"},{"speaker":"Stephen Devaux","startTime":367.71500000000003,"endTime":374.04499999999996,"body":"by spending another $5,000,"},{"speaker":"Stephen Devaux","startTime":367.71500000000003,"endTime":374.04499999999996,"body":"we may increase the return"},{"speaker":"Stephen Devaux","startTime":374.04499999999996,"endTime":377.46500000000003,"body":"on that project by $50,000."},{"speaker":"Stephen Devaux","startTime":377.67499999999995,"endTime":378.9,"body":"Wouldn't you like to do that?"},{"speaker":"Stephen Devaux","startTime":379.66999999999996,"endTime":384.98,"body":"If we aren't figuring out how"},{"speaker":"Stephen Devaux","startTime":379.66999999999996,"endTime":384.98,"body":"much the value of the project"},{"speaker":"Stephen Devaux","startTime":385.01,"endTime":388.70000000000005,"body":"is, which is to say the value"},{"speaker":"Stephen Devaux","startTime":385.01,"endTime":388.70000000000005,"body":"of its scope, how much that"},{"speaker":"Stephen Devaux","startTime":388.70000000000005,"endTime":394.07000000000005,"body":"value can be increased, four,"},{"speaker":"Stephen Devaux","startTime":388.70000000000005,"endTime":394.07000000000005,"body":"decreased by its duration,"},{"speaker":"Stephen Devaux","startTime":394.07000000000005,"endTime":397.73,"body":"which is to say the length"},{"speaker":"Stephen Devaux","startTime":394.07000000000005,"endTime":397.73,"body":"of its critical path, then we"},{"speaker":"Stephen Devaux","startTime":397.73,"endTime":403.475,"body":"really aren't able to manage"},{"speaker":"Stephen Devaux","startTime":397.73,"endTime":403.475,"body":"the budget appropriately"},{"speaker":"Stephen Devaux","startTime":403.68499999999995,"endTime":406.865,"body":"to get the resources that"},{"speaker":"Stephen Devaux","startTime":403.68499999999995,"endTime":406.865,"body":"will increase our value."},{"speaker":"Stephen Devaux","startTime":407.345,"endTime":410.525,"body":"'Cause that's what an, we"},{"speaker":"Stephen Devaux","startTime":407.345,"endTime":410.525,"body":"want to do on an investment."},{"speaker":"Stephen Devaux","startTime":410.525,"endTime":410.885,"body":"Right?"},{"speaker":"Galen Low","startTime":411.155,"endTime":411.69500000000005,"body":"Absolutely."},{"speaker":"Galen Low","startTime":411.69500000000005,"endTime":414.125,"body":"And you know what I love"},{"speaker":"Galen Low","startTime":411.69500000000005,"endTime":414.125,"body":"about that is that I think a"},{"speaker":"Galen Low","startTime":414.125,"endTime":417.155,"body":"lot of the times, as project"},{"speaker":"Galen Low","startTime":414.125,"endTime":417.155,"body":"managers, we get trained"},{"speaker":"Galen Low","startTime":417.21500000000003,"endTime":420.30499999999995,"body":"in this box of delivery,"},{"speaker":"Galen Low","startTime":417.21500000000003,"endTime":420.30499999999995,"body":"getting the thing done."},{"speaker":"Galen Low","startTime":420.605,"endTime":422.735,"body":"And then we also get trained"},{"speaker":"Galen Low","startTime":420.605,"endTime":422.735,"body":"with this notion of like"},{"speaker":"Galen Low","startTime":423.03499999999997,"endTime":426.45399999999995,"body":"managing scope, but usually"},{"speaker":"Galen Low","startTime":423.03499999999997,"endTime":426.45399999999995,"body":"managing scope is treated as"},{"speaker":"Galen Low","startTime":426.725,"endTime":429.605,"body":"keep it within this box and"},{"speaker":"Galen Low","startTime":426.725,"endTime":429.605,"body":"don't let it get out of the box."},{"speaker":"Galen Low","startTime":429.845,"endTime":430.80499999999995,"body":"You're saying"},{"speaker":"Galen Low","startTime":429.845,"endTime":430.80499999999995,"body":"something different."},{"speaker":"Galen Low","startTime":430.80499999999995,"endTime":433.894,"body":"You're saying if there's"},{"speaker":"Galen Low","startTime":430.80499999999995,"endTime":433.894,"body":"an opportunity to have a"},{"speaker":"Galen Low","startTime":433.894,"endTime":436.745,"body":"greater return on investment,"},{"speaker":"Galen Low","startTime":433.894,"endTime":436.745,"body":"like project leaders should"},{"speaker":"Galen Low","startTime":436.745,"endTime":437.67499999999995,"body":"be chasing that down."},{"speaker":"Galen Low","startTime":437.67499999999995,"endTime":440.254,"body":"We should be the ones going, we"},{"speaker":"Galen Low","startTime":437.67499999999995,"endTime":440.254,"body":"need to increase scope because"},{"speaker":"Galen Low","startTime":440.254,"endTime":442.95399999999995,"body":"that's gonna increase value and"},{"speaker":"Galen Low","startTime":440.254,"endTime":442.95399999999995,"body":"that's something that I think"},{"speaker":"Galen Low","startTime":442.95399999999995,"endTime":443.94399999999996,"body":"a lot of project managers."},{"speaker":"Galen Low","startTime":444.254,"endTime":445.69399999999996,"body":"Don't feel like it's their role."},{"speaker":"Galen Low","startTime":445.69399999999996,"endTime":448.365,"body":"They feel like their role"},{"speaker":"Galen Low","startTime":445.69399999999996,"endTime":448.365,"body":"is to just take the scope,"},{"speaker":"Galen Low","startTime":448.42499999999995,"endTime":451.06399999999996,"body":"take the budget, take"},{"speaker":"Galen Low","startTime":448.42499999999995,"endTime":451.06399999999996,"body":"the resources they've got"},{"speaker":"Galen Low","startTime":451.365,"endTime":452.68499999999995,"body":"and deliver within that."},{"speaker":"Galen Low","startTime":453.07399999999996,"endTime":455.41499999999996,"body":"And there is more conversation"},{"speaker":"Galen Low","startTime":453.07399999999996,"endTime":455.41499999999996,"body":"about impact and driving"},{"speaker":"Galen Low","startTime":455.41499999999996,"endTime":456.254,"body":"business outcomes."},{"speaker":"Galen Low","startTime":456.55499999999995,"endTime":458.865,"body":"But I think there's this"},{"speaker":"Galen Low","startTime":456.55499999999995,"endTime":458.865,"body":"mindset of like, okay, well"},{"speaker":"Galen Low","startTime":459.105,"endTime":460.69399999999996,"body":"how can I even do that?"},{"speaker":"Galen Low","startTime":460.69399999999996,"endTime":462.43499999999995,"body":"But I really like what you"},{"speaker":"Galen Low","startTime":460.69399999999996,"endTime":462.43499999999995,"body":"said there, which is like if"},{"speaker":"Galen Low","startTime":462.43499999999995,"endTime":465.31399999999996,"body":"you're treating it like an"},{"speaker":"Galen Low","startTime":462.43499999999995,"endTime":465.31399999999996,"body":"investment, you want the maximum"},{"speaker":"Galen Low","startTime":465.31399999999996,"endTime":466.515,"body":"return on that investment."},{"speaker":"Galen Low","startTime":466.78499999999997,"endTime":469.02,"body":"The second thing I wanted"},{"speaker":"Galen Low","startTime":466.78499999999997,"endTime":469.02,"body":"to bring up was, we were"},{"speaker":"Galen Low","startTime":469.02,"endTime":470.01,"body":"talking in terms of money."},{"speaker":"Galen Low","startTime":470.13,"endTime":472.32000000000005,"body":"And I think a lot of folks"},{"speaker":"Galen Low","startTime":470.13,"endTime":472.32000000000005,"body":"think about return on investment"},{"speaker":"Galen Low","startTime":472.32000000000005,"endTime":475.55999999999995,"body":"as money, but I've seen some"},{"speaker":"Galen Low","startTime":472.32000000000005,"endTime":475.55999999999995,"body":"of your talks like the impact"},{"speaker":"Galen Low","startTime":475.55999999999995,"endTime":477.99,"body":"of a project that return on"},{"speaker":"Galen Low","startTime":475.55999999999995,"endTime":477.99,"body":"investment, is it always money?"},{"speaker":"Stephen Devaux","startTime":478.35,"endTime":479.22,"body":"Absolutely not."},{"speaker":"Stephen Devaux","startTime":479.49,"endTime":483.41999999999996,"body":"My main things, my main"},{"speaker":"Stephen Devaux","startTime":479.49,"endTime":483.41999999999996,"body":"purposes in life at this point"},{"speaker":"Stephen Devaux","startTime":483.63,"endTime":486.21000000000004,"body":"is to extend these methods."},{"speaker":"Stephen Devaux","startTime":486.71000000000004,"endTime":488.9,"body":"Two areas beyond money."},{"speaker":"Stephen Devaux","startTime":489.04999999999995,"endTime":492.59000000000003,"body":"I have no problem with"},{"speaker":"Stephen Devaux","startTime":489.04999999999995,"endTime":492.59000000000003,"body":"banks making more money or"},{"speaker":"Stephen Devaux","startTime":492.86,"endTime":494.29999999999995,"body":"automobile manufacturers."},{"speaker":"Stephen Devaux","startTime":494.48,"endTime":498.65,"body":"That's all fine and great,"},{"speaker":"Stephen Devaux","startTime":494.48,"endTime":498.65,"body":"but projects are often used"},{"speaker":"Stephen Devaux","startTime":498.98,"endTime":503.0,"body":"to save lives in fields"},{"speaker":"Stephen Devaux","startTime":498.98,"endTime":503.0,"body":"like pharmaceutical or"},{"speaker":"Stephen Devaux","startTime":503.0,"endTime":504.59000000000003,"body":"medical device development."},{"speaker":"Stephen Devaux","startTime":504.995,"endTime":510.125,"body":"In emergency response, an"},{"speaker":"Stephen Devaux","startTime":504.995,"endTime":510.125,"body":"earthquake, for instance, to"},{"speaker":"Stephen Devaux","startTime":510.275,"endTime":515.405,"body":"a pandemic response, right,"},{"speaker":"Stephen Devaux","startTime":510.275,"endTime":515.405,"body":"and to delivery of vaccines."},{"speaker":"Stephen Devaux","startTime":515.645,"endTime":519.275,"body":"These things are hugely"},{"speaker":"Stephen Devaux","startTime":515.645,"endTime":519.275,"body":"and lots of other indeed"},{"speaker":"Stephen Devaux","startTime":519.485,"endTime":521.585,"body":"public health initiatives."},{"speaker":"Stephen Devaux","startTime":521.895,"endTime":525.345,"body":"Which, if someone does research"},{"speaker":"Stephen Devaux","startTime":521.895,"endTime":525.345,"body":"that shows that we can save"},{"speaker":"Stephen Devaux","startTime":525.345,"endTime":530.205,"body":"lives by doing X, then we"},{"speaker":"Stephen Devaux","startTime":525.345,"endTime":530.205,"body":"should implement a project"},{"speaker":"Stephen Devaux","startTime":530.475,"endTime":535.845,"body":"to do X. And with every day"},{"speaker":"Stephen Devaux","startTime":530.475,"endTime":535.845,"body":"that passes frequently in such"},{"speaker":"Stephen Devaux","startTime":535.845,"endTime":538.245,"body":"projects, people are dying."},{"speaker":"Stephen Devaux","startTime":538.635,"endTime":542.865,"body":"So one of the things that I have"},{"speaker":"Stephen Devaux","startTime":538.635,"endTime":542.865,"body":"developed in the past few years,"},{"speaker":"Stephen Devaux","startTime":543.045,"endTime":547.305,"body":"which I hope will be spread,"},{"speaker":"Stephen Devaux","startTime":543.045,"endTime":547.305,"body":"is this concept of a damage"},{"speaker":"Stephen Devaux","startTime":547.305,"endTime":550.1999999999999,"body":"control time chart or DCTC."},{"speaker":"Stephen Devaux","startTime":550.8489999999999,"endTime":554.75,"body":"Which is with an ongoing"},{"speaker":"Stephen Devaux","startTime":550.8489999999999,"endTime":554.75,"body":"emergency, one of the first"},{"speaker":"Stephen Devaux","startTime":554.75,"endTime":558.4399999999999,"body":"things we'd like to know is how"},{"speaker":"Stephen Devaux","startTime":554.75,"endTime":558.4399999999999,"body":"many people are gonna be dying"},{"speaker":"Stephen Devaux","startTime":558.62,"endTime":562.52,"body":"out into the future, or how much"},{"speaker":"Stephen Devaux","startTime":558.62,"endTime":562.52,"body":"damage is going to be done so"},{"speaker":"Stephen Devaux","startTime":562.52,"endTime":567.29,"body":"that if we do a project to avoid"},{"speaker":"Stephen Devaux","startTime":562.52,"endTime":567.29,"body":"it, we can optimize that project"},{"speaker":"Stephen Devaux","startTime":567.56,"endTime":572.0899999999999,"body":"on the basis of saving the most"},{"speaker":"Stephen Devaux","startTime":567.56,"endTime":572.0899999999999,"body":"lives, avoiding the most damage."},{"speaker":"Stephen Devaux","startTime":572.51,"endTime":577.37,"body":"That's through scope, but it's"},{"speaker":"Stephen Devaux","startTime":572.51,"endTime":577.37,"body":"also through delivering the"},{"speaker":"Stephen Devaux","startTime":577.37,"endTime":581.5699999999999,"body":"scope with the biggest bang for"},{"speaker":"Stephen Devaux","startTime":577.37,"endTime":581.5699999999999,"body":"the buck as soon as possible."},{"speaker":"Stephen Devaux","startTime":581.87,"endTime":584.0,"body":"Which again, is a, is"},{"speaker":"Stephen Devaux","startTime":581.87,"endTime":584.0,"body":"an investment, right?"},{"speaker":"Galen Low","startTime":584.27,"endTime":584.87,"body":"Absolutely."},{"speaker":"Galen Low","startTime":584.87,"endTime":585.17,"body":"Yeah."},{"speaker":"Galen Low","startTime":585.2289999999999,"endTime":587.27,"body":"It's funny because you know,"},{"speaker":"Galen Low","startTime":585.2289999999999,"endTime":587.27,"body":"like there's all these mindsets"},{"speaker":"Galen Low","startTime":587.27,"endTime":589.85,"body":"around project management and"},{"speaker":"Galen Low","startTime":587.27,"endTime":589.85,"body":"sometimes we don't see all the"},{"speaker":"Galen Low","startTime":589.85,"endTime":593.81,"body":"parallels between different"},{"speaker":"Galen Low","startTime":589.85,"endTime":593.81,"body":"projects, but more life saved is"},{"speaker":"Galen Low","startTime":593.81,"endTime":595.25,"body":"a great return on investments."},{"speaker":"Galen Low","startTime":595.52,"endTime":598.6999999999999,"body":"And I know not a lot of my"},{"speaker":"Galen Low","startTime":595.52,"endTime":598.6999999999999,"body":"listeners are working on life or"},{"speaker":"Galen Low","startTime":598.6999999999999,"endTime":600.0799999999999,"body":"death mission critical projects."},{"speaker":"Galen Low","startTime":600.645,"endTime":603.4549999999999,"body":"A lot of them are, you know,"},{"speaker":"Galen Low","startTime":600.645,"endTime":603.4549999999999,"body":"working on healthcare projects"},{"speaker":"Galen Low","startTime":603.4549999999999,"endTime":606.605,"body":"that are delivering care or"},{"speaker":"Galen Low","startTime":603.4549999999999,"endTime":606.605,"body":"service to folks in need."},{"speaker":"Galen Low","startTime":606.875,"endTime":609.0649999999999,"body":"I do have folks in my network"},{"speaker":"Galen Low","startTime":606.875,"endTime":609.0649999999999,"body":"who were involved with"},{"speaker":"Galen Low","startTime":609.115,"endTime":612.055,"body":"vaccine rollouts during the"},{"speaker":"Galen Low","startTime":609.115,"endTime":612.055,"body":"pandemic, and, you know, all"},{"speaker":"Galen Low","startTime":612.055,"endTime":615.025,"body":"the techniques really kind of"},{"speaker":"Galen Low","startTime":612.055,"endTime":615.025,"body":"come out into sharp relief of"},{"speaker":"Galen Low","startTime":615.025,"endTime":616.5849999999999,"body":"like why they're important."},{"speaker":"Galen Low","startTime":616.865,"endTime":619.685,"body":"But then you map that back"},{"speaker":"Galen Low","startTime":616.865,"endTime":619.685,"body":"and you're like, okay, well my"},{"speaker":"Galen Low","startTime":619.685,"endTime":622.935,"body":"projects, like me personally"},{"speaker":"Galen Low","startTime":619.685,"endTime":622.935,"body":"did a lot of like government"},{"speaker":"Galen Low","startTime":622.935,"endTime":625.155,"body":"website projects and I'm"},{"speaker":"Galen Low","startTime":622.935,"endTime":625.155,"body":"like, okay, that's not me."},{"speaker":"Galen Low","startTime":625.155,"endTime":627.255,"body":"No one's living or dying"},{"speaker":"Galen Low","startTime":625.155,"endTime":627.255,"body":"based on what I do."},{"speaker":"Galen Low","startTime":627.525,"endTime":629.625,"body":"But one of my verticals"},{"speaker":"Galen Low","startTime":627.525,"endTime":629.625,"body":"was transit, right?"},{"speaker":"Galen Low","startTime":629.625,"endTime":632.175,"body":"Accessible transit using"},{"speaker":"Galen Low","startTime":629.625,"endTime":632.175,"body":"digital technology."},{"speaker":"Galen Low","startTime":632.415,"endTime":634.605,"body":"And I had never"},{"speaker":"Galen Low","startTime":632.415,"endTime":634.605,"body":"thought of it that way."},{"speaker":"Galen Low","startTime":634.635,"endTime":635.175,"body":"Do you know what I mean?"},{"speaker":"Galen Low","startTime":635.175,"endTime":637.995,"body":"I was like, budget, we want"},{"speaker":"Galen Low","startTime":635.175,"endTime":637.995,"body":"to come in on budget because"},{"speaker":"Galen Low","startTime":638.175,"endTime":639.555,"body":"that's what we said we'd do."},{"speaker":"Galen Low","startTime":639.8249999999999,"endTime":643.365,"body":"It never occurred to me that"},{"speaker":"Galen Low","startTime":639.8249999999999,"endTime":643.365,"body":"more people could ride transit."},{"speaker":"Galen Low","startTime":643.64,"endTime":647.3,"body":"More easily maybe to get to like"},{"speaker":"Galen Low","startTime":643.64,"endTime":647.3,"body":"a job interview, to get to the"},{"speaker":"Galen Low","startTime":647.3,"endTime":650.3,"body":"hospital, to, you know, it made"},{"speaker":"Galen Low","startTime":647.3,"endTime":650.3,"body":"an impact on lives, and that"},{"speaker":"Galen Low","startTime":650.3,"endTime":651.53,"body":"was never really our metric."},{"speaker":"Stephen Devaux","startTime":651.7389999999999,"endTime":652.4599999999999,"body":"Absolutely."},{"speaker":"Stephen Devaux","startTime":652.4599999999999,"endTime":653.54,"body":"But I would maintain it."},{"speaker":"Stephen Devaux","startTime":653.54,"endTime":655.999,"body":"It should be, I'll give you"},{"speaker":"Stephen Devaux","startTime":653.54,"endTime":655.999,"body":"one more that I think a lot of"},{"speaker":"Stephen Devaux","startTime":655.999,"endTime":657.499,"body":"your people may be working in."},{"speaker":"Stephen Devaux","startTime":657.77,"endTime":660.4399999999999,"body":"If they're working in"},{"speaker":"Stephen Devaux","startTime":657.77,"endTime":660.4399999999999,"body":"construction, maybe they're"},{"speaker":"Stephen Devaux","startTime":660.4399999999999,"endTime":662.18,"body":"working on a hospital."},{"speaker":"Stephen Devaux","startTime":662.665,"endTime":663.4449999999999,"body":"Guess what?"},{"speaker":"Stephen Devaux","startTime":663.625,"endTime":667.5849999999999,"body":"That hospital's being built to"},{"speaker":"Stephen Devaux","startTime":663.625,"endTime":667.5849999999999,"body":"save lives because it's gonna"},{"speaker":"Stephen Devaux","startTime":667.5849999999999,"endTime":671.515,"body":"be closer for an ambulance to"},{"speaker":"Stephen Devaux","startTime":667.5849999999999,"endTime":671.515,"body":"get to it or whatever it is."},{"speaker":"Stephen Devaux","startTime":671.6949999999999,"endTime":674.755,"body":"So if that hospital is"},{"speaker":"Stephen Devaux","startTime":671.6949999999999,"endTime":674.755,"body":"going to say, even say"},{"speaker":"Stephen Devaux","startTime":675.505,"endTime":676.375,"body":"two lives per week."},{"speaker":"Stephen Devaux","startTime":676.749,"endTime":677.7099999999999,"body":"Think about that."