Companies are getting “Projectified”
If you run a company selling products or services to your clients, you have to “run the business” (operations management) and “change the business” (project management). Globalization has made companies equally proficient at operations management. Project management can make a difference in beating the competition, expanding into new markets, innovating, growing, etc. Poor project management can hurt companies (Bard case). Excellent project management can boost the stock market value (Microsoft). Top managers do not need to be experts in project management. They can organize projects into Business Units, Programs, and Portfolios and, most importantly, they can trust professionals.
I’m a Project Manager. What’s your job?
Will the Project Manager job end up being a profession recognized by society? If we tell people that we are project managers, will they understand this is a profession like a cook, an accountant, a lawyer, a dentist, etc.? Over 50 years ago, experts agreed a new discipline was needed to turn ideas into reality. Operations management was good to manage the day-to-day business, not to manage the creation of new products, services or results, or any kind of organizational change. Companies beat their competitors thanks to projects: they launch new products or services, open new markets, execute the strategic plan, etc. A project manager is more than just an efficient person who controls the tasks of the project team members.
People Forget Project Management Failures
PMI has published the list with the most influential projects of 2022. The second place went to the James Webb Space Telescope. This project was a management failure because it ended up with an over cost of $8bn, a final delay of 12 years, and it was about to be cancelled in 2011. Fortunately, the launch last December was a complete success. It started sending images in July, and it will continue operation for 5-10 years. When projects are transitioned to operations, and everybody can see the results and the value delivered, people tend to forget the management failures of the project phase. As project professionals, even if we say that a project has been very influential, we have to learn from mistakes to not make them again.
Projects in the Cloud
Most professionals are always connected. Knowledge workers are used to collaborating on objects in the cloud: they alternate their laptop, tablet, or mobile phone, to work concurrently on the same version of the document, spreadsheet, presentation, article, web design, software code, prototype, etc. No need to download, install, send, merging changes, etc. All of them working together on the same version of the truth. In the project economy, it is also time to digitize management, knowledge and interactions between people working on projects, programs, and portfolios.
Is your PMO producing Reports or delivering Value?
Most PMOs are seen as internal cost centers adding bureaucracy to projects. PMPeople helps people collaborate on project management professionally, in the cloud, using different roles. PMOs can distribute many management activities, having more time for anticipating problems and delivering value. With PMPeople, the PMO can grow from being a cost center to lead the company in the Project Economy.
Collaborative Roles on Project Management
In the Project Economy, projects need people collaborating as a team from different perspectives. PMPeople does not prevent direct communication needed at all projects. However, it can optimize management helping the interaction between people belonging to the extended project team.
Startups need Professional Project Management
Startups need good ideas, but they can only succeed if they are good in execution, while turning ideas into reality. This means they need to manage projects professionally, avoiding bureaucracy, value driven, working as self-organizing teams of people collaborating proactively. Thanks to technology available nowadays, these people can access their projects online, use specific professional project management roles.
In the Project Economy, everyone has a voice
In the Project Economy, people can collaborate managing projects professionally, with project status reports, changes, risks, milestones, baselines, etc. PMPeople stands for “people collaborating on project management”. PMPeople is a freemium project portfolio management product. Organizations in the Project Economy can easily go digital with PMPeople. Get your projects professionally managed by people collaborating using different roles.
Organizing the Project Economy
PMPeople provides the technology for organizations to be effective in the Project Economy. In the Project Economy, projects are organized in structures enhancing specialization. On the other hand, people use different roles to collaborate effectively in the management of multiple projects, in various organizations, within different departments, in different portfolios, programs, teams, etc.
Turn ideas into reality
In The Project Economy there are more and more projects and more people collaborating under different roles in one or more teams, business units, programs, portfolios, or organizations. Nowadays, techology enables professional project collaboration among business units within the same organizations, or from different organizations.