I recently got myself into a bit of a bind. I had started a lot of projects, but then as soon as I got some traction on them, another project popped up and took priority. The next thing I knew, I had a stack of about seven major undertakings, as well as working with my day-to-day emergencies and queries. The upshot is that all of the "context switching" was killing me, and I had to refocus my energies on one project at a time to clear the backlog.
I think that three major projects is my threshold before things go off the rails. How deep can your development project pile get before it's too much for you to handle?
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Justin James is the Lead Architect for Conigent.