},{"speaker":"Stephen Devaux","startTime":677.7389999999999,"endTime":680.8589999999999,"body":"If that hospital winds"},{"speaker":"Stephen Devaux","startTime":677.7389999999999,"endTime":680.8589999999999,"body":"up taking eight weeks"},{"speaker":"Stephen Devaux","startTime":680.8589999999999,"endTime":685.27,"body":"longer than it should, 16"},{"speaker":"Stephen Devaux","startTime":680.8589999999999,"endTime":685.27,"body":"family members just died."},{"speaker":"Stephen Devaux","startTime":685.3249999999999,"endTime":685.744,"body":"Mm-hmm."},{"speaker":"Stephen Devaux","startTime":685.749,"endTime":685.93,"body":"Mm-hmm."},{"speaker":"Stephen Devaux","startTime":686.4399999999999,"endTime":690.3399999999999,"body":"One of the problems is that"},{"speaker":"Stephen Devaux","startTime":686.4399999999999,"endTime":690.3399999999999,"body":"project managers really"},{"speaker":"Stephen Devaux","startTime":690.3399999999999,"endTime":694.06,"body":"do have a good handle on a"},{"speaker":"Stephen Devaux","startTime":690.3399999999999,"endTime":694.06,"body":"lot of these methods, and"},{"speaker":"Stephen Devaux","startTime":694.06,"endTime":695.29,"body":"these methods are brilliant."},{"speaker":"Stephen Devaux","startTime":695.9789999999999,"endTime":698.41,"body":"I'll never forget the time"},{"speaker":"Stephen Devaux","startTime":695.9789999999999,"endTime":698.41,"body":"that I first discovered"},{"speaker":"Stephen Devaux","startTime":698.68,"endTime":702.52,"body":"Critical Path Method and"},{"speaker":"Stephen Devaux","startTime":698.68,"endTime":702.52,"body":"I thought, this is great."},{"speaker":"Stephen Devaux","startTime":702.52,"endTime":704.53,"body":"Why didn't I ever think of this?"},{"speaker":"Stephen Devaux","startTime":704.874,"endTime":706.555,"body":"This is back in 1987."},{"speaker":"Stephen Devaux","startTime":706.9739999999999,"endTime":709.9449999999999,"body":"I immediately saw its value"},{"speaker":"Stephen Devaux","startTime":706.9739999999999,"endTime":709.9449999999999,"body":"and it's a great method"},{"speaker":"Stephen Devaux","startTime":709.9449999999999,"endTime":712.3149999999999,"body":"and I would never have"},{"speaker":"Stephen Devaux","startTime":709.9449999999999,"endTime":712.3149999999999,"body":"thought of it on my own."},{"speaker":"Stephen Devaux","startTime":712.644,"endTime":717.1139999999999,"body":"But the fact remains that what"},{"speaker":"Stephen Devaux","startTime":712.644,"endTime":717.1139999999999,"body":"these project managers are"},{"speaker":"Stephen Devaux","startTime":717.1139999999999,"endTime":721.8249999999999,"body":"not being given, if you think"},{"speaker":"Stephen Devaux","startTime":717.1139999999999,"endTime":721.8249999999999,"body":"about it, is the information"},{"speaker":"Stephen Devaux","startTime":722.2149999999999,"endTime":723.8639999999999,"body":"about the investment."},{"speaker":"Stephen Devaux","startTime":724.8249999999999,"endTime":726.504,"body":"That's what they've"},{"speaker":"Stephen Devaux","startTime":724.8249999999999,"endTime":726.504,"body":"thought to be given."},{"speaker":"Stephen Devaux","startTime":726.504,"endTime":728.9649999999999,"body":"They've got to be given"},{"speaker":"Stephen Devaux","startTime":726.504,"endTime":728.9649999999999,"body":"that information by the"},{"speaker":"Stephen Devaux","startTime":728.9649999999999,"endTime":734.9649999999999,"body":"sponsors, customers, key"},{"speaker":"Stephen Devaux","startTime":728.9649999999999,"endTime":734.9649999999999,"body":"stakeholders who know what"},{"speaker":"Stephen Devaux","startTime":734.9649999999999,"endTime":737.1089999999999,"body":"value, what things they want."},{"speaker":"Stephen Devaux","startTime":737.8439999999999,"endTime":741.505,"body":"And what the value of them will"},{"speaker":"Stephen Devaux","startTime":737.8439999999999,"endTime":741.505,"body":"be, and they need to do some"},{"speaker":"Stephen Devaux","startTime":741.505,"endTime":746.155,"body":"research on what will the value"},{"speaker":"Stephen Devaux","startTime":741.505,"endTime":746.155,"body":"be if we change the schedule."},{"speaker":"Stephen Devaux","startTime":746.3349999999999,"endTime":749.185,"body":"Because you know, many"},{"speaker":"Stephen Devaux","startTime":746.3349999999999,"endTime":749.185,"body":"stakeholders feel that they"},{"speaker":"Stephen Devaux","startTime":749.185,"endTime":753.7149999999999,"body":"can finish the project on a"},{"speaker":"Stephen Devaux","startTime":749.185,"endTime":753.7149999999999,"body":"given date simply by saying"},{"speaker":"Stephen Devaux","startTime":753.9549999999999,"endTime":756.265,"body":"the deadline is October 15th."},{"speaker":"Stephen Devaux","startTime":757.12,"endTime":758.9499999999999,"body":"That's not how it works."},{"speaker":"Stephen Devaux","startTime":759.1899999999999,"endTime":763.4499999999999,"body":"If in fact, you want us"},{"speaker":"Stephen Devaux","startTime":759.1899999999999,"endTime":763.4499999999999,"body":"to finish by October 15th,"},{"speaker":"Stephen Devaux","startTime":763.81,"endTime":765.28,"body":"that is our target date."},{"speaker":"Stephen Devaux","startTime":765.55,"endTime":767.41,"body":"I hate the term deadline."},{"speaker":"Stephen Devaux","startTime":767.65,"endTime":768.1899999999999,"body":"That is a target date."},{"speaker":"Stephen Devaux","startTime":769.404,"endTime":772.9449999999999,"body":"What I now need to know is"},{"speaker":"Stephen Devaux","startTime":769.404,"endTime":772.9449999999999,"body":"how much would it be worth to"},{"speaker":"Stephen Devaux","startTime":772.9449999999999,"endTime":778.764,"body":"you if I could finish October"},{"speaker":"Stephen Devaux","startTime":772.9449999999999,"endTime":778.764,"body":"8th, October 1st, or how much"},{"speaker":"Stephen Devaux","startTime":778.764,"endTime":783.144,"body":"loss in value will there be"},{"speaker":"Stephen Devaux","startTime":778.764,"endTime":783.144,"body":"if I finish October 22nd,"},{"speaker":"Stephen Devaux","startTime":783.4449999999999,"endTime":786.0849999999999,"body":"November 1st, November 8th?"},{"speaker":"Stephen Devaux","startTime":786.384,"endTime":791.124,"body":"So ultimately, if you tell me"},{"speaker":"Stephen Devaux","startTime":786.384,"endTime":791.124,"body":"that, then I can make decisions."},{"speaker":"Stephen Devaux","startTime":791.499,"endTime":795.369,"body":"And look for opportunities"},{"speaker":"Stephen Devaux","startTime":791.499,"endTime":795.369,"body":"to increase the value or"},{"speaker":"Stephen Devaux","startTime":795.369,"endTime":797.259,"body":"avoid decreasing the value."},{"speaker":"Stephen Devaux","startTime":797.5899999999999,"endTime":801.64,"body":"And I still have a budget here,"},{"speaker":"Stephen Devaux","startTime":797.5899999999999,"endTime":801.64,"body":"which I'm not allowed to go"},{"speaker":"Stephen Devaux","startTime":801.64,"endTime":804.8489999999999,"body":"over unless you tell me I can."},{"speaker":"Stephen Devaux","startTime":805.06,"endTime":809.499,"body":"So if I see an opportunity"},{"speaker":"Stephen Devaux","startTime":805.06,"endTime":809.499,"body":"whereby spending an extra"},{"speaker":"Stephen Devaux","startTime":809.499,"endTime":814.39,"body":"$10,000, I can get an"},{"speaker":"Stephen Devaux","startTime":809.499,"endTime":814.39,"body":"acceleration premium based"},{"speaker":"Stephen Devaux","startTime":814.39,"endTime":818.98,"body":"on what you told me of"},{"speaker":"Stephen Devaux","startTime":814.39,"endTime":818.98,"body":"$50,000, then I'm gonna come"},{"speaker":"Stephen Devaux","startTime":818.98,"endTime":823.0899999999999,"body":"back to you and say, Hey,"},{"speaker":"Stephen Devaux","startTime":818.98,"endTime":823.0899999999999,"body":"see this opportunity here."},{"speaker":"Stephen Devaux","startTime":823.42,"endTime":825.22,"body":"Would you like to give me 10?"},{"speaker":"Stephen Devaux","startTime":825.28,"endTime":831.01,"body":"Invest $10,000 more because"},{"speaker":"Stephen Devaux","startTime":825.28,"endTime":831.01,"body":"then I can offer you a"},{"speaker":"Stephen Devaux","startTime":831.01,"endTime":834.04,"body":"potential ROI of $50,000."},{"speaker":"Galen Low","startTime":834.37,"endTime":836.38,"body":"I love that it"},{"speaker":"Galen Low","startTime":834.37,"endTime":836.38,"body":"centers around information."},{"speaker":"Galen Low","startTime":836.4399999999999,"endTime":838.66,"body":"You said information from the"},{"speaker":"Galen Low","startTime":836.4399999999999,"endTime":838.66,"body":"stakeholders and sponsors,"},{"speaker":"Galen Low","startTime":838.66,"endTime":839.7099999999999,"body":"which I definitely agree."},{"speaker":"Galen Low","startTime":840.01,"endTime":843.91,"body":"And also project managers"},{"speaker":"Galen Low","startTime":840.01,"endTime":843.91,"body":"doing research about how"},{"speaker":"Galen Low","startTime":843.91,"endTime":846.85,"body":"their project delivers impact"},{"speaker":"Galen Low","startTime":843.91,"endTime":846.85,"body":"or how it delivers a return"},{"speaker":"Galen Low","startTime":846.85,"endTime":849.22,"body":"on investment so that they"},{"speaker":"Galen Low","startTime":846.85,"endTime":849.22,"body":"can ask the right questions."},{"speaker":"Stephen Devaux","startTime":849.49,"endTime":852.0699999999999,"body":"I've worked for"},{"speaker":"Stephen Devaux","startTime":849.49,"endTime":852.0699999999999,"body":"companies where every project"},{"speaker":"Stephen Devaux","startTime":852.0699999999999,"endTime":856.93,"body":"manager is told, we want you"},{"speaker":"Stephen Devaux","startTime":852.0699999999999,"endTime":856.93,"body":"to look for opportunities,"},{"speaker":"Stephen Devaux","startTime":856.93,"endTime":861.1,"body":"but they never tell them what"},{"speaker":"Stephen Devaux","startTime":856.93,"endTime":861.1,"body":"an opportunity looks like."},{"speaker":"Stephen Devaux","startTime":861.52,"endTime":864.88,"body":"An opportunity is spending"},{"speaker":"Stephen Devaux","startTime":861.52,"endTime":864.88,"body":"a little more money"},{"speaker":"Stephen Devaux","startTime":865.0899999999999,"endTime":866.499,"body":"to provide more value."},{"speaker":"Stephen Devaux","startTime":866.7389999999999,"endTime":870.91,"body":"But the big problem is that"},{"speaker":"Stephen Devaux","startTime":866.7389999999999,"endTime":870.91,"body":"even though the project manager"},{"speaker":"Stephen Devaux","startTime":870.91,"endTime":874.749,"body":"level often has a very good"},{"speaker":"Stephen Devaux","startTime":870.91,"endTime":874.749,"body":"understanding of projects,"},{"speaker":"Stephen Devaux","startTime":875.1089999999999,"endTime":877.93,"body":"the executives often don't."},{"speaker":"Stephen Devaux","startTime":878.2289999999999,"endTime":881.8,"body":"They don't understand the"},{"speaker":"Stephen Devaux","startTime":878.2289999999999,"endTime":881.8,"body":"information that needs to"},{"speaker":"Stephen Devaux","startTime":881.8,"endTime":885.2189999999999,"body":"be given, and that if they"},{"speaker":"Stephen Devaux","startTime":881.8,"endTime":885.2189999999999,"body":"give that information, what"},{"speaker":"Stephen Devaux","startTime":885.2189999999999,"endTime":886.4789999999999,"body":"more values should come?"},{"speaker":"Stephen Devaux","startTime":886.869,"endTime":891.79,"body":"One of my great beliefs is"},{"speaker":"Stephen Devaux","startTime":886.869,"endTime":891.79,"body":"that projects ultimately"},{"speaker":"Stephen Devaux","startTime":892.12,"endTime":896.9499999999999,"body":"should be part of the"},{"speaker":"Stephen Devaux","startTime":892.12,"endTime":896.9499999999999,"body":"responsibilities of the CFO,"},{"speaker":"Stephen Devaux","startTime":897.73,"endTime":899.4399999999999,"body":"the chief financial officer."},{"speaker":"Stephen Devaux","startTime":899.65,"endTime":901.4499999999999,"body":"After all, aren't they?"},{"speaker":"Stephen Devaux","startTime":901.54,"endTime":904.03,"body":"The people who decide"},{"speaker":"Stephen Devaux","startTime":901.54,"endTime":904.03,"body":"about investments"},{"speaker":"Stephen Devaux","startTime":904.39,"endTime":905.77,"body":"and fund investments?"},{"speaker":"Stephen Devaux","startTime":906.01,"endTime":910.72,"body":"They too, the PMO in my"},{"speaker":"Stephen Devaux","startTime":906.01,"endTime":910.72,"body":"idealized organization"},{"speaker":"Stephen Devaux","startTime":911.04,"endTime":915.3399999999999,"body":"would report to the CFO."},{"speaker":"Galen Low","startTime":915.73,"endTime":916.42,"body":"I really like that."},{"speaker":"Galen Low","startTime":916.54,"endTime":918.91,"body":"I wondered if we could take this"},{"speaker":"Galen Low","startTime":916.54,"endTime":918.91,"body":"opportunity to just zoom out"},{"speaker":"Galen Low","startTime":918.91,"endTime":921.9399999999999,"body":"a little bit because when we"},{"speaker":"Galen Low","startTime":918.91,"endTime":921.9399999999999,"body":"first met, we didn't talk about"},{"speaker":"Galen Low","startTime":921.9399999999999,"endTime":922.87,"body":"project management right away."},{"speaker":"Galen Low","startTime":922.87,"endTime":923.77,"body":"We talked about baseball."},{"speaker":"Galen Low","startTime":923.9789999999999,"endTime":927.28,"body":"It was October in 2025, the"},{"speaker":"Galen Low","startTime":923.9789999999999,"endTime":927.28,"body":"Jays still had a chance to"},{"speaker":"Galen Low","startTime":927.28,"endTime":930.0699999999999,"body":"win the World Series, and you"},{"speaker":"Galen Low","startTime":927.28,"endTime":930.0699999999999,"body":"had told me a story about Bill"},{"speaker":"Galen Low","startTime":930.0699999999999,"endTime":933.55,"body":"James and his baseball abstracts"},{"speaker":"Galen Low","startTime":930.0699999999999,"endTime":933.55,"body":"on which the book and the"},{"speaker":"Galen Low","startTime":933.55,"endTime":935.5899999999999,"body":"film Moneyball were based on."},{"speaker":"Galen Low","startTime":936.0989999999999,"endTime":936.9689999999999,"body":"I know you love this stuff."},{"speaker":"Galen Low","startTime":936.9689999999999,"endTime":938.89,"body":"So I wanted to ask,"},{"speaker":"Galen Low","startTime":936.9689999999999,"endTime":938.89,"body":"who is Bill James?"},{"speaker":"Galen Low","startTime":939.2389999999999,"endTime":942.5699999999999,"body":"And what's his work got to"},{"speaker":"Galen Low","startTime":939.2389999999999,"endTime":942.5699999999999,"body":"do with your contributions to"},{"speaker":"Galen Low","startTime":942.5699999999999,"endTime":943.77,"body":"the project management craft?"},{"speaker":"Stephen Devaux","startTime":944.0699999999999,"endTime":947.369,"body":"I grew up in"},{"speaker":"Stephen Devaux","startTime":944.0699999999999,"endTime":947.369,"body":"Barbados, my Barbados hack, so"},{"speaker":"Stephen Devaux","startTime":947.369,"endTime":949.4689999999999,"body":"I grew up as a huge cricket fan."},{"speaker":"Stephen Devaux","startTime":949.8589999999999,"endTime":953.64,"body":"I moved to the United States"},{"speaker":"Stephen Devaux","startTime":949.8589999999999,"endTime":953.64,"body":"when I was 15, and suddenly"},{"speaker":"Stephen Devaux","startTime":953.88,"endTime":956.2189999999999,"body":"I couldn't follow cricket"},{"speaker":"Stephen Devaux","startTime":953.88,"endTime":956.2189999999999,"body":"anymore because there was"},{"speaker":"Stephen Devaux","startTime":956.2189999999999,"endTime":957.66,"body":"no internet in those days."},{"speaker":"Stephen Devaux","startTime":957.905,"endTime":960.935,"body":"So ultimately I changed"},{"speaker":"Stephen Devaux","startTime":957.905,"endTime":960.935,"body":"to baseball and became a"},{"speaker":"Stephen Devaux","startTime":960.935,"endTime":964.625,"body":"huge baseball fan, and I"},{"speaker":"Stephen Devaux","startTime":960.935,"endTime":964.625,"body":"read every article I could."},{"speaker":"Stephen Devaux","startTime":964.625,"endTime":967.535,"body":"I looked at the box scores"},{"speaker":"Stephen Devaux","startTime":964.625,"endTime":967.535,"body":"every morning and so on,"},{"speaker":"Stephen Devaux","startTime":967.805,"endTime":972.605,"body":"and then a friend of mine"},{"speaker":"Stephen Devaux","startTime":967.805,"endTime":972.605,"body":"said to me, 1982, Steve, you"},{"speaker":"Stephen Devaux","startTime":972.605,"endTime":975.605,"body":"know, you really ought to"},{"speaker":"Stephen Devaux","startTime":972.605,"endTime":975.605,"body":"read this guy Bill James."},{"speaker":"Stephen Devaux","startTime":975.995,"endTime":977.525,"body":"I said, who?"},{"speaker":"Stephen Devaux","startTime":978.159,"endTime":980.8489999999999,"body":"He said he comes out with"},{"speaker":"Stephen Devaux","startTime":978.159,"endTime":980.8489999999999,"body":"this book every spring."},{"speaker":"Stephen Devaux","startTime":980.8489999999999,"endTime":981.329,"body":"You should read."},{"speaker":"Stephen Devaux","startTime":981.389,"endTime":983.459,"body":"Call the Bill James"},{"speaker":"Stephen Devaux","startTime":981.389,"endTime":983.459,"body":"Baseball Abstract."},{"speaker":"Stephen Devaux","startTime":983.669,"endTime":987.689,"body":"So next spring, 1982, I"},{"speaker":"Stephen Devaux","startTime":983.669,"endTime":987.689,"body":"was in the stores looking"},{"speaker":"Stephen Devaux","startTime":987.689,"endTime":989.279,"body":"for this when it came out."},{"speaker":"Stephen Devaux","startTime":990.029,"endTime":991.169,"body":"You can see this book."},{"speaker":"Stephen Devaux","startTime":991.2289999999999,"endTime":993.629,"body":"It's full of numbers and so on."},{"speaker":"Stephen Devaux","startTime":994.019,"endTime":997.9789999999999,"body":"It took me 14 and a half"},{"speaker":"Stephen Devaux","startTime":994.019,"endTime":997.9789999999999,"body":"hours to read this book"},{"speaker":"Stephen Devaux","startTime":997.9789999999999,"endTime":1002.4789999999999,"body":"cover to cover from two 30"},{"speaker":"Stephen Devaux","startTime":997.9789999999999,"endTime":1002.4789999999999,"body":"in the afternoon until five"},{"speaker":"Stephen Devaux","startTime":1002.4789999999999,"endTime":1003.7389999999999,"body":"o'clock the next morning."},{"speaker":"Stephen Devaux","startTime":1004.129,"endTime":1004.669,"body":"Okay."},{"speaker":"Stephen Devaux","startTime":1004.669,"endTime":1005.419,"body":"Nonstop."},{"speaker":"Stephen Devaux","startTime":1005.629,"endTime":1009.409,"body":"I learned more in the about"},{"speaker":"Stephen Devaux","startTime":1005.629,"endTime":1009.409,"body":"baseball in reading that"},{"speaker":"Stephen Devaux","startTime":1009.409,"endTime":1014.329,"body":"book than I had in decades of"},{"speaker":"Stephen Devaux","startTime":1009.409,"endTime":1014.329,"body":"following baseball and reading"},{"speaker":"Stephen Devaux","startTime":1014.329,"endTime":1017.779,"body":"about it, and so I love fell"},{"speaker":"Stephen Devaux","startTime":1014.329,"endTime":1017.779,"body":"in love with Bill James."},{"speaker":"Stephen Devaux","startTime":1017.779,"endTime":1018.769,"body":"I was 1982."},{"speaker":"Stephen Devaux","startTime":1019.309,"endTime":1025.3690000000001,"body":"In 1987, I was hired to"},{"speaker":"Stephen Devaux","startTime":1019.309,"endTime":1025.3690000000001,"body":"develop courses to underlay"},{"speaker":"Stephen Devaux","startTime":1025.699,"endTime":1028.729,"body":"project management software"},{"speaker":"Stephen Devaux","startTime":1025.699,"endTime":1028.729,"body":"with a company that I"},{"speaker":"Stephen Devaux","startTime":1028.729,"endTime":1030.049,"body":"worked for at that time."