Note:  Ticket sales end on Friday, May 9th at 4:30pm. 

Dr. Harold Kerzner presents:

MANAGING PROJECTS UNDER LONG-TERM UNCERTAINTY:

THE IRIDIUM PROJECT

 The Iridium Project was designed to be the 8^th wonder of the world; a complete global satellite communication system where you call anywhere in the world at any time. But after more than 10 years of development and at a cost in excess of $6 billion, Iridium filed for bankruptcy protection within the first 8 months of operations.   The case study is a classical example of the complexities in managing long-term, high technology projects.  Topics discussed include: developing a business plan under market uncertainty; the necessity to evaluate assumption periodically; when to evaluate the assumptions; establishing a cost baseline under uncertainty; managing a long-term project under extreme risks; managing a global project team; the differences between a project champion and an exit champion; the risks of establishing a collective belief; the importance of project risk management; establishing a criteria for canceling a project; the danger of spending good money after bad money; the importance of politics in project decisions; and the application of professional responsibility.