Voices on Project Management

by Peter Tarhanidis, Ph.D.

Today’s hybrid work environments, ethical demands, stakeholder complexity, and organizational pace require new success criteria. According to PMI’s 2024 Pulse of the Profession report, only 34% of projects are considered successful by traditional measures of scope, time and cost. For leaders to thrive in this new reality, project guardrails must be modernized to inspire autonomy while aligning purpose, ethics, and sustainable outcomes.

Rethinking Guardrails: From Control to Catalysis
Traditional project governance structures emphasize compliance, change control, and rigid escalation paths. But in environments characterized by complexity, ambiguity, and constant change, rigid control can undermine innovation and engagement.

McKinsey & Co.’s research shows that projects with adaptive governance outperform peers by 25% in delivery of value and 30% in stakeholder satisfaction. Leaders must introduce guardrails that promote empowered decision-making within clearly communicated boundaries, and encourage distributed leadership and agility without sacrificing accountability.

5 New Guardrails for Today’s Project Leaders

1. Value Over Output: PMI’s 2023 Global Megatrends shows organizations that prioritize value over delivery metrics achieve a 42% higher rate of strategic goals. Teams that connect features to customer outcomes develop deeper alignment with mission and increase stakeholder confidence. These leaders define value-centric KPIs rather than milestone attainment.
2. Ethics Over Expediency: Edelman’s 2024 Trust Barometer indicates 71% of employees expect their companies to take a public stand on ethical issues, expect their leaders to anticipate unintended consequences, and apply ethical analysis into key decisions. Ethically governed projects report 30% fewer incidents of rework and stakeholder backlash (MIT Sloan Management Review, 2023). Empowered teams build a culture of integrity and long-term resilience. These leaders add ethical risk as part of project risk registers, ethical checklists and stakeholder impact maps.
3. Psychological Safety Over Hierarchical Control: Harvard Business School’s Amy Edmondson shares teams with high psychological safety are 27% more effective in cross-functional collaboration while enabling openness, faster error detection, and greater innovation. Projects with psychologically safe environments complete 18% faster and report 35% greater team engagement (Google’s Project Aristotle). Team members are more likely to raise early red flags and offer solutions without fear of reprisal. These leaders model curiosity, not criticism. Shifting to questions such as “What can we learn?” versus “Who’s accountable?”
4. Agility Over Certainty: Only 16% of organizations report that traditional planning methods are effective in today’s fast-paced environment (PMI, 2024). Agile projects are 2.5 times more likely to succeed than waterfall counterparts in dynamic sectors like tech, finance and healthcare (Standish Group CHAOS Report, 2023). Teams working in short feedback loops are more responsive to customer needs and regulatory changes, resulting in better user adoption. These leaders use rolling-wave planning and commit to decision-making during sprint steering reviews.
5. Stakeholder Integration Over Stakeholder Management: The modern stakeholder is no longer a passive recipient but an active participant. Projects that actively engage stakeholders experience 29% fewer change requests and 41% greater satisfaction scores (IBM Business Value Institute, 2023). When stakeholders are engaged early, then resistance turns into advocacy. These leaders manage stakeholders by listening and integrating their inputs. Use stakeholder empathy interviews and involve them in prototype testing or solution design.

Making Guardrails Operational
Putting these principles into action requires a shift in mindset and structure. Here are five ways to support your practice:

1. Formalize guardrails. Document in project charters and playbooks the team norms, governance models, and onboarding practices.
2. Measure guardrails. Use KPIs like Net Promoter Score, stakeholder sentiment, innovation speed, and compliance metrics.
3. Empower coaches and champions. Appoint internal coaches or culture champions to reinforce these behaviors during stand-ups, reviews, and retrospectives.
4. Build guardrails into decision trees. Create frameworks where teams can operate with autonomy while escalating only when critical guardrails are approached.
5. Conduct quarterly guardrail health checks. Conduct quarterly “guardrail health checks” to audit, reflect and adapt. Use team surveys and external facilitators to refine policies and culture.

