I went to a fascinating talk by Adam Hoyle, Managing Director, Tradax Group Ltd, on Corporate Best Practice in Public Sector Bidding. I thought there were a number of lessons that apply more generally to running all kinds of projects that would be worth sharing.
Seven best practice tips
- Don’t start projects unless they align with your overall strategy
- Make sure you have thought through exactly what decision-making authority each person involved should have, and that this has been clearly communicated and understood
- Give everyone involved a clear written briefing pack at the start, providing them with all the basic information about the project that they will require
- Standardise what you can – but everything that is standardised needs an owner who takes their ownership seriously
- Think hard about what information would really make a difference to your performance if you had it, and work creatively (legally of course) to get it – for example using FoI requests
- Use the information you have intelligently – there is probably much more that you can learn than is immediately obvious, if you put it all together
- Transitions between teams – for example on winning a bid, or starting to operate an asset – are high-risk boundaries, which need careful planning to make sure they go smoothly