The Power of Knowledge for Project Managers

Michelle Stronach has over 20 years of experience in the project management field, with experience creating successful PMOs and implementing project, portfolio management and IT governance frameworks. Michelle truly appreciates the value of feedback and welcomes comments on her articles. https://twitter.com/mlstronach


Topics: Innovation, Knowledge Management, PMO, Strategy

It's simply economics. Global productivity growth has begun to stall with the decline of working-age population. There is a compounding affect of two inequitable facts: we are living longer, and we are having fewer babies. The question is; What are we doing to be more productive in a diminishing workforce?

According to a study by McKinesy Global Institute, attaining the productivity growth needed to revitalize the global economy means that businesses need to innovate and adopt new ways to operate. McKinsey suggests the greater productivity growth will come from broader adoption of existing best practices, and the remainder will come from technology, operational or business innovation to go beyond our current norm.

As project managers, we benefit for the need of positive change as it increases our value and importance. More innovation and organizational improvement initiatives means more projects. Resource and funding pressures of maintaining business operations--while at the same time attempting to thrust forward innovation--amplifies any intolerance for making avoidable mistakes or wasting time reinventing the wheel every time a new initiative is launched.

Being More Productive Means Working Smarter
Being more productive isn't just about being more efficient; we need to work smarter and more strategically, both as individuals and organizationally. As …

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"Life is like music; it must be composed by ear, feeling, and instinct, not by rule."

- Samuel Butler

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