Why Project Management Professional Exam Takers Succeed - George Merguerian
Over the past few years Global Business Management Consultants has seen a huge surge in
individuals seeking to attain the PMP® (Project Management Professional) credential that is granted
by the Project Management Institute (PMI.org). As many people are taking advantage of the summer
break and using some of that time to prepare for the exam here are some tips that may help you in
your journey for success.
To read the full article click here:
Can AI cancel “Noise”? By George Merguerian, Senior Partner
I have just finished reading “Noise” a formidable book published in 2021 by authors Daniel
Kahneman (who unfortunately passed away recently) Olivier Sibony and Cass R. Sunstein. The
book discusses thoroughly how biases create flows in human decision-making and therefore
perfectly relevant to stakeholders involved in projects.
What do we mean by biases? Psychologists categorize this as decisions that are made based on instincts rather than rational thinking. The 2011 book “Thinking Fast and Slow” by Kahneman – explains this very well. The main idea of that book is that we have two modes of thought:
"System 1" which is fast, instinctive and emotional and "System 2" which is slower, more
deliberative and logical. This is also a great book that project managers can read to enhance the quality of their work. Project managers deal with and resolve issues, make decisions on choices on a daily basis to facilitate the advancement of their projects.
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At 41,000 feet the warmth from the early morning sun’s rays is non-existent. It has long been a
personal goal of mine to make a skydive from above 30000’, something referred to as a HALO jump (High Altitude Low Opening). It’s 1st July 2023 and I’m about to realize that goal.
Six of us are about to leave the relative warmth of a modified Piper Cheyenne 400LS aircraft: its metal walls; its landing gear; its safe supply of oxygen. The world outside that door is 54 degrees below freezing, and nearly airless. I’m keenly aware of that fact when my personal oxygen bottle is switched on and, as part of the handover effect, it suddenly becomes almost impossible to exhale. We’d been warned about that alarming “HALO waterboard” effect —that it would only last a moment, and that it meant that it was officially time to get out into the big, bright, cold world outside the plane. So I did.
It’s on reflection that I see how my years of project management experience, quite intuitively, helped enormously in facilitating this experience.
Why Project Management – A Short Overview
Introduction & Challenge
Project management is about people, working together in joint participation and synchrony in order to achieve a goal. In 1982, in the landmark book, “In Search of Excellence”, Peters and Waterman observed that our problem is that our fascination with the tools of management frequently obscures our apparent ignorance of “the art”, i.e., management is about people and not tools such as Microsoft Project, Earn Value Management etc. Faced with competitive pressures in an increasingly more global economy, and in rapidly changing and technically challenging environments, companies have no choice but to adopt more flexible strategies and structures to speed improved quality products or services to market and customers.
As a result, projects in the global economy are more complex than ever before. This complexity comes in various forms:
Some forty years later and we’ve seen the development of different types of Project Management techniques such as ‘water-fall’, ‘agile’, ‘stage & gate’, ‘hybrid’, etc.. however at the core the same fundamental challenges that require a consistent method and approach are still required.
Download the full article here
An overview of the following 4 different modes of virtual training delivery.
1. ViLT
2. CBT On Demand Learning
3. Webinars
4. Hybrid
Click here to download the overview.
Strengthening your Project Management Pipeline
Companies with growing businesses know the value of strengthening their project
management “talent” pipeline. The key word here is “talent.
There are three key concepts to remember:
1. Know your inputs.
Develop or use an existing method for testing potential. Many companies make the mistake
of “doubling down” on the performance part of a project manager’s potential without
realizing they should also look at an employee’s potential to lead, learn, and leverage
company assets. You may have project managers who get results on their projects today,
but may not be able to grow into projects with larger scope and scale. Assess everyone
you’re considering promoting. Pay specific attention to project managers who lead projects
in the technical domain. Technically Competent Project Managers dos not suffice in today’s
business environment. Emotional Intelligence also needs to be developed and which makes
a huge difference to the motivation level and hence performance of the team.
“ Emotionally dum” project managers create more problems than solve. The investment to
develop EI is marginal compared to other skills but the will must be there for the project
manager to realise their behaviours and have the will to change.
