Month: September 2019

Building Blocks of a Successful Project Part 3 – Executive Commitment

Professor of Project Management Project Initiation

Initiation

If your company actively manages its Project Portfolio, then this building block should already be in place. However, many companies begin new projects without any consideration of the impacts to projects already in progress or in the “pending” queue. This is the single biggest root cause to the Project Manager’s #1 headache: resource contention.

Before projects can begin, you should have satisfactory answers to the following questions:

  1. Are any existing projects competing for the same resources?
  2. If so, do these resources have the availability required for the new project?
  3. Where does this new project rank in the corporate priority?
  4. Is there a process in place to prevent the next new project from interfering with this one?

The answers to the above will tell you if you have Executive commitment for your project. Without it you will every day be at risk of losing key resources and jeopardizing your schedule.

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Building Blocks of a Successful Project Part 2 – Business Objectives

Professor of Project Management Project Initiation ,

Initiation

There are  certain fundamentals that need to be in place to increase the probability of project success. The second of these is to have well-defined Business Objectives. These should be established as part of the original Business Case for the project. It is surprising how many times I have seen these absent from an initiative.

Business Objectives are the “CEO’s view” of the project. They should make or save money, take advantage of opportunity, respond to new law and regulations, or increase competitive advantage. They should be specific and measurable to avoid what I call “Mom and apple pie” objectives like “We will be more efficient”. Really? Exactly how efficient? Will we be able to cut costs or deploy those efficiency savings to revenue opportunities?

I will go into more detail on this topic when I address the Project Charter. Suffice to say for now that the main reason for having solid Business Objectives as a building block for project success is that it guides all decision making on a project. Whether you realize it or not, all of the project team members are decision makers, typically making many micro-decisions every day. The Business Objectives act as the beacon of light for these decisions. Any decision that will reduce or modify the impact of the Business Objectives must be escalated to the Project Sponsor.

Building Blocks of a Successful Project Part 1 – Business Sponsorship

Professor of Project Management Project Initiation

Initiation

The “Building Blocks” series of posts will help you identify key prerequisites that must be in place before you begin your project. Whether you are the Project Manager from the start of the project, or taking over someone else’s already started project, make sure these Critical Success Factors are in place.

There are certain fundamentals that need to be in place to increase the probability of project success. The first of these is to have an active and committed Business Sponsor. The Business Sponsor is the person (or persons) who initiated the project and authored the Business Case. The primary roles of the Business Sponsor are to provide funding, help clear obstacles to success, provide resources and make key decisions.

It is surprising how many projects (IT projects especially) proceed without this key building block. The thinking is that the merit of the project itself will drive it to successful conclusion. This is a huge mistake. Projects like this will typically encounter a lack of cooperation from the business units as their priorities do not match the priorities of those driving the project. It is OK for IT to get the ball rolling, but before the project is officially approved, the Business Sponsor must be identified and take ownership.

The Business Sponsor will play a key role in your Organizational Change Management Plan. Their responsibilities will include:

  • Being the “Face” of the project communicating directly with employees and management
  • Participating actively and visibly throughout the project
  • Building a coalition of sponsorship and manage resistance – identify other Executives who will Champion the change

Decision Making Process Part 6 – Summary

Professor of Project Management General

In the preceding series of posts, I presented a process I use for making key decisions. Now I will present a brief summary of those posts.

  • We struggle with some decisions because…
    • There are too many choices
    • The apparent choices are all bad
    • The apparent choices seem all equally good
    • Loss Aversion – we fear risking something we have for something we want
    • Fear of being wrong
    • Fear of being criticized
  • Poor decision making process results in…
    • Regret
    • Unintended consequences
  • Good decision making process will…
    • Eliminate decision paralysis
    • Reduce stress
    • Keep you moving forward
    • Eliminate regret
    • Look at decisions as a “portfolio” instead of isolated events
  • The process in 8 steps…
    • Begin with the end in mind – know your desired outcomes and how you will measure success
    • Analyze your alternatives – there may be more than you think!
    • Identify and mitigate risks
    • Distance yourself from short-term emotion
    • Create contingency plans
    • Make the decision
    • Evaluate the outcomes
    • Evaluate the process

Try using the process on your next key decision. Tweak it as needed for your specific circumstances. Leave some comments on this post as to what worked and what didn’t.