Conclusion
Now more than ever, project success requires leaders who can lead with precision and principle. This requires one to balance execution with empathy, speed with substance, and strategy with stewardship. The new project guardrails of value, ethics, safety, agility and integration do not constrain; rather they are cultural enablers that empower high-performance delivery within purpose-driven boundaries. These guardrails provide structure for leaders where trust replaces control, adaptability replaces rigidity, and purpose becomes the new metric of success.

What actions will you take to ensure guardrails turn from control to catalysis?

References

1. Pulse of the Profession: The Future of Project Work, PMI (2024)
2. Unlocking the Power of Agile Governance, McKinsey & Company (2023)
3. Creating a Culture of Psychological Safety, Harvard Business Review (2023)
4. CHAOS Report: Project Success Rates, Standish Group (2023)
5. The Stakeholder Experience Advantage; IBM Business Value Institute (2023)
6. Trust Barometer: Expectations of Ethical Leadership, Edelman (2024)
7. Ethical Decision-Making in Fast-Paced Projects, MIT Sloan (2023)

by Wanda Curlee

Saying COVID has changed the way we do business is an understatement. Some companies accelerated their projects, pivoting to quickly to support clientele. Others had to overhaul processes because of virtual or hybrid working environments. One thing was certain: Standing idle in the face of uncertainty was not an option—and that has translated to big changes to how portfolios are managed.

Some projects or programs may have to be canceled or moved in the sequence or scope deleted. Any of these in a typical environment may be useful—but during COVID, that could be the end of a company or cause a severe financial burden. When projects and programs remain unfinished, the company’s goals aren’t met. Not meeting the company’s strategic objectives may mean the company gets beat in the marketplace or that they don’t have a new product to introduce or that they can’t meet an internal need. And the list goes on.

         Restaurants, service companies, construction companies and many others impacted by COVID had to move quickly. Leadership and portfolio managers had to shift with the changing economy. Those that pivoted with intent by thinking of alternate ways to move the company had a better chance of surviving. Within the restaurant sector, some establishments leaned into personal catering more, for example, while others sold off their meats and vegetables along with seasonings to locals as family dinner kits.

         Some portfolios went into overdrive to meet demands. The ones that come to mind in the U.S. are large retailers, supermarkets and fast-food companies. They were all considered essential. However, they also had to pivot. They designated shopping times for the elderly and those with medical conditions, for example. And many large retailers rolled out a variety of options for customers to get their merchandise: same-day delivery, curbside pickup and parking lot deliveries.

Leaders in many companies believe the world will go back to business as usual after getting to herd immunity via the vaccine. While I expect a sense of normalcy to emerge at some point, I don’t believe we’ll ever return to where we were before the pandemic. Even as the business landscape stabilizes, portfolios will still have to pivot quickly. It may not be a pandemic, but there could be a shift in the economy, politics or industry. Now more than ever, you must document the successes and failures within your portfolio—and use the information the next time you need to pivot.

What are some lessons learned you’ve gathered about managing a portfolio amid such uncertainty?

by Wanda Curlee

I recently came across an article by consultant Melanie Nelson about project management and situational awareness. In the article, Nelson argues that project managers need to be more than just technically savvy.

They must also be able to see the bigger picture and understand the context they are working in—including industry culture, employee pain points and the other projects and business goals competing for attention in the company. They must hone their situational awareness.

Situational awareness is the ability to understand what is happening around you, why it is happening and what you need to do or not do in reaction. Some call this a soft skill, but I believe it goes further than that.

As rookie project managers, we learn about which processes and procedures are done in what order. However, project managers with situational awareness may question, for example, whether or not all steps in the process need to be completed, what processes must be changed to accommodate the needs of the organization or even if the correct methodology is being used.

For a software project, that could mean questioning if agile or waterfall is the best approach or if lean should be used instead. To paraphrase Nelson, she loves Kanban but she knows that it is not appropriate for all projects.

Situational awareness is a skill beyond understanding earned value management, creating status reports, or managing conference calls and client meetings.

It is about asking, for example, in those client meetings questions such as:

Do you have the attention of the client? Are the right people in the conference room? If not, why not? What will you do about it?

It is not easy and takes a lot of practice.

Do you have the situational awareness needed for your project?