Wednesday, November 12, 2008

Charts and Reports (Part 1)




I had a discussion with Brother Alex of Petronas, Malaysia and the topic we dwelled on was the difference in the types of charts that will/can be derived from project data.

Different data will produce different charts and of course, with different data type, the chart pattern will differ. The simple explanation here is the data and its scale.

In some cases, the pattern might be almost similar to each other (see chart above) but with different scales of reference, the values might not be similar.

In some other cases, the chart can produce different pattern, say an s-curve versus an X=Y curve.

The good thing about using Microsoft Project is, the software's ability to plot many different types of chart from one project plan, like - Resource Loaded Progress Curve, Cumulative Financial Curves, Targeted Percentage Curves and many more.

Wait for my next input

Sunday, November 09, 2008

How to track Progress (VIDEO)



How to track progress. This is one of the many other videos available on my SWPM module

Stay tuned for more or call/e-mail me

Thursday, October 30, 2008

Microsoft Project 2007

I am still getting questions from my PM Blog followers on Microsoft's Project 2007 and whether it is a good buy or not?

Actually I have put in an article on the issue some time back (see Archive) and frankly, I am not for the use of Project 2007 at all.

My main grouse is Project 2007 can't plot charts when compared with ALL Microsoft Project since Project 199x (even before the Y2K)

Secondly, it is full of calculation errors

and thirdly, it uses up too much memory.

Yes, Project 2007 does have its good points, which says it can do multiple UNDO .... I guess that is its only good point

Wednesday, October 29, 2008

Microsoft ends VISTA

Microsoft Corp finally decided to stop production of its very problematic VISTA and will be replacing it with WINDOWS 7.

So far I can vouch that Microsoft Project 2003 Professional is still compatible with Windows 7 but I will be doing more beta testing on the compatibility and most important, its stability.

Stay tuned

Read more on www.microsoft.com

Microsoft Project Basics (Getting Started)

Open Microsoft Project 200X (Double Click the program icon or click at START and go to PROGRAM and scroll to MICROSOFT PROJECT and let go of the mouse.

Click inside a cell in the TASK NAME column, Type in START, Click in the next cell (DURATION) and type in 0 (zero), press enter.

You should by now see the change of the blue box into a black diamond, indication the presence of a milestone.

Click the cell below START and type in Activity 1, repeat again for Activity 2.3 and 4. Type in after that FINISH with a duration value of zero. For Activity 1 type in 3 days duration. Activity 2, Duration of 4 days and Activity 3 , duration 3 days and Activity 4, Duration of 5 days.


Linking the ACTIVITIES
Click the START milestone (don’t let go of the mouse) drag the arrow to ACTIVITY 1, release the mouse button.
You will see a black line joining START to ACTIVITY 1.
Repeat the following:

Link ACTIVITY 1 to ACTIVITY 2

Link ACTIVITY 2 to FINISH

Link START to ACTIVITY 3

Link ACTIVITY 3 to ACTIVITY 4

Link ACTIVITY 5 to FINISH

You should get the chart o your left.

If you do, then congratulations, it’s your first work flow diagram. If you don’t, Close the screen and repeat step 1 all over again.

Click the WIZARD icon (it’s is a picture of a Magician’s wand against a bar chart diagram)
The following message box will appear, click NEXT

Select CRITICAL PATH
Click FINISH click FORMAT IT and click EXIT WIZARD. The program will display your work program with blue and red bars.
Blue bars are activities that are not critical, i.e. will not contribute to any delay against your project should it not be complete within the duration set (but if you really delay it seriously bad, it can become red). A red bar is indicating a critical activity namely so if you don’t finish the work within it’s stated duration, then the whole project gets delayed big time.


* Still not sure how to do it?

Call me at
+60122312037

Saturday, September 20, 2008

NEW 2008 Streetwise Project Management Syllanus

Streetwise Project Management

Intermediate level module

Course Content

Introduction to Project Management principals

Setting realistic timelines, objectives, and expectations

Walkthrough to features in Project Management tools

Understanding Work Breakdown Structures (WBS)

Hands on sessions to GANTT, PERT and CPM

Determining the best approach for accomplishing project goals

Time line management

Human Resource and Equipments management

Progress Tracking

Progress reporting including Target or Scheduled Progress versus Actual Progress

S-Curves and Resource driven Charts

Automating your software for reports

8 hours of Hands-On training included in this training module

Course Peripherals

Legal Microsoft Project Professional Training Software

Compact Disk containing Real-Life working programs

Leatherette Organizer

Certificate awarded upon completion

Streetwise Project Management

Advance level module

Note – Entry to the Advanced Level is only upon completion of the Streetwise Project Management Intermediate Level program or from an equivalent course conducted from an approved project management program such as PMI. Candidate must furnish proof of such attendance.

