Originally Posted by
cattletruck
We had a project where the entire budget was blown on project managers and nobody was engaged to do the actual work.
You could try doing it the other way round - spend 0p on project managers, call the resulting chaos "agile", and see how much you deliver on spec, on time and on budget!
(Answer: actually you don't
fail to do these things, because there wasn't any spec and there wasn't any plan.)