PMPeople Blog
Business, Funding, Project Economy

PMPeople to support NextGenerationEU

Spain has been granted 140,000 million euros from the Recovery Plan for Europe Next Generation EU. Being this help absolutely necessary under the current economic crisis, we should not afford wasting it, as we will do if there are not enough proposals, if grant approvals are late, or if projects are poorly managed and do not meet their final goals. A recent report warned about this risk, given the Spanish track record on effective execution for the available European funds.

“How will Spain do now, with a funding budget four times bigger?”

It is expected that the different administrations –state, autonomic, local– will implement mechanisms to optimize projects governance. It is also expected that the current agenciesEnisa, CDTI, Red.es, etc.– will commit much more resources.

 

Besides, new agencies –public, private, mixed– are to be created.

All these supervising agencies will start improving coordination to make approvals more agile. Later on, they will face the big issue with certifications.

“When a highway is done, for instance, this is easy to check. It is quite more complex, though, checking 5,000 solar panels are installed on individual houses”.

Out of the 140,000 million euros already granted, 54,000 million must be committed to execute before 2024. Assuming an average grant per project of 500,000 euros, could we estimate we need to start managing over 100,000 projects during the next 3 years?

In order to manage this huge complexity, we need to implement two complementary strategies:

The first strategy will enhance the role of the professional project manager, but it will also require changes in organizations to accelerate digital transformation, to use methodologies sanctioned by the EU, and to collaborate in projects from different roles.

On the other hand, the investment on project management technology will increase the use of PPM tools, such as PMPeople. The current state of technology is good enough to meet most of the nonfunctional requirements, such as scalability –thousands users, thousands projects–, security –secure access to documents, recovery backups, etc.–, usability –user experience, impaired people, web+mobile apps, etc.–, integration with other tools, etc.

However, the big challenge to PPM tools is on functional requirements for each group of stakeholders, precisely those requirements related to avoid bureaucracy –documentation, processes, decision communications, email, etc. – and to provide real time project performance monitoring.

Let’s see how PMPeople tool can solve many of these functional requirements:

PMPeople stands for “people collaborating on project management”. Organizations in the Project Economy can easily go digital with PMPeople. Get your projects professionally managed by people collaborating online using different roles.

PMPeople to help Agencies

Any agency can manage thousands of grants in an agile way, from approvals to closing:

PMPeople to help Perceiver Companies

The worst scenario for a company who gets a grant is when the money is spent but goals are not finally achieved. In that case, EU gets the money back, plus interests.

Projects can fail for many reasons, mostly due to poor management.

In order to control the project performance properly, a professional project manager is needed to plan it, produce periodic status reports, close formally each project phase, etc. Project stakeholders should collaborate effectively with the project manager so that informed timely decisions are made to take corrective actions on reliable data accessible on real time.

PMPeople to help Joint Ventures

Another big complexity source will be the inter-project relationships when several companies should join to execute a project. PMPeople can separate management on different projects, belonging to one or many organizations, through the functionality of procurement management.

PMPeople is the tool for the project economy. It is aimed to unify professional project management by these differential points:

Start using PMPeople for free, for unlimited time and for any number of users. In premium organizations, only managers have to pay. Several roles –stakeholders, team members, sponsors and resource managers– are always free. You can increase or decrease your premium seats according to the organization actual needs. Premium organizations have access to our interactive support through Slack. Our servers are located in EU. This software can also be hosted on customer premises.

Read this article in Spanish

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