Project Management

The Project Economy and You

Andy Jordan is President of Roffensian Consulting S.A., a Roatan, Honduras-based management consulting firm with a comprehensive project management practice. Andy always appreciates feedback and discussion on the issues raised in his articles and can be reached at Andy's new book Risk Management for Project Driven Organizations is now available.

If I asked you to describe your role in a single statement, what would you say? Would you talk about creating value? Would you tell me you turned ideas into reality? No? Why not? Project managers today are operating in The Project Economy, which PMI summarizes as:

The Project Economy is one in which people have the skills and capabilities they need to turn ideas into reality. It is where organizations deliver value to stakeholders through successful completion of projects, delivery of products, and alignment to value streams. And all of these initiatives deliver financial and societal value.”

That’s not me saying that. It’s not some obscure article in the darker recesses of the web. It’s PMI. The Project Economy is real—organizations are becoming more and more focused on projects as the speed of business continues to accelerate, and stable operations simply don’t exist. Businesses must continuously improve and evolve if they are to remain competitive, and that means delivering value constantly to the customer and the organization. It means innovating all the time and turning those innovations into real solutions that meet real needs.

The events of 2020 have only accelerated the move to this environment. Normal operations in most industries were fundamentally changed by the COVID-19 pandemic, and in many cases those operations …

Please log in or sign up below to read the rest of the article.


Continue reading...

Log In
Sign Up

I did this thing on the Ottoman Empire. Like, what was this? A whole empire based on putting your feet up?

- Jerry Seinfeld