Bob Barnes and Fred Baker have an interesting blog post entitled Project Life Cycle is Essential in Managing Risk. Their blog is at http://www.pmprofessors.com/ This is an interesting example of stakeholder expectations, and here’s the DeliveryDemon’s take on it.
Common understanding of an estimate is that it is a single point value. As project managers we know that there is an uncertainty range associated with any estimate, which narrows as more knowledge becomes available through the life of a project. Business processes tend to force us to provide a single point estimate, and expectations are adopted on the basis of that value. It’s an ongoing piece of work for a project manager to keep stakeholders in touch with the reality of what is happening, and that is no guarantee that a stakeholder won’t suddenly revert to the original expectation.
This is a reflection of the current level of maturity in non-PM understanding of project management processes. It won’t go away until PM becomes a core business competency, at the level exercised by today’s above average PMs, and we are still some way away from that.
Today’s PM needs to be aware of the issue and factor it into stakeholder expectation management.