2. Review your pipeline periodically.
Depending on your business and the frequency with which you require more highly skilled
project managers, gather top executives together to do a talent review. Your top executives
should know your project managers and be engaged in seeking them out and paving the
way for them to grow. If this is difficult to do, that should be your first clue that top
leadership is not connecting project management talent with the success of the business.
This is not a Human Resources activity nor is it a performance appraisal. It’s a business
imperative.
3. Invest in the rising stars.
This is a hard one. In many companies, we want to be “fair.” We hope to give everyone an
equal chance. But think of the way we might manage an investment portfolio. Many times,
we have to set sentiment aside and bet on the winners. We advise you to invest heavily in
those with the most potential to grow your business. If your method for assessing potential
is research-based, reliable, and repeatable, you will see a return on the resources you spend
to select and develop your future superstars. Spend with extreme prejudice.
Now you know how to feed and review your talent pipeline for improving your business,.
You can see that there is a way to allocate precious development resources. One additional
leadership responsibility is to calculate the throughput your business requires. Some
companies know how many project managers they need to develop over how much time. In
other words, how many project managers need to be in the pipeline – how many going in
and coming out. It gives executives a line of sight into how many projects they could or
should take on in their 3-5 year or 10 year strategic plans.
Think about the last time you assigned someone to manage a project.
Did you send them on their mission with your teeth clenched and fingers crossed? Or were
you smiling and nodding because you were confident that person was the best prepared
project manager for the job?
Wouldn’t you like to have the latter experience more often? You can, once your project
management organization has mastered the art of PM development planning.
Here are three tips, derived from GBMC’s years of experience:
1. Experience is the Best Teacher:
There is research that demonstrates learning on the job has the greatest impact. If you just
plan to put your PMs in a classroom, hoping they’ll develop, both the organization and the
PM will be disappointed. Stretch roles and develop-in-place assignments should be the
major components of your PM’s development. While that sounds logical, it’s often difficult
for the organization to gauge which assignments will grow talent, but it is possible to figure
it out.
2. Build Individual Development Plans (IDPs):
Don’t succumb to the “one size fits all” myth. Your PMs have unique development needs,
are in different stages of their learning curve, and have individual preferences for how they
learn. Fill the gap between where they are today and where they need to be tomorrow with
a variety of learning modes and checkpoints suited to their career trajectory, situation, and
ambitions. And remember to include the learner in the planning!
3. Include Coaching In the Mix:
Organizations often overlook the power of learning from others. We learn from good
bosses, bad bosses, other PMs, and subject matter experts. Coach your PMs to learn from
observing others in the roles they aspire to and to seek out experts who have been trained
to coach. There are all kinds of opinions on what good coaching looks like. Keep in mind the
coach doesn’t do the work; they guide learners through dilemmas and tough experiences,
and help them navigate the learning landscape that’s best for them.
The Art of Project Management® is a registered Trademark of The Global Business Management Consultants (www.bmc-global.com).
Now that most of us have physically returned to work, Talent Management executives are revamping and relaunching their training development programs. A revamp should indeed be on the cards as the lockdown demonstrated that “online” learning is a viable option for many types of trainings and is effective if participants are open minded and willing. However, organizers do face challenges. We discuss below some of these.
It is well known that if executives do not use the skill sets that they acquire in a training program the investment made by the company would be a write-off. Timely delivery of a training is important – meaning that the executive who has a need, wants to apply the learnings on the job. Ideally, the training should be followed by coaching to maximise the value of the investment made. The coach would help the executive apply the concepts to his/her working environment.
There are 5 important questions that the organizer should consider:
Assuming the company organizing the training takes care of the above, there are other aspects that need to be considered as well:
Many say work will never be the same as it was pre-pandemic. With many PMs spending more of their week working from home how do you motivate your virtual team?
Screen fatigue! Constant disruptions! Feelings of isolation! We are bombarded by the media about the downside of working from home (WFH) or working remotely on projects. We may also have evidence from our own employees and team members about how difficult it is to stay focused and productive. Your project management (PM) organization probably believes that it is the responsibility of the PM to motivate project team members. We at GBMC whole-heartedly concur. In fact, we have trained hundreds of PMs on that very skill.
