PSI

While doing some more research on the web for the elusive probability of success of a project, I came upon the PSI. PSI stands for Probability of Success Indicator for a project. I have not gone into details of the same but apparently, it is a scoring system which can predict the success of a project. May be this is what I am looking for. It is in a book called How To Run Successful Projects III: The Silver Bullet by Fergus O'Connell. He has compared the software development project with that of film making and talks about a method called “Structured Project Management” in his book. There is a list of 10 steps which are advocated in the book. They are:

1. Visualize the goal
2. Make a list of jobs
3. There must be one leader
4. Assign people to jobs
5. Manage expectations, allow a margin of error, have a fallback position
6. Use an appropriate leadership style
7. Know what's going on
8. Tell people what's going on
9. Repeat steps 1-8 until step 10
10. The Prize

The author says that any impending disaster in a project can be identified much before it has struck.