PMcrunch

As Project Managers, it is our charge to maintain high ethical standards. Strong ethical standards are a key ingredient of great leadership. The responsibility of ethics leads me to think about 2 immediate dilemmas or challenges:

Do we ask ourselves whether or not we are doing the right thing?
Do our team members and stakeholders ask themselves that same eithical question?
These 2 questions cover the basics of ethics, but there is a broader organization challenge we must consider to ensure these ethical questions are being handled.

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The business analysis function is one that needs to be managed with care and the wisdom of experience. Business analysts handle requirements management, systems analysis, business analysis, requirements analysis, or consulting. The various activities around these functions take place throughout the project and require continuous monitoring, starting at a high level near the beginning of the project. This post explores key business analysis activities throughout the project lifecycle.

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Many executives, project portfolio managers, and program managers make good choices about investing in new projects and ideas. Yet it’s also critical to set up a measurement, preferably from the start, for when to potentially stop investing resources in each project. This would be a sort of “stop standard” for any given project.

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There are many ways to earn the 60 PDUs required to maintain PMP certification. Many PMPs consider this to be a challenge. However, with proper planning (remember, we are PMPs!), earning those PDUs can become a part of your regular professional life and can be a breeze. Here’s how.

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Project Portfolio Management, like Investment Portfolio Management, is a balancing act that requires constant monitoring and adjustment over time. Whereas an individual may have the right balance of risk, return, income, growth and others represented in an investment portfolio, a project portfolio is similar in many ways. Risks, returns, resources required, and alignment with overall strategy are just a few of the factors that must be kept in balance over time.

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Talent management is a huge challenge for corporations and organizations of all types and sizes. I many cases, success at talent management within the organization can be the key differentiating factor between success and failure for the organization. Likewise, success at project management, program management, and portfolio management also largely hinges on strong talent management. Part of this challenge lies at the relationship between the organization’s talent management capabilities and those of the projects and programs.

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Successful delegation requires granting both responsibility and authority. These two, combined properly, constitute “empowerment”. However, these two are often not properly executed by the project manager or program leader, and the blame is often placed on the delegate, not on the leader! We, as project and program leaders, need to look at ourselves in the mirror and ask if we are delegating properly.

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