PMcrunch

What do Six Sigma, ITIL, and Project Management have in common? These three disciplines all have associated business certifications, living largely in the ‘business’ versus technical realm, and all relate in some way to processes. But how can these disciplines relate to one another in such a way that greater value is created for the individual as well as the organization?

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I have worked on all kinds of projects.  I’m well aware that project requirements will pit you against limitations of all sorts.  Indeed, we all recognize that we operate in a world of constraints; however, sometimes WE are the biggest constraint of all.   This leads me to the question, “Is your project bigger than yourself?”

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In thinking about shareholder management or investor management, especially in today’s volatile environment, I see a big parallel with stakeholder management.  In essence stakeholders are the investors in our projects.  Stakeholders hold a “stake” in our projects.  Stakeholders, just like investors, have different levels of investment or interest in our projects.  We must think of [...]

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There is one thing that you can do on your project or program that can yield the best results for the organization, for your team, and for yourself.  It goes way beyond any project management tools or techniques.  It even goes beyond applying a typical methodology to your project plan.

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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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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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Oftentimes, less experienced project managers and project teams wallow in uncertainty and lack of direction due to the lack of proper project management documentation. I have seen situations where there are lots of desperate sources of documentation but the specific project at hand is not well enough to find.

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Managing large projects and programs is challenging and most agree that one of the best approaches is to break large projects and programs down into smaller readily manageable projects.

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On so many projects we assemble all the tasks and then assign them to the appropriate individuals. However, I have found that as an alternative we need to consider assigning some tasks to a small team of people. This may sound inefficient but I think it is essential, especially in certain environments and on certain types of tasks.

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Project management in one sense can be a pretty dry field. While it can be exciting professionally and emotionally, it also can be relatively mechanical in many ways and to many people. However, as I think about it, most things are actually that way. Most things can get to be ho-hum and humdrum. The difference I find is when we decide to do things with style. We add some class to our actions and become a different kind of project manager. Let me give you my thoughts.

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