Project managers must ensure that projects are aligned with business strategy and value creation for their company and its shareholders. The author demonstrates the importance of the bridge between the business and project worlds, even when there is not a clear link between their objectives. But one objective always remains the same: to create economic value.
In this article, with the help of theory, literature and real life examples, the authors try to explain innovation in construction projects while differentiating the same from invention. The article also discusses two more vital “I” words: improvisation and improvement.
The mash-up of technologies is becoming more and more evident. What is hot for 2016? Are recent hot tech trends riding the forefront of innovation? Maturing? Becoming commercialized? The answer is obvious: all of the above.
In annual planning sessions since the dawn of time, people have had to decide whether to put their own needs or their organization’s needs first. They don’t always make the right decision, and that needs to change.
Efficient organizational project management enables companies to achieve organizational benefits through greater agility and a sharper competitive advantage in the market. To achieve this, we must first understand how to differentiate the concepts of organizational benefits, strategic initiatives, project management and organizational project management.
How much appetite for going digital do you have? This is where the question of digital strategy versus digital transformation comes in. The two terms are often misused, in part by being used interchangeably when they are in fact two very different things.
As part of your normal read of the business plan for the new year, you notice that part of the organization’s going-forward strategy is to adopt “design thinking” as the framework of choice on all new development projects. Just what the heck is design thinking, anyway?
The challenge of portfolio management is to quantify and report the value created by the operations, confirming that the portfolio is contributing to the accomplishment of organizational strategies. Implement the recommended steps to anchor organizational strategy through portfolio management.
Collaboration is an essential tool in the project manager’s arsenal of resources. It is important to know when--and when not--to pursue collaborative processes and how to facilitate the efforts that differentiates great project managers from the rest of the field.
The PMO concept has enjoyed something of a reemergence, demonstrating that given the right direction, sufficient support and a consistent communication of why it exists, it can deliver real value. However, that can only go so far, and in many organizations the PMO is now being seen as having peaked in a relatively tactical support role. Where should the PMO be headed in 2016 and beyond?
Who are you as a company? How do you describe the place you work, the people you work with and the value you bring to the corporate landscape? Why would anyone want to do business with you for any length of time, and how do you communicate that?
Unless you are blessed with refined communication skills and are oozing with charisma, your relationship management skills most likely can be improved. In business, the most productive relationships are typically forged based on establishing key attributes about yourself in the minds of others.
We are facing a period of unprecedented change. All of those changes have created new and unique challenges that project and program managers face. It's time we get serious about addressing these strategic challenges; here we present five of the top ones.
For a PMO to be successful, it must demonstrate it has continued business value to the organization. To do so, the functions it is to perform need to be stated explicitly and communicated throughout the organization when it is first established. People at all levels then have a consistent message as to why it is being established and what it is to do.
Bullying can be as harmful to business profits, productivity, and workplace harmony as it is in other areas of society. Despite this, the majority of organizations throughout the world remain ineffective or unmotivated to prevent or confront workplace bullying. Perhaps the answer is to focus on profits, financial incentives, and ROI. Ending bullying is just plain good for business.
Are you managing your applications? Is agile everything? What about the cloud? One expert reflects on some of the industry-specific project portfolio management trends of the past year--and considers trends for the coming year that might have an impact on the business.
A project quality review helps to identify the root causes of problems on a flailing project and provides detailed guidance for how to get it back on track. It has a direct, positive impact on an organization’s bottom line. When undertaken at the end of a project, it provides valuable “lessons” for project teams working on future projects.
With the increased oversight on programs and projects of strategic importance, program and project managers find themselves being invited for command performances before the boards of directors. This article provides some advice for when you find yourself in this position.
The discipline of project management tends to be relatively stable as processes and methodologies are well established. However, just as technology and business models change, project management adapts over time. Here are some trends within our industry that are likely to gain momentum over the coming year.
Whether thinking about giving your money or your time, your philanthropic efforts will yield the best results if you start with a good strategy. A good strategic vision is a good input to your project plan, and having a good strategic framework for analyzing opportunities is a great tool to have--whether for use in your not-for-profit or for-profit endeavors.
It’s near the end of the year, so it’s time to provide you with a recap of the findings from some of the key IT surveys published over the past 12 months. Consider it a quick and easy way to stay abreast on all that is going on in the world of IT.
While one energy company pursues the traditional benchmarking sessions with companies within the industry it serves, it also looks to companies outside of the business to gain insight on different approaches to help it move forward. At PMI's PMO Symposium this year in Phoenix, one practitioner got to share their story--and hear how many other PMOs and portfolios have also found success in their environments.
PMI's PMO Symposium and Thought Leadership Series provide valuable, timely and relevant information on prevailing trends directly impacting our profession and the portfolios we manage. This year’s research builds upon and advances the themes of past years and continues to confirm the value of PMOs and portfolio management in assuring business success. Here are one presenter's key takeaways from this year's show.
Are your solutions meeting business goals, needs and targets? This article sets out a tried-and-tested way of using enterprise architecture as a road map for the business analyst when liaising between stakeholders to understand the structure, policies and operations of an organization.
Every project has stakeholders. Your job is to get to know the ones who will be crucial to your project. This analysis worksheet will help you get a feel for what to expect from various key parties who have an interest in your project.
"I have not failed. I've just found 10,000 ways that won't work."