Now, it’s time to offer up some suggestions on how you can prepare your PMs to motivate and sustain motivation from afar. Migrate principles of human motivation from the physical office to the virtual world. Some principles remain the same: Most non-supervisory, individual contributors are motivated by:
So, remind your PMs that frequent check-ins and short status meetings are great opportunities to show appreciation and give team members a sense of “being in on things” or at least, not missing out on too much. We might not have opportunities to stop in the hall, socialize at the coffee bar or copier/printer room. Give PMs permission to coach, and perhaps counsel employees who seem to be struggling with personal problems or job anxiety. Provide your PMs with relevant details about the company’s Employee Assistance Program. Encourage PMs to get creative about how they engage their teams – both collectively and as individuals.
Pay attention to WFH ergonomics. By now, we all may have heard the saying that sitting is the new smoking. Give your PMs some training on how to encourage employees to optimize their WFH workstation. Empower them to remind team members to take stretch breaks and quick “mini vacations” during the work day. Make stress reduction ideas available to them. Convince your PMs that caring about team members’ well-being is motivating.
Watch for burn out. The lament of WFH burnout is real. Workers complain of too many meetings, and if your organization is international, meetings when their time zones are out of synch. Since travel is limited, a 5-day visit to a location / site, can turn into several meetings in what might be called “the middle of the night!” Help PMs set aside connection zones and use time swapping so only one set of team members has to get up super early or stay online super late each week. Remind your PMs that it’s OK to have a meeting-free day every once in a while.
Linking Training to Job Satisfaction: One way to reduce PM talent turnover
What’s most frequently on the short list of reasons why employees quit? Lack of opportunities to grow. No matter which study, which expert you consult, this one factor shows up somewhere on the list of reasons why employees abandon their employers.
Sadly, we know intuitively when a talented project manager (PM) leaves, there are direct impacts (productivity, cost and schedule) and indirect ones (reduction in morale, engagement and trust). But do we know the financial impact to the organization? At GBMC we believe that business performance depends on project performance and successful projects depend on talented PMs with high job satisfaction.
Know the reasons PMs are leaving. Along with that data, calculate the average cost of replacing a PM. And here’s the biggest “wake up” data set: How much is at risk if you can only get a warm body as a replacement? This endeavor can be fraught with pitfalls. The data taken from exit interviews is rarely accurate. Find the metrics that matter to your organization and the best way to get actionable data.
Identify which PMs are flight risks.
Someone in the project organization must be on top of which PMs are vulnerable to poaching and whose leaving will have the biggest negative impact on the organization. This is talent risk management. Just like you do for your projects, the project organization should identify and qualify/quantify the risk and put in place your mitigations. Know your high likelihood / high impact PMs and ensure they have career growth opportunities.
Ensure the career development path is established and communicated well. GBMC is betting that lack of career advancement will show up in your top ten reasons—perhaps even your top five. We’ve seen it before. Management claims to have a career path, but employees can’t see it, can’t own it, can’t do it. Word of caution: Training should be treated as an important part of that path, but most definitely not the major portion of it. Great PMs are made through job experience. It’s management’s responsibility to provide larger scope and scale projects that challenge the PM. Put in place (or upgrade) the organizational support structure that coaches and nurtures your talent.
What is the most frequent excuse given for NOT training your project managers (PMs) virtually? Here are a few:
We will concede that if your organization hasn’t kept up with instructional technology, when turbulence hits, it may seem too difficult. Advancements in digital technology may be outpacing your ability to convert existing training programs to new platforms or your ability to design for the virtual world.
No matter if your organization is keeping up, or seems behind the digital curve, here are some tips for training project managers when face-to-face training is not feasible.
Use existing technology. Most organizations have some type of remote meeting technology. Find a tech savvy instructional designer and let them use some creativity to repurpose meeting technology for delivery of awareness and knowledge transfer training. Skill-building training may be difficult, unless the trainer/instructor can use video to observe a learner demonstrate the new skill. Alternatively, skills can be developed if the trainer can examine a deliverable the learner produces. Many polls and studies reveal that lack of training is a major reason for employee flight. Show your PMs you care about keeping them up to date and are willing to invest, even though virtual training may have to start out on a shoestring budget.
