PMcrunch

As project and program managers we all know that stakeholders are central to the success of any project or program. We know that we must listen to stakeholders and that, in the end, we must satisfy stakeholders in order to have a successful project. We need to gather stakeholder input, listen to stakeholder concerns, and obtain stakeholder feedback throughout our projects. The question in my mind right now is “what can we expect realistically of our stakeholders?”

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At the end of a year and at the beginnning of a new one, we all tend to take some time to look back at the last twelve months and to look forward to the next twelve. This is a good time for us to asses our own performance, strengths, weaknesses, interests, things that we would like more of and things that we would rather do without.

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Many project managers are in somewhat functional roles where they are not neccessarily in a typical leadership positions. By contrast, other project managers are in significant leaderhsip roles where they have been given direct responsibility of the outcome of significant projects.

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The learning curve was “invented” many years ago. It refers to the competitive advantage derived from having learned a great deal about a product, service, market, or other competitive factors along the way. The learning curve can be a tremendous source of competitive advantage to organizations that have rode it upwards, especially when compared to those who have not yet accomplished that learning.

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On your project teams over time, there surely have been “pivotal performances”. Just like in a basketball game there was something that the winning team did throughout the game, that proved to be pivotal to the outcome of that game. There are things that each team member, and the team as a whole does throughout a project, that are pivotal to the projects success. The question is, how do you find those things, and how do you get your project team to turn in pivotal performances, routinely.

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By definition all projects must come to a close. This definitive ending to the project represents the end of the project management process, but that end also signifies a new beginning. Successful execution of the closing process within a project helps to ensure that the value of the project is realized.

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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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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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The Student Syndrome is something that we all have experienced one way or another. It is evident that most of us tend to do at least to some degree of cramming for exams, completing papers, completing projects, doing problem sets and more. The student syndrome is based on our human tendency. For example, the student syndrome is demonstrated where, if we have 25 days to do an assignment, we put off most of the work until the final days or hours before it is due!

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Parkinson’s Law – the concept that work expands to meet the time available – is a common human behavioral reality. To deal with it, we can always tighten up the timeframe or define the work and deliverables more explicitly, but it is not always so straightforward to deal with.

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