Sages: Warren Buffett, George Soros, Paul Volcker and the Maelstrom of Markets is a book by Charles R. Morris.
The Standish Group suggests that the average project will have 2.1 restarts, so there is a good chance that the current project has been tried before.
As Bill says, “We do lots of IT projects and some executive sponsors are strong and some are not so strong. "
The Standish Group suggests the executive sponsor needs to understand what resources are needed for the project and how the team will obtain and use these resources.
At Fidelity, the executive sponsor would have a delegate who would run the weekly team meetings and make most of the decisions for the business unit.