Course Content

Material Management

Project Budget versus Actual Expenses

Facilitating communication among project participants, including outside vendors

Monitoring production, quality, and costs

Multiple Project Management

Document and data management within your project Plan

Resource sharing and advanced level resource management

Addressing Extension of Time and Litigation issues

10 hours of Hands-On training included in this training module

Risk analyzing your project plan

Auditing Submitted Work Plans

Financial Charts, Cash Flow Charts and Resources Costing by use

Course Peripherals

Legal Microsoft Project Professional Training Software

Compact Disk containing Real-Life working programs

2 Gigabytes Memory Stick with Built-in Firewall and Licensed Anti Virus Software

Leatherette Organizer

Certificate awarded upon completion

Streetwise Project Management

Comprehensive Intermediate to Advance level module

* Most Popular module for those seeking Fast Track and low turn around time in understanding real life hands on Project Management

Course Content

Introduction to Project Management principals

Setting realistic timelines, objectives, and expectations

Walkthrough to features in Project Management tools

Understanding Work Breakdown Structures (WBS)

Hands on sessions to GANTT, PERT and CPM

Determining the best approach for accomplishing project goals

Time line management

Human Resource and Equipments management

Progress Tracking

Progress reporting including Target or Scheduled Progress versus Actual Progress

S-Curves and Resource driven Charts

Automating your software for reports

Material Management

Project Budget versus Actual Expenses

Facilitating communication among project participants, including outside vendors

Monitoring production, quality, and costs

Multiple Project Management

Financial Charts, Cash Flow Charts and Resources Costing by use

Document and data management within your project Plan

Resource sharing and advanced level resource management

Addressing Extension of Time and Litigation issues

16 hours of Hands-On training included in this training module

Risk analyzing your project plan

Auditing Submitted Work Plans

Course Peripherals

Legal Microsoft Project Professional Training Software

Compact Disk containing Real-Life working programs and Video on using your Project Management tools

4 Gigabytes Memory Stick with Built-in Firewall, legal software and Licensed Anti Virus Software

Leatherette Organizer

Certificate awarded upon completion

*Please note, in order to ensure participants comfort and optimum knowledge transfer quality, we will not conduct a class beyond 15 persons per session.

All participants will have unlimited access to questions and answers to the facilitator for 3 months after the training. They may do so via phone calls and on-line Blogs and e-mails.

