The PM's Top 5 Strategic Challenges

Kevin Coleman is a highly skilled senior level project and program manager/advisor with experience leading projects with labor budgets ranging from a few hundred thousand dollars to multi-million dollar budgets across multiple industries.

  Innovation   Marketing and Sales   Resource Management   Strategy  

Today’s business environment is complex and demanding, to say the least. Each and every day, we are confronted with a new challenge--at least, that’s how it seems to many program and project managers. If we do not have the solutions, we should at least take steps to minimize the implications associated with these strategic challenges.

If you stop and think about it, we are facing a period of unprecedented change. One manager called it a period of turbulence. This has created numerous challenges, including changes in the demographics of our stakeholders, changes in expectations from our stakeholders, a shift in expectations and let’s not forget changes in laws and regulations.

All of those changes have created new and unique challenges that project and program managers face. After reflecting and some informal polling, it is time we get serious about addressing and find solutions to these strategic challenges. Here are the top five strategic challenges that resulted from the analysis (please note, these are not in order of significance):

• Data-driven stakeholder interaction (including time and location)
• Continuous development of human resources
• Rapid advancement of technology
• Individualizing the experience
• Enterprise innovation

Every organization’s and individual’s experience is slightly different, and these five represent …

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