As I took in hefty rents from Pacific Ave, I could see that my…
As I took in hefty rents from Pacific Ave, I could see that my daughter was beginning to realize that it’s really tough to win if you buy low-end properties like Baltic and Mediterranean, or any of the properties on that side of the board. Even with hotels, Baltic will only get you $450. It’s only with the yellow, green and blue properties that you can really make an impression on your fellow players. She got excited by finally getting a hold of Boardwalk and Park Place.
Likewise, it’s difficult to win at the data governance game if you pick projects that have limited upside. The tendency might be to fix the data of the business users who are complaining the most or those that the CEO tells you to fix. The key is to keep capitalism and the game of monopoly in mind when you pick projects.
When you begin picking high value targets with huge upside potential, you’ll begin to win at the data governance game. People will stand up and notice when you begin to bring in the high-end returns that Boardwalk and Park Place can bring in. You’ll get better traction in the organization. You’ll be able to expand your domain across Ventnor, St. James Place, gathering up other clean data monopolies.
This is the tactic that I’ve see so many successful data governance initiatives take at Trillium Software. The most successful project managers are also good marketers, promoting their success inside the company. And if no one will listen inside the company, they promote it to trade journals, analysts and industry awards. There’s nothing like a little press to make the company look up and notice.
So take the $200 you get from passing GO and focus on high value, high impact projects. When you land on Baltic, pass it by, at least at first. By focusing on the high impact data properties, you’ll get a better payoff in the end.
To hear a few more tips, I recommend the webinar by my friend Jim Orr at Trillium Software. You can listen to his webinar here.