Invest in instructional technology. Upskilling your PMs is a bona fide way to improve project performance. Don’t let your PMs repeat the same mistakes on their projects because there’s nothing going on to advance their careers. Try some of these suggestions:
Leverage micro learning. Designing and developing a 5 to 7-minute mini tutorial is low effort and high return. PMs can access a relevant lesson on demand that is focused on one topic only, and available though a good search engine. For awareness training (you want the PMs to recall a few key concepts) podcasts are a good way to engage learners. Gather up a decent microphone and user-friendly recording hardware with audio editing software. Install them in a small room with some sound-proofing, add a knowledgeable expert willing to share, and you have a recipe for fast development of PM training. Be creative with the scope and scale of virtual training.
We’re not recommending you interrupt what your business needs to be doing to weather turbulent times, but GBMC is suggesting that training your PMs virtually can be a modest investment with a good return. You will see benefits in employee retention and satisfaction. Now, more than ever, employees need to know you value their skills and career advancement.
Have you ever funded a successful project that had unintended and undesirable consequences on the organization?
Launched a new product or service that didn’t land well with the customer?
Or designed an improvement to an internal system that employees then resisted using?
GBMC believes it’s critical to manage not only change to the project but also change caused by the project.
Here are three tips for doing so:
Determine the breadth of organizational change – The business case, the project charter, and the project plan must all consider what is required to successfully deliver the expected project objectives and benefits. While it’s important that your projects have efficient processes for change, they also should recognize the need for change within the performing organization, within client or supplier organizations, or even within broader stakeholder groups.
The change may be temporary, while the project is underway, or permanent as a result of the project. Some projects, like organizational change projects, have as their primary objective implementing change into the organization. Others, like a software implementation, may have product installation as their primary objective. However, regardless of the main purpose of the project, be ready to manage organizational change as part of the project scope.
Use established change models – Project teams should take advantage of established models to help guide them to identify, plan for, and manage change to the affected organization(s). Many change models are available to help the project team identify organizational change requirements and navigate the change management process. These include:
– Kurt Lewin’s Change Model (Unfreeze – Change – Refreeze)
– Proci’s ADKAR® Model (Awareness, Desire, Knowledge, Ability, Reinforcement)
– John Kotter’s Eight Stage Change Model
Select the model that ‘fits’ the project and makes sense to the team and other stakeholders.
Align project outcomes with the project executive’s expectations – We should consider the project from a business executive’s perspective because they are one of our most important stakeholders. At the end of the project, what does the executive want and expect to see? …usually a complete, successful change to the business. For example, the executive doesn’t look at a new product development project as just delivering a working product. They want to realize benefits from the working product. For example, the executive probably wants to see:
Looking at the whole value stream gives insight into the degree of change that is necessary if the project is to be successful and therefore helps identify the true scope of a successful project. The example above could easily be rewritten for an internal software project, a bridge construction project, or a new school curriculum development project. But remember, all projects involve people, so all projects will require changes in what people do. Managing organizational change is not a luxury, it is a requirement for project success.
What do you do when your project managers (PMs) discover the carrot and stick isn’t working? Your employees may be saying, “I don’t want to work with that PM. His/her projects are always so____” (fill in an adjective that indicates poor motivation).
When we hear this at GBMC, we suspect it may be something closely related to EI: your PMs are not in touch with what motivates their team members. Although current research indicates that the ability to motivate others is not specifically part of the EI construct, it is a related leadership skill.
So, here are some tips to help your PMs motivate their teams.
Relate self-motivation to motivating teams. When training PMs on how to motivate others, challenge them to look inside themselves first. The EI construct does include self-motivation. Similar to the notion that you have to lead yourself well before you can lead others, we propose that PMs have to know what motivates themselves, first. When asked, PMs usually come up with a list that resembles what the motivational gurus have been telling us for years. So why the disconnect? Self-awareness seems to be the culprit. Help your PMs reflect inward, and then expose them to the latest thinking in team motivation.
