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So much for 2011 being the year of recovery. Next year should be much like the last. Some recent developments may impact your success as a CIO. What trends are likely to impact your organization from an IT perspective? What strategies and actions will yield the best outcomes for CIOs and their companies?
There is no single strategy that will progress your career—but there are specific deficiencies that may be holding you back, and insufficient business acumen is one of them. It is a quiet killer for your dreams of advancement. These five tips can help.
You think you can justify that? Some organizations conduct an objective and formal analysis of their project opportunities, appropriately evaluate and prioritize them against objective criteria and make reasoned choices based upon independent assessment. There just aren’t many of them. Here, we’ll explore what does happen, and why. We’ll evaluate some alternatives and considerations in approaching project justification and talk about some of the changes that can lead to organizations making better decisions.
Addressing the problems inherent in opening new hotels, this paper advocates that hotel owners adopt a complete and well-defined project lifecycle overseen by an experienced project manager. The goals and deliverables for the key phases within this extended new hotel project lifecycle are identified and the main benefits of following this approach are explained. The proposed approach helps optimize the return on investment for each new hotel and maximizes positive cash flows from operations.
Why are project managers afraid to stop projects? So often after being assigned to a project, project managers try to run before they walk. This is especially common when the project is already in progress. You can quickly get caught up in the momentum of work and forget to question whether the work is justified. If this is truly the case, shouldn’t more projects be stopped? What if it means losing your job?
When accountability exists in an organization and on a project, there will be a much greater likelihood that the benefits will be fully realized. And by accountability, we mean punishment, right? No, not quite...
The Olympic rings are five intertwined circles that represent the elaborate and complex Games. Similarly, project managers can bring five rings of discipline together to manage very complex projects. Each of these rings builds upon the other--and they give the project manager a taxonomy by which to manage Olympian efforts
The elusive achievement of organizational alignment in corporate America is striking. What is needed is the development of an organizational structure and culture that dynamically self-adjusts and recalibrates to an ever-changing environment.
There is a need for every functional organization to establish a PMO. This will enable these organizations to streamline their project management processes—and allow projects to align with the overall objectives of the organizations.
Want your PMO to survive the current 50% rate of failure? Want the value your PMO delivers to be self-evident? Then align it with the organization’s strategies, goals and objectives--and become an integral part of the planning process.
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"We should be careful to get out of an experience only the wisdom that is in it - and stop there; lest we be like the cat that sits down on a hot stove-lid. She will never sit down on a hot stove-lid again, and that is well; but also she will never sit down on a cold one anymore." - Mark Twain |
