Regulatory Projects: 6 Best Practices
In response to the economic crisis that exploded in 2008, governments around the world unleashed an unprecedented series of reforms and new regulations around the world. As a result, organizations have focused on implementing critical initiatives to comply with the new regulatory environment.
All of these regulatory projects have been very good for one specialist: the Project Manager. As specialists in implementing change, project managers have been integral in efforts to get the world’s economy back on a sound footing. By managing the many changes needed to comply with regulations, we have introduced the personal, human and business skills needed to assist process-driven industries in adapting to new realities. As a result, the impact to project managers has included:
- Tackling many of the problems that once were only the domain of senior leaders within an organization.
- Becoming as highly valued a resource as the executives in many organizations.
- Balancing scarce resources, understanding the environment in which they manage and recognizing and mitigating risks
All this has made project managers de facto senior leaders of change within their own organizations. However, not every project manager is as effective as another when working on these critical regulatory projects. What then are the key differences a project manager must consider when managing a …
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"One man alone can be pretty dumb sometimes, but for real bona fide stupidity there ain't nothing can beat teamwork." - Mark Twain |
