6 Practical Ways to Energize Your Hybrid PM Methodology
Project managers enjoy a reputation for their dedication to meeting deadlines and delivering complex projects. However, there are some project management problems we still need to solve.
According to a 2017 report from the Project Management Institute: “Organisations are wasting an average of $97 million for every $1 billion invested, due to poor project performance—that’s a 20% decline from one year ago.”
That is an unacceptably high rate of failure. There are many causes to consider here. You might point to unrealistic expectations from stakeholders. Or unanticipated challenges (like a multi-month global pandemic!). All of these problems are real, and we might not be able to do much about them right now.
Despite these challenges, the way we run projects also plays a role. If we stubbornly insist on running projects “by the book,” we are going to miss opportunities. In that spirit, I would like to share a few ways to develop your hybrid approach to project management.
1. Reconsider your project reporting approach. If you have made it through a project management exam, you are probably used to working with complex figures like earned value. These complex approaches are useful in some circumstances.
However, put yourself in an executive’s shoes for a moment. They have 10 or 20 meetings per day. They want to make fast,
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