Reward PMs who model self-motivation. Here’s how to spot them. They say and do things that demonstrate they are driven to improve and achieve. They know how to create a compelling vision about the goals of the project and build team commitment. They take the initiative to solve problems and remove road blocks for their team. They exude optimism about their project and their team. When adversity hits, they bounce right back.
Pay attention to extrinsic motivators. Use existing people processes like performance evaluations, professional development planning, or talent reviews to identify and put in place those external factors that support or increase the motivation of your workforce. Ensure your PMs are aware of these processes and external motivators, and make it easy and desirable for PMs to take advantage of them.
Leading Virtual Teams: Are your project managers (PMs) equipped to navigate and lead in these turbulent times?
With the arrival of numerous vaccines, most of us recognize that the greatest damper on the global economy will soon be history. By late next year, the world should start to experience what some are calling a “the Roaring 20’s”, a reference to the economic boom of the 1920’s following the first World War. Along with freedom to socialize, shop and travel again in 2021 will come a revival in capital spending and renewed hiring in developed economies. This is welcome relief for everyone. But for project managers, the economic recovery comes with an acute resource threat: key project staff will be looking for greener pastures when things improve, and our projects could quickly become short-handed. Project managers must proactively deal with this threat now.
If we invest some of ourselves in others today, we’ll reap the rewards of a stable and productive workforce in 2021. But how to do this? By reinforcing the vision and leveraging regular, transparent and personal communication to build trust and loyalty.
Reinforce the long-term vision
Acclaimed public speaker, Daniel Pink states that more than ever, people are looking for a sense of autonomy, mastery and purpose to be satisfied in their work. During these times of working from home your team likely has more autonomy than ever. But they also need to be reminded of the vision and purpose for your project and that you are committed to their career development and mastery of their craft.
This is the perfect time for you as a leader to invest in project management training to help them sharpen their skills toward achieving the project’s purpose and objectives.
Transparent and frequent project team communication.
During the first quarter of 2021, uncertainty and separation from colleagues and managers will continue to impact your team’s emotional well-being. They are likely to feel, “out of the loop” – even if they are not. What should a good project manager do?
Go out of your way to brief team members by phone or video calls. This should occur at least weekly to discuss overall project progress, how each is contributing, expectations on team performance and your commitment to helping them succeed. This direct, regular conversation today is an investment in your project’s future because it makes the team feel like they belong.
Regular, personal individual team member communication
The pressures of the pandemic extend beyond the work and into your team members’ families and personal lives. Working from home blurs the line between “work life” and “personal life.” Combined with the erosion of trust last year in political leaders and medical authorities, employees are looking more to their company’s managers for guidance and support-even with personal issues. How you help them manage these personal issues will affect how they manage their work issues.
As project managers, look for ways to initiate one-to-one telephone calls to check in with each member of your core team. Inquire about their emotional well-being and family issues. Empathy and support of these issues during this tough time will send the signal that you are with them for the long term. In turn, this will build personal loyalty that makes them think twice before jumping ship.
We have always advocated that the project manager is a risk manager. With the coming recovery, there is a looming resource risk to be managed. By investing in your people through reinforcement of your commitment to their success and well-being, you are mitigating that risk. You may just be saving your project from a disaster in 2021.
If you would like more information on how to build strong project teams through training and project management consulting services, please contact us at info@bmc-global.com.
The perils of overdue action items! They eat away at your budget and schedule.
Project managers who follow the good practice of tracking and closing action items may find this difficult to do remotely. It takes more effort and it’s harder to engender team-driven accountability without the peer pressure, normally associated with social interactions. It’s even harder if the PM doesn’t have a method for monitoring and controlling action items.
This month, we continue our exploration of virtual project leadership. Here are some tips for identifying, tracking and closing project action items in a virtual world, assuming PMs already use a tracking system for action items.
Closing action items begins with accountability. Improve your PM’s leadership skills in the area of accountability. Very often, action items don’t get closed on time due to a lack of accountability in the team, and this can be traced to how the leader behaves. The team should hear and see the leader model accountability for him/herself and others. When leadership takes ownership for an action item, and admits (without blaming others or circumstances) that it didn’t get done, the PM sets an environment where it’s safe to be transparent about missing deadlines and asking for help. The PM needs to be explicit in holding team members accountable. Ask those who are tardy what support or resource is needed to get an action item closed. Give recognition to those who close on time. Set up an early warning system for those who know they may be late, so they can get help early.
