hi and hello every one I want to know something how can I be more professional in the business side to achieve balance in the PMI talent triangle for me? in other words what should I do or watch or read or learn to boost this level in my triangle to be more understanding in the business side in projects management? Saving Changes...
This relates to the specific industry or business domain you are in. For example, if you are in construction, you could take some construction engineering-focused courses, read some books about the industry or shadow someone "doing" the hands-on work to learn more about it.
Kiron Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
Hossameldin
looking at the PMP ECO, the business domain lists 4 activities
1. plan and manage project compliance
2. evaluate and deliver project benefits & value (look at benefits management in PgM standard or the PMI benefits realisation practice guide)
3. evaluate and address external business environment (look at tools like PESTLE and SWOT, strategy analysis)
4. support organisational change (look at ADKAR or Kotter, google OCM)
I would add the Business Analyst Practice Guide. Saving Changes...
You could take a look at the course catalog at university business schools and get some ideas of business related learning you find interesting.
My masters program allowed only engineering and business management courses to qualify for credit. I used that to gain valuable knowledge related to PM type work such as cost modeling and financial engineering. Some of it I can actually use as a PM. Some of it gives me a better understanding of what is important in the business management world funding projects.
I'm not saying you should take a bunch of university courses, but it will give you some ideas for learning on your own. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Everything close to a MBA (master of business administration) or if you like to put it in the framework of PMI and documentation you can have available everything close to business analysis. In the last case i recommend the practice guide first and then the specific guide. Long time ago (2010) I was part of an articule published inside PM Network were the PMI explicit said "business analysis means the next step of quality in PM career". Unfortunatelly it seems "the business" of the PMI goes to Agile but I can say you that if you understand and put in practice business analysis way of working you will have end-to-end control about to create solutions to business problems. Beyond the PMI you can consult about BRM role which is a "derivation" from business analisys. Saving Changes...
Andrew SoswaTechnology leader| Leading global financial institutionElk Grove Village, Il, United States
I would separate posts between those that recommend school/classes and work-experience.
You need to gain basic understanding of the concepts - that's where the classes come, but nothing will substitute implementing these learned concepts in real-life.
I believe that learning is continuous cycle of learning and applying new knowledge.
So, from my perspective, if you can, study a lot and jump around between different jobs. Otherwise, you get locked in one school of thought or one organizational PM process. Saving Changes...
Hello
To improve "business acumen" in the industry you work on: pay attention to business news, talk and listen customers, find a mentor, etc. Self-learn through reading and networking with business leaders, formal training in school/classes. Saving Changes...