},{"speaker":"Stephen Devaux","startTime":1030.469,"endTime":1032.749,"body":"And I learned their software."},{"speaker":"Stephen Devaux","startTime":1032.749,"endTime":1033.44,"body":"I learned it."},{"speaker":"Stephen Devaux","startTime":1033.8,"endTime":1035.539,"body":"I started teaching it."},{"speaker":"Stephen Devaux","startTime":1035.69,"endTime":1038.779,"body":"But then about five years"},{"speaker":"Stephen Devaux","startTime":1035.69,"endTime":1038.779,"body":"later, when I went out on my"},{"speaker":"Stephen Devaux","startTime":1038.81,"endTime":1042.71,"body":"own and was a consultant and"},{"speaker":"Stephen Devaux","startTime":1038.81,"endTime":1042.71,"body":"had to do things like plan"},{"speaker":"Stephen Devaux","startTime":1042.71,"endTime":1046.01,"body":"projects, pulling schedules,"},{"speaker":"Stephen Devaux","startTime":1042.71,"endTime":1046.01,"body":"I realized that there was"},{"speaker":"Stephen Devaux","startTime":1046.01,"endTime":1049.849,"body":"stuff that was missing in the"},{"speaker":"Stephen Devaux","startTime":1046.01,"endTime":1049.849,"body":"software, like critical path"},{"speaker":"Stephen Devaux","startTime":1049.849,"endTime":1052.28,"body":"drag for pulling in a schedule."},{"speaker":"Stephen Devaux","startTime":1053.074,"endTime":1057.215,"body":"Ultimately, over the course"},{"speaker":"Stephen Devaux","startTime":1053.074,"endTime":1057.215,"body":"of the years, I realized"},{"speaker":"Stephen Devaux","startTime":1057.5439999999999,"endTime":1061.5339999999999,"body":"what was missing in the Bill"},{"speaker":"Stephen Devaux","startTime":1057.5439999999999,"endTime":1061.5339999999999,"body":"James thing, or what he did"},{"speaker":"Stephen Devaux","startTime":1061.5339999999999,"endTime":1065.824,"body":"was point out stuff that was"},{"speaker":"Stephen Devaux","startTime":1061.5339999999999,"endTime":1065.824,"body":"missing in baseball statistics."},{"speaker":"Stephen Devaux","startTime":1066.274,"endTime":1069.965,"body":"So everyone followed batting"},{"speaker":"Stephen Devaux","startTime":1066.274,"endTime":1069.965,"body":"averages at various things,"},{"speaker":"Stephen Devaux","startTime":1069.965,"endTime":1074.164,"body":"but he pointed out that in"},{"speaker":"Stephen Devaux","startTime":1069.965,"endTime":1074.164,"body":"baseball what really matters."},{"speaker":"Stephen Devaux","startTime":1074.584,"endTime":1077.135,"body":"Is wins versus losses."},{"speaker":"Stephen Devaux","startTime":1077.405,"endTime":1080.855,"body":"And so everything that a"},{"speaker":"Stephen Devaux","startTime":1077.405,"endTime":1080.855,"body":"player does, whether it's"},{"speaker":"Stephen Devaux","startTime":1080.855,"endTime":1084.7549999999999,"body":"making a good fielding play,"},{"speaker":"Stephen Devaux","startTime":1080.855,"endTime":1084.7549999999999,"body":"stealing a base, or hitting"},{"speaker":"Stephen Devaux","startTime":1084.7549999999999,"endTime":1089.5539999999999,"body":"a double, has to be related"},{"speaker":"Stephen Devaux","startTime":1084.7549999999999,"endTime":1089.5539999999999,"body":"to how many additional runs."},{"speaker":"Stephen Devaux","startTime":1089.5539999999999,"endTime":1094.715,"body":"First of all, will that add, and"},{"speaker":"Stephen Devaux","startTime":1089.5539999999999,"endTime":1094.715,"body":"how many wins will the runs act?"},{"speaker":"Stephen Devaux","startTime":1095.074,"endTime":1098.0439999999999,"body":"Everything should be based"},{"speaker":"Stephen Devaux","startTime":1095.074,"endTime":1098.0439999999999,"body":"on wins versus losses."},{"speaker":"Stephen Devaux","startTime":1098.5539999999999,"endTime":1101.405,"body":"What should it be on a project?"},{"speaker":"Stephen Devaux","startTime":1102.1399999999999,"endTime":1104.33,"body":"And that's where the"},{"speaker":"Stephen Devaux","startTime":1102.1399999999999,"endTime":1104.33,"body":"answer came to me."},{"speaker":"Stephen Devaux","startTime":1104.6299999999999,"endTime":1108.98,"body":"It should be based on"},{"speaker":"Stephen Devaux","startTime":1104.6299999999999,"endTime":1108.98,"body":"return on investment."},{"speaker":"Stephen Devaux","startTime":1108.98,"endTime":1110.6,"body":"Now I wanna say"},{"speaker":"Stephen Devaux","startTime":1108.98,"endTime":1110.6,"body":"something about this."},{"speaker":"Stephen Devaux","startTime":1110.6,"endTime":1114.26,"body":"'cause you said a moment ago"},{"speaker":"Stephen Devaux","startTime":1110.6,"endTime":1114.26,"body":"about how people are saying"},{"speaker":"Stephen Devaux","startTime":1114.26,"endTime":1115.76,"body":"all projects are investments."},{"speaker":"Stephen Devaux","startTime":1116.09,"endTime":1119.99,"body":"Here's something they are"},{"speaker":"Stephen Devaux","startTime":1116.09,"endTime":1119.99,"body":"missing though, on a project,"},{"speaker":"Stephen Devaux","startTime":1120.32,"endTime":1125.92,"body":"we very rarely know exactly"},{"speaker":"Stephen Devaux","startTime":1120.32,"endTime":1125.92,"body":"what return we are going to get."},{"speaker":"Stephen Devaux","startTime":1126.25,"endTime":1131.735,"body":"Just as when the Los Angeles"},{"speaker":"Stephen Devaux","startTime":1126.25,"endTime":1131.735,"body":"Dodgers signed Mook Bats,"},{"speaker":"Stephen Devaux","startTime":1131.945,"endTime":1135.695,"body":"they don't know exactly how"},{"speaker":"Stephen Devaux","startTime":1131.945,"endTime":1135.695,"body":"many wins he is going to add."},{"speaker":"Stephen Devaux","startTime":1136.729,"endTime":1141.019,"body":"But they have a feel for it"},{"speaker":"Stephen Devaux","startTime":1136.729,"endTime":1141.019,"body":"because Bookie bet's career"},{"speaker":"Stephen Devaux","startTime":1141.019,"endTime":1144.229,"body":"has been basically measured"},{"speaker":"Stephen Devaux","startTime":1141.019,"endTime":1144.229,"body":"in what is called winds"},{"speaker":"Stephen Devaux","startTime":1144.229,"endTime":1149.1789999999999,"body":"above replacement per season,"},{"speaker":"Stephen Devaux","startTime":1144.229,"endTime":1149.1789999999999,"body":"which is expected winds above"},{"speaker":"Stephen Devaux","startTime":1149.1789999999999,"endTime":1151.82,"body":"replacement that he could"},{"speaker":"Stephen Devaux","startTime":1149.1789999999999,"endTime":1151.82,"body":"be adding in the future."},{"speaker":"Stephen Devaux","startTime":1152.165,"endTime":1155.0149999999999,"body":"And so in a project,"},{"speaker":"Stephen Devaux","startTime":1152.165,"endTime":1155.0149999999999,"body":"what we need to be doing"},{"speaker":"Stephen Devaux","startTime":1155.2549999999999,"endTime":1158.855,"body":"is not measuring at the"},{"speaker":"Stephen Devaux","startTime":1155.2549999999999,"endTime":1158.855,"body":"end, which is looking at"},{"speaker":"Stephen Devaux","startTime":1158.855,"endTime":1161.435,"body":"the end of the project,"},{"speaker":"Stephen Devaux","startTime":1158.855,"endTime":1161.435,"body":"what ROI did it produce."},{"speaker":"Stephen Devaux","startTime":1161.675,"endTime":1167.555,"body":"What we have to be doing is"},{"speaker":"Stephen Devaux","startTime":1161.675,"endTime":1167.555,"body":"looking at the expected ROI or"},{"speaker":"Stephen Devaux","startTime":1167.555,"endTime":1172.0249999999999,"body":"expected project profit, which"},{"speaker":"Stephen Devaux","startTime":1167.555,"endTime":1172.0249999999999,"body":"is something on a project which"},{"speaker":"Stephen Devaux","startTime":1172.0249999999999,"endTime":1175.325,"body":"is impacted by just four things."},{"speaker":"Stephen Devaux","startTime":1175.325,"endTime":1176.075,"body":"If you think about it."},{"speaker":"Stephen Devaux","startTime":1176.7649999999999,"endTime":1181.295,"body":"The three triple constraints"},{"speaker":"Stephen Devaux","startTime":1176.7649999999999,"endTime":1181.295,"body":"scope, which produces"},{"speaker":"Stephen Devaux","startTime":1181.295,"endTime":1186.875,"body":"the value resource costs,"},{"speaker":"Stephen Devaux","startTime":1181.295,"endTime":1186.875,"body":"which are what we have to"},{"speaker":"Stephen Devaux","startTime":1186.875,"endTime":1189.395,"body":"invest to get the value."},{"speaker":"Stephen Devaux","startTime":1189.785,"endTime":1193.595,"body":"And when we're gonna get"},{"speaker":"Stephen Devaux","startTime":1189.785,"endTime":1193.595,"body":"that, just as with every other"},{"speaker":"Stephen Devaux","startTime":1193.595,"endTime":1198.125,"body":"investment, when we're gonna get"},{"speaker":"Stephen Devaux","startTime":1193.595,"endTime":1198.125,"body":"the payoff, is very important."},{"speaker":"Stephen Devaux","startTime":1198.545,"endTime":1200.645,"body":"Whether it's a three"},{"speaker":"Stephen Devaux","startTime":1198.545,"endTime":1200.645,"body":"month security or a six"},{"speaker":"Stephen Devaux","startTime":1200.645,"endTime":1201.7549999999999,"body":"month security, right?"},{"speaker":"Stephen Devaux","startTime":1202.055,"endTime":1203.975,"body":"When are we gonna"},{"speaker":"Stephen Devaux","startTime":1202.055,"endTime":1203.975,"body":"get that payoff?"},{"speaker":"Stephen Devaux","startTime":1204.56,"endTime":1209.36,"body":"The same thing is true for"},{"speaker":"Stephen Devaux","startTime":1204.56,"endTime":1209.36,"body":"a project throw in risks,"},{"speaker":"Stephen Devaux","startTime":1209.3899999999999,"endTime":1212.06,"body":"which can affect any of"},{"speaker":"Stephen Devaux","startTime":1209.3899999999999,"endTime":1212.06,"body":"them, and those are the four"},{"speaker":"Stephen Devaux","startTime":1212.06,"endTime":1216.29,"body":"things that project managers"},{"speaker":"Stephen Devaux","startTime":1212.06,"endTime":1216.29,"body":"should be looking at and"},{"speaker":"Stephen Devaux","startTime":1216.29,"endTime":1220.46,"body":"measuring in integration"},{"speaker":"Stephen Devaux","startTime":1216.29,"endTime":1220.46,"body":"across these four things."},{"speaker":"Stephen Devaux","startTime":1220.984,"endTime":1225.5149999999999,"body":"So the value of the scope"},{"speaker":"Stephen Devaux","startTime":1220.984,"endTime":1225.5149999999999,"body":"minus the cost of the resources"},{"speaker":"Stephen Devaux","startTime":1225.7549999999999,"endTime":1229.2649999999999,"body":"and the value of the scope"},{"speaker":"Stephen Devaux","startTime":1225.7549999999999,"endTime":1229.2649999999999,"body":"should be plus or minus if"},{"speaker":"Stephen Devaux","startTime":1229.2649999999999,"endTime":1230.914,"body":"we deliver earlier or later."},{"speaker":"Stephen Devaux","startTime":1230.914,"endTime":1232.594,"body":"Now, I just wanna"},{"speaker":"Stephen Devaux","startTime":1230.914,"endTime":1232.594,"body":"say one more thing."},{"speaker":"Stephen Devaux","startTime":1232.954,"endTime":1238.855,"body":"It was over 20 years before Bill"},{"speaker":"Stephen Devaux","startTime":1232.954,"endTime":1238.855,"body":"James became popular as a result"},{"speaker":"Stephen Devaux","startTime":1238.855,"endTime":1243.355,"body":"of this book called Moneyball"},{"speaker":"Stephen Devaux","startTime":1238.855,"endTime":1243.355,"body":"by Michael Lewis, which came out"},{"speaker":"Stephen Devaux","startTime":1243.355,"endTime":1248.215,"body":"in 2002, and which talks about"},{"speaker":"Stephen Devaux","startTime":1243.355,"endTime":1248.215,"body":"Bill James and Billy Bean, the"},{"speaker":"Stephen Devaux","startTime":1248.215,"endTime":1251.844,"body":"manager of the Oakland Athletics"},{"speaker":"Stephen Devaux","startTime":1248.215,"endTime":1251.844,"body":"who implemented it, and then"},{"speaker":"Stephen Devaux","startTime":1251.844,"endTime":1255.8039999999999,"body":"in nine years later they"},{"speaker":"Stephen Devaux","startTime":1251.844,"endTime":1255.8039999999999,"body":"made the movie with Brad Pit."},{"speaker":"Stephen Devaux","startTime":1256.2649999999999,"endTime":1260.2549999999999,"body":"Lots of Academy Award"},{"speaker":"Stephen Devaux","startTime":1256.2649999999999,"endTime":1260.2549999999999,"body":"nominations, but this movie, for"},{"speaker":"Stephen Devaux","startTime":1260.2549999999999,"endTime":1263.975,"body":"the most part, leaves out the"},{"speaker":"Stephen Devaux","startTime":1260.2549999999999,"endTime":1263.975,"body":"Bill James part of the story."},{"speaker":"Stephen Devaux","startTime":1264.245,"endTime":1268.5339999999999,"body":"But Bill James had infected"},{"speaker":"Stephen Devaux","startTime":1264.245,"endTime":1268.5339999999999,"body":"me, and I can honestly say"},{"speaker":"Stephen Devaux","startTime":1268.7749999999999,"endTime":1272.465,"body":"that I would not have come up"},{"speaker":"Stephen Devaux","startTime":1268.7749999999999,"endTime":1272.465,"body":"with many of these ideas, if"},{"speaker":"Stephen Devaux","startTime":1272.465,"endTime":1277.685,"body":"not all, without having Bill"},{"speaker":"Stephen Devaux","startTime":1272.465,"endTime":1277.685,"body":"James to have led me there."},{"speaker":"Stephen Devaux","startTime":1277.895,"endTime":1278.825,"body":"He doesn't know it."},{"speaker":"Stephen Devaux","startTime":1279.6789999999999,"endTime":1281.609,"body":"If I ever meet him,"},{"speaker":"Stephen Devaux","startTime":1279.6789999999999,"endTime":1281.609,"body":"I will tell him."},{"speaker":"Galen Low","startTime":1282.039,"endTime":1283.189,"body":"I love that story."},{"speaker":"Galen Low","startTime":1283.519,"endTime":1286.4289999999999,"body":"And for folks listening and"},{"speaker":"Galen Low","startTime":1283.519,"endTime":1286.4289999999999,"body":"unfamiliar with Bill James'"},{"speaker":"Galen Low","startTime":1286.4289999999999,"endTime":1289.189,"body":"work, what Steve held up"},{"speaker":"Galen Low","startTime":1286.4289999999999,"endTime":1289.189,"body":"and flipped through is an"},{"speaker":"Galen Low","startTime":1289.189,"endTime":1291.1399999999999,"body":"original copy collector's"},{"speaker":"Galen Low","startTime":1289.189,"endTime":1291.1399999999999,"body":"edition, I believe."},{"speaker":"Galen Low","startTime":1291.35,"endTime":1292.999,"body":"But you're right,"},{"speaker":"Galen Low","startTime":1291.35,"endTime":1292.999,"body":"it is all numbers."},{"speaker":"Galen Low","startTime":1292.999,"endTime":1293.87,"body":"It is just numbers."},{"speaker":"Galen Low","startTime":1294.02,"endTime":1295.729,"body":"And I'm picturing you"},{"speaker":"Galen Low","startTime":1294.02,"endTime":1295.729,"body":"reading this for, you"},{"speaker":"Galen Low","startTime":1295.729,"endTime":1296.9289999999999,"body":"know, 14 hours straight."},{"speaker":"Galen Low","startTime":1297.229,"endTime":1298.729,"body":"And I know a lot of my"},{"speaker":"Galen Low","startTime":1297.229,"endTime":1298.729,"body":"listeners are, you know,"},{"speaker":"Galen Low","startTime":1298.759,"endTime":1299.6,"body":"that's torture for them."},{"speaker":"Galen Low","startTime":1299.6,"endTime":1302.1789999999999,"body":"But I think what I found"},{"speaker":"Galen Low","startTime":1299.6,"endTime":1302.1789999999999,"body":"really interesting about it is."},{"speaker":"Galen Low","startTime":1302.695,"endTime":1304.735,"body":"The Bill James philosophy"},{"speaker":"Galen Low","startTime":1302.695,"endTime":1304.735,"body":"and what you took from it"},{"speaker":"Galen Low","startTime":1304.7649999999999,"endTime":1307.675,"body":"was that there's something"},{"speaker":"Galen Low","startTime":1304.7649999999999,"endTime":1307.675,"body":"missing about what we are"},{"speaker":"Galen Low","startTime":1307.675,"endTime":1309.2649999999999,"body":"actually paying attention to."},{"speaker":"Galen Low","startTime":1309.5049999999999,"endTime":1312.324,"body":"And if we were to pay attention"},{"speaker":"Galen Low","startTime":1309.5049999999999,"endTime":1312.324,"body":"to that, then we would be able"},{"speaker":"Galen Low","startTime":1312.324,"endTime":1316.855,"body":"to think about our projects as"},{"speaker":"Galen Low","startTime":1312.324,"endTime":1316.855,"body":"investments to start predicting,"},{"speaker":"Galen Low","startTime":1316.855,"endTime":1318.2939999999999,"body":"I guess, the expected value."},{"speaker":"Galen Low","startTime":1318.5049999999999,"endTime":1320.485,"body":"The other thing that I like"},{"speaker":"Galen Low","startTime":1318.5049999999999,"endTime":1320.485,"body":"about it, because I'm gonna"},{"speaker":"Galen Low","startTime":1320.485,"endTime":1323.2749999999999,"body":"make you dive into some of your"},{"speaker":"Galen Low","startTime":1320.485,"endTime":1323.2749999999999,"body":"techniques in a little bit, but"},{"speaker":"Galen Low","startTime":1323.2749999999999,"endTime":1325.7939999999999,"body":"the other thing I like about it"},{"speaker":"Galen Low","startTime":1323.2749999999999,"endTime":1325.7939999999999,"body":"is that, you know, oftentimes"},{"speaker":"Galen Low","startTime":1325.7939999999999,"endTime":1328.135,"body":"I talk to project managers and"},{"speaker":"Galen Low","startTime":1325.7939999999999,"endTime":1328.135,"body":"they're like, yeah, you know,"},{"speaker":"Galen Low","startTime":1328.135,"endTime":1331.11,"body":"business impact and business"},{"speaker":"Galen Low","startTime":1328.135,"endTime":1331.11,"body":"outcomes and ROI, but as soon"},{"speaker":"Galen Low","startTime":1331.11,"endTime":1332.55,"body":"as the project's done, I'm gone."},{"speaker":"Galen Low","startTime":1332.79,"endTime":1336.81,"body":"I don't get to say and measure"},{"speaker":"Galen Low","startTime":1332.79,"endTime":1336.81,"body":"that impact, but you're actually"},{"speaker":"Galen Low","startTime":1336.81,"endTime":1337.62,"body":"saying something different."},{"speaker":"Galen Low","startTime":1337.6499999999999,"endTime":1341.3999999999999,"body":"You're like, what actions can"},{"speaker":"Galen Low","startTime":1337.6499999999999,"endTime":1341.3999999999999,"body":"we take during a project that"},{"speaker":"Galen Low","startTime":1341.3999999999999,"endTime":1345.3899999999999,"body":"will increase the likelihood"},{"speaker":"Galen Low","startTime":1341.3999999999999,"endTime":1345.3899999999999,"body":"that we will have an increased"},{"speaker":"Galen Low","startTime":1345.3899999999999,"endTime":1348.12,"body":"return on investment, or that"},{"speaker":"Galen Low","startTime":1345.3899999999999,"endTime":1348.12,"body":"we will hit our target for the"},{"speaker":"Galen Low","startTime":1348.12,"endTime":1348.77,"body":"impact that we want to have?"},{"speaker":"Galen Low","startTime":1349.564,"endTime":1352.594,"body":"Even if you roll off after"},{"speaker":"Galen Low","startTime":1349.564,"endTime":1352.594,"body":"that project, you've done the"},{"speaker":"Galen Low","startTime":1352.594,"endTime":1354.5439999999999,"body":"things, you've asked the right"},{"speaker":"Galen Low","startTime":1352.594,"endTime":1354.5439999999999,"body":"questions, you've said things"},{"speaker":"Galen Low","startTime":1354.5439999999999,"endTime":1358.475,"body":"like, what if we deliver three"},{"speaker":"Galen Low","startTime":1354.5439999999999,"endTime":1358.475,"body":"months later when it intersects"},{"speaker":"Galen Low","startTime":1358.475,"endTime":1361.235,"body":"with this other project and"},{"speaker":"Galen Low","startTime":1358.475,"endTime":1361.235,"body":"we save twice as many lives?"