Instill a sense of caring. Teach PMs to ask about team members’ well-being, and in particular, about their work/life experience working remotely. Coach them to ask about their plans, problems and aspirations. For some team members, virtual work is less stressful, less costly and provides more autonomy. For others, it may result in opposite outcomes. In the latter case, find out and help with a remedy if you can. Team members who are shown care, tend to work more effectively with and for their PMs. (Lominger, 2010)1. This can be a boost to closing action items. In most instances, when action items are closed on time—and meet the performance standard—the team is actively involved in project control. Encourage PMs to promote team-based project control through caring.
Teach PMs Effective Virtual Meeting skills. In the virtual world, planning and conducting meetings can be challenging. Ensure your PMs have the basic skills to plan, facilitate and follow up meetings and provide tutorials or coaching on how to succeed leading online meetings. In virtual meetings, some good practices may need to be exaggerated slightly. For example, have all or part of the meeting standing up, use an online timer (visible to everyone) to monitor the agenda timing, or put a walk around break in the middle of the meeting. Consider having two or three short meetings rather than one long one. Keep the action item status visible and dynamic. Promote innovation in good meeting practices so action items are respected.
1 Lominger (2010). For Your Improvement: A Guide for Development and Coaching. Minneapolis: Lominger International: A Korn/Ferry Company.
Iron Sharpens Iron during Virtual Interaction
Isolation has led many to muse that working remotely may become the norm rather than the exception for many organizations. With this comes continual virtual meetings. However, as weeks of isolation turn into months, we are seeing that effective team leadership via the screen is more complex than simply inviting everyone to a virtual meeting. So, what can we draw from our experiences thus far and what can we learn from others to optimize these “virtual interactions” (i.e. allowing others’ experiences to “sharpen us”)?
A March 26 article in The Economist provided insight by interviewing two tech CEOs with long experiences leading distributed workforces. The results highlight changes in how we should interact virtually for maximum effect. Let’s put some of their insights into practice by looking at how good project management techniques lead to better operations management in these times of screen communication.
Michael Pryor, co-founder of Trello (whose workforce is 80% remote) says that virtual communication must be more transparent and explicit than face-to-face interaction, and that documentation is key. Another Tech leader, Nat Friedman, CEO of the open source project company, GitHub, (which arguably is the world’s biggest distributed enterprise, managing millions of online projects) goes further. Friedman says distributed firms favor wordsmiths, not good speakers as traditional firms do, and good writing demands clear thinking and discipline.
Does it seem strange that virtual verbal communication requires better written discipline? It shouldn’t. When interacting virtually, you can’t be an effective communicator with vague, rambling, ad hoc comments. Crisp written communication, like a succinct, well-conceived verbal message is the product of an organized thought process. Here are some tips you can draw from the field of project management to better manage all virtual interactions.
Agendas are golden. The strength of a written agenda, sent ahead of time, sets the scope of the discussion and limits rambling.
Lead with a consultative, coaching approach. Ask leading questions of participants. It sets a tone of openness. A good leader has the Situational Leadership technique of coaching (when appropriate) mastered.
Break meeting issues down into explicit, bite-size chunks―what project managers call “creating a Work Breakdown Structure (WBS).” All participants will benefit from a leader who applies this technique to framing complex issues virtually.
Make action items SMART. After the team discussion, when conclusions and actions are drawn, the discipline of leaving the meeting with SMART tasks (specific, measurable, achievable, realistic and time-bound) captured in written meeting notes makes expectations both transparent and explicit.
Motivate your team virtually. Finally, motivating your team to action online requires the leader to take a genuine interest in the career development of the participants. Explaining how a task assignment can help build a valuable skill set and passing along helpful topical articles you’ve read are two tips that can convey a sense that you care about people in a holistic way, not just as task machines.
