Leaders Cannot Afford to Neglect Planning
Good planning always costs less than good reacting. (Wayne Schmidt)
In October 2010 the most expensive public works project in America, ARC, officially met its demise. The project would have constructed two tunnels beneath the Hudson River to add much-needed railways between New Jersey and Manhattan. However, poor planning led to wasteful spending and put the project on pace to exceed its budget by at least $1 billion.
A federal audit of the project brought to light an embarrassing lack of planning. The audit charged NJ Transit with failing to draw up plans to combat fraud and waste in its financial practices. The same audit chastised the FTA for authorizing NJ Transit to spend $1.35 billion without having seen a project management plan, master schedule, or financial plan from the agency. On account of ARC's runaway costs and inadequate strategic plans, New Jersey Governor Chris Christie decided to cancel the project.
The Appeal of Planning Ahead
As a leader, you may be tempted to initiate action without taking the time to map out plans. After all, it feels unproductive to think about how to do something when you could simply roll up your sleeves and start making things happen. However, it's far less of an investment to prepare for a project in advance than to repair a project after it has gone awry.
In leadership, all is well that begins well. Leaders who carefully craft strategies enjoy success, while those who haphazardly race forward experience heartache. Strategy functions as a leader's blueprint, playbook, or script. It aligns action and focuses energy toward a goal, preventing costly delays and wasted resources. By following a coherent strategy, leaders arrive at a predetermined destination instead of wandering in an uncertain direction.
These nine simple steps outline the leadership planning process. I trust they will be beneficial to you as you make plans for a successful year:
- Predetermine Your Course of Action
- Lay Out Your Goals
- Adjust Your Priorities
- Notify Key Personnel
- Allow Time for Acceptance
- Head into Action
- Expect Problems
- Always Point to Your Successes
- Daily Review Your Progress
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