A Personal Stake in the Outcome
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Not too long ago, I asked if it made sense for project team members to feel a sense of skin in the game, I believe it does. Ries suggests, that people "...need a personal stake in the outcome of their creations." Neither he nor I believe this always needs to be some kind of financial stake (although that sometimes makes a lot of sense), however even in organizations where a financial stake is unacceptable or impossible because the organization is a non-profit or government, "...it is still possible for teams to have a personal stake," says Ries. Ries describes how Toyota creates this sense of personal ownership and stake in the outcome with the role of shusa, or chief engineer: "Shusa are often called heavy-weight project managers in the U.S. literature, but this name understates their real roles as design leaders. Toyota employees translate the term as chief engineer, and they refer to the vehicle under development as the shusha's car. They assured us that the shusa has final, absolute authority over every aspect of vehicle development." The shusa is responsible for the development of every new car from start to finish. In the late 70s I met an engineer at Toyota who was really excited to pull out the schematics of the quarter-panel he designed. My first thought as he describe how this was "his" quarter-panel was, "It's a fender." That "fender" happened to be recognized as part of the best engineered car in the world that year. All these years later, I admire his passion and sense of ownership. I don't know if he had a financial stake, but his name was attached to the car and he definitely felt a personal stake in the outcome of that project. When teams have a personal stake in the outcome of a project (whether financial or otherwise) they feel a greater sense of ownership, perform at a higher level and ultimately contribute to the success of their organizations. What are you doing to give your team a personal stake in project outcomes? |
The Value of a Social Network
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Outside of project management, are there other communities you visit or forums you frequent? I'm a big believer of utilizing techniques and approaches from other industries that are successful (but possibly untried in ours), to increase productivity, improve collaboration and help individual team members maximize their contributions. Attending events like the Social Commerce Exchange is part of what I do to improve my EVE ratio. Events like this often happen after work, I don't get paid to be there, but I think it's an important investment in my career. What are you doing to improve you skills and move the needle on your EVE ratio? |
Crude Confrontation Curtails Collaboration
What's Your EVE Ratio?
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If you're not sure what an EVE ratio is, you're not alone. I didn't know either. It's the ratio of investment you make in education vs. entertainment. Tom suggests (and I wholeheartedly agree) that project leaders need to be investing regularly in their careers and leadership skills. If we content ourselves with the investment our companies are willing to make in us, we are being shortsighted. I try to spend time every month either reading books, attending webinars or other events to help me become better at my job—and I'm willing to pay for it myself. Particularly with tight budgets and organizations less willing to pay employees for personal development, it's important to continually make that investment in yourself. For example, over the last couple of years I've become a huge fan of Audible and take advantage of my commute each day to keep up to date on thoughts and ideas that will make me better at what I do. That being said, my EVE ratio is probably still weighted on the entertainment side. Tom kindly shared his list of books, webinars, seminars and podcasts with the TalkingWork audience. We also want to make his Leadership Reading List available here.
Have you ever considered how much time and money you invest in entertainment vs. education? I'm pretty convinced that if you're not willing to invest in your education and career, nobody else will either. |
The Social Project Manager
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A little over a year ago I spoke with Elizabeth Harrin (@pm4girls) about her new book, Social Media for Project Managers. I understand it recently became available via Kindle, so I thought I would bring it up again. Whether you prefer the hard-copy or the electronic version of books, if you're a project manager and want to wrap your head around what social media methods can do for you, I'd read this book. Elizabeth takes the time to go through the different types of media, the pros and cons, along with discussing why you may or may not want to apply any particular media to your project management process. This applies to everything from podcasts, blogs, forums and webinars (but isn't limited to those mentioned above). I'm a pretty regular reader, and many project management books require a pretty dedicated desire to learn to get through—this one is decidedly different. Harrin's writing is engaging and accessible. She's a pro at making her ideas consumable to a pretty varied audience. This book should be on your bookshelf or in in Kindle library. As you may already know, I'm a huge fan of implementing social media best practice into the project management process. I think taking those practices that have made Twitter, Facebook and other social media popular just make sense (particularly with so many Millennials in the the workforce today). I think the collaborative advantages of social media are pretty apparent. If you want to create a more collaborative environment and you're not considering a social media-like approach, I think you're missing an opportunity to ramp up the collaborative ability of your project teams. I know of an engineering firm in Japan that is finding a lot of success in their efforts to eliminate email for project related communication and replacing it with the social component of their project management tool. I'm excited to follow how their efforts pan out over time. Elizabeth suggests a great starting point for project managers who may be considering something like this. "Let's start with establishing whether the project organization is ... culturally prepared to take a dip in the social media waters." She adds, "The first dependency to consider for your project-based social media activity is how much your team will want to participate in this. Web-based collaborative tools rely on people working online and being prepared to share knowledge. Ask yourself the following questions:
"A team already confident in using social media and online tools (in or outside the office) will make for an easier adoption of any such technology in the workplace. If you are working with a group of people who struggle to send emails, don't text, and can't use the calendar feature on their mobile device, you could find yourself meeting a technical challenge." This is great advice. The type of media you apply really does depend upon where your team is and whether or not it will actually provide value and help your team. What's more, I don't think age is the issue either. I'm a 50+ guy who is totally into the value of social media, while my wife doesn't get it and doesn't want to get it. Is it right for your team? I can't answer that one, but starting with Elizabeth's book will help you make that determination for yourself. |