Saturday, July 05, 2008

Project Management and Your Career

Project Management and Your Career
Success is the reward of anyone who goes looking for trouble.
—Walter Winchell
“I think our manager is burning out,” one project team member told another.
The second one answered, “I’ve noticed that he’s been a bit short-tempered lately.”
“That’s not what I mean,” the first one said. “Yesterday, he sent me down to the lunchroom to
get him a cup of coffee.”
“What’s wrong with that?”
“Instead of just giving me a list, he drew out the instructions on a network diagram.”
Who gets promoted in your company? Is it the person who is merely capable, who doesn’t make waves, and
who survives without upsetting the delicate balance of the corporate culture? Or is it the person who excels?
Because the “survivor” is not a risk taker, in the long term, it is the exceptional manager who receives the
promotions and creates a permanent career. Whether your performance as a department manager is
exceptional, or only average, if you also manage projects, you have the opportunity to exceed the “average”
category.
In many departments, budgets, staff, tasks, and other factors will limit your freedom to demonstrate leadership
abilities. You may have to struggle just to maintain the minimum requirements of the job. There may be few
opportunities to demonstrate your skill, or even to put it to the test. When a project comes along, it’s your
opportunity to manage in a more creative way, and it allows you to develop a greater skills level than you’d
ever need as a department manager.
AN ORGANIZATIONAL SCIENCE
A large part of your success as a project manager will depend on your ability to organize and define. In
comparison, the actual work is not difficult. In fact, the better you do the job of organization, the easier it will
be to execute the task of the project.
Organizing the project requires several leadership actions, including:
• Defining the purpose and goals of the project. Getting to the point of understanding between you and
the person giving you a project assignment may require a great deal of effort on your part. Many
people, including executives, have difficulty defining exactly what they want. Thus, you may be
assigned a project, but with no clearly defined purpose or goal.
Your first organizational challenge is to ask the right questions at the point of assignment. You need to
know exactly what the assignment is meant to achieve.
• Organizing a schedule. Once a schedule is completed, it might look like a fairly simple document:
each phrase has been broken down and defined; deadlines have been made clear; and tasks have been
assigned to each team member. But a complex and lengthy project will demand a high level of
organizational skill in the beginning. You need to be aware of the time demands for each phase, as well
as the time restrictions for your team members. You also need to look far ahead to make sure that your
deadlines do not conflict with other deadlines.
• Developing a team approach. Your ability to lead a project team effectively depends on how well
your team works together. This does not happen without focused, motivated leadership. Simply
creating a team does not ensure that it will function as you want it to. The better able you are to
organize all aspects of the project, the easier it will be to develop your team.
• Resolving conflicts. Invariably, the time demands of your project, the schedule, and the use of
resources will create conflicts at some point. Many of these relate to time priority for team members.
You may need to act in the capacity of a corporate diplomat to resolve these conflicts, while at the same
time avoiding power confrontations or ill feelings.
• Keeping the lines of communication open. As a project manager, you will need to continually define,
redefine, and modify. You must also reassure other people: team members, other department managers,
outside resources, and top management. Your project team does not operate in isolation, so you must
function as organizer and operator of a network of conflicting interests and priorities.
• Meeting budgets and deadlines. An organized project manager needs to review status day by day by
tracking the budget, looking for signs of emerging variances, and then taking action to control them.
You will monitor each phase as it proceeds, with an eye on immediate and final deadlines. You will use
many tools to organize your monitoring, such as PERT/CPM and network diagrams.
• Training and supervising. While the project is underway, you may need to supervise team members
directly. Some of them may not know how to execute a task, and will require training while working on
the project.
ATTRIBUTES OF PROJECT LEADERSHIP
Achieving the many organizational goals while you work as a project manager places many demands on
you—and your leadership skills. In some departments, “participative” management is not always possible nor
practical; but in project management, it’s essential.
Example: A manager of a processing department must ensure that transactions are executed, errors are caught
and corrected, and deadlines are met. Her task is specific. There is little opportunity for employee
involvement in her relatively mechanical supervisory job. However, when she’s given a project with a team of
expert employees, her leadership style changes: In this situation she coordinates efforts and encourages people
to become involved in the process of developing the schedule, determining the sequence of phases, and
overcoming problems of scheduling and budgeting.

Sunday, May 04, 2008

Project Management and the CONSULTANT Project Team

Project Management is a word too often used so much so that it is deemed an ordinary skill and therefore neglected.

Project Management in its most general meaning (forget those fanciful description those Academicians uses) is the management of manpower, machineries, materials and money within a set timeframe. 4M in short.

So we now know what Project Management stands for, so now how can it really help us?

Let’s start the whole understanding game with a scary bedtime story.


Project Failed to deliver on time!

This news clipping is a local and recent happening right here in fast developing Malaysia.

The news got into the lime light right after the elections, even though the delay started long before the elections.

What was the reason given for the delay?

Design Delays

Land Acquisition delays

Cost increase contributing to delays

The real reason for the delay is PROJECT MANAGEMENT failure at its best.

A Point by point dissection to the problem will be done.

Let’s just look at DESIGN DELAYS since the team here is in the same area of interest.

Design segment caused the delay

How did the design segment contribute to the delay? Was the Design team unable to churn out the design and drawings in time? Was the design changed numerous times due to clients’ interference?

When a project is of a massive scale in size, logically it will generate a massive amount of documentation requirement. Documents here are in the form of plans, technical detail drawings, engineering drawings and whatever specification data that is necessary to carry out the project.

Where then is the delay?

