PMcrunch

Often it is hard to decide to what to do first, or what to do next. In fact, in my experience, it is often easier to make such decisions on large projects than smaller projects. The Theory of Constraints is a neat concept that can help.

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When we set-up a project team for a new project or if we take over an existing project, we have an opportunity and a responsiblity to create new norms and a new atmosphere in which project team members can flourish.

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Looking at lessons learned from the current economic crisis, one that stands out pertains to how people are incentivized in business. Banks with risky loan portfolios somewhere along the line had incentivized their people to fill their portofolios with these loans. Somewhere along the line, the incentives did not incorporate some of the risks involved. How does this play out in project and program management?

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Depending on your environment, you may have some team members that seem like non-contributors, and in some ways actually get in the way. While I have never experienced this – or at least not for long – on the smaller more critical projects I have managed, I do see this on larger more matrix-oriented projects. The question is, “How can I handle this?”

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I have found the practice of having an “ADMIN DAY” is a great valuable and necessary one. But what is “ADMIN DAY”? How does it work and how does it provide value?

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I love basketball and I enjoy each March here on the United States when March Madness and NCAA basketball tournament arrives. In watching the games this past weekend, I could not help but be amazed at the number of game changing plays made by the players. In many of the games, it was a matter of how many game changing plays each team made. And the one that made more won. But the fact of the matter is that, these teams are full of game changers and made every game changing play they could. What can we learn from this for project management?

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There is always something going on that we can “take advantage of”. When we are in school, we can take advantage of the opportunity to learn new things in a free thinking environment. When we are on vacation, we can take advantage of the opportunity to sit back, relax and have a good time. When the weekend comes, we can take advantage of the opportunity to get some extra things done around the house, or to see to some friends. Now, we find ourselves in a recession. So, the natural question is, “What can we do to take advantage of the recession?”

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Human resources is an important function in all organizations and that includes the project organization. In these difficult economic times, the human resources’ function is being tested in organizations worldwide. How does that testing in this environment translate into the project team environment?

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Some projects are very well defined but others are not. If there is an idea that has been handed down by many, formed into a project that simply needs to be implemented, you may have a well defined project. If, on the other hand, someone or some group has an idea and they simply created a project out of it, then you may have an extra amount of defining to do.

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Tough challenges demand detailed analysis and affective decision-making. However, almost always it takes time to turn around a bad situation. While we all know that it will take time for the worldwide economic turmoil to iron itself out, recent stock market surges demonstrate and the reaction of investors to those surges illustrate how mindsets can be changed almost overnight.

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