Competitive factors are now forcing companies to realize that business survival in the new world is predicated upon growth and innovation. Now more than ever it is essential for companies to stay ahead of competitors, new entrants, changing consumer behaviors and market trends. Change is accelerating and we...
“To understand the importance of project management today and in the future, we must recognize that project management today and most likely will continue to be in the future, a critical component of a firms business model because it is the delivery system for long term...
In project management, we often talk about “lagging” and “leading” indicators. Lagging indicators are typically “output” oriented, easy to measure but hard to improve or influence. Leading indicators at the other hand are typically "input" oriented, harder to measure but easier to influence. Let me illustrate this with a simple example....
As a project sponsor, you are ultimately accountable to the organization for the delivery of the business outcomes and benefits. The project team and steering committee exist to help you deliver the outcomes and realize the benefits. You can take a passive role — attending your steering...
Being in the middle of the yearly budgeting process I could not help but think about this quote from former US Vice President Joe Biden. “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” The RGB model developed in the...
Personal Ethics Blg: The Evolution of Ethics. The evolution of ethical thinking from the Ancient Greeks to Post Modernism. WP: Ethics and Leadership. A strong ethical framework is vital for personal success and underpins your ability to lead. Ideally this framework will be supported by the organization's...
Project Management Vs Project Leadership: Function Vs Relationships In today’s fast-paced business world, where if you can’t keep up with the competition you will almost certainly get left behind, a much greater emphasis is being put on the term “leadership”. In fact, it could be argued that...
Leader vs. Manager Is there a difference between a project leader and a project manager? A project manager can be described as the person responsible for directing and coordinating human and material resources, but this definition tends to focus on the administrative aspects of project work....
Why Leadership Is An Essential Part Of Project Management Project management is essential for any business, regardless of size or industry. To be successful, businesses need to be able to plan, organize, and execute projects effectively. This requires strong leadership skills, which include a range of other...
Why Senior Executives Neglect Project Management Business leaders don't recognize the value of project management and that lack of awareness can lead to problems with strategy execution. Introduction I have spent the past 10 years trying to understand why senior executives seem to neither understand project management nor...