Categories: 2020, Best Practices, Career Development, Change Management, Innovation, Leadership, PMOs, Portfolio Management, Program Management
By Jen Skrabak, PMP, PfMP, MBA
As we close out 2019 at work, wrap up projects, and plan to spend time with our families for the holidays, sometimes we forget this is the best time to prepare for the year to come. Here are my five tips to get you in the mindset:
1. 2020 starts now.
The traditional thinking is that nothing happens from Thanksgiving to New Year’s since hiring managers and companies are preparing for the holidays.
The real situation is that everything happens at the end of the year. Companies are busy preparing for next year, and, from personal experience, November/December has been the busiest time for recruiting senior-level portfolio/program executives. Hitting the ground running starting Jan. 1 means that 2020 starts now.
Key questions for you to start your 2020 planning:
- What are your career goals for 2020?
- Are your CV or résumé and LinkedIn profile up to date with key accomplishments and aligned with your career goals?
- What are your development plans? Do you have training scheduled, books to read or people you need to consult with to gain insights?
2. Ladder up your experiences and skills.
The traditional thinking is that a career ladder is about getting a new title at the next level with a higher salary.
The real situation is that building your career is about learning agility and building a repertoire of experiences and micro roles. If you’ve been in program or portfolio management for seven years or more, it may start to feel that you’ve “been there, done that.” To get to the next level of experiences, ask yourself: In 2020, how will you learn a new skill, gain a new experience or learn from someone?
3. Transformation must be visible.
The traditional thinking is that transformation is about organizational change management, which is mainly instituted through a variety of communication methods and channels (memos, town halls, workshops, staff meetings, etc.). In a recent viral stationary bike ad, the woman depicted before and after the transformation looked the same—many people had issues with the cognitive dissonance where she said that her life changed so much, but the change was not visible.
The real situation is that transformation is more than just communication. Instead of telling people what the change is, the approach should be to actively demonstrate the change so people can experience it. Transformation at the organizational level is about behavior change.
When I implement a large-scale organizational change, I personally lead up interactive training sessions to teach people about the change, as well as follow-up sessions where I’m hands-on in mentoring and coaching people on the new skills. It’s a great way to get real-time feedback about the change, and most importantly, to be seen as the expert coach within the organization enabling the change. This has been very effective in building trust and credibility in the organization.
4. Create space.
The traditional thinking is that when you see a good idea for a program, go implement it—quickly—to take advantage of speed to market.
The real situation is, just like a cluttered drawer that you keep adding to, a portfolio can be cluttered if not systematically managed. From a personal standpoint, I had to move recently, and I was surprised at how many things I found in the back of the drawer that I forgot existed. When I emptied it out and scrutinized every item, I discovered that 30-40 percent of the items were not needed or were no longer useful since they were damaged, broken or just plain outdated. By getting rid of items, I created space for new items and technology, just like in an organization.
The steps to portfolio management in an organization are:
- Inventory: Create a complete listing of all programs, projects and activities that consume resources.
- Rationalize: Scrutinize and prioritize every item. Does it have ROI? Is it really going to move the needle on the strategy? You can even develop simple project scoring to prioritize—key criteria can include value, resources and alignment to strategy.
- Start, Stop, Sustain: Make decisions and tradeoffs about what to start, stop and sustain. In an organization, teams sometimes continue to do what they’ve always done for years, and it takes a thorough review of the portfolio to surface work that is not needed or useful—just like the drawer example.
- Quarterly/Annual Review: Portfolio optimization is about doing Step No. 2 above regularly, not just one time. Conducting a performance review at least quarterly is the best way to ensure that the decisions initially made in Step No. 3 haven’t changed due to environmental factors (internally or externally).
5. Volunteer for your next role.
The traditional thinking is that your manager assigns you the next program or role.
The real situation is you are responsible for actively managing your next role. You should tell the right managers and other leaders what you would like your next program or role to be.
- Clearly state your desire: What type of program or role would you like? Be as specific as writing your own job description, including responsibilities, skills and experience needed.
- Develop a plan: What steps, dates and resources do you need to get to your desired role from where you currently are? Do you have the skills and experience needed or do you need to develop them? What support or resources from leaders or others do you need to accomplish your plan? Treat this like any other project you would manage, with a project plan and project schedule.
- Track your progress: Check in with yourself every week and key supporting leaders monthly or quarterly. Hold yourself accountable and adjust as needed.
Don’t wait: What is your plan for starting 2020 now?