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Failure Study

Failure Study. # FailFast History, Thoughts, and Case Studies Sarah Harper, PMP, CSQA, ICP. History. # FailFast Fail fast is a business technique that quickly tests strategies, plans and designs. The idea is to avoid big investments until you're highly certain they will be successful.

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Failure Study

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  1. Failure Study #FailFast History, Thoughts, and Case Studies Sarah Harper, PMP, CSQA, ICP

  2. History • #FailFast • Fail fast is a business technique that quickly tests strategies, plans and designs. The idea is to avoid big investments until you're highly certain they will be successful. • Should only apply to small items.

  3. Mistake vs. Failure Mistake: • an error in action, calculation,opinion, or judgment caused by poor reasoning, carelessness, insufficient knowledge, etc. • a misunderstanding or misconception. Failure • an act or instance of failing or proving unsuccessful; lack of success • nonperformance of something due, required, or expected • a subnormal quantity or quality; aninsufficiency.

  4. #FailFast: Pros • Failing helps us learn. Examples: Sports, School, Internships, Games • By failing fast we save money and can go another direction. • Try new things with little risk. • Culture change to allow risk without fear of job loss.

  5. #FailFast: CONS • Can be used as a reason to “give up.” • “Failure” has a negative association. Having a hypothesis and testing it has a more positive approach that doesn’t demoralize. • It can kill innovation. Research is replaced with rapid prototyping or a minimal viable product. • Do you want to celebrate failure?

  6. Fail forward? • https://failforward.org/ • Better framework for failure, which includes retrospective techniques to get lessons learned.

  7. What does project management say about Failure? • Surprisingly, not much… • PMBOK, 5th Edition • Failure Mode and Effect Analysis An analytical procedure in which each potential failure mode in every component of a product is analyzed to determine its effect on the reliability of that component and, by itself or in combination with other possible failure modes, on the reliability of the product or system and on the required function of the component; or the examination of a product (at the system and/or lower levels) for all ways that a failure may occur. For each potential failure, an estimate is made of its effect on the total system and of its impact. In addition, a review is undertaken of the action planned to minimize the probability of failure and to minimize its effects.

  8. Case study: Startups Fab.com Groupon FourSquare Instagram Twitter • Fabulis • The Point • DodgeBall • Burbn • Odeo

  9. Case Study: New Coke

  10. Case Study: Kobayashi Maru • The “no-win” scenario – you will fail • A test of character.

  11. Practical Application at WORk Do what your company embraces. Learn from your mistakes. Create a balance of research and experimentation. Failure Wall

  12. Career Advice • Failure can help your career! • Create a Failure Resume! • DON’T actually give this to a potential employer • Personal exercise to retrospect on failures in career • Use in future interviews • Failing is human – learning from it shows intelligence.

  13. Practical Application at Home • Try new things all the time!

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