There are 6 areas in federal project that require more attention than in a private sector project They are Non Financial Benefits intended to c reate a greater good It is not for profit and is managed to make efficient use of taxpayer dollars to deliver increased social democratic values Subject to Political Environment government projects are governed by political agendas One administration's priorities may or may not be the same as the previous one so project sometimes are authorized in one but cancelled in another One example here is the border project that was prioritized by the Trump Administration may not be a priority the Biden Administration so the uncompleted portion of the project its status is undetermined Formal Processes mandatory use of formal processes, in budgeting, planning and execution One example are the mandatory requirements in procurement and in managing them definitely add to the complication of project in the government Megaprojects these projects are defined as projects with a minimum of $1B in cost, or any project that attracts high level of public attention or political interest due to substantial impacts on the community or that the completion is longer than 5 years The Risks and uncertainties associated with planning and implementing on large costs are astronomical and more subject to risks the further the project is from completion Schedule risk for long projects is also common in long projects Long Product Life Cycle project deliverables are operational years if not decades into the future Not only are the PMs dealing with quality of products that will be operational decades from now, it also affects the technological use and application High level of technological uncertainty involved in product design for projects that have long product life cycles Multiple Stakeholders stakeholders includes the political, social and financial aspects of a project When a project involved multi agencies, the coordination and communication efforts rise exponentially When factoring the different interest, priorities and needs of these stakeholders, the PM needs to stay on top of delivering the appropriate message to the right audience What is your reaction or thought after you read above article or Why do you think public sector projects that will require more attention than private sector projects

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There are 6 areas in federal project that require more attention than in a private sector project. They are: Non-Financial Benefits - intended to c

There are 6 areas in federal project that require more attention than in a private sector project. They are:

Non-Financial Benefits - intended to c reate a greater good. It is not for profit and is managed to make efficient use of taxpayer dollars to deliver increased social & democratic values.
Subject to Political Environment - government projects are governed by political agendas. One administration's priorities may or may not be the same as the previous one so project sometimes are authorized in one but cancelled in another. One example here is the border project that was prioritized by the Trump Administration may not be a priority the Biden Administration so the uncompleted portion of the project; its status is undetermined.
Formal Processes - mandatory use of formal processes, in budgeting, planning and execution. One example are the mandatory requirements in procurement and in managing them definitely add to the complication of project in the government.
Megaprojects - these projects are defined as projects with a minimum of $1B in cost, or any project that attracts high level of public attention or political interest due to substantial impacts on the community or that the completion is longer than 5 years. The Risks and uncertainties associated with planning and implementing on large costs are astronomical and more subject to risks the further the project is from completion. Schedule risk for long projects is also common in long projects.
Long Product Life Cycle - project deliverables are operational years if not decades into the future. Not only are the PMs dealing with quality of products that will be operational decades from now, it also affects the technological use and application. High level of technological uncertainty involved in product design for projects that have long product life cycles
Multiple Stakeholders - stakeholders includes the political, social and financial aspects of a project. When a project involved multi-agencies, the coordination and communication efforts rise exponentially. When factoring the different interest, priorities and needs of these stakeholders, the PM needs to stay on top of delivering the appropriate message to the right audience.

What is your reaction or thought after you read above article? or Why do you think public sector projects that will require more attention than private sector projects?