Fact

1. Almost all consultants never Project Manage their team to achieve a full submission of designs, drawings and specifications so as to submit them at a set milestone

2. All consultants never have a benchmark on how long can a set of plans for a particular work or area needs in order to complete

3. Most consultants have little or no logging procedure to identify when a 3rd party inference caused a delay in regenerating a new set of designs in order to adapt to these “requests”. Most of them can’t argue with the clients that the delay is not theirs but a 3rd party or even the client themselves

Not happy with these facts?

Try answering these questions.

a) Do you know how long will it take your designers to come out with a certain specification?

b) How long does it take your draftsperson to churn out an A0 sized drawing?

c) The client has asked to add in some new features, in doing so, you need to redesign out an entire section of designs. Can you tell there and then how much of time will be required to put in these new changes?

If you answer “Not sure” to even one of the above, then you better tune up your Project Management skills, FAST!

Solution

The TEAM here is required here is to create a progress monitoring control to manage your 4M

Manpower (your design team)

Machineries (PC, Plotter)

Materials (Print outs, Construction drawings)

Money (I don’t have to explain this one)

And set a time frame for all of these items

Let’s begin putting the 4M into reality

Start by understanding your Team’s productivity index. Know each person’s ability to churn out a certain document.

Tabulate this data into your own Manpower Production Sheet

Next, set out the quantum of drawings (or documents) to be produced.

DELIGATE to each person doing the design his or her quantum. This individual quantum divided with each person’s ability will give you the duration needed to create the needed designs or documents

Put each person’s time frame needed into a Gantt chart and you can now show how long it will take to do all those design works.

Get a good Project Management software, punch in all these data and now you are ready to do the following

a) Track who is doing what designs and when that work is to be completed

b) If a new client’s request comes in the middle of the job and the need to redesign, thus additional time (and cost) is needed, just add in the new work to your Gantt chart and the new date is calculated and if you want to claim for additional money from the client, this program can also show you that value.

This demonstration should show you a clearer insight into how simple Project Management is and how it will really help you get your Project done, on time, on cost and document your potential claims and variation works


Syed Naguib Syed Abu Bakar


Thursday, December 13, 2007

The Doc is back!

Project Management Training is back on line again.

Sorry, I have been busy WORKING lately. Yup even we successful Project Managers must work once in a while. I have been attached with World Health Organization (WHO) in Geneva, Switzerland for 3.5 months.

WHO needed a PM to get their projects back in line, so they called on the best (ahem) and I came.

.... more on this later

Tuesday, June 19, 2007

PLANNERS NEEDED

My firm has obtained a massive Project Management project covering the whole of Malaysia, and as such we need to increase our manpower count.

If you have -

a) 5 years Planning experience's
b) Quite versatile on Microsoft Project 2003 Professional usage (On the job training by the Szefu himself will also be given)
c) Looking for VERY GREEN PASTURES

send me your e-mail

drsyed88@yahoo.com

Monday, May 21, 2007

Progress Reports, the way it should be.

Progress reports has always been the requirement of all developments clients on their team of Contractors, Builders, Consultants and even their own supervisory team (The Clients’ Representatives). So much so, this requirement became so a familiarity or regularity that nobody actually pay much attention to it beyond the need to hear of the Percentage Achieved (Actual %) versus Percentage Targeted or Scheduled (Target %).

The situation is that, everyone seems to be very happy with the report format and when the project finally collapse due to unrecoverable delays, everybody jumped to all kinds of conclusion on why the whole mess-up happened in the first place. What caused the delay? When the delay did begin? No one could answer.

Malaysia began transforming into one of Asia’s Tigers in 1993 when the project and construction sectors boomed with the requirements of the Multimedia Super corridor, namely KLCC, KLIA, Putrajaya and well Cyberjaya. Tragically much hoo-ha occurred and many people with inadequate skills were roped in to manage these developments. The government prime intent is to complete the entire projects before the year 2000 or within that time zone. Time frame set, so the monitoring began. YES, most of the team involved in the monitoring of these projects was badly infected with the PIT disease. (Personal Interest Technology, this happens when a particular technology is “pushed” to be used by someone with authority due to personal interest rather then the technology’s abilities)

Exotic Project management software was brought in, more exotic Project Management companies was engaged to compile & tabulate reports and in a really bizarre case, a new company was formed by seconding executives from an already badly managed government agency whose projects too were seriously delayed. I actually observed one such organization whose job was Project Management creating Construction Programs using Microsoft ™ Excel, shading cells to show “time-lines”. Yes, that company was one of the key players. Yes, it was the era of comedies.

