PMcrunch

Uncertainty is part of the territory for effective leaders. Certainty simply does not exist for effective leadership, since if it did, leadership would not be needed! Whether in executive leadership or project leadership, it is the ability of the leader to manage uncertainties that most defines success.

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Thomas Edison was the quintessential mistake maker. He believed that the more mistakes he made, the more wrong answers and wrong solutions he could eliminate and, therefore, the closer he came to the correct solution to his problems. In management and on projects, on one hand, we seek to minimize mistakes but it is important to recognize when “mistakes” can actually be beneficial and produce positive outcomes. Indeed, we should not be afraid to make mistakes but rather should try to control and leverage the process. The project portfolio management process is an ideal place to formally do this.

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Engineering analysis is often an input to overall project management. However, in larger organizations, or in consulting firms that service a multitude of customers, the engineering analysis is a project unto itself. This brings to the surface the question, “What is the process for these types of projects, and how does it map to the PMBOK?”

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