Project Management

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Topics: Career Development, Financial Services, Talent Management
How are you challenging your PM's to develop and grow in the new year?
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Tony Vargas Project Portfolio Director| First Financial Bank - Texas Ft. Worth, Tx, USA
I lead a team of high performing project managers for a bank EPMO and I want to continue to find unique and creative ways to challenge them to grow and develop in the new year. We have met completed all components of our three year strategic plan over the past two years and it's time to recalibrate and build a new strategic plan.

Are there any particular industry or departmental BHAGs (Big, hairy audacious goals!) that you have targeted that we may want to consider for this new strategic cycle?

Thank you in advance for your time and consideration!
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Professional Development opportunities is what I encourage all PMs to look for to challenge themselves, stay up to date, and in many cases get ahead of the curve because we live in a rapidly evolving world.
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Kiron Bondale
Community Champion
Mentor| World Class Productivity Inc. Welland, Ontario, Canada
Tony -

I'd suggest reaching out to some of your senior stakeholders to see what they'd like to see done better, quicker, or with higher quality by your team.

You might also consider benchmarking your team's performance against other similar sized financial services companies as that might yield some results.

Finally, go to your PMs and ask them "what is the one thing you'd like to see change which affects your work" and challenge them to help change that!

Kiron
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1 reply by Tony Vargas
Jan 04, 2023 5:38 PM
Tony Vargas
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Excellent advice, Kiron! Thank you for your thoughts on this question. Very helpful!!
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Abolfazl Yousefi Darestani Manager, Quality and Continuous Improvement| Hörmann-TNR Industrial Doors Newmarket, Ontario, Canada
Kiron made valid points.
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Tony Vargas Project Portfolio Director| First Financial Bank - Texas Ft. Worth, Tx, USA
Jan 03, 2023 3:16 PM
Replying to Kiron Bondale
...
Tony -

I'd suggest reaching out to some of your senior stakeholders to see what they'd like to see done better, quicker, or with higher quality by your team.

You might also consider benchmarking your team's performance against other similar sized financial services companies as that might yield some results.

Finally, go to your PMs and ask them "what is the one thing you'd like to see change which affects your work" and challenge them to help change that!

Kiron
Excellent advice, Kiron! Thank you for your thoughts on this question. Very helpful!!
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Your project managers' clients may also have some input into your next goals. Remember: it's not always about doing things cheaper, better or faster. Sometimes you need to do something totally different.
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Nguyen Quang Project Manager| INGENICO Hanoi, Hn, Viet Nam
In my case, it's something like "Learn a new language that serves your work" - this is the number 1 advice I will give my team.

Our PMs will sit down together and talk about short-term plans for the new year and sometimes about long-term. It resulted in some cool suggestions and ideas we can consider implementing, such as adding one step to this workflow to ensure high quality or celebrating a training day about emotional intelligence for all staff.

I believe that open discussion is the key to generating ideas. Quantity is more important than quality this time. Then you can select the top three for improvement.

Please share your story once you've finished it :)
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Thomas Walenta Global Project Economy Expert| self Hackenheim, Germany
In a client situation, we tried to separate goals set and tracked by OKR (which are related to the business) and individual targets you get paid and awarded for (related to team capabilities).

Here we established individual targets about how the individual contributes to team capabilities. It included trainings in technical skills, and also interpersonal skills, but also implementation of lessons learned and in general how other team members perceived that contribution, as seen by behaviours, reactions, transparency, sharing and helping. It also can have an ethical component (trustworthy, honest, caring etc).
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
As @Kiron mentioned as your stakeholders why they found they have to reach you and your team when they have to create a solution. In this case, the product/service/result component of the solution usually is handle by the business analyst role. So, this is the second thing you can consider as an evolution of the project manager role (this was said by the PMI in 2010 for example).
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Latha Thamma reddi Sr Product and Portfolio Management (Automation Innovation)| DXC Technology Mckinney, Tx, USA
Thank You for sharing.

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