},{"speaker":"Galen Low","startTime":1361.5339999999999,"endTime":1364.324,"body":"Or, you know, what actions"},{"speaker":"Galen Low","startTime":1361.5339999999999,"endTime":1364.324,"body":"can we take throughout the"},{"speaker":"Galen Low","startTime":1364.324,"endTime":1367.414,"body":"project life cycle that are"},{"speaker":"Galen Low","startTime":1364.324,"endTime":1367.414,"body":"going to, yeah, maybe increase"},{"speaker":"Galen Low","startTime":1367.414,"endTime":1369.364,"body":"our margins, you know, maybe"},{"speaker":"Galen Low","startTime":1367.414,"endTime":1369.364,"body":"it'll be more profitable."},{"speaker":"Galen Low","startTime":1369.364,"endTime":1371.435,"body":"Maybe we'll help more"},{"speaker":"Galen Low","startTime":1369.364,"endTime":1371.435,"body":"people in their lives."},{"speaker":"Galen Low","startTime":1371.7649999999999,"endTime":1372.215,"body":"I like that."},{"speaker":"Galen Low","startTime":1372.215,"endTime":1376.324,"body":"It's like you can still"},{"speaker":"Galen Low","startTime":1372.215,"endTime":1376.324,"body":"influence outcomes within"},{"speaker":"Galen Low","startTime":1376.324,"endTime":1377.5539999999999,"body":"the window of a project."},{"speaker":"Galen Low","startTime":1377.915,"endTime":1380.0149999999999,"body":"Obviously, I think that"},{"speaker":"Galen Low","startTime":1377.915,"endTime":1380.0149999999999,"body":"there's other projects out"},{"speaker":"Galen Low","startTime":1380.0149999999999,"endTime":1381.935,"body":"there right now where project"},{"speaker":"Galen Low","startTime":1380.0149999999999,"endTime":1381.935,"body":"managers don't roll off."},{"speaker":"Galen Low","startTime":1381.935,"endTime":1383.075,"body":"You know, they'll continue on."},{"speaker":"Galen Low","startTime":1383.075,"endTime":1384.455,"body":"I think that's probably"},{"speaker":"Galen Low","startTime":1383.075,"endTime":1384.455,"body":"the right idea."},{"speaker":"Galen Low","startTime":1384.695,"endTime":1387.305,"body":"Sometimes it's a portfolio of"},{"speaker":"Galen Low","startTime":1384.695,"endTime":1387.305,"body":"projects or like an ongoing"},{"speaker":"Galen Low","startTime":1387.305,"endTime":1390.365,"body":"series of projects, but I do"},{"speaker":"Galen Low","startTime":1387.305,"endTime":1390.365,"body":"like that notion that even"},{"speaker":"Galen Low","startTime":1390.365,"endTime":1392.585,"body":"if you're someone who's gonna"},{"speaker":"Galen Low","startTime":1390.365,"endTime":1392.585,"body":"roll off a project at the end,"},{"speaker":"Galen Low","startTime":1392.585,"endTime":1395.2649999999999,"body":"doesn't mean you can't think"},{"speaker":"Galen Low","startTime":1392.585,"endTime":1395.2649999999999,"body":"of this as an investment."},{"speaker":"Stephen Devaux","startTime":1395.5049999999999,"endTime":1397.695,"body":"Just one"},{"speaker":"Stephen Devaux","startTime":1395.5049999999999,"endTime":1397.695,"body":"thing I wanna say with regard"},{"speaker":"Stephen Devaux","startTime":1397.695,"endTime":1401.145,"body":"to that, projects are often"},{"speaker":"Stephen Devaux","startTime":1397.695,"endTime":1401.145,"body":"parts of programs, right?"},{"speaker":"Stephen Devaux","startTime":1401.445,"endTime":1404.2649999999999,"body":"And so we're responsible"},{"speaker":"Stephen Devaux","startTime":1401.445,"endTime":1404.2649999999999,"body":"for developing this new"},{"speaker":"Stephen Devaux","startTime":1404.5049999999999,"endTime":1407.445,"body":"consumer product that's"},{"speaker":"Stephen Devaux","startTime":1404.5049999999999,"endTime":1407.445,"body":"gonna sell everything."},{"speaker":"Stephen Devaux","startTime":1407.445,"endTime":1408.735,"body":"It's gonna be wonderful."},{"speaker":"Stephen Devaux","startTime":1408.735,"endTime":1409.995,"body":"Greatest thing ever, right?"},{"speaker":"Stephen Devaux","startTime":1410.564,"endTime":1413.0249999999999,"body":"We finish it as fast"},{"speaker":"Stephen Devaux","startTime":1410.564,"endTime":1413.0249999999999,"body":"it could, as could"},{"speaker":"Stephen Devaux","startTime":1413.0249999999999,"endTime":1414.375,"body":"possibly have been done."},{"speaker":"Stephen Devaux","startTime":1414.5539999999999,"endTime":1418.425,"body":"We come in way under budget"},{"speaker":"Stephen Devaux","startTime":1414.5539999999999,"endTime":1418.425,"body":"and it's got great quality."},{"speaker":"Stephen Devaux","startTime":1419.12,"endTime":1423.77,"body":"Then another project within"},{"speaker":"Stephen Devaux","startTime":1419.12,"endTime":1423.77,"body":"our program, which is the"},{"speaker":"Stephen Devaux","startTime":1423.77,"endTime":1427.85,"body":"product launch and the"},{"speaker":"Stephen Devaux","startTime":1423.77,"endTime":1427.85,"body":"marketing involved with"},{"speaker":"Stephen Devaux","startTime":1427.85,"endTime":1430.79,"body":"a product launch falls"},{"speaker":"Stephen Devaux","startTime":1427.85,"endTime":1430.79,"body":"absolutely fat on its face."},{"speaker":"Stephen Devaux","startTime":1432.665,"endTime":1434.495,"body":"And does a terrible job."},{"speaker":"Stephen Devaux","startTime":1434.825,"endTime":1440.585,"body":"Our project doesn't have a good"},{"speaker":"Stephen Devaux","startTime":1434.825,"endTime":1440.585,"body":"ROI, but it's not our fault."},{"speaker":"Stephen Devaux","startTime":1440.915,"endTime":1445.325,"body":"So ultimately, when we are a"},{"speaker":"Stephen Devaux","startTime":1440.915,"endTime":1445.325,"body":"obey, we are told and should"},{"speaker":"Stephen Devaux","startTime":1445.325,"endTime":1447.5439999999999,"body":"be told what the targets are."},{"speaker":"Stephen Devaux","startTime":1447.695,"endTime":1451.595,"body":"We can then show how we"},{"speaker":"Stephen Devaux","startTime":1447.695,"endTime":1451.595,"body":"exceeded those targets in terms"},{"speaker":"Stephen Devaux","startTime":1451.595,"endTime":1456.335,"body":"of what the overall value we"},{"speaker":"Stephen Devaux","startTime":1451.595,"endTime":1456.335,"body":"think we're bringing to it is."},{"speaker":"Stephen Devaux","startTime":1456.6499999999999,"endTime":1460.55,"body":"But then don't fault us if,"},{"speaker":"Stephen Devaux","startTime":1456.6499999999999,"endTime":1460.55,"body":"for example, right after"},{"speaker":"Stephen Devaux","startTime":1460.55,"endTime":1463.9089999999999,"body":"we produce this wonderful"},{"speaker":"Stephen Devaux","startTime":1460.55,"endTime":1463.9089999999999,"body":"product, either marketing falls"},{"speaker":"Stephen Devaux","startTime":1463.9089999999999,"endTime":1466.699,"body":"apart or COVID hits, right?"},{"speaker":"Stephen Devaux","startTime":1467.239,"endTime":1469.52,"body":"So there are all"},{"speaker":"Stephen Devaux","startTime":1467.239,"endTime":1469.52,"body":"kinds of things."},{"speaker":"Stephen Devaux","startTime":1469.52,"endTime":1473.719,"body":"Some of them, black swans,"},{"speaker":"Stephen Devaux","startTime":1469.52,"endTime":1473.719,"body":"unexpected events, but some"},{"speaker":"Stephen Devaux","startTime":1473.719,"endTime":1478.1299999999999,"body":"of them are also part of"},{"speaker":"Stephen Devaux","startTime":1473.719,"endTime":1478.1299999999999,"body":"every program potentially"},{"speaker":"Stephen Devaux","startTime":1478.4289999999999,"endTime":1480.1689999999999,"body":"that we have no control of."},{"speaker":"Stephen Devaux","startTime":1480.3799999999999,"endTime":1483.26,"body":"We're on a program where"},{"speaker":"Stephen Devaux","startTime":1480.3799999999999,"endTime":1483.26,"body":"I'm part of a team."},{"speaker":"Stephen Devaux","startTime":1483.665,"endTime":1488.465,"body":"And so, you know, you can't"},{"speaker":"Stephen Devaux","startTime":1483.665,"endTime":1488.465,"body":"go to Shahe Tani and tell"},{"speaker":"Stephen Devaux","startTime":1488.465,"endTime":1492.185,"body":"him that despite the fact"},{"speaker":"Stephen Devaux","startTime":1488.465,"endTime":1492.185,"body":"that he hit 58 home runs"},{"speaker":"Stephen Devaux","startTime":1492.8899999999999,"endTime":1494.3899999999999,"body":"and pitched wonderfully."},{"speaker":"Stephen Devaux","startTime":1494.689,"endTime":1498.8,"body":"You can't tell him that we do"},{"speaker":"Stephen Devaux","startTime":1494.689,"endTime":1498.8,"body":"only 1 94 games this season"},{"speaker":"Stephen Devaux","startTime":1498.98,"endTime":1500.6589999999999,"body":"because he did a lousy job."},{"speaker":"Stephen Devaux","startTime":1500.99,"endTime":1503.27,"body":"Someone else maybe"},{"speaker":"Stephen Devaux","startTime":1500.99,"endTime":1503.27,"body":"dropped the ball."},{"speaker":"Stephen Devaux","startTime":1503.33,"endTime":1503.689,"body":"Right?"},{"speaker":"Galen Low","startTime":1503.9289999999999,"endTime":1504.83,"body":"That's"},{"speaker":"Galen Low","startTime":1503.9289999999999,"endTime":1504.83,"body":"really interesting."},{"speaker":"Galen Low","startTime":1504.83,"endTime":1507.05,"body":"I wonder if we can dig in"},{"speaker":"Galen Low","startTime":1504.83,"endTime":1507.05,"body":"there, because we've been"},{"speaker":"Galen Low","startTime":1507.05,"endTime":1509.84,"body":"talking about some concepts"},{"speaker":"Galen Low","startTime":1507.05,"endTime":1509.84,"body":"like value breakdown structures."},{"speaker":"Galen Low","startTime":1509.84,"endTime":1511.61,"body":"We've been talking about"},{"speaker":"Galen Low","startTime":1509.84,"endTime":1511.61,"body":"critical path drag."},{"speaker":"Galen Low","startTime":1511.82,"endTime":1514.04,"body":"Fundamentally, we're talking"},{"speaker":"Galen Low","startTime":1511.82,"endTime":1514.04,"body":"about the mindset and"},{"speaker":"Galen Low","startTime":1514.04,"endTime":1517.1299999999999,"body":"behaviors for managing a"},{"speaker":"Galen Low","startTime":1514.04,"endTime":1517.1299999999999,"body":"project like an investment."},{"speaker":"Galen Low","startTime":1517.469,"endTime":1521.61,"body":"I saw you give a talk once and"},{"speaker":"Galen Low","startTime":1517.469,"endTime":1521.61,"body":"you were talking about, it was"},{"speaker":"Galen Low","startTime":1521.61,"endTime":1524.699,"body":"a hypothetical scenario with"},{"speaker":"Galen Low","startTime":1521.61,"endTime":1524.699,"body":"an island resort that was gonna"},{"speaker":"Galen Low","startTime":1524.699,"endTime":1527.58,"body":"make tons of money, and then"},{"speaker":"Galen Low","startTime":1524.699,"endTime":1527.58,"body":"there was a bridge involved."},{"speaker":"Galen Low","startTime":1527.789,"endTime":1529.949,"body":"I wonder, could we"},{"speaker":"Galen Low","startTime":1527.789,"endTime":1529.949,"body":"double click into that?"},{"speaker":"Galen Low","startTime":1530.279,"endTime":1532.4089999999999,"body":"I want you to give the"},{"speaker":"Galen Low","startTime":1530.279,"endTime":1532.4089999999999,"body":"context, but I want to double"},{"speaker":"Galen Low","startTime":1532.4089999999999,"endTime":1534.209,"body":"click into this notion that."},{"speaker":"Galen Low","startTime":1534.719,"endTime":1538.08,"body":"You might be managing your"},{"speaker":"Galen Low","startTime":1534.719,"endTime":1538.08,"body":"project like an investment, and"},{"speaker":"Galen Low","startTime":1538.08,"endTime":1540.209,"body":"aside from the black swans that"},{"speaker":"Galen Low","startTime":1538.08,"endTime":1540.209,"body":"you can't predict, there may"},{"speaker":"Galen Low","startTime":1540.209,"endTime":1543.029,"body":"be pieces of the puzzle that"},{"speaker":"Galen Low","startTime":1540.209,"endTime":1543.029,"body":"your project relies on that"},{"speaker":"Galen Low","startTime":1543.029,"endTime":1544.799,"body":"you don't have influence over."},{"speaker":"Galen Low","startTime":1545.1,"endTime":1547.949,"body":"And I'm wondering if we could"},{"speaker":"Galen Low","startTime":1545.1,"endTime":1547.949,"body":"go into how you might go about"},{"speaker":"Galen Low","startTime":1547.949,"endTime":1550.769,"body":"trying to influence some of"},{"speaker":"Galen Low","startTime":1547.949,"endTime":1550.769,"body":"the things, like to ask the"},{"speaker":"Galen Low","startTime":1550.769,"endTime":1552.84,"body":"right questions or to get"},{"speaker":"Galen Low","startTime":1550.769,"endTime":1552.84,"body":"involved with the marketing."},{"speaker":"Galen Low","startTime":1552.84,"endTime":1554.899,"body":"But first I wanted you to"},{"speaker":"Galen Low","startTime":1552.84,"endTime":1554.899,"body":"tell me the the bridge thing."},{"speaker":"Stephen Devaux","startTime":1555.1689999999999,"endTime":1557.9289999999999,"body":"The bridge thing"},{"speaker":"Stephen Devaux","startTime":1555.1689999999999,"endTime":1557.9289999999999,"body":"actually is something that I am"},{"speaker":"Stephen Devaux","startTime":1558.229,"endTime":1561.829,"body":"quite excited about, the stuff"},{"speaker":"Stephen Devaux","startTime":1558.229,"endTime":1561.829,"body":"that I've been doing in it."},{"speaker":"Stephen Devaux","startTime":1562.194,"endTime":1565.104,"body":"Because you know when you"},{"speaker":"Stephen Devaux","startTime":1562.194,"endTime":1565.104,"body":"turn 70, you're not supposed"},{"speaker":"Stephen Devaux","startTime":1565.104,"endTime":1567.594,"body":"to ever be able to come"},{"speaker":"Stephen Devaux","startTime":1565.104,"endTime":1567.594,"body":"up with a new idea again."},{"speaker":"Stephen Devaux","startTime":1567.864,"endTime":1571.2839999999999,"body":"And actually the bridge thing"},{"speaker":"Stephen Devaux","startTime":1567.864,"endTime":1571.2839999999999,"body":"is something that I thought"},{"speaker":"Stephen Devaux","startTime":1571.2839999999999,"endTime":1574.104,"body":"about, occurred to me while"},{"speaker":"Stephen Devaux","startTime":1571.2839999999999,"endTime":1574.104,"body":"the bridge thing and its"},{"speaker":"Stephen Devaux","startTime":1574.104,"endTime":1576.984,"body":"implications within the last"},{"speaker":"Stephen Devaux","startTime":1574.104,"endTime":1576.984,"body":"couple of years, and I've been"},{"speaker":"Stephen Devaux","startTime":1576.984,"endTime":1579.504,"body":"doing a good deal of work on it."},{"speaker":"Stephen Devaux","startTime":1579.924,"endTime":1584.844,"body":"Here's the thing, within any"},{"speaker":"Stephen Devaux","startTime":1579.924,"endTime":1584.844,"body":"program of projects, there are"},{"speaker":"Stephen Devaux","startTime":1584.844,"endTime":1586.5539999999999,"body":"three and I believe only three."},{"speaker":"Stephen Devaux","startTime":1587.559,"endTime":1593.319,"body":"Types of projects, types in"},{"speaker":"Stephen Devaux","startTime":1587.559,"endTime":1593.319,"body":"terms of how they create value."},{"speaker":"Stephen Devaux","startTime":1594.039,"endTime":1597.879,"body":"One is a value generator,"},{"speaker":"Stephen Devaux","startTime":1594.039,"endTime":1597.879,"body":"which could be increasing"},{"speaker":"Stephen Devaux","startTime":1597.879,"endTime":1602.709,"body":"revenues, saving lives,"},{"speaker":"Stephen Devaux","startTime":1597.879,"endTime":1602.709,"body":"decreasing costs, right?"},{"speaker":"Stephen Devaux","startTime":1603.039,"endTime":1606.969,"body":"All of these things are value"},{"speaker":"Stephen Devaux","startTime":1603.039,"endTime":1606.969,"body":"generators, but then there's a"},{"speaker":"Stephen Devaux","startTime":1606.969,"endTime":1610.8999999999999,"body":"second type of project, which"},{"speaker":"Stephen Devaux","startTime":1606.969,"endTime":1610.8999999999999,"body":"may or may not be generating any"},{"speaker":"Stephen Devaux","startTime":1610.8999999999999,"endTime":1617.1689999999999,"body":"value at all, but it's what I"},{"speaker":"Stephen Devaux","startTime":1610.8999999999999,"endTime":1617.1689999999999,"body":"call a value enabler, which is"},{"speaker":"Stephen Devaux","startTime":1617.5439999999999,"endTime":1623.3039999999999,"body":"that you can't do that second"},{"speaker":"Stephen Devaux","startTime":1617.5439999999999,"endTime":1623.3039999999999,"body":"project a value generator until"},{"speaker":"Stephen Devaux","startTime":1623.3039999999999,"endTime":1625.104,"body":"you've done the value enabler."},{"speaker":"Stephen Devaux","startTime":1625.494,"endTime":1629.064,"body":"So on the project, the Bridge"},{"speaker":"Stephen Devaux","startTime":1625.494,"endTime":1629.064,"body":"Project, we're building"},{"speaker":"Stephen Devaux","startTime":1629.064,"endTime":1632.5439999999999,"body":"this wonderful development"},{"speaker":"Stephen Devaux","startTime":1629.064,"endTime":1632.5439999999999,"body":"that's gonna have hotels"},{"speaker":"Stephen Devaux","startTime":1632.844,"endTime":1637.224,"body":"and luxury restaurants, and"},{"speaker":"Stephen Devaux","startTime":1632.844,"endTime":1637.224,"body":"a marina and golf courses,"},{"speaker":"Stephen Devaux","startTime":1637.494,"endTime":1640.434,"body":"all kinds of things for"},{"speaker":"Stephen Devaux","startTime":1637.494,"endTime":1640.434,"body":"the rich and famous to come"},{"speaker":"Stephen Devaux","startTime":1640.434,"endTime":1641.634,"body":"and spend their money on."},{"speaker":"Stephen Devaux","startTime":1641.724,"endTime":1645.2939999999999,"body":"It's gonna bring in millions of"},{"speaker":"Stephen Devaux","startTime":1641.724,"endTime":1645.2939999999999,"body":"dollars in revenues every year."},{"speaker":"Stephen Devaux","startTime":1645.774,"endTime":1650.874,"body":"But this development is on an"},{"speaker":"Stephen Devaux","startTime":1645.774,"endTime":1650.874,"body":"island with very steep sides."},{"speaker":"Stephen Devaux","startTime":1651.144,"endTime":1655.164,"body":"And so we have to get"},{"speaker":"Stephen Devaux","startTime":1651.144,"endTime":1655.164,"body":"the equipment there to"},{"speaker":"Stephen Devaux","startTime":1655.314,"endTime":1657.324,"body":"build all of these things."},{"speaker":"Stephen Devaux","startTime":1657.714,"endTime":1660.474,"body":"And in order to get the"},{"speaker":"Stephen Devaux","startTime":1657.714,"endTime":1660.474,"body":"equipment there, we're going"},{"speaker":"Stephen Devaux","startTime":1660.474,"endTime":1664.194,"body":"to have to build a bridge"},{"speaker":"Stephen Devaux","startTime":1660.474,"endTime":1664.194,"body":"to this little island."},{"speaker":"Stephen Devaux","startTime":1664.7939999999999,"endTime":1671.124,"body":"If that bridge takes one day"},{"speaker":"Stephen Devaux","startTime":1664.7939999999999,"endTime":1671.124,"body":"longer than it should, our"},{"speaker":"Stephen Devaux","startTime":1671.574,"endTime":1673.494,"body":"opening three years, hence."},{"speaker":"Stephen Devaux","startTime":1674.739,"endTime":1677.349,"body":"Is going to be"},{"speaker":"Stephen Devaux","startTime":1674.739,"endTime":1677.349,"body":"delayed by one day."},{"speaker":"Stephen Devaux","startTime":1677.709,"endTime":1682.149,"body":"If it's a month late, we're"},{"speaker":"Stephen Devaux","startTime":1677.709,"endTime":1682.149,"body":"losing revenues of a month."