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 with PMPeople
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.
Work Packages in the center of Professional Project Management
Work packages are the work defined at the lowest level of the work breakdown structure for which cost and duration are estimated and managed. Work packages are in the center of professional project management.
AI applied to Project Management
Year 2030. PPM tools include AI features. People can talk to a chatbot to initiate new projects, prioritize them, or approve the project set adding the most aggregated value. AI can help on technical tasks related to planning, