How to Prioritize Your Company’s Projects
| Business priorities can change depending on the paced that the industry is in. Now that the year is almost coming to an end your organization should have a list of projects that it wants or needs to undertake.
But how do you prioritize if everyone saying that their project is important and needs to be done?
There has to be a Laser Focus on what projects are important to the business. Meaning all have to agree on number one - numero uno - project and the next ones after it.
Some of the pitfalls a business could face: Having no clear view of the status of the projects or even the anticipated benefits. Lack of due diligence in updating the status of the projects. Projects being driven by resource's availability instead of project's strategy alignment to the business goals. Resources are available for the projects - let the project roll. Not enough resources - the project is put on a back burner, together with the business.
Business has to not only priorities projects at a strategic level but at an operational level as well. Not doing so can mean the difference between success and failure for the business.
I have over 20 years of experience in prioritizing, selecting, and managing projects. In that time, I have developed a simple framework that I call "Laser Focus." Main points of Laser Focus: Goal: What is the goal that the organization is pursuing? What is the vision statement for supporting this goal? Triple Constraint: Scope, Cost, and Time. And in the middle of the Triple Constraint sits Quality. Operational and Strategic Project List: What is the business's immediate and long-term projects? People: Without people there is no business. Do you have the right set of people to accomplish the projects? Do you have a plan to make sure that your people have the necessary skill set and a chance to grow new ones? Do you have a succession plan to take someone’s place when they are promoted or leaves the company? Do you have a moving up the ladder plan?
Communication is the key. Executive team needs to clearly spell out what its business purpose is, and its business's values and goals are. Executive team needs to communicate how the projects that the business undertakes gets organization closer to its goal. Departmental heads need to instill in their teams the correlation of the value of how each of the teammate’s accomplishments in a the project brings the organization closer in realizing its business purpose.
By applying the Laser Focus executives are able to better handle priorities changes. And, if communicated properly they'll be able to manage projects successfully and lead their organization into prosperous future. |
Country Opportunity and Company Project Compensation
Categories:
Organizational Management
Categories: Organizational Management
| Last week was not only the celebration of 4th of July. It was also my work anniversary. I am blessed to come to America as a refugee when I was a little boy with two small suitcases. And to be propelled to the pinnacle of my profession. The companies that know the true value of it’s employees pay the right price to them. Companies that don’t. Well, the employees leave for better opportunities. Sure – company’s culture, your boss’s management style – whether they micro manage you, health benefits and stock options also play a role in whether you stay with the company or not.
I want to know in the in what country you live and what are the opportunities available to you. And how the company compensates you on the projects that you are on. |
The Meaning of Life
| As we come closer to the Memorial Day in honoring and mourning the military personnel who have died in military duties while in service of the United States Armed Forces. For which this holiday was first observed on May 30 1868. One has to reflect on the meaning of life. The meaning of life is to find your gift. The purpose of life is to give it away. This statement is often attributed to the famed playwright William Shakespeare or the influential painter Pablo Picasso. As you reflect on the meaning of life. Take a moment to reflect on how’s the work that you are performing affects yours or someone else’s life. For me right now, at this moment, is working on enabling normal lives for patients with autoimmune diseases.
How is the work that you are performing brings meaning to yours or someone else’s life?
#Themeaningoflife |
Happy Mother’s Day!
Categories:
Celebration
Categories: Celebration
| Celebrations of mothers and motherhood goes back to the ancient Greeks and Romans. One would think it should have been celebrated even further. In the US the Mother’s Day became an official holiday in May 9, 1914. While other countries celebrate Mother’s Day on different day. During this day the phone traffic around the world spikes more than any other day, only few counties are an exception. Guess those countries have the children nearby to tell how much they love their mothers in person.
To all the mothers – we would not be here without you. Happy Mother’s Day!
#MothersDay |
Today is Earth Day! Do your part!
| Today is Earth Day!
Earth Day is an annual event held on April 22 to demonstrate support for environmental protection.
How do you support it? Do you Drive or Walk to the Earth Day meeting? Do you Wash your porcelain plates or use Paper plates and Recycle them recycle? Do you support it because its cool to do it? Or do you support it because it is the right thing to do?
We only have one Earth. So, treat it right.
#EarthDay |





