I like Wally's positive attitude here-- his project is totally successful before it's even started. I'm guessing most projects in Wally's company are doomed to fail before they even get started and he knows it.
I've got a suggestion for the project name.
Admittedly it's based on an unproven assumption on what Wally is short for, but couldn't it be...
Quantum of Wallace?
The more the PHB observes Wally's project, the more likely it will never be in a completed eigenstate, due to the quantum Zeno effect. Wally wins again.