},{"speaker":"Stephen Devaux","startTime":1682.599,"endTime":1686.859,"body":"So ultimately, the revenues"},{"speaker":"Stephen Devaux","startTime":1682.599,"endTime":1686.859,"body":"from the hotel, the marina,"},{"speaker":"Stephen Devaux","startTime":1686.949,"endTime":1690.099,"body":"the golf course, the shops,"},{"speaker":"Stephen Devaux","startTime":1686.949,"endTime":1690.099,"body":"the stores, everything"},{"speaker":"Stephen Devaux","startTime":1690.579,"endTime":1693.104,"body":"is riding on this bridge."},{"speaker":"Stephen Devaux","startTime":1694.089,"endTime":1697.509,"body":"The faster we get it"},{"speaker":"Stephen Devaux","startTime":1694.089,"endTime":1697.509,"body":"done, the faster we can"},{"speaker":"Stephen Devaux","startTime":1697.509,"endTime":1699.039,"body":"start all the others."},{"speaker":"Stephen Devaux","startTime":1699.189,"endTime":1701.769,"body":"It's an enabler of"},{"speaker":"Stephen Devaux","startTime":1699.189,"endTime":1701.769,"body":"several projects."},{"speaker":"Stephen Devaux","startTime":1701.769,"endTime":1705.129,"body":"So even though this bridge, you"},{"speaker":"Stephen Devaux","startTime":1701.769,"endTime":1705.129,"body":"know, if we put a toll booth"},{"speaker":"Stephen Devaux","startTime":1705.129,"endTime":1708.069,"body":"on it at some point, maybe"},{"speaker":"Stephen Devaux","startTime":1705.129,"endTime":1708.069,"body":"it'll bring us in a hundred"},{"speaker":"Stephen Devaux","startTime":1708.069,"endTime":1709.509,"body":"dollars a day or something."},{"speaker":"Stephen Devaux","startTime":1710.114,"endTime":1714.404,"body":"Ultimately, it's a hugely"},{"speaker":"Stephen Devaux","startTime":1710.114,"endTime":1714.404,"body":"valuable project because"},{"speaker":"Stephen Devaux","startTime":1714.404,"endTime":1719.235,"body":"it's an enabler of four"},{"speaker":"Stephen Devaux","startTime":1714.404,"endTime":1719.235,"body":"or five other projects."},{"speaker":"Stephen Devaux","startTime":1719.5339999999999,"endTime":1722.985,"body":"Any delays on it,"},{"speaker":"Stephen Devaux","startTime":1719.5339999999999,"endTime":1722.985,"body":"therefore will delay the"},{"speaker":"Stephen Devaux","startTime":1722.985,"endTime":1724.7549999999999,"body":"projects it's enabling."},{"speaker":"Stephen Devaux","startTime":1725.114,"endTime":1729.854,"body":"And where do we want to add"},{"speaker":"Stephen Devaux","startTime":1725.114,"endTime":1729.854,"body":"resources to get something"},{"speaker":"Stephen Devaux","startTime":1729.854,"endTime":1732.7649999999999,"body":"done faster on the golf course?"},{"speaker":"Stephen Devaux","startTime":1732.944,"endTime":1735.434,"body":"That'll bring us a"},{"speaker":"Stephen Devaux","startTime":1732.944,"endTime":1735.434,"body":"little on the shops."},{"speaker":"Stephen Devaux","startTime":1735.8039999999999,"endTime":1739.494,"body":"On the bridge, which isn't"},{"speaker":"Stephen Devaux","startTime":1735.8039999999999,"endTime":1739.494,"body":"gonna generate any value"},{"speaker":"Stephen Devaux","startTime":1739.824,"endTime":1744.984,"body":"itself, but it's going to enable"},{"speaker":"Stephen Devaux","startTime":1739.824,"endTime":1744.984,"body":"all of the value generators."},{"speaker":"Stephen Devaux","startTime":1745.494,"endTime":1748.734,"body":"This is really a new concept"},{"speaker":"Stephen Devaux","startTime":1745.494,"endTime":1748.734,"body":"that people just don't"},{"speaker":"Stephen Devaux","startTime":1748.734,"endTime":1750.324,"body":"seem to have a sense of."},{"speaker":"Stephen Devaux","startTime":1750.594,"endTime":1754.734,"body":"If we can show this, that the"},{"speaker":"Stephen Devaux","startTime":1750.594,"endTime":1754.734,"body":"value of something, of its"},{"speaker":"Stephen Devaux","startTime":1754.734,"endTime":1760.674,"body":"time, it can be huge and it can"},{"speaker":"Stephen Devaux","startTime":1754.734,"endTime":1760.674,"body":"basically justify the resources"},{"speaker":"Stephen Devaux","startTime":1760.674,"endTime":1765.594,"body":"that are needed to increase the"},{"speaker":"Stephen Devaux","startTime":1760.674,"endTime":1765.594,"body":"speed to shorten the critical"},{"speaker":"Stephen Devaux","startTime":1765.594,"endTime":1768.384,"body":"path of the Enabler project."},{"speaker":"Galen Low","startTime":1768.715,"endTime":1769.5249999999999,"body":"I really like that."},{"speaker":"Galen Low","startTime":1769.824,"endTime":1772.374,"body":"I'm gonna ask you two questions,"},{"speaker":"Galen Low","startTime":1769.824,"endTime":1772.374,"body":"one from each side of the fence."},{"speaker":"Galen Low","startTime":1772.374,"endTime":1776.064,"body":"'cause I really like the idea"},{"speaker":"Galen Low","startTime":1772.374,"endTime":1776.064,"body":"that a value enabling project"},{"speaker":"Galen Low","startTime":1776.2749999999999,"endTime":1779.334,"body":"is a storytelling element for"},{"speaker":"Galen Low","startTime":1776.2749999999999,"endTime":1779.334,"body":"every project manager I think"},{"speaker":"Galen Low","startTime":1779.604,"endTime":1780.384,"body":"about the project, right?"},{"speaker":"Galen Low","startTime":1780.384,"endTime":1782.064,"body":"And you'd be like,"},{"speaker":"Galen Low","startTime":1780.384,"endTime":1782.064,"body":"well, I delivered this."},{"speaker":"Galen Low","startTime":1782.389,"endTime":1785.479,"body":"On time or early, and as"},{"speaker":"Galen Low","startTime":1782.389,"endTime":1785.479,"body":"a result, we unlocked this"},{"speaker":"Galen Low","startTime":1785.479,"endTime":1789.619,"body":"value and this resort or"},{"speaker":"Galen Low","startTime":1785.479,"endTime":1789.619,"body":"this, you know, the facilities"},{"speaker":"Galen Low","startTime":1789.619,"endTime":1792.259,"body":"on this island was able to"},{"speaker":"Galen Low","startTime":1789.619,"endTime":1792.259,"body":"start generating revenue."},{"speaker":"Galen Low","startTime":1792.559,"endTime":1793.999,"body":"I think it's a"},{"speaker":"Galen Low","startTime":1792.559,"endTime":1793.999,"body":"hugely good story."},{"speaker":"Galen Low","startTime":1794.239,"endTime":1797.539,"body":"I guess my first question is,"},{"speaker":"Galen Low","startTime":1794.239,"endTime":1797.539,"body":"if you're leading the Bridge"},{"speaker":"Galen Low","startTime":1797.539,"endTime":1801.139,"body":"Project, how can you go about"},{"speaker":"Galen Low","startTime":1797.539,"endTime":1801.139,"body":"advocating for more resources?"},{"speaker":"Galen Low","startTime":1801.609,"endTime":1804.609,"body":"Maybe I've answered my own"},{"speaker":"Galen Low","startTime":1801.609,"endTime":1804.609,"body":"question there, but what is the"},{"speaker":"Galen Low","startTime":1804.609,"endTime":1807.639,"body":"sort of mindset and behavior"},{"speaker":"Galen Low","startTime":1804.609,"endTime":1807.639,"body":"of the Bridge Project Manager"},{"speaker":"Galen Low","startTime":1807.9089999999999,"endTime":1810.579,"body":"to really make sure that they"},{"speaker":"Galen Low","startTime":1807.9089999999999,"endTime":1810.579,"body":"get the resources they need so"},{"speaker":"Galen Low","startTime":1810.579,"endTime":1812.859,"body":"that they're asking the right"},{"speaker":"Galen Low","startTime":1810.579,"endTime":1812.859,"body":"questions and that their project"},{"speaker":"Galen Low","startTime":1812.859,"endTime":1813.879,"body":"is getting enough attention?"},{"speaker":"Galen Low","startTime":1813.879,"endTime":1817.149,"body":"Because I'm imagining that"},{"speaker":"Galen Low","startTime":1813.879,"endTime":1817.149,"body":"sometimes you'll have, you"},{"speaker":"Galen Low","startTime":1817.149,"endTime":1819.999,"body":"know, your executive sponsor"},{"speaker":"Galen Low","startTime":1817.149,"endTime":1819.999,"body":"or like executive stakeholders."},{"speaker":"Galen Low","startTime":1820.674,"endTime":1822.384,"body":"We'll be like, yeah, that's"},{"speaker":"Galen Low","startTime":1820.674,"endTime":1822.384,"body":"just the bridge project."},{"speaker":"Galen Low","startTime":1822.384,"endTime":1823.074,"body":"Like who cares?"},{"speaker":"Galen Low","startTime":1823.074,"endTime":1824.3039999999999,"body":"We need to do what you said."},{"speaker":"Galen Low","startTime":1824.424,"endTime":1827.364,"body":"We need to throw more people"},{"speaker":"Galen Low","startTime":1824.424,"endTime":1827.364,"body":"and more resource at the golf"},{"speaker":"Galen Low","startTime":1827.364,"endTime":1830.245,"body":"course 'cause that's going"},{"speaker":"Galen Low","startTime":1827.364,"endTime":1830.245,"body":"to actually generate revenue."},{"speaker":"Galen Low","startTime":1830.5439999999999,"endTime":1832.374,"body":"But what can you do as a"},{"speaker":"Galen Low","startTime":1830.5439999999999,"endTime":1832.374,"body":"project manager to say,"},{"speaker":"Galen Low","startTime":1832.374,"endTime":1836.485,"body":"actually, my project is a"},{"speaker":"Galen Low","startTime":1832.374,"endTime":1836.485,"body":"value enabler and I think I"},{"speaker":"Galen Low","startTime":1836.485,"endTime":1837.5049999999999,"body":"should have more resources."},{"speaker":"Stephen Devaux","startTime":1837.7749999999999,"endTime":1839.094,"body":"We would"},{"speaker":"Stephen Devaux","startTime":1837.7749999999999,"endTime":1839.094,"body":"like to think that the"},{"speaker":"Stephen Devaux","startTime":1839.094,"endTime":1844.2549999999999,"body":"project manager will go and"},{"speaker":"Stephen Devaux","startTime":1839.094,"endTime":1844.2549999999999,"body":"it will start looking at ROI"},{"speaker":"Stephen Devaux","startTime":1844.824,"endTime":1846.0539999999999,"body":"and increased investment."},{"speaker":"Stephen Devaux","startTime":1846.0539999999999,"endTime":1848.664,"body":"See where their project"},{"speaker":"Stephen Devaux","startTime":1846.0539999999999,"endTime":1848.664,"body":"fits in with the others."},{"speaker":"Stephen Devaux","startTime":1849.004,"endTime":1852.664,"body":"And determine that it's an"},{"speaker":"Stephen Devaux","startTime":1849.004,"endTime":1852.664,"body":"enabler, and then find out,"},{"speaker":"Stephen Devaux","startTime":1852.664,"endTime":1855.844,"body":"well, how much revenue all the"},{"speaker":"Stephen Devaux","startTime":1852.664,"endTime":1855.844,"body":"others are going to produce."},{"speaker":"Stephen Devaux","startTime":1856.0539999999999,"endTime":1860.404,"body":"Say they can't produce"},{"speaker":"Stephen Devaux","startTime":1856.0539999999999,"endTime":1860.404,"body":"revenues until we get finished."},{"speaker":"Stephen Devaux","startTime":1860.404,"endTime":1863.644,"body":"They can't even start producing"},{"speaker":"Stephen Devaux","startTime":1860.404,"endTime":1863.644,"body":"revenues till we get finished."},{"speaker":"Stephen Devaux","startTime":1863.644,"endTime":1865.894,"body":"By the way, there are other"},{"speaker":"Stephen Devaux","startTime":1863.644,"endTime":1865.894,"body":"projects that are like this."},{"speaker":"Stephen Devaux","startTime":1865.894,"endTime":1870.334,"body":"If you think about a platform,"},{"speaker":"Stephen Devaux","startTime":1865.894,"endTime":1870.334,"body":"save for games, right?"},{"speaker":"Stephen Devaux","startTime":1870.724,"endTime":1872.104,"body":"A Game Boy type thing."},{"speaker":"Stephen Devaux","startTime":1872.584,"endTime":1874.864,"body":"This new game, kids"},{"speaker":"Stephen Devaux","startTime":1872.584,"endTime":1874.864,"body":"are gonna love this."},{"speaker":"Stephen Devaux","startTime":1875.424,"endTime":1879.8039999999999,"body":"But ultimately the platform"},{"speaker":"Stephen Devaux","startTime":1875.424,"endTime":1879.8039999999999,"body":"has to get finished first."},{"speaker":"Stephen Devaux","startTime":1880.0439999999999,"endTime":1883.134,"body":"It's like the Christmas tree,"},{"speaker":"Stephen Devaux","startTime":1880.0439999999999,"endTime":1883.134,"body":"if you will, that we then"},{"speaker":"Stephen Devaux","startTime":1883.134,"endTime":1884.874,"body":"hang the decorations on."},{"speaker":"Stephen Devaux","startTime":1885.144,"endTime":1887.844,"body":"Without the tree, you"},{"speaker":"Stephen Devaux","startTime":1885.144,"endTime":1887.844,"body":"don't have the decorations."},{"speaker":"Stephen Devaux","startTime":1888.204,"endTime":1892.224,"body":"Secondly, the people"},{"speaker":"Stephen Devaux","startTime":1888.204,"endTime":1892.224,"body":"who are the investors."},{"speaker":"Stephen Devaux","startTime":1892.584,"endTime":1897.2649999999999,"body":"They have to start realizing"},{"speaker":"Stephen Devaux","startTime":1892.584,"endTime":1897.2649999999999,"body":"that this information has to"},{"speaker":"Stephen Devaux","startTime":1897.2649999999999,"endTime":1901.0439999999999,"body":"be, they have to figure it"},{"speaker":"Stephen Devaux","startTime":1897.2649999999999,"endTime":1901.0439999999999,"body":"out and they have to give this"},{"speaker":"Stephen Devaux","startTime":1901.0439999999999,"endTime":1905.935,"body":"information to the project"},{"speaker":"Stephen Devaux","startTime":1901.0439999999999,"endTime":1905.935,"body":"teams within the program."},{"speaker":"Stephen Devaux","startTime":1906.144,"endTime":1909.864,"body":"And so one of the things that"},{"speaker":"Stephen Devaux","startTime":1906.144,"endTime":1909.864,"body":"upsets me, that I'm critical"},{"speaker":"Stephen Devaux","startTime":1909.864,"endTime":1913.644,"body":"of in terms of project"},{"speaker":"Stephen Devaux","startTime":1909.864,"endTime":1913.644,"body":"management software is there"},{"speaker":"Stephen Devaux","startTime":1913.644,"endTime":1918.864,"body":"are very few, if any, project"},{"speaker":"Stephen Devaux","startTime":1913.644,"endTime":1918.864,"body":"management software packages."},{"speaker":"Stephen Devaux","startTime":1919.614,"endTime":1922.7939999999999,"body":"That right up front in"},{"speaker":"Stephen Devaux","startTime":1919.614,"endTime":1922.7939999999999,"body":"initiating a project"},{"speaker":"Stephen Devaux","startTime":1922.7939999999999,"endTime":1925.584,"body":"say, what is the value"},{"speaker":"Stephen Devaux","startTime":1922.7939999999999,"endTime":1925.584,"body":"of this going to be?"},{"speaker":"Stephen Devaux","startTime":1925.7939999999999,"endTime":1929.649,"body":"And even more important,"},{"speaker":"Stephen Devaux","startTime":1925.7939999999999,"endTime":1929.649,"body":"what is the value or"},{"speaker":"Stephen Devaux","startTime":1929.649,"endTime":1934.059,"body":"cost of time earlier or"},{"speaker":"Stephen Devaux","startTime":1929.649,"endTime":1934.059,"body":"later than a target date?"},{"speaker":"Stephen Devaux","startTime":1934.359,"endTime":1939.009,"body":"If you give the bridge"},{"speaker":"Stephen Devaux","startTime":1934.359,"endTime":1939.009,"body":"builder, the Game O developer,"},{"speaker":"Stephen Devaux","startTime":1939.1589999999999,"endTime":1943.239,"body":"that information, then all"},{"speaker":"Stephen Devaux","startTime":1939.1589999999999,"endTime":1943.239,"body":"of a sudden they can make"},{"speaker":"Stephen Devaux","startTime":1943.239,"endTime":1947.739,"body":"decisions and guess what those"},{"speaker":"Stephen Devaux","startTime":1943.239,"endTime":1947.739,"body":"decisions might include if you"},{"speaker":"Stephen Devaux","startTime":1947.739,"endTime":1953.574,"body":"give us a fourth bulldozer,"},{"speaker":"Stephen Devaux","startTime":1947.739,"endTime":1953.574,"body":"we can get this bridge"},{"speaker":"Stephen Devaux","startTime":1953.574,"endTime":1957.0539999999999,"body":"built faster or whatever,"},{"speaker":"Stephen Devaux","startTime":1953.574,"endTime":1957.0539999999999,"body":"or crane, a fifth crane."},{"speaker":"Stephen Devaux","startTime":1957.384,"endTime":1961.644,"body":"We can do this three weeks"},{"speaker":"Stephen Devaux","startTime":1957.384,"endTime":1961.644,"body":"faster and three weeks revenues"},{"speaker":"Stephen Devaux","startTime":1961.944,"endTime":1967.994,"body":"on this new development are"},{"speaker":"Stephen Devaux","startTime":1961.944,"endTime":1967.994,"body":"going to be $3.7 million."},{"speaker":"Galen Low","startTime":1968.2939999999999,"endTime":1970.334,"body":"I like that is at"},{"speaker":"Galen Low","startTime":1968.2939999999999,"endTime":1970.334,"body":"the calibration stage, right?"},{"speaker":"Galen Low","startTime":1970.334,"endTime":1972.2839999999999,"body":"It's like when you're"},{"speaker":"Galen Low","startTime":1970.334,"endTime":1972.2839999999999,"body":"setting up your project, do"},{"speaker":"Galen Low","startTime":1972.2839999999999,"endTime":1973.724,"body":"you have this information?"},{"speaker":"Galen Low","startTime":1973.724,"endTime":1976.0339999999999,"body":"It circles back to what"},{"speaker":"Galen Low","startTime":1973.724,"endTime":1976.0339999999999,"body":"you said earlier, is the"},{"speaker":"Galen Low","startTime":1976.0339999999999,"endTime":1978.524,"body":"information needs to be"},{"speaker":"Galen Low","startTime":1976.0339999999999,"endTime":1978.524,"body":"given to a project manager."},{"speaker":"Galen Low","startTime":1978.7939999999999,"endTime":1981.944,"body":"A project manager needs to"},{"speaker":"Galen Low","startTime":1978.7939999999999,"endTime":1981.944,"body":"gain an understanding of"},{"speaker":"Galen Low","startTime":1981.944,"endTime":1984.5539999999999,"body":"their project, but also the"},{"speaker":"Galen Low","startTime":1981.944,"endTime":1984.5539999999999,"body":"ecosystem of their project"},{"speaker":"Galen Low","startTime":1984.5539999999999,"endTime":1987.314,"body":"so they understand how their"},{"speaker":"Galen Low","startTime":1984.5539999999999,"endTime":1987.314,"body":"project fits within it and"},{"speaker":"Galen Low","startTime":1987.314,"endTime":1990.914,"body":"how value gets delivered"},{"speaker":"Galen Low","startTime":1987.314,"endTime":1990.914,"body":"across a program, not just"},{"speaker":"Galen Low","startTime":1990.914,"endTime":1992.2939999999999,"body":"their individual project."},{"speaker":"Galen Low","startTime":1992.769,"endTime":1995.469,"body":"Then I like that idea that"},{"speaker":"Galen Low","startTime":1992.769,"endTime":1995.469,"body":"it should be in the software,"},{"speaker":"Galen Low","startTime":1995.469,"endTime":1996.369,"body":"it should be in the tools."},{"speaker":"Galen Low","startTime":1996.729,"endTime":1999.339,"body":"I mean, maybe that's a good"},{"speaker":"Galen Low","startTime":1996.729,"endTime":1999.339,"body":"segue because at the time"},{"speaker":"Galen Low","startTime":1999.339,"endTime":2003.239,"body":"of recording, PMBOK eighth"},{"speaker":"Galen Low","startTime":1999.339,"endTime":2003.239,"body":"edition is hot off the presses."},{"speaker":"Galen Low","startTime":2003.269,"endTime":2005.189,"body":"Everyone's talking about"},{"speaker":"Galen Low","startTime":2003.269,"endTime":2005.189,"body":"it and talking about"},{"speaker":"Galen Low","startTime":2005.279,"endTime":2006.989,"body":"mostly the notion that."},{"speaker":"Galen Low","startTime":2007.424,"endTime":2011.5339999999999,"body":"The idea, the definition of a"},{"speaker":"Galen Low","startTime":2007.424,"endTime":2011.5339999999999,"body":"project is actually changed."},{"speaker":"Galen Low","startTime":2011.8039999999999,"endTime":2013.245,"body":"So there's a little"},{"speaker":"Galen Low","startTime":2011.8039999999999,"endTime":2013.245,"body":"bit of a mini outcry"},{"speaker":"Galen Low","startTime":2013.245,"endTime":2014.174,"body":"about that right now."