PMcrunch

As project managers we are responsible, typically, for our specific projects. Sometimes we might be working on portfolio management and sometimes we may be working in a PMO-type environment that offers project management help around the organization. However, more often than not, we are focused on our individual projects. Regardless of where you fit in to this spectrum, it is good to take a look at the kinds of projects that your company is implementing right now, as this can foreshadow the future for the organization.

The current financial crisis is actually setting the stage for the next boom. The question is what will characterize this next boom and what will the opportunities be? What are the best things to do to prepare for coming opportunities?

Regardless of your role, it is good to step outside of your current responsibilities for a moment and do an organizational assessment. The thing I’m talking about is looking at the portfolio of your company’s projects and noting the proportions of projects that are cost-saving versus revenue-generating. Typically, revenue-generating projects will be innovation-oriented.

While cost-saving projects are very important and, in essence, should be going on all the time, the same can be said for innovation or revenue-generating projects. Especially now, there should be a sense of what is to come and how to position the company to take advantage of new opportunities.

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John Reiling, PMP
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