The mode of progress reporting went about in the following table look alike.

WBS

TASK

Duration

Scheduled %

Actual %

KLXX1

Main Building

700d

28%

25%

KLXX1/1

Control Building

1680d

75%

65%

KLXX1/1/1

VIP Building

450d

53%

28%

Yup it did tell a few things, one the target value and the other the real value achieved on site. It also showed a WBS column (WBS stands for Work Breakdown Structure, which shows how the elements of works were arranged). In those days WBS was a HUGE word, yes many contractors were shaken to their deepest core when they hear the clients ask about WBS. And since it was a big word, its presence in the progress report was necessary, even when only the Project Planners are the only people who actually need and use the codes. Those Progress Reports were really awesome and sounded so professional. YES, it looks good but seriously lacking in many areas.

THE REAL REQUIREMENT

The pointers to a really good Progress Report

  1. Progress report’s real function is to tell as much as possible yet remaining simple enough.
  2. Shows tangible values so the reader knows and REALIZE the quantum
  3. Be specific, show only what is needed
  4. Categorize the report. If details are needed, attach as reference or appendix.
  5. Make the report All-Users Readable
  6. Show whose liability for displayed shortfalls

The above explained

  1. Progress report’s real function is to tell as much as possible yet remaining simple enough.

Show what is needed in Layered presentation. Say the 1st page shows the summary, see following format, then the next page show the further breakdown of the details and so on. Let the reader “see” as much as they want if the want to “see” them. Give the reader he choice of how deep into the detail they need to dig into. Need general info, read page 1, need more flip next page.

  1. Shows tangible values so the reader knows and REALIZE the quantum

Most progress reports shows the Scheduled Progress % and the Actual Progress %, some goes a bit more and include the DIFFERENCE % (this is the value obtained when Scheduled Progress % is deducted from the Actual Progress %)

WBS

Task

Duration

Schedule %

Actual %

Difference

JK 1

Bridge

365d

37%

30%

7%

Ok, the above Progress Report looks ok but it still don’t tell you the fear factor involved. The human mind can read 7% but cannot quantify what is 7%?

To make an impact to values, we must use values that are simple to compare with something physical. Percentage is commonly used but in itself it is only a number. DURATION is better. The mind can picture say “1-day” against “1%”

Try this approach

WBS

Task

Duration

Schedule %

Actual %

Difference %

Difference Days

ASYNC1

ICT Project

365d

37%

30%

7%

-25,5days

When you tell someone the progress is delayed 7%, the person can’t “picture” 7% and most probably not react with much emotions BUT

When you tell someone the Project is delayed 25.5 days, they are really going to panic big time!

Tip

REMEMBER- Show the numbers in TANGIBLE values.

  1. Be specific, show only what is needed

The title says it all, in most reports the clients needs to only see the important facts (the above chart is quite enough really). Most meetings want to be notified of the specified results, not thousands of lines of data.

Tip

When giving a “works that are delayed” report, try using a software that can filter ONLY THE DELAY values, this way the reader can go straight to the items concerned rather then trying to visually pick out the items that is delayed among the other hundreds that is not.

  1. Categorize the report. If details are needed, attach as reference or appendix.

Break your report into, Summary, Section Details and Full Details, filed in that order.

The main summary

Further breakdown

Full detail

  1. Make the report All-Users Readable

Some Project Management software can be so exotic that only the person churning it out really understands it, this person is generally the Planner or a software expert. A great program that no one can read or utilize is functionless. A good report is one that even the support people (supervisors & technicians) can read, understand and eventually USE.

Tip

  1. Don’t use PERT diagrams or network diagrams for display of your proposed work programs. Nobody except academicians understands these.
  2. Display your program in Bar Charts or GANTT charts, they are visually easier to understand.
  3. If your software allows it, display in Calendar format, so readers can just go to a specific date to see what needs done then.

  1. Show whose liability for displayed shortfalls

A report should be Resource Loaded or Responsibility attached. What this statement meant is to allocate the person or work force responsible to a particular Task. This will allow the client or meeting to lock on directly to the Work that is delayed and WHO should be coming up with the solution to recover from that delay.

Friday, March 16, 2007

Microsoft Enterprise Project Management


Comming soon

Is Microsoft Enterprise Project Management (EPM) really necessary for Malaysian users?

