what is big challenge for startup organization on adapting PMP principles?
Denathayalan RamasamyChief Technology Officer| Atal Incubation Centre -CIICChennai, Tamilnadu, India
in my experience, if we adapt PMP principles well, we could scale up start-up businesses into multifold, compare to big organizations. Yet what is more challenging in this space? Saving Changes...
Disciplined PM practices will certainly help, but scaling a startup to be a sustainable mid to large-sized company takes a lot more. Making the right portfolio decisions, and having the operational excellence to deliver products and services in an efficient manner will be as critical as the ability to deliver projects right.
Kiron Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
To expand on Kiron's response, growing organizations usually stumble over the processes required to expand revenues and reducing costs--hopefully not both at the same time.
All of a sudden something that could be done by a small team requires larger groups, where communication and collaboration becomes a challenge. Saving Changes...
Kiron and Stephane made valid points. Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
There are many reasons why startups fail, and by far most do, but I did not see a lack of PM practices among them mentioned anywhere.
Talking to investors, they appreciate a vision (which drives dedication), a plan and a realistic assessment and reporting. Yet, the focus on and creation of customers, the value and attractiveness of a product, the attitude to make bold gut decisions is what they cherish more.
Startups are experiments, a good intro book about them is Steve Blank's The Four Steps to the Epiphany. And PM is not among these steps.
Thomas Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Forget about to implement project management standars into a startup (at least formaly) except they need to win in a bid or something like that where it is required. Why? Because the focus of startup is to make money in order to growth. So, my recommendation, is to think about "the pains" the startup is facing or the risk because do not use something related to project management and then put on the table to use it to solve the problems but not too formally (for formaly I mean to follow a process, to create a deliverable, etc etc). I have lot of experience in startup that belongs to different countries with this matter. But just my experience only. Saving Changes...