How is this different from effective face-to-face interaction? It isn’t. It’s just that with virtual interaction, the bar has been raised. People listening via computer audio pay more attention to the leader’s content than when they relied on in-person visual cues. Transparency and explicitness are now at a premium. Writing things down before and after using techniques from the project management toolbox benefits any leader or manager who wants to optimize their virtual interactions.
If you want to explicitly learn how to sharpen the iron of your virtual leadership skills and those of your team on projects or in operations, GBMC offers proven results in project management training and coaching. One of our participants in a course last week said it all:
“Despite the virtual environment, the training is very interactive allowing participants to ask questions, debate, share experiences and contribute actively. The content is presented in an understandable manner with concrete examples. Great work….”
You probably read the headline of this newsletter and shook your head. GBMC cannot really be recommending an investment in training when the economics for my organization are grim.
Yes. This is an unabashed attempt to convince our readers that investing in your workforce, even in an economic trough, is one of the best ways to prepare your organization for the future. And we always recommend that any investment in your people be aligned with business strategy.
Here are some tips for how to align training with three different strategies for weathering the downturn.
Now comes the harsh reality.
How do we pay for training when the organization’s economics are so poor? Money-saving solutions are readily available: online, on demand, micro learning, royalty-free training, and so on. We all know the real cost is seat time. How do you fund your workforce on an already stressed overhead?
$37 billion per year is wasted on unproductive meetings in the U.S., according to the Small Business Newsroom.
Are your project managers (PMs) good stewards of your meeting money? If not, GBMC recommends the following three tips.
Leading organizations are adaptive in response to increasing complexity and disruptors in their industry. A tailored PMO Framework can be implemented quickly and with low cost. It drives focus and agility through proactive decision making based on an integrated, consistent, data-driven approach. GBMC worked with a publicly traded, multinational cloud-computing and software company that needed to undertake a strategically important transformation project.
The Challenge:
The project’s complexity was driven by the high number of international stakeholders involved and the risk to business continuity of the Inside Sales and Tech Support functions. Key stakeholders included valued sales team employees across multiple countries and regions whose work directly impact the company’s bottom line.
Unlike typical technical, IT and finance functions, sales and marketing team culture is often less structured with lower adoption of project management practices. This business transformation project would require a highly diverse, cross-functional matrixed project team coupled with a consistent integrated approach, underlying structure, and common language for measuring and communicating progress.
The Approach – Measure Benefits and Realize Value in a Sustainable Way:
GBMC was engaged to establish a PMO framework for the geographically dispersed, cross-functional project team. The scalable PMO framework approach provided the foundation for streamlining the flow of project critical information, exception-based reporting and progress tracking against deliverables tied to milestones, and a dashboard for multiple levels of key stakeholder reporting.
Project Dashboard: The heart of the effective PMO framework is a dashboard driven by an exception-based reporting approach, with progress tracked against an agreed plan of deliverables and completion dates linked to key project milestones. The dashboard forms a ‘bridge’ between the high-level view of the project work-streams and milestones created as part of the initial project creation process, and the detailed schedule. This high-level view was adapted to include progress updates from the detailed schedule and utilized by the Steering Committee for monitoring overall performance.
The dashboard was used in two ways, for briefing the team, and as further back-up information for the Steering Committee when dealing with exceptions.
The dashboard was designed to provide an integrated view and communicate both overall project “health” and at the work-stream level to:
The Impact – Measurable Benefits and Realized Value
The timely execution of strategy via the sales transformation initiative directly impacted organizational performance. The investment made in the PMO framework reduced the complexity risk from the large number of international stakeholders (external and internal) and potential disruption in business continuity ultimately contributing to fewer delays.
Key intangible benefits attributed to the tailored PMO framework included:
Key tangible benefits from increased effectiveness (through reduced progress update meeting time and better alignment with jointly accountable stakeholders) included:
Conclusion
The tailored PMO Framework was implemented within two months, had a low administrative burden, and drove focus on what is important. Project execution became more effective by shifting from reactive to proactive behavior and applying an integrated, consistent, data-driven approach.
This timely, actionable information for proactive decision making by the Executive Steering Committee, the Project Manager, and the team ensured alignment with business needs, reduced risks and increased benefits realized.