Should Your Project Have a Second Project Phase?

The video addresses the challenge of integrating a second phase into an existing project. It suggests treating the second phase as a new project for three main reasons: simplicity, energy, and accountability. Simplicity reduces complexity and risk, starting anew is energizing, and separate projects enhance accountability. The video concludes with recommendations on planning project phases and governance structures.

Why does the speaker recommend treating a second phase as a new project?

• To simplify the project and reduce risk

• To ensure the same team works on it

• To increase the project's complexity

• To make the project more expensive

What is a potential downside of extending a project instead of starting a new one?

• It can lead to increased motivation

• It can be more energizing

• It can simplify the project

• It can be demoralizing for the team

How can starting a new project benefit the team?

• It allows for the selection of a new team

• It ensures the same team continues

• It guarantees project success

• It reduces the need for new resources

What issue arises when merging phase two into phase one?

• Increased clarity in financial tracking

• Dilution of accountability and governance

• Simplification of project management

• Enhanced learning from past mistakes

What is crucial for ensuring accountability in project phases?

• Defining clear governance structures

• Avoiding any form of tracking

• Merging all phases into one

• Ignoring governance structures