The answer is a big NO and a very small yes

What the Salesmen tells you
Big Organizations need EPM to control all their projects, to have a better control

What they DON'T tell you, is ...(The real FACTs they hide)

You need for your Project Management team to be very well trained in Microsoft Project BASIC or the Professional model FIRST before you can even fiddle around with EPM

Most of EPM "features" like multiple projects controls, can actually be done using the standard Microsoft Projects version

Most of these "salesmen/women" (forget what they say on their business cards ... they are just out for your money!) are NOT WELL VERSED in the MS Projects functions, some don't even use the software!

2 Major (Big Boys of GLC and Government status) feedback on EPM purchases express serious regrets. Their EPM purchases ends up as a white elephant!

MORE FACTS

You may use MS Project to
a) Manage more then one projects
b) You can share resources using the standard versions
c) The standard versions costs only 5% of the EPM version
d)Data storage & exchanges using MSP is easier the EPM

Ok now, for some good things about EPM

EPM gives the top management an access to preset reports from all their projects, this is necessary when the top management don't have the skills to operate MS Projects.

Since they are top management, they thus can have the power to buy expensive tools to serve their needs.

EPM too does Portfolio management

But really ... do Project Managers need portfolio management to THAT extent? Yes, you'll need to extract data from related features BUT you can do this with simple cheaper softwares like Microsoft's Access (TM) , which in turn can be linked to MS Project

Frankly, I wouldn't waste my money on EPM as I believe my Project Management needs will be easily satisfied using MS Project (or any other PM Softwares of that equivalent, e.g Primavera).

For added information, Primavera's equivalent of EPM, called ENTERPRISE, too is a BIG flop in Malaysia. Sold by its former ally,HSSI, Enterprise never made a hold in Malaysia because Primavera in itself is too specialize to be used by MOST Project Managers.

In general it is safe to say,

Just stick to the simple software solutions for now, until you can answer questions about Microsoft Project without having to switch on your PC, then and only then should you think about EPM

Microsoft Project 2007 (New is not necessary better)

FLAWS & SHORTFALLS

First we dissect up Microsoft Project 2007

There are a couple of problems importing data into Microsoft Project 2007.

The first one is that importing an Excel 2007 file (in the new .xlsx format) does not work. The import appears to get hung up on some of the header information and from there you are stuck. The work-around for this is simple. Save from Excel into Excel 2000-2003 format and open that file in Project.

The second relates to importing .MPX files from other applications. At least a couple versions back, Microsoft started walking away from the .mpx format in favor of using xml as a standard exchange format. However, there are still other tools using it to exchange data and Project 2007 can open but not write .mpx files. If there are some records specifying correct calendars in the file then it will crash. For an explanation of what is happening and how to fix it, the best source is the ever helpful Adrian Jenkins who writes:

What I've found that if the file you're importing doesn't have a record type 20 and if at least one of the record type 20's calendar name doesn't match what's in record type 30, then the crash happens. Here's an example of what you may find in your MPX file:

MPX,Integration Tool Name,4.0
11,3,0,3,9,45
30,Project Name,,,,,,,1/17/2007
41,40,49,1,2,3,42

Importing an MPX file where record type 20 is missing and where the project's calendar name isn't identified in record 30 will cause the crash.

With record type 20 added, it'll look like this:

MPX,Integration Tool Name,4.0
11,3,0,3,9,45
20,Standard
30,Project Name,,,,,,,1/17/2007
41,40,49,1,2,3,42

In addition to record type 20, record type 30 also needs to specify the project's base calendar name and it should match the name in at least one of the type 20 records. Therefore, the MPX with the addtional information in record type 30 will look like this:

MPX,Integration Tool Name,4.0
11,3,0,3,9,45
20,Standard
30,Project Name,,,Standard,,,,1/17/2007
41,40,49,1,2,3,42

If you add this information to your MPX file, it should stop the crash from happening. You *may* see an additional import error, but you can click No to prevent the error(s) from appearing and the file should open.

P.S. With such problems Analyse Timescale in Excel is going to be messy. That too if you can find the Analyse Timescale in Excel icon to begin with .... its missing from its original position

Suggestion

Keep to Microsoft Project 2003 or its Professional brother, with Microsoft it never pays to be the First to have it