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Category: Project Manager (PM)

Project Economy, Project Manager (PM)

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.

Project Economy, Project Manager (PM)

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.

Project Economy, Project Manager (PM)

Project Manager is a Profession 

Project Management is a profession with a great future, but it must adapt to our times. Stakeholders expect the project to meet the business goals and deliver value. They don’t want us adding bureaucracy, wasting our time on paperwork, or even worse, wasting their time or team members time in meetings we should avoid. They need to know how the project is doing real time, just by getting evidence on 8 performance domains. Above all, they want the project to be predictable and to avoid crisis.

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