PMcrunch

Management styles Almost everyone makes numerous decisions every day. It is these decisions that allow us to manage our lives, enabling us to do the things we want to do, while working with and around: other people, time and the everyday problems which always seem to occur.

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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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Project cutbacks are a common theme. In many cases, teams are simply reduced in size. In addition, project scopes are decreased while agile methods are a key way organizations develop software more efficiently. The term agility goes far beyond that.

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Most of us as project and program managers are constantly looking to improve ourselves, our performance, our skills, and our influence on our respective organizations. There are some trends at work that I think we can tap into that can help us to do all of these things and more. They can help us to move our careers to the next level.

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Any project portfolio is likely to have a high degree of synergy among various projects. This is especially true of a portfolio of projects that make up a particular program. The challenge is how to best realize these synergies and to derive true value from them.

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In managing a project or program, we start with an objective, work in the details, get buying, put together a schedule, and implement. Of course, that is a very simplified version of what happens in project and program management but…

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The Project Management Institute, Prince II, and numerous other project management centric organizations have, for some time, had at their core that there is great an broad value to the application of structured and formal project management. At the same time, people have been managing projects really for about as long as humans have existed, albeit with varying levels of complexity. The question is, what is the value of formal project management?

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After someone has been managing projects for some time and has achieved certification, he or she will feel more than comfortable with the basics. The big question is how can more experienced project management professionals continue to advance in skill and maturity by leveraging training. Let’s explore.

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Whatever performance review system is in place, the important thing for project management is that the line organization that holds ultimate responsibility for the project should be the primary input and judge of a project manager’s performance. Performance evaluation is often difficult in matrix-type organizations, such as those that include a PMO. Let’s take a look at some of the challenges.

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In these tight times, we are acutely aware of cutbacks, of scarcity, and of the need to streamline. However, really, these are indicative of management practices that should be occurring all the time. In portfolio management, especially, it is important to have a healthy balance between short term considerations and long term considerations. It is all a balancing act and the equation really only changes slightly during a downturn, such as we are currently experiencing.

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