PMcrunch

Many professionals are either “knowledge seeking” or “problem solving” - but, to their detriment, not both. You can create a one-two punch for professional effectiveness by combining “knowledge seeking” and “problem solving”. Let me show you what I mean by looking at some details of some popular bodies of knowledge today.

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“Managing an IT project is like juggling chunks of Jell-O: It’s neither easy nor pretty.” So it says in an excellent article on IT Project Management is CIO magazine. The article goes on to say, very accurately I think, that “Information technology is especially slippery because it’s always moving, changing, adapting and challenging business as we know it.”

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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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Many project management positions are just that — positions managing projects. However, many other positions seemingly in project management are much more positions in programmatics. They involve tracking, reporting, working with metrics, and passing information on to decision makers. While, often, there is a need for these functions, there, often, also is not.

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Marketing projects are important to companies, simply because they provide the opportunity to increase the top line of the business. That is, they are initiatives focused on driving revenue, as opposed to controlling costs. I have been thinking about three keys for how to lay out the requirements for such such revenue-enhancing marketing projects.

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The Project Management Plan concerns itself with how the project is going to be managed. This includes consideration for the project management systems to be used to coordinate the plan and the project. The systems that are used are also very important in providing feedback to senior management.

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Six Sigma projects are derived from organizational strategy, in the same way that organizational strategy drives the selection of all projects and programs in an organization’s Portfolio. So, how do the business drivers that are at work result in some projects being Six Sigma projects, and others not?

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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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Project Management involves a great deal of discipline in making sure that “all the i’s are dotted and t’s are crossed’. It clearly involves a great deal of attention to detail, and a high degree of thoroughness. So how do we balance that with a practical realism that allows us to prioritize and focus on the most important activities? The pareto principle can help.

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Business or organizational strategy is intended to drive all decisions within an organization. It provides a direction, a rallying point, and a litmus test for decisions at all levels. Hence, it only stands to reason that strategy would drive the project portfolio management process.

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