},{"speaker":"Galen Low","startTime":2014.5049999999999,"endTime":2017.6399999999999,"body":"But I also think that you had"},{"speaker":"Galen Low","startTime":2014.5049999999999,"endTime":2017.6399999999999,"body":"mentioned the word investment"},{"speaker":"Galen Low","startTime":2017.6399999999999,"endTime":2018.809,"body":"is all over this version."},{"speaker":"Galen Low","startTime":2018.809,"endTime":2020.759,"body":"It's a sharp increase"},{"speaker":"Galen Low","startTime":2018.809,"endTime":2020.759,"body":"from previous versions."},{"speaker":"Galen Low","startTime":2020.999,"endTime":2022.559,"body":"It's just mentioned a lot more."},{"speaker":"Galen Low","startTime":2022.559,"endTime":2024.9289999999999,"body":"This notion of a project"},{"speaker":"Galen Low","startTime":2022.559,"endTime":2024.9289999999999,"body":"that is an investment."},{"speaker":"Galen Low","startTime":2025.299,"endTime":2027.549,"body":"Then I'm also thinking about"},{"speaker":"Galen Low","startTime":2025.299,"endTime":2027.549,"body":"things like, okay, well"},{"speaker":"Galen Low","startTime":2027.789,"endTime":2029.6789999999999,"body":"we're in this era of AI."},{"speaker":"Galen Low","startTime":2029.979,"endTime":2032.439,"body":"People are producing more"},{"speaker":"Galen Low","startTime":2029.979,"endTime":2032.439,"body":"and more tooling to help"},{"speaker":"Galen Low","startTime":2032.739,"endTime":2035.469,"body":"teams deliver project-based"},{"speaker":"Galen Low","startTime":2032.739,"endTime":2035.469,"body":"work, whether they're"},{"speaker":"Galen Low","startTime":2035.469,"endTime":2036.549,"body":"project managers or not."},{"speaker":"Galen Low","startTime":2036.8799999999999,"endTime":2040.1499999999999,"body":"I like that notion that maybe"},{"speaker":"Galen Low","startTime":2036.8799999999999,"endTime":2040.1499999999999,"body":"the PMO rests under the CFO,"},{"speaker":"Galen Low","startTime":2040.809,"endTime":2043.089,"body":"and I'm thinking about that book"},{"speaker":"Galen Low","startTime":2040.809,"endTime":2043.089,"body":"you just showed me, the Bill"},{"speaker":"Galen Low","startTime":2043.089,"endTime":2044.6499999999999,"body":"James, which is mostly numbers."},{"speaker":"Galen Low","startTime":2044.959,"endTime":2047.059,"body":"And I'm just wondering like"},{"speaker":"Galen Low","startTime":2044.959,"endTime":2047.059,"body":"what in your mind are the"},{"speaker":"Galen Low","startTime":2047.059,"endTime":2049.9390000000003,"body":"implications of treating"},{"speaker":"Galen Low","startTime":2047.059,"endTime":2049.9390000000003,"body":"a project like investment"},{"speaker":"Galen Low","startTime":2050.179,"endTime":2052.309,"body":"on the human side versus"},{"speaker":"Galen Low","startTime":2050.179,"endTime":2052.309,"body":"what does this look like"},{"speaker":"Galen Low","startTime":2052.309,"endTime":2053.539,"body":"through the lens of AI?"},{"speaker":"Galen Low","startTime":2053.569,"endTime":2056.539,"body":"Like will we have tools that"},{"speaker":"Galen Low","startTime":2053.569,"endTime":2056.539,"body":"are calculating some of these"},{"speaker":"Galen Low","startTime":2056.539,"endTime":2059.089,"body":"things for us if we give"},{"speaker":"Galen Low","startTime":2056.539,"endTime":2059.089,"body":"'em the right information?"},{"speaker":"Galen Low","startTime":2059.2690000000002,"endTime":2062.2690000000002,"body":"Or is the onus really on"},{"speaker":"Galen Low","startTime":2059.2690000000002,"endTime":2062.2690000000002,"body":"the human to understand"},{"speaker":"Galen Low","startTime":2062.2690000000002,"endTime":2064.4590000000003,"body":"these things, to drive"},{"speaker":"Galen Low","startTime":2062.2690000000002,"endTime":2064.4590000000003,"body":"those conversations"},{"speaker":"Galen Low","startTime":2064.4590000000003,"endTime":2065.779,"body":"that maybe a tool can't?"},{"speaker":"Stephen Devaux","startTime":2066.195,"endTime":2067.664,"body":"Both are necessary."},{"speaker":"Stephen Devaux","startTime":2067.905,"endTime":2071.474,"body":"I think that tools"},{"speaker":"Stephen Devaux","startTime":2067.905,"endTime":2071.474,"body":"can add a huge amount."},{"speaker":"Stephen Devaux","startTime":2071.534,"endTime":2073.304,"body":"AI can add a huge amount."},{"speaker":"Stephen Devaux","startTime":2073.5440000000003,"endTime":2079.5440000000003,"body":"What I would see, for example,"},{"speaker":"Stephen Devaux","startTime":2073.5440000000003,"endTime":2079.5440000000003,"body":"for AI to do is the person"},{"speaker":"Stephen Devaux","startTime":2079.5440000000003,"endTime":2085.664,"body":"says to it, to the AI system,"},{"speaker":"Stephen Devaux","startTime":2079.5440000000003,"endTime":2085.664,"body":"how if I had an additional"},{"speaker":"Stephen Devaux","startTime":2085.664,"endTime":2091.485,"body":"$300,000 to spend this year on"},{"speaker":"Stephen Devaux","startTime":2085.664,"endTime":2091.485,"body":"this project or this program."},{"speaker":"Stephen Devaux","startTime":2091.8450000000003,"endTime":2093.494,"body":"What should I spend it on?"},{"speaker":"Stephen Devaux","startTime":2093.8250000000003,"endTime":2096.6440000000002,"body":"Which activities, which"},{"speaker":"Stephen Devaux","startTime":2093.8250000000003,"endTime":2096.6440000000002,"body":"resources, whatever"},{"speaker":"Stephen Devaux","startTime":2096.8540000000003,"endTime":2098.3540000000003,"body":"should I spend it on?"},{"speaker":"Stephen Devaux","startTime":2098.775,"endTime":2103.244,"body":"And the AI system comes back and"},{"speaker":"Stephen Devaux","startTime":2098.775,"endTime":2103.244,"body":"tells you, and it tells you if"},{"speaker":"Stephen Devaux","startTime":2103.244,"endTime":2106.8740000000003,"body":"you spend $300,000 in this way."},{"speaker":"Stephen Devaux","startTime":2107.2650000000003,"endTime":2110.715,"body":"It will result in an"},{"speaker":"Stephen Devaux","startTime":2107.2650000000003,"endTime":2110.715,"body":"additional 1.7 million."},{"speaker":"Stephen Devaux","startTime":2110.954,"endTime":2114.3740000000003,"body":"You spend it in this way, it'll"},{"speaker":"Stephen Devaux","startTime":2110.954,"endTime":2114.3740000000003,"body":"give you an additional rule,"},{"speaker":"Stephen Devaux","startTime":2114.3740000000003,"endTime":2119.414,"body":"1.55 million, and I'd like to"},{"speaker":"Stephen Devaux","startTime":2114.3740000000003,"endTime":2119.414,"body":"see the top 10 lists because"},{"speaker":"Stephen Devaux","startTime":2119.625,"endTime":2123.675,"body":"it may be that the top three"},{"speaker":"Stephen Devaux","startTime":2119.625,"endTime":2123.675,"body":"or four, for whatever reason,"},{"speaker":"Stephen Devaux","startTime":2123.9750000000004,"endTime":2126.2850000000003,"body":"I can't do or I don't wanna do."},{"speaker":"Stephen Devaux","startTime":2126.525,"endTime":2129.5550000000003,"body":"Maybe one of these resources"},{"speaker":"Stephen Devaux","startTime":2126.525,"endTime":2129.5550000000003,"body":"is just unavailable,"},{"speaker":"Stephen Devaux","startTime":2129.8250000000003,"endTime":2131.204,"body":"but give me a list."},{"speaker":"Stephen Devaux","startTime":2131.539,"endTime":2136.909,"body":"And then ultimately I can decide"},{"speaker":"Stephen Devaux","startTime":2131.539,"endTime":2136.909,"body":"which way to spend best in"},{"speaker":"Stephen Devaux","startTime":2136.909,"endTime":2138.9190000000003,"body":"order to increase the value."},{"speaker":"Stephen Devaux","startTime":2139.099,"endTime":2142.8790000000004,"body":"But in order to do that,"},{"speaker":"Stephen Devaux","startTime":2139.099,"endTime":2142.8790000000004,"body":"whoever's asking the questions"},{"speaker":"Stephen Devaux","startTime":2143.119,"endTime":2149.4790000000003,"body":"has to understand what the"},{"speaker":"Stephen Devaux","startTime":2143.119,"endTime":2149.4790000000003,"body":"essence of a project is just"},{"speaker":"Stephen Devaux","startTime":2149.4790000000003,"endTime":2153.5890000000004,"body":"like Billy being the general"},{"speaker":"Stephen Devaux","startTime":2149.4790000000003,"endTime":2153.5890000000004,"body":"manager of the Oland Athletics,"},{"speaker":"Stephen Devaux","startTime":2153.5890000000004,"endTime":2159.675,"body":"had to know what the value"},{"speaker":"Stephen Devaux","startTime":2153.5890000000004,"endTime":2159.675,"body":"was of a given player in terms"},{"speaker":"Stephen Devaux","startTime":2159.8250000000003,"endTime":2161.445,"body":"that Bill James had laid out."},{"speaker":"Stephen Devaux","startTime":2161.925,"endTime":2163.815,"body":"By the way, there's one"},{"speaker":"Stephen Devaux","startTime":2161.925,"endTime":2163.815,"body":"more thing I wanna mention."},{"speaker":"Stephen Devaux","startTime":2164.235,"endTime":2169.125,"body":"If you think about it, there's"},{"speaker":"Stephen Devaux","startTime":2164.235,"endTime":2169.125,"body":"one part of project management"},{"speaker":"Stephen Devaux","startTime":2169.605,"endTime":2174.795,"body":"that really focuses very"},{"speaker":"Stephen Devaux","startTime":2169.605,"endTime":2174.795,"body":"much on scope and on value."},{"speaker":"Stephen Devaux","startTime":2175.545,"endTime":2178.215,"body":"I would argue that they need"},{"speaker":"Stephen Devaux","startTime":2175.545,"endTime":2178.215,"body":"to pay more attention to"},{"speaker":"Stephen Devaux","startTime":2178.215,"endTime":2182.925,"body":"schedule because duration"},{"speaker":"Stephen Devaux","startTime":2178.215,"endTime":2182.925,"body":"and schedule determines"},{"speaker":"Stephen Devaux","startTime":2182.925,"endTime":2184.485,"body":"also part of the value."},{"speaker":"Stephen Devaux","startTime":2184.905,"endTime":2188.445,"body":"But of course, I'm talking"},{"speaker":"Stephen Devaux","startTime":2184.905,"endTime":2188.445,"body":"about agile approaches."},{"speaker":"Stephen Devaux","startTime":2189.074,"endTime":2192.2540000000004,"body":"I was amazed when I first"},{"speaker":"Stephen Devaux","startTime":2189.074,"endTime":2192.2540000000004,"body":"came up with value breakdown"},{"speaker":"Stephen Devaux","startTime":2192.2540000000004,"endTime":2197.0240000000003,"body":"structure that agile folks"},{"speaker":"Stephen Devaux","startTime":2192.2540000000004,"endTime":2197.0240000000003,"body":"really understood the value of"},{"speaker":"Stephen Devaux","startTime":2197.0240000000003,"endTime":2203.145,"body":"it very quickly, and ultimately"},{"speaker":"Stephen Devaux","startTime":2197.0240000000003,"endTime":2203.145,"body":"this process of enablers."},{"speaker":"Stephen Devaux","startTime":2203.355,"endTime":2209.489,"body":"For example, if the next"},{"speaker":"Stephen Devaux","startTime":2203.355,"endTime":2209.489,"body":"release needs to be an enabler."},{"speaker":"Stephen Devaux","startTime":2210.329,"endTime":2214.619,"body":"But that by doing it through"},{"speaker":"Stephen Devaux","startTime":2210.329,"endTime":2214.619,"body":"an enabler, you wind up getting"},{"speaker":"Stephen Devaux","startTime":2214.619,"endTime":2216.5690000000004,"body":"more value down the road."},{"speaker":"Stephen Devaux","startTime":2216.869,"endTime":2218.664,"body":"Then that should be"},{"speaker":"Stephen Devaux","startTime":2216.869,"endTime":2218.664,"body":"taken into account."},{"speaker":"Stephen Devaux","startTime":2219.405,"endTime":2222.284,"body":"So all of these concepts"},{"speaker":"Stephen Devaux","startTime":2219.405,"endTime":2222.284,"body":"regarding the value of the"},{"speaker":"Stephen Devaux","startTime":2222.284,"endTime":2227.775,"body":"scope also have, I believe,"},{"speaker":"Stephen Devaux","startTime":2222.284,"endTime":2227.775,"body":"a great deal of value"},{"speaker":"Stephen Devaux","startTime":2227.895,"endTime":2232.905,"body":"potential for Agile, and"},{"speaker":"Stephen Devaux","startTime":2227.895,"endTime":2232.905,"body":"maybe we can get over these"},{"speaker":"Stephen Devaux","startTime":2232.905,"endTime":2236.744,"body":"battles that have been going"},{"speaker":"Stephen Devaux","startTime":2232.905,"endTime":2236.744,"body":"on between Agile approaches"},{"speaker":"Stephen Devaux","startTime":2236.925,"endTime":2238.635,"body":"and predictive approaches."},{"speaker":"Galen Low","startTime":2238.934,"endTime":2240.735,"body":"You know, I'm glad"},{"speaker":"Galen Low","startTime":2238.934,"endTime":2240.735,"body":"you mentioned Agile because"},{"speaker":"Galen Low","startTime":2240.885,"endTime":2244.784,"body":"philosophically the approach"},{"speaker":"Galen Low","startTime":2240.885,"endTime":2244.784,"body":"is more aligned and has a"},{"speaker":"Galen Low","startTime":2244.784,"endTime":2247.815,"body":"better understanding of value"},{"speaker":"Galen Low","startTime":2244.784,"endTime":2247.815,"body":"because it's like in the"},{"speaker":"Galen Low","startTime":2247.82,"endTime":2251.364,"body":"principles to deliver value"},{"speaker":"Galen Low","startTime":2247.82,"endTime":2251.364,"body":"to the user or the customer."},{"speaker":"Galen Low","startTime":2251.634,"endTime":2255.355,"body":"And so even making the"},{"speaker":"Galen Low","startTime":2251.634,"endTime":2255.355,"body":"decision to adopt an agile"},{"speaker":"Galen Low","startTime":2255.355,"endTime":2258.775,"body":"framework still presupposes"},{"speaker":"Galen Low","startTime":2255.355,"endTime":2258.775,"body":"this notion of, because we"},{"speaker":"Galen Low","startTime":2258.775,"endTime":2261.924,"body":"want to deliver value, because"},{"speaker":"Galen Low","startTime":2258.775,"endTime":2261.924,"body":"we have to understand value,"},{"speaker":"Galen Low","startTime":2262.134,"endTime":2265.045,"body":"we have to prioritize value"},{"speaker":"Galen Low","startTime":2262.134,"endTime":2265.045,"body":"dynamically, not just at"},{"speaker":"Galen Low","startTime":2265.045,"endTime":2267.594,"body":"the beginning, not just at"},{"speaker":"Galen Low","startTime":2265.045,"endTime":2267.594,"body":"the end, but all throughout."},{"speaker":"Galen Low","startTime":2267.744,"endTime":2269.7540000000004,"body":"And I do like that"},{"speaker":"Galen Low","startTime":2267.744,"endTime":2269.7540000000004,"body":"notion that yes, there"},{"speaker":"Galen Low","startTime":2269.7540000000004,"endTime":2272.395,"body":"are the value enablers."},{"speaker":"Galen Low","startTime":2272.75,"endTime":2276.289,"body":"In every user story, you"},{"speaker":"Galen Low","startTime":2272.75,"endTime":2276.289,"body":"know, in every sprint where"},{"speaker":"Galen Low","startTime":2276.289,"endTime":2278.6290000000004,"body":"it might not seem that"},{"speaker":"Galen Low","startTime":2276.289,"endTime":2278.6290000000004,"body":"impressive when you go until"},{"speaker":"Galen Low","startTime":2278.6290000000004,"endTime":2280.6090000000004,"body":"you do your, you know, your"},{"speaker":"Galen Low","startTime":2278.6290000000004,"endTime":2280.6090000000004,"body":"sprint review or you're"},{"speaker":"Galen Low","startTime":2280.6090000000004,"endTime":2283.1290000000004,"body":"presenting to clients or your"},{"speaker":"Galen Low","startTime":2280.6090000000004,"endTime":2283.1290000000004,"body":"stakeholders and they're like,"},{"speaker":"Galen Low","startTime":2283.159,"endTime":2284.029,"body":"okay, well what did you do?"},{"speaker":"Galen Low","startTime":2284.029,"endTime":2286.009,"body":"And you're like, well, you"},{"speaker":"Galen Low","startTime":2284.029,"endTime":2286.009,"body":"know, all the plumbing, all"},{"speaker":"Galen Low","startTime":2286.009,"endTime":2288.139,"body":"the enterprise architecture"},{"speaker":"Galen Low","startTime":2286.009,"endTime":2288.139,"body":"bit, you know, all of"},{"speaker":"Galen Low","startTime":2288.139,"endTime":2290.2090000000003,"body":"the API sort of setup."},{"speaker":"Galen Low","startTime":2290.4190000000003,"endTime":2291.469,"body":"And they're like,"},{"speaker":"Galen Low","startTime":2290.4190000000003,"endTime":2291.469,"body":"great, can you show me?"},{"speaker":"Galen Low","startTime":2291.469,"endTime":2293.6290000000004,"body":"And you're like, no,"},{"speaker":"Galen Low","startTime":2291.469,"endTime":2293.6290000000004,"body":"but we need this."},{"speaker":"Galen Low","startTime":2293.6290000000004,"endTime":2295.699,"body":"Like, we can't take the"},{"speaker":"Galen Low","startTime":2293.6290000000004,"endTime":2295.699,"body":"next step without it."},{"speaker":"Galen Low","startTime":2295.9990000000003,"endTime":2297.259,"body":"And that's where the value is."},{"speaker":"Galen Low","startTime":2297.259,"endTime":2299.239,"body":"And I think this, it's"},{"speaker":"Galen Low","startTime":2297.259,"endTime":2299.239,"body":"often such a difficult"},{"speaker":"Galen Low","startTime":2299.239,"endTime":2300.0190000000002,"body":"thing to explain."},{"speaker":"Galen Low","startTime":2300.494,"endTime":2303.164,"body":"Until you get someone like"},{"speaker":"Galen Low","startTime":2300.494,"endTime":2303.164,"body":"yourself, you're very good"},{"speaker":"Galen Low","startTime":2303.164,"endTime":2305.295,"body":"explaining these concepts in"},{"speaker":"Galen Low","startTime":2303.164,"endTime":2305.295,"body":"a way that you're like, duh."},{"speaker":"Galen Low","startTime":2305.565,"endTime":2307.634,"body":"But I think project managers"},{"speaker":"Galen Low","startTime":2305.565,"endTime":2307.634,"body":"need to get good at that."},{"speaker":"Stephen Devaux","startTime":2307.994,"endTime":2308.534,"body":"Absolutely."},{"speaker":"Stephen Devaux","startTime":2308.534,"endTime":2312.344,"body":"And of course, let's remember"},{"speaker":"Stephen Devaux","startTime":2308.534,"endTime":2312.344,"body":"that the enabler coming up"},{"speaker":"Stephen Devaux","startTime":2312.554,"endTime":2317.985,"body":"with may allow us to have"},{"speaker":"Stephen Devaux","startTime":2312.554,"endTime":2317.985,"body":"three separate, possibly three"},{"speaker":"Stephen Devaux","startTime":2317.985,"endTime":2321.4640000000004,"body":"separate teams at that point,"},{"speaker":"Stephen Devaux","startTime":2317.985,"endTime":2321.4640000000004,"body":"breaking off and producing"},{"speaker":"Stephen Devaux","startTime":2321.4640000000004,"endTime":2326.114,"body":"three separate modules and"},{"speaker":"Stephen Devaux","startTime":2321.4640000000004,"endTime":2326.114,"body":"deliverables, each of which will"},{"speaker":"Stephen Devaux","startTime":2326.114,"endTime":2328.099,"body":"now be huge value generators."},{"speaker":"Stephen Devaux","startTime":2328.7690000000002,"endTime":2330.869,"body":"That enabler allows this."},{"speaker":"Galen Low","startTime":2331.349,"endTime":2331.889,"body":"I love that."},{"speaker":"Galen Low","startTime":2332.159,"endTime":2334.4990000000003,"body":"You mentioned there were"},{"speaker":"Galen Low","startTime":2332.159,"endTime":2334.4990000000003,"body":"three types of projects, value"},{"speaker":"Galen Low","startTime":2334.4990000000003,"endTime":2336.329,"body":"generators, value enablers."},{"speaker":"Galen Low","startTime":2336.329,"endTime":2337.0190000000002,"body":"What's the third?"},{"speaker":"Stephen Devaux","startTime":2337.349,"endTime":2340.9790000000003,"body":"Value"},{"speaker":"Stephen Devaux","startTime":2337.349,"endTime":2340.9790000000003,"body":"multipliers, which the"},{"speaker":"Stephen Devaux","startTime":2340.9790000000003,"endTime":2342.8990000000003,"body":"other project can occur."