Wisdom vs. Knowledge

From dictionary.com - The primary difference between the two words is that wisdom involves a healthy dose of perspective and the ability to make sound judgments about a subject while knowledge is simply knowing. 

”Anyone can become knowledgeable about a subject by reading, researching, and memorizing facts. ... Wisdom is knowing when to say it.”

Project Management Similar to Creating Art

"A great piece of art is composed not just of what is in the final piece, but equally important, what is not.  It is the discipline to discard what does not fit - to cut out what might have already cost days or even years of effort that distiguishes the truly exceptional artist and marks the ideal piece of work, be it a symphony, a novel, a painting, a company or, most important of all, a life"

Author Unknown

Top Ten List

Florida Power and Light management came up with the list below of the ten most important things they think helped them complete the St. Lucie 2 Nuclear Power Plant on schedule, within cost, and without major quality issues.

1. Management Commitment
2. A realistic and firm schedule
3. Clear decision-making authority
4. Flexible project control tools
5. Teamwork
6. Maintaining engineering before construction (design before build)
7. Earlsy start-up involvement
8. Organizational flexibility
9. Ongoing critique of the project
10. Close coordination with the Nuclear Regulatory Commission (strong, fair oversight)

This is an awesome list that can be adapted to any environment and project.  Do you have a top ten list of things you need for your project to be successful?