Is Project Management right for any company?
This is a world of failed projects costing corporations billions of dollars. It is time for companies to re-focus their attention to more alluring projects and following very strict project management practices. Cutting projects is never a favorable thing, but it is proven less costly than doing the right projects and actually doing it right. Doing projects right may mean that skilled project managers are required. What is also known is that the skill is rare and much harder to find than expected.
So what can you do to ensure better PM success at your company?
From the beginning, identify a portfolio of projects that are key and will add value. The next step here is to apply priority. Be thoughtful of dependencies and resource contentions. Executing proper and professional project management will kick off this process smoothly.
One key role of the project manager is risk management. These are the unknowns and unwanteds. Planning for these requires work plans, tracking, early warning signs and back up planning. Just because there is a skilled project manager here does not mean the project is risk free! They are, however, much better at handling the risk.
Within the project management office there should be a desire for standardization and consistency, However, in reality by definition projects are unique and may require more flexibility in the method.
So how do you obtain these skilled, professional project managers?
They could be in your own organization. They do not need to be a well versed, seasoned project managers, with said title. There are many external options that can be implemented across the organization to develop these desired skills. Bring in the experts, train up your managers and define development plans for interested resources. This is golden for a PMO!
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Interesting food for thought…