},{"speaker":"Stephen Devaux","startTime":2343.139,"endTime":2347.909,"body":"Ultimately the generator can"},{"speaker":"Stephen Devaux","startTime":2343.139,"endTime":2347.909,"body":"occur, but the value multiplier"},{"speaker":"Stephen Devaux","startTime":2348.3590000000004,"endTime":2350.849,"body":"say an advertising campaign."},{"speaker":"Stephen Devaux","startTime":2351.119,"endTime":2351.299,"body":"Right."},{"speaker":"Stephen Devaux","startTime":2351.989,"endTime":2353.489,"body":"Can add value."},{"speaker":"Stephen Devaux","startTime":2353.789,"endTime":2357.779,"body":"We might sell 200,000 widgets"},{"speaker":"Stephen Devaux","startTime":2353.789,"endTime":2357.779,"body":"without the advertising"},{"speaker":"Stephen Devaux","startTime":2357.779,"endTime":2361.71,"body":"campaign, but the ultimately,"},{"speaker":"Stephen Devaux","startTime":2357.779,"endTime":2361.71,"body":"if we launch an advertising"},{"speaker":"Stephen Devaux","startTime":2361.71,"endTime":2364.469,"body":"campaign at the same time"},{"speaker":"Stephen Devaux","startTime":2361.71,"endTime":2364.469,"body":"that the widgets are all"},{"speaker":"Stephen Devaux","startTime":2364.739,"endTime":2369.119,"body":"reduced, we can increase"},{"speaker":"Stephen Devaux","startTime":2364.739,"endTime":2369.119,"body":"that from 200,000 to 800,000."},{"speaker":"Stephen Devaux","startTime":2369.539,"endTime":2373.739,"body":"And of course, projects can"},{"speaker":"Stephen Devaux","startTime":2369.539,"endTime":2373.739,"body":"be value generators, value"},{"speaker":"Stephen Devaux","startTime":2373.739,"endTime":2376.71,"body":"enablers, and value multipliers."},{"speaker":"Stephen Devaux","startTime":2377.19,"endTime":2380.369,"body":"They're gonna fit into"},{"speaker":"Stephen Devaux","startTime":2377.19,"endTime":2380.369,"body":"more than one one box."},{"speaker":"Galen Low","startTime":2380.789,"endTime":2381.869,"body":"That's"},{"speaker":"Galen Low","startTime":2380.789,"endTime":2381.869,"body":"such a great mindset."},{"speaker":"Galen Low","startTime":2382.139,"endTime":2382.949,"body":"I really love that."},{"speaker":"Galen Low","startTime":2383.3390000000004,"endTime":2385.829,"body":"I wonder if we could"},{"speaker":"Galen Low","startTime":2383.3390000000004,"endTime":2385.829,"body":"round out by looking"},{"speaker":"Galen Low","startTime":2385.829,"endTime":2386.699,"body":"a bit into the future."},{"speaker":"Galen Low","startTime":2387.375,"endTime":2390.554,"body":"Maybe not too deep into the"},{"speaker":"Galen Low","startTime":2387.375,"endTime":2390.554,"body":"future, but I know we didn't"},{"speaker":"Galen Low","startTime":2390.554,"endTime":2391.514,"body":"talk too much about it."},{"speaker":"Galen Low","startTime":2391.514,"endTime":2395.085,"body":"But when I think about the"},{"speaker":"Galen Low","startTime":2391.514,"endTime":2395.085,"body":"project management institutes,"},{"speaker":"Galen Low","startTime":2395.145,"endTime":2397.184,"body":"project management, body of"},{"speaker":"Galen Low","startTime":2395.145,"endTime":2397.184,"body":"knowledge, the pmbok, when I"},{"speaker":"Galen Low","startTime":2397.184,"endTime":2400.215,"body":"think about the additions that"},{"speaker":"Galen Low","startTime":2397.184,"endTime":2400.215,"body":"come out, and yes, there's a"},{"speaker":"Galen Low","startTime":2400.215,"endTime":2403.335,"body":"lot of hoopla about it, but I"},{"speaker":"Galen Low","startTime":2400.215,"endTime":2403.335,"body":"do think it's important because"},{"speaker":"Galen Low","startTime":2403.335,"endTime":2406.065,"body":"it sort of creates these epi"},{"speaker":"Galen Low","startTime":2403.335,"endTime":2406.065,"body":"stems, these eras or these"},{"speaker":"Galen Low","startTime":2406.065,"endTime":2408.645,"body":"seasons of project management"},{"speaker":"Galen Low","startTime":2406.065,"endTime":2408.645,"body":"and the way we look at it."},{"speaker":"Galen Low","startTime":2409.034,"endTime":2411.434,"body":"And I know I joked about"},{"speaker":"Galen Low","startTime":2409.034,"endTime":2411.434,"body":"it before, and you know,"},{"speaker":"Galen Low","startTime":2411.434,"endTime":2412.994,"body":"you and I, we joked about"},{"speaker":"Galen Low","startTime":2411.434,"endTime":2412.994,"body":"it in the Green room."},{"speaker":"Galen Low","startTime":2413.295,"endTime":2416.414,"body":"The definition even of a"},{"speaker":"Galen Low","startTime":2413.295,"endTime":2416.414,"body":"project has changed and people"},{"speaker":"Galen Low","startTime":2416.414,"endTime":2419.684,"body":"are taking issue with the"},{"speaker":"Galen Low","startTime":2416.414,"endTime":2419.684,"body":"phrasing of a unique context"},{"speaker":"Galen Low","startTime":2419.684,"endTime":2421.215,"body":"because I think it feels vague."},{"speaker":"Galen Low","startTime":2421.244,"endTime":2424.844,"body":"I won't get into that now,"},{"speaker":"Galen Low","startTime":2421.244,"endTime":2424.844,"body":"but I do think that the fact"},{"speaker":"Galen Low","startTime":2424.844,"endTime":2427.844,"body":"that some of your work and"},{"speaker":"Galen Low","startTime":2424.844,"endTime":2427.844,"body":"some of your techniques, and"},{"speaker":"Galen Low","startTime":2427.904,"endTime":2430.994,"body":"even just the fact that the"},{"speaker":"Galen Low","startTime":2427.904,"endTime":2430.994,"body":"word investment shows up more"},{"speaker":"Galen Low","startTime":2430.994,"endTime":2434.085,"body":"in this edition, despite it"},{"speaker":"Galen Low","startTime":2430.994,"endTime":2434.085,"body":"actually being a shorter body of"},{"speaker":"Galen Low","startTime":2434.085,"endTime":2437.34,"body":"knowledge, as I understand it,"},{"speaker":"Galen Low","startTime":2434.085,"endTime":2437.34,"body":"seven and eight were both pretty"},{"speaker":"Galen Low","startTime":2437.34,"endTime":2438.75,"body":"slim compared to five and six."},{"speaker":"Galen Low","startTime":2439.11,"endTime":2441.989,"body":"What does that mean for the"},{"speaker":"Galen Low","startTime":2439.11,"endTime":2441.989,"body":"future of project management?"},{"speaker":"Galen Low","startTime":2442.349,"endTime":2444.5690000000004,"body":"Obviously we're looking around,"},{"speaker":"Galen Low","startTime":2442.349,"endTime":2444.5690000000004,"body":"we're seeing a lot of like"},{"speaker":"Galen Low","startTime":2444.5690000000004,"endTime":2448.44,"body":"global investments in AI,"},{"speaker":"Galen Low","startTime":2444.5690000000004,"endTime":2448.44,"body":"technology infrastructure."},{"speaker":"Galen Low","startTime":2448.71,"endTime":2450.869,"body":"We're seeing more tools"},{"speaker":"Galen Low","startTime":2448.71,"endTime":2450.869,"body":"like hit the market."},{"speaker":"Galen Low","startTime":2451.199,"endTime":2453.809,"body":"We are seeing like"},{"speaker":"Galen Low","startTime":2451.199,"endTime":2453.809,"body":"higher stakes, like"},{"speaker":"Galen Low","startTime":2453.809,"endTime":2454.5,"body":"you mentioned, right?"},{"speaker":"Galen Low","startTime":2454.5,"endTime":2456.36,"body":"Like vaccine rollout"},{"speaker":"Galen Low","startTime":2454.5,"endTime":2456.36,"body":"for health crises."},{"speaker":"Galen Low","startTime":2456.659,"endTime":2458.009,"body":"We are now preparing for that."},{"speaker":"Galen Low","startTime":2458.34,"endTime":2460.23,"body":"Things that, you know, we"},{"speaker":"Galen Low","startTime":2458.34,"endTime":2460.23,"body":"couldn't have predicted."},{"speaker":"Galen Low","startTime":2460.469,"endTime":2462.929,"body":"And then meanwhile, there's like"},{"speaker":"Galen Low","startTime":2460.469,"endTime":2462.929,"body":"all this investment into AI."},{"speaker":"Galen Low","startTime":2462.929,"endTime":2466.17,"body":"Everyone's talking about AI"},{"speaker":"Galen Low","startTime":2462.929,"endTime":2466.17,"body":"bubble potentially popping."},{"speaker":"Galen Low","startTime":2466.559,"endTime":2467.4590000000003,"body":"What does the future look like?"},{"speaker":"Galen Low","startTime":2467.4590000000003,"endTime":2470.279,"body":"Does any of this sort of"},{"speaker":"Galen Low","startTime":2467.4590000000003,"endTime":2470.279,"body":"change the way we go about"},{"speaker":"Galen Low","startTime":2470.369,"endTime":2471.779,"body":"looking at our profession?"},{"speaker":"Galen Low","startTime":2472.079,"endTime":2475.199,"body":"Is it a gradual shift or are"},{"speaker":"Galen Low","startTime":2472.079,"endTime":2475.199,"body":"we looking at something more"},{"speaker":"Galen Low","startTime":2475.199,"endTime":2478.949,"body":"sudden where actually the role"},{"speaker":"Galen Low","startTime":2475.199,"endTime":2478.949,"body":"of the project leader changes"},{"speaker":"Galen Low","startTime":2478.949,"endTime":2481.739,"body":"dramatically and they have to be"},{"speaker":"Galen Low","startTime":2478.949,"endTime":2481.739,"body":"thinking about different things?"},{"speaker":"Stephen Devaux","startTime":2482.0690000000004,"endTime":2484.02,"body":"I think that"},{"speaker":"Stephen Devaux","startTime":2482.0690000000004,"endTime":2484.02,"body":"there're going to be roles"},{"speaker":"Stephen Devaux","startTime":2484.02,"endTime":2485.579,"body":"for many people on projects."},{"speaker":"Stephen Devaux","startTime":2485.579,"endTime":2490.619,"body":"I think that the program"},{"speaker":"Stephen Devaux","startTime":2485.579,"endTime":2490.619,"body":"manager and the significant"},{"speaker":"Stephen Devaux","startTime":2490.619,"endTime":2495.704,"body":"project managers are going"},{"speaker":"Stephen Devaux","startTime":2490.619,"endTime":2495.704,"body":"to have good roles, and"},{"speaker":"Stephen Devaux","startTime":2495.704,"endTime":2499.695,"body":"I hope better remunerated"},{"speaker":"Stephen Devaux","startTime":2495.704,"endTime":2499.695,"body":"roles because I think that"},{"speaker":"Stephen Devaux","startTime":2499.695,"endTime":2503.684,"body":"schedulers are extremely"},{"speaker":"Stephen Devaux","startTime":2499.695,"endTime":2503.684,"body":"valuable and ultimately good"},{"speaker":"Stephen Devaux","startTime":2503.684,"endTime":2508.635,"body":"schedulers need to be better"},{"speaker":"Stephen Devaux","startTime":2503.684,"endTime":2508.635,"body":"remunerated because boy, are"},{"speaker":"Stephen Devaux","startTime":2508.635,"endTime":2509.954,"body":"they adding a lot of value."},{"speaker":"Stephen Devaux","startTime":2510.255,"endTime":2511.664,"body":"Now, a couple more things."},{"speaker":"Stephen Devaux","startTime":2512.025,"endTime":2514.454,"body":"You talked about,"},{"speaker":"Stephen Devaux","startTime":2512.025,"endTime":2514.454,"body":"is it an AI bubble?"},{"speaker":"Stephen Devaux","startTime":2514.634,"endTime":2517.815,"body":"Let's remember, the"},{"speaker":"Stephen Devaux","startTime":2514.634,"endTime":2517.815,"body":"internet was a bubble,"},{"speaker":"Stephen Devaux","startTime":2517.815,"endTime":2520.065,"body":"the.com bubble, all right?"},{"speaker":"Stephen Devaux","startTime":2520.244,"endTime":2524.654,"body":"In 2000, I got this from reading"},{"speaker":"Stephen Devaux","startTime":2520.244,"endTime":2524.654,"body":"Paul Krugman earlier today."},{"speaker":"Stephen Devaux","startTime":2524.654,"endTime":2528.914,"body":"As a matter of fact, in the"},{"speaker":"Stephen Devaux","startTime":2524.654,"endTime":2528.914,"body":"year 2000, the Nasdaq reached"},{"speaker":"Stephen Devaux","startTime":2528.914,"endTime":2533.864,"body":"a certain level, the.com bubble"},{"speaker":"Stephen Devaux","startTime":2528.914,"endTime":2533.864,"body":"hit, and it did not get back"},{"speaker":"Stephen Devaux","startTime":2533.864,"endTime":2537.164,"body":"to that level until 2014."},{"speaker":"Stephen Devaux","startTime":2537.704,"endTime":2538.424,"body":"Okay."},{"speaker":"Stephen Devaux","startTime":2538.664,"endTime":2542.835,"body":"It took a lot of years to get"},{"speaker":"Stephen Devaux","startTime":2538.664,"endTime":2542.835,"body":"back to that level, but the"},{"speaker":"Stephen Devaux","startTime":2542.835,"endTime":2544.605,"body":"internet didn't go away, did it?"},{"speaker":"Stephen Devaux","startTime":2544.9640000000004,"endTime":2546.614,"body":"Or we wouldn't be"},{"speaker":"Stephen Devaux","startTime":2544.9640000000004,"endTime":2546.614,"body":"speaking right now."},{"speaker":"Stephen Devaux","startTime":2546.664,"endTime":2547.295,"body":"The inter, ultimately."},{"speaker":"Stephen Devaux","startTime":2547.67,"endTime":2547.989,"body":"Mm-hmm."},{"speaker":"Stephen Devaux","startTime":2548.195,"endTime":2548.704,"body":"Yes."},{"speaker":"Stephen Devaux","startTime":2548.704,"endTime":2551.884,"body":"There was a slowing down"},{"speaker":"Stephen Devaux","startTime":2548.704,"endTime":2551.884,"body":"and there were things that"},{"speaker":"Stephen Devaux","startTime":2551.914,"endTime":2556.474,"body":"weren't of value that perhaps"},{"speaker":"Stephen Devaux","startTime":2551.914,"endTime":2556.474,"body":"drifted by the wayside, but"},{"speaker":"Stephen Devaux","startTime":2556.474,"endTime":2559.324,"body":"the internet kept growing"},{"speaker":"Stephen Devaux","startTime":2556.474,"endTime":2559.324,"body":"and will continue growing,"},{"speaker":"Stephen Devaux","startTime":2559.655,"endTime":2563.824,"body":"and AI may have a setback in"},{"speaker":"Stephen Devaux","startTime":2559.655,"endTime":2563.824,"body":"terms of investment and maybe."},{"speaker":"Stephen Devaux","startTime":2564.199,"endTime":2567.1690000000003,"body":"You know, o overvalued"},{"speaker":"Stephen Devaux","startTime":2564.199,"endTime":2567.1690000000003,"body":"at the moment, but"},{"speaker":"Stephen Devaux","startTime":2567.1690000000003,"endTime":2568.19,"body":"we'll see what happens."},{"speaker":"Stephen Devaux","startTime":2568.19,"endTime":2569.239,"body":"But here's one thing."},{"speaker":"Stephen Devaux","startTime":2569.599,"endTime":2572.0,"body":"Project management is"},{"speaker":"Stephen Devaux","startTime":2569.599,"endTime":2572.0,"body":"not going to go away."},{"speaker":"Stephen Devaux","startTime":2572.389,"endTime":2576.77,"body":"I asked GPT about a month"},{"speaker":"Stephen Devaux","startTime":2572.389,"endTime":2576.77,"body":"ago how much money is being"},{"speaker":"Stephen Devaux","startTime":2576.77,"endTime":2581.5690000000004,"body":"spent yearly on projects,"},{"speaker":"Stephen Devaux","startTime":2576.77,"endTime":2581.5690000000004,"body":"and it gave me the number"},{"speaker":"Stephen Devaux","startTime":2581.5690000000004,"endTime":2585.3790000000004,"body":"of 20 to $30 trillion."},{"speaker":"Stephen Devaux","startTime":2585.8,"endTime":2591.079,"body":"Now think about what a"},{"speaker":"Stephen Devaux","startTime":2585.8,"endTime":2591.079,"body":"1% or 2% even improvement"},{"speaker":"Stephen Devaux","startTime":2591.079,"endTime":2591.98,"body":"on that would be."},{"speaker":"Stephen Devaux","startTime":2592.034,"endTime":2595.875,"body":"I would maintain, it's going"},{"speaker":"Stephen Devaux","startTime":2592.034,"endTime":2595.875,"body":"to be more, we can get there,"},{"speaker":"Stephen Devaux","startTime":2596.174,"endTime":2598.994,"body":"but what I have to say is"},{"speaker":"Stephen Devaux","startTime":2596.174,"endTime":2598.994,"body":"this, and I think this is"},{"speaker":"Stephen Devaux","startTime":2598.994,"endTime":2604.844,"body":"important, Rome was not built"},{"speaker":"Stephen Devaux","startTime":2598.994,"endTime":2604.844,"body":"and wouldn't have been built"},{"speaker":"Stephen Devaux","startTime":2605.204,"endTime":2609.164,"body":"in that day, even if they'd had"},{"speaker":"Stephen Devaux","startTime":2605.204,"endTime":2609.164,"body":"critical pass drag and the AI."},{"speaker":"Stephen Devaux","startTime":2609.704,"endTime":2609.914,"body":"Right?"},{"speaker":"Stephen Devaux","startTime":2612.164,"endTime":2614.9840000000004,"body":"It takes a while, as"},{"speaker":"Stephen Devaux","startTime":2612.164,"endTime":2614.9840000000004,"body":"Bill james would point"},{"speaker":"Stephen Devaux","startTime":2614.9840000000004,"endTime":2616.4840000000004,"body":"out, it takes a while."},{"speaker":"Galen Low","startTime":2616.844,"endTime":2618.7340000000004,"body":"I mean, that's part"},{"speaker":"Galen Low","startTime":2616.844,"endTime":2618.7340000000004,"body":"of the investment and I like"},{"speaker":"Galen Low","startTime":2619.0040000000004,"endTime":2620.295,"body":"looking at it from both sides."},{"speaker":"Galen Low","startTime":2620.295,"endTime":2622.395,"body":"You know, on the one hand"},{"speaker":"Galen Low","startTime":2620.295,"endTime":2622.395,"body":"a lot of money is being"},{"speaker":"Galen Low","startTime":2622.395,"endTime":2625.454,"body":"invested in projects and"},{"speaker":"Galen Low","startTime":2622.395,"endTime":2625.454,"body":"there's an opportunity there"},{"speaker":"Galen Low","startTime":2625.664,"endTime":2628.815,"body":"to have those value multiplier"},{"speaker":"Galen Low","startTime":2625.664,"endTime":2628.815,"body":"projects, to have those value"},{"speaker":"Galen Low","startTime":2628.815,"endTime":2631.454,"body":"enabler projects to, you know,"},{"speaker":"Galen Low","startTime":2628.815,"endTime":2631.454,"body":"deliver more value there."},{"speaker":"Galen Low","startTime":2631.784,"endTime":2635.204,"body":"And also if there is some kind"},{"speaker":"Galen Low","startTime":2631.784,"endTime":2635.204,"body":"of pop, if there is some sort"},{"speaker":"Galen Low","startTime":2635.204,"endTime":2637.0040000000004,"body":"of economic drop in investment."},{"speaker":"Galen Low","startTime":2637.349,"endTime":2639.179,"body":"These skills, the things we're"},{"speaker":"Galen Low","startTime":2637.349,"endTime":2639.179,"body":"talking about become even"},{"speaker":"Galen Low","startTime":2639.179,"endTime":2641.3390000000004,"body":"more important because you"},{"speaker":"Galen Low","startTime":2639.179,"endTime":2641.3390000000004,"body":"need to be able to talk about"},{"speaker":"Galen Low","startTime":2641.3390000000004,"endTime":2644.699,"body":"your project in terms of why"},{"speaker":"Galen Low","startTime":2641.3390000000004,"endTime":2644.699,"body":"it's valuable and there's less"},{"speaker":"Galen Low","startTime":2644.699,"endTime":2647.009,"body":"money available, you know,"},{"speaker":"Galen Low","startTime":2644.699,"endTime":2647.009,"body":"and it's not like, can we"},{"speaker":"Galen Low","startTime":2647.009,"endTime":2648.299,"body":"throw another bulldozer at it?"},{"speaker":"Galen Low","startTime":2648.299,"endTime":2650.279,"body":"It's like we've only"},{"speaker":"Galen Low","startTime":2648.299,"endTime":2650.279,"body":"got one bulldozer now"},{"speaker":"Galen Low","startTime":2650.279,"endTime":2651.179,"body":"and eight projects."},{"speaker":"Galen Low","startTime":2651.329,"endTime":2652.409,"body":"Who gets the bulldozer?"},{"speaker":"Galen Low","startTime":2652.409,"endTime":2654.5690000000004,"body":"And you're like me, because I'm"},{"speaker":"Galen Low","startTime":2652.409,"endTime":2654.5690000000004,"body":"a value enabler and building"},{"speaker":"Galen Low","startTime":2654.5690000000004,"endTime":2656.369,"body":"the bridge to the resort."},{"speaker":"Galen Low","startTime":2656.639,"endTime":2658.349,"body":"Everyone else is just"},{"speaker":"Galen Low","startTime":2656.639,"endTime":2658.349,"body":"building the stuff on it."