Saturday, March 27, 2010

Is Tiger Woods winning the Masters?

In class the other day we were discussing the benefits of a RAG or BRAG report. The main problems seem to be the definitions of the various colors and also the complete lack of objectivity in switching between them. We were further adressing the difficulties of keeping score of a portfolio of projects using a portfolio management tool. To add some humor and clarity to the situation we imagined a portfolio manager reporting on the Masters Golf Competition in Augusta, Georgia.

Our ‘reporter’ began by asking each golfer how they were doing at various points of their rounds.

Tell me Mr. Woods how are you doing now? “I'm doing pretty well considering the conditions I'd like to be doing better.”

Our intrepid reporter then moves to another hole and asks the same question of Mr. Els “Oh. I'm not doing so good. I started out well but I had a few fat shots and I'm losing ground. But thanks for asking. “

He then spies Padraig Harrington sauntering up the 10th fairway with a smile as wide as Galway bay. And how are you going sir?

“Grand” says Padraig. “Just grand”

He then returns quickly to the scoring booth and puts a red circle beside Ernie Els, a yellow one by Tiger Woods and a Green one beside Padraig Harrington and the crowd gathered by the scoring tent goes wild with cheers.

A crazy and impractical situation of course. Each golfer keeps meticulously objective score at all points of the competition and is accountable for completing his own scorecard.

We should take a leaf from the professionalism of these pros. We have become accustomed to keeping score in the operation of our companies however we rarely keep accurate score of our projects.

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