},{"speaker":"Galen Low","startTime":2658.4990000000003,"endTime":2661.079,"body":"Just to be able to have"},{"speaker":"Galen Low","startTime":2658.4990000000003,"endTime":2661.079,"body":"that mindset, to understand"},{"speaker":"Galen Low","startTime":2661.079,"endTime":2662.549,"body":"the context of your"},{"speaker":"Galen Low","startTime":2661.079,"endTime":2662.549,"body":"project and to be able"},{"speaker":"Galen Low","startTime":2662.549,"endTime":2663.7490000000003,"body":"to advocate for yourself."},{"speaker":"Galen Low","startTime":2664.049,"endTime":2666.42,"body":"About how your project"},{"speaker":"Galen Low","startTime":2664.049,"endTime":2666.42,"body":"delivers value within"},{"speaker":"Galen Low","startTime":2666.509,"endTime":2667.799,"body":"the bigger ecosystem."},{"speaker":"Galen Low","startTime":2667.98,"endTime":2670.409,"body":"I think that's like a"},{"speaker":"Galen Low","startTime":2667.98,"endTime":2670.409,"body":"hugely important skill."},{"speaker":"Galen Low","startTime":2670.65,"endTime":2672.27,"body":"And what I also love about"},{"speaker":"Galen Low","startTime":2670.65,"endTime":2672.27,"body":"it's what you said is"},{"speaker":"Galen Low","startTime":2672.27,"endTime":2673.65,"body":"like the technology piece."},{"speaker":"Galen Low","startTime":2673.65,"endTime":2673.829,"body":"Yeah."},{"speaker":"Galen Low","startTime":2673.829,"endTime":2674.579,"body":"It's still both."},{"speaker":"Galen Low","startTime":2674.67,"endTime":2676.11,"body":"Humans still need"},{"speaker":"Galen Low","startTime":2674.67,"endTime":2676.11,"body":"to understand it."},{"speaker":"Galen Low","startTime":2676.11,"endTime":2678.869,"body":"You as a human project manager"},{"speaker":"Galen Low","startTime":2676.11,"endTime":2678.869,"body":"still need to understand your"},{"speaker":"Galen Low","startTime":2678.869,"endTime":2682.259,"body":"project, its context, you know,"},{"speaker":"Galen Low","startTime":2678.869,"endTime":2682.259,"body":"the business implications of"},{"speaker":"Galen Low","startTime":2682.259,"endTime":2685.65,"body":"your project and the levers"},{"speaker":"Galen Low","startTime":2682.259,"endTime":2685.65,"body":"you can pull to be able to"},{"speaker":"Galen Low","startTime":2685.86,"endTime":2688.739,"body":"make decisions that increase"},{"speaker":"Galen Low","startTime":2685.86,"endTime":2688.739,"body":"the return on investment."},{"speaker":"Galen Low","startTime":2689.3940000000002,"endTime":2692.454,"body":"Also we can use our tools"},{"speaker":"Galen Low","startTime":2689.3940000000002,"endTime":2692.454,"body":"to simulate and give"},{"speaker":"Galen Low","startTime":2692.454,"endTime":2693.8340000000003,"body":"ourselves that top 10."},{"speaker":"Galen Low","startTime":2694.134,"endTime":2695.724,"body":"If we were to pull this"},{"speaker":"Galen Low","startTime":2694.134,"endTime":2695.724,"body":"lever, if we were to"},{"speaker":"Galen Low","startTime":2695.724,"endTime":2699.384,"body":"invest an extra $30,000,"},{"speaker":"Galen Low","startTime":2695.724,"endTime":2699.384,"body":"what could that look like?"},{"speaker":"Galen Low","startTime":2699.684,"endTime":2701.5440000000003,"body":"And instead of, you know,"},{"speaker":"Galen Low","startTime":2699.684,"endTime":2701.5440000000003,"body":"running all of our Monte"},{"speaker":"Galen Low","startTime":2701.5440000000003,"endTime":2703.8540000000003,"body":"Carlo simulations like in"},{"speaker":"Galen Low","startTime":2701.5440000000003,"endTime":2703.8540000000003,"body":"a corner, you know, we've"},{"speaker":"Galen Low","startTime":2703.8540000000003,"endTime":2705.684,"body":"got AI enhanced tools."},{"speaker":"Galen Low","startTime":2705.864,"endTime":2709.3140000000003,"body":"Hopefully the notion of"},{"speaker":"Galen Low","startTime":2705.864,"endTime":2709.3140000000003,"body":"critical bath drag get built"},{"speaker":"Galen Low","startTime":2709.3140000000003,"endTime":2710.934,"body":"into more pieces of software."},{"speaker":"Galen Low","startTime":2711.315,"endTime":2712.4840000000004,"body":"The value breakdown structures."},{"speaker":"Galen Low","startTime":2712.664,"endTime":2715.094,"body":"Hopefully that'll get added into"},{"speaker":"Galen Low","startTime":2712.664,"endTime":2715.094,"body":"more software suites as well,"},{"speaker":"Galen Low","startTime":2715.454,"endTime":2719.835,"body":"so that we have this mechanism"},{"speaker":"Galen Low","startTime":2715.454,"endTime":2719.835,"body":"to be almost continuously"},{"speaker":"Galen Low","startTime":2719.835,"endTime":2723.4640000000004,"body":"evaluating where there might"},{"speaker":"Galen Low","startTime":2719.835,"endTime":2723.4640000000004,"body":"be some opportunity to sharpen"},{"speaker":"Galen Low","startTime":2723.4640000000004,"endTime":2726.134,"body":"that return on investment to"},{"speaker":"Galen Low","startTime":2723.4640000000004,"endTime":2726.134,"body":"amplify and to multiply the"},{"speaker":"Galen Low","startTime":2726.134,"endTime":2727.244,"body":"value that our projects deliver."},{"speaker":"Stephen Devaux","startTime":2727.605,"endTime":2730.304,"body":"I think this"},{"speaker":"Stephen Devaux","startTime":2727.605,"endTime":2730.304,"body":"is such an exciting time for"},{"speaker":"Stephen Devaux","startTime":2730.304,"endTime":2733.514,"body":"projects and project managers,"},{"speaker":"Stephen Devaux","startTime":2730.304,"endTime":2733.514,"body":"and I mentioned about the 20 to"},{"speaker":"Stephen Devaux","startTime":2733.514,"endTime":2735.704,"body":"$30 trillion a year in projects."},{"speaker":"Stephen Devaux","startTime":2736.059,"endTime":2738.55,"body":"Do you know what the"},{"speaker":"Stephen Devaux","startTime":2736.059,"endTime":2738.55,"body":"annual budget is for?"},{"speaker":"Stephen Devaux","startTime":2738.55,"endTime":2741.13,"body":"Professional baseball worldwide?"},{"speaker":"Stephen Devaux","startTime":2741.429,"endTime":2743.409,"body":"About $40 billion."},{"speaker":"Stephen Devaux","startTime":2743.619,"endTime":2746.11,"body":"So we can do even more"},{"speaker":"Stephen Devaux","startTime":2743.619,"endTime":2746.11,"body":"than Bill James did."},{"speaker":"Galen Low","startTime":2748.539,"endTime":2749.079,"body":"I love that."},{"speaker":"Galen Low","startTime":2749.469,"endTime":2750.429,"body":"Steve, thank you so much."},{"speaker":"Galen Low","startTime":2750.429,"endTime":2751.63,"body":"This has been so much fun."},{"speaker":"Galen Low","startTime":2751.929,"endTime":2754.449,"body":"Just for giggles, do you have a"},{"speaker":"Galen Low","startTime":2751.929,"endTime":2754.449,"body":"question that you wanna ask me?"},{"speaker":"Stephen Devaux","startTime":2754.449,"endTime":2755.02,"body":"Yes."},{"speaker":"Stephen Devaux","startTime":2755.409,"endTime":2757.75,"body":"I love The Digital"},{"speaker":"Stephen Devaux","startTime":2755.409,"endTime":2757.75,"body":"Project Manager."},{"speaker":"Stephen Devaux","startTime":2758.139,"endTime":2761.949,"body":"So what do you want the"},{"speaker":"Stephen Devaux","startTime":2758.139,"endTime":2761.949,"body":"future of the Digital"},{"speaker":"Stephen Devaux","startTime":2761.949,"endTime":2763.09,"body":"Project Manager to be?"},{"speaker":"Galen Low","startTime":2763.48,"endTime":2764.98,"body":"As an"},{"speaker":"Galen Low","startTime":2763.48,"endTime":2764.98,"body":"organization or as a role?"},{"speaker":"Stephen Devaux","startTime":2765.6440000000002,"endTime":2767.204,"body":"You tell me, both."},{"speaker":"Galen Low","startTime":2767.474,"endTime":2770.3540000000003,"body":"As a role, I"},{"speaker":"Galen Low","startTime":2767.474,"endTime":2770.3540000000003,"body":"think that technology's"},{"speaker":"Galen Low","startTime":2770.3540000000003,"endTime":2772.6940000000004,"body":"becoming a huge piece"},{"speaker":"Galen Low","startTime":2770.3540000000003,"endTime":2772.6940000000004,"body":"of social infrastructure"},{"speaker":"Galen Low","startTime":2772.6940000000004,"endTime":2773.384,"body":"and the way we live."},{"speaker":"Galen Low","startTime":2773.654,"endTime":2777.0440000000003,"body":"I think the savviness, the"},{"speaker":"Galen Low","startTime":2773.654,"endTime":2777.0440000000003,"body":"curiosity to understand"},{"speaker":"Galen Low","startTime":2777.344,"endTime":2781.2140000000004,"body":"how a project sits within a"},{"speaker":"Galen Low","startTime":2777.344,"endTime":2781.2140000000004,"body":"technical ecosystem, a political"},{"speaker":"Galen Low","startTime":2781.2140000000004,"endTime":2783.6440000000002,"body":"ecosystem, a business ecosystem."},{"speaker":"Galen Low","startTime":2783.824,"endTime":2786.5240000000003,"body":"I want that to be the role"},{"speaker":"Galen Low","startTime":2783.824,"endTime":2786.5240000000003,"body":"I want it to be about."},{"speaker":"Galen Low","startTime":2787.1440000000002,"endTime":2788.764,"body":"Looking into that crystal"},{"speaker":"Galen Low","startTime":2787.1440000000002,"endTime":2788.764,"body":"ball a little bit."},{"speaker":"Galen Low","startTime":2788.764,"endTime":2789.634,"body":"No one has one."},{"speaker":"Galen Low","startTime":2789.784,"endTime":2791.554,"body":"But the risk management"},{"speaker":"Galen Low","startTime":2789.784,"endTime":2791.554,"body":"aspect of things."},{"speaker":"Galen Low","startTime":2791.704,"endTime":2794.3740000000003,"body":"The what if, and driving"},{"speaker":"Galen Low","startTime":2791.704,"endTime":2794.3740000000003,"body":"those conversations that"},{"speaker":"Galen Low","startTime":2794.3740000000003,"endTime":2796.5640000000003,"body":"are ultimately creative"},{"speaker":"Galen Low","startTime":2794.3740000000003,"endTime":2796.5640000000003,"body":"conversations to be like,"},{"speaker":"Galen Low","startTime":2796.804,"endTime":2797.764,"body":"what if we did this?"},{"speaker":"Galen Low","startTime":2798.0040000000004,"endTime":2800.914,"body":"Could this help avoid"},{"speaker":"Galen Low","startTime":2798.0040000000004,"endTime":2800.914,"body":"a negative risk?"},{"speaker":"Galen Low","startTime":2800.914,"endTime":2802.864,"body":"Could this help amplify"},{"speaker":"Galen Low","startTime":2800.914,"endTime":2802.864,"body":"the value of a project?"},{"speaker":"Galen Low","startTime":2803.074,"endTime":2805.114,"body":"And really steering in"},{"speaker":"Galen Low","startTime":2803.074,"endTime":2805.114,"body":"that direction of being"},{"speaker":"Galen Low","startTime":2805.6240000000003,"endTime":2808.204,"body":"leaders, not just taking"},{"speaker":"Galen Low","startTime":2805.6240000000003,"endTime":2808.204,"body":"orders and delivering."},{"speaker":"Galen Low","startTime":2808.7090000000003,"endTime":2811.259,"body":"As an organization, we wanna"},{"speaker":"Galen Low","startTime":2808.7090000000003,"endTime":2811.259,"body":"be able to support that."},{"speaker":"Galen Low","startTime":2811.289,"endTime":2813.239,"body":"We know that AI is"},{"speaker":"Galen Low","startTime":2811.289,"endTime":2813.239,"body":"transforming things."},{"speaker":"Galen Low","startTime":2813.239,"endTime":2815.4900000000002,"body":"We know that a lot of the"},{"speaker":"Galen Low","startTime":2813.239,"endTime":2815.4900000000002,"body":"projects of that, you know,"},{"speaker":"Galen Low","startTime":2815.789,"endTime":2820.259,"body":"X trillion dollars are about"},{"speaker":"Galen Low","startTime":2815.789,"endTime":2820.259,"body":"organizations morphing,"},{"speaker":"Galen Low","startTime":2820.409,"endTime":2824.67,"body":"changing their DNA completely"},{"speaker":"Galen Low","startTime":2820.409,"endTime":2824.67,"body":"to adapt to things like AI and"},{"speaker":"Galen Low","startTime":2824.67,"endTime":2825.989,"body":"other disruptive technologies."},{"speaker":"Galen Low","startTime":2826.259,"endTime":2829.829,"body":"And we wanna be able to enable"},{"speaker":"Galen Low","startTime":2826.259,"endTime":2829.829,"body":"and help project managers"},{"speaker":"Galen Low","startTime":2829.829,"endTime":2833.009,"body":"and anyone who's at the helm"},{"speaker":"Galen Low","startTime":2829.829,"endTime":2833.009,"body":"of any project make good"},{"speaker":"Galen Low","startTime":2833.009,"endTime":2836.219,"body":"decisions so that we aren't"},{"speaker":"Galen Low","startTime":2833.009,"endTime":2836.219,"body":"looking at these headlines"},{"speaker":"Galen Low","startTime":2836.219,"endTime":2840.2540000000004,"body":"going, oh ha, 95% of AI"},{"speaker":"Galen Low","startTime":2836.219,"endTime":2840.2540000000004,"body":"projects, you know, will fail."},{"speaker":"Galen Low","startTime":2840.2540000000004,"endTime":2842.349,"body":"Or 80% of agentic"},{"speaker":"Galen Low","startTime":2840.2540000000004,"endTime":2842.349,"body":"pilots are not working."},{"speaker":"Galen Low","startTime":2842.3990000000003,"endTime":2845.279,"body":"And not looking at it at that"},{"speaker":"Galen Low","startTime":2842.3990000000003,"endTime":2845.279,"body":"direction, looking at it through"},{"speaker":"Galen Low","startTime":2845.279,"endTime":2849.029,"body":"the lens of how might we be"},{"speaker":"Galen Low","startTime":2845.279,"endTime":2849.029,"body":"able to either succeed more"},{"speaker":"Galen Low","startTime":2849.179,"endTime":2851.009,"body":"by, you know, putting more"},{"speaker":"Galen Low","startTime":2849.179,"endTime":2851.009,"body":"rigor behind these projects."},{"speaker":"Galen Low","startTime":2851.949,"endTime":2854.4390000000003,"body":"Or how can we understand"},{"speaker":"Galen Low","startTime":2851.949,"endTime":2854.4390000000003,"body":"what we're learning"},{"speaker":"Galen Low","startTime":2854.4390000000003,"endTime":2855.099,"body":"when we're failing?"},{"speaker":"Galen Low","startTime":2855.099,"endTime":2856.719,"body":"'cause failing is"},{"speaker":"Galen Low","startTime":2855.099,"endTime":2856.719,"body":"not always bad."},{"speaker":"Galen Low","startTime":2857.079,"endTime":2858.3990000000003,"body":"Failing is how we learn."},{"speaker":"Galen Low","startTime":2858.429,"endTime":2860.199,"body":"That's how we come"},{"speaker":"Galen Low","startTime":2858.429,"endTime":2860.199,"body":"up with these ideas."},{"speaker":"Galen Low","startTime":2860.199,"endTime":2862.179,"body":"And we've been talking about,"},{"speaker":"Galen Low","startTime":2860.199,"endTime":2862.179,"body":"you know, you mentioned"},{"speaker":"Galen Low","startTime":2862.179,"endTime":2864.8190000000004,"body":"earlier like critical path"},{"speaker":"Galen Low","startTime":2862.179,"endTime":2864.8190000000004,"body":"originally, not something"},{"speaker":"Galen Low","startTime":2864.8190000000004,"endTime":2865.4190000000003,"body":"you would've thought of."},{"speaker":"Galen Low","startTime":2865.449,"endTime":2866.829,"body":"Not something I"},{"speaker":"Galen Low","startTime":2865.449,"endTime":2866.829,"body":"would've thought of."},{"speaker":"Galen Low","startTime":2867.039,"endTime":2869.199,"body":"But by doing projects over"},{"speaker":"Galen Low","startTime":2867.039,"endTime":2869.199,"body":"and sharing knowledge,"},{"speaker":"Galen Low","startTime":2869.199,"endTime":2871.8390000000004,"body":"this is how we arrive at"},{"speaker":"Galen Low","startTime":2869.199,"endTime":2871.8390000000004,"body":"better ways to do things."},{"speaker":"Galen Low","startTime":2872.079,"endTime":2874.8390000000004,"body":"And this is how we arrive"},{"speaker":"Galen Low","startTime":2872.079,"endTime":2874.8390000000004,"body":"at more success through"},{"speaker":"Galen Low","startTime":2874.8390000000004,"endTime":2877.539,"body":"projects, and that's"},{"speaker":"Galen Low","startTime":2874.8390000000004,"endTime":2877.539,"body":"ultimately leaping us forward."},{"speaker":"Galen Low","startTime":2877.809,"endTime":2878.619,"body":"That's the way I see it."},{"speaker":"Stephen Devaux","startTime":2879.01,"endTime":2879.849,"body":"That's wonderful."},{"speaker":"Stephen Devaux","startTime":2880.09,"endTime":2883.42,"body":"And good luck to you and"},{"speaker":"Stephen Devaux","startTime":2880.09,"endTime":2883.42,"body":"please contact me anytime you"},{"speaker":"Stephen Devaux","startTime":2883.42,"endTime":2886.119,"body":"have a, that something comes"},{"speaker":"Stephen Devaux","startTime":2883.42,"endTime":2886.119,"body":"up that you think would, I"},{"speaker":"Stephen Devaux","startTime":2886.119,"endTime":2888.61,"body":"would be interested in or"},{"speaker":"Stephen Devaux","startTime":2886.119,"endTime":2888.61,"body":"I might have an answer for."},{"speaker":"Stephen Devaux","startTime":2888.914,"endTime":2890.53,"body":"I, I will definitely"},{"speaker":"Stephen Devaux","startTime":2888.914,"endTime":2890.53,"body":"be in touch."},{"speaker":"Stephen Devaux","startTime":2890.59,"endTime":2892.0,"body":"This has been really insightful."},{"speaker":"Stephen Devaux","startTime":2892.0,"endTime":2893.829,"body":"I always learn a lot when"},{"speaker":"Stephen Devaux","startTime":2892.0,"endTime":2893.829,"body":"we talk to one another."},{"speaker":"Stephen Devaux","startTime":2893.829,"endTime":2895.2400000000002,"body":"I know we could go on for days."},{"speaker":"Stephen Devaux","startTime":2895.4500000000003,"endTime":2897.52,"body":"There's a load of things"},{"speaker":"Stephen Devaux","startTime":2895.4500000000003,"endTime":2897.52,"body":"that I think I'd love to"},{"speaker":"Stephen Devaux","startTime":2897.52,"endTime":2898.63,"body":"have you back to discuss."},{"speaker":"Stephen Devaux","startTime":2898.929,"endTime":2900.4,"body":"But yeah, let's wrap"},{"speaker":"Stephen Devaux","startTime":2898.929,"endTime":2900.4,"body":"it there for now."},{"speaker":"Stephen Devaux","startTime":2900.46,"endTime":2901.09,"body":"Thank you so much."},{"speaker":"Galen Low","startTime":2901.2400000000002,"endTime":2902.02,"body":"Absolutely."},{"speaker":"Galen Low","startTime":2902.02,"endTime":2903.46,"body":"Thank you so much, Galen."},{"speaker":"Stephen Devaux","startTime":2904.659,"endTime":2906.3390000000004,"body":"That's it for"},{"speaker":"Stephen Devaux","startTime":2904.659,"endTime":2906.3390000000004,"body":"today's episode of The Digital"},{"speaker":"Stephen Devaux","startTime":2906.3390000000004,"endTime":2907.539,"body":"Project Manager Podcast."},{"speaker":"Stephen Devaux","startTime":2907.6890000000003,"endTime":2909.579,"body":"If you enjoyed this"},{"speaker":"Stephen Devaux","startTime":2907.6890000000003,"endTime":2909.579,"body":"conversation, make sure"},{"speaker":"Stephen Devaux","startTime":2909.579,"endTime":2911.079,"body":"to subscribe wherever"},{"speaker":"Stephen Devaux","startTime":2909.579,"endTime":2911.079,"body":"you're listening."},{"speaker":"Stephen Devaux","startTime":2911.3190000000004,"endTime":2913.929,"body":"And if you want even more"},{"speaker":"Stephen Devaux","startTime":2911.3190000000004,"endTime":2913.929,"body":"tactical insights, case studies"},{"speaker":"Stephen Devaux","startTime":2913.929,"endTime":2917.599,"body":"and playbooks, head on over to"},{"speaker":"Stephen Devaux","startTime":2913.929,"endTime":2917.599,"body":"thedigitalprojectmanager.com."},{"speaker":"Stephen Devaux","startTime":2917.619,"endTime":2919.2690000000002,"body":"Until next time,"},{"speaker":"Stephen Devaux","startTime":2917.619,"endTime":2919.2690000000002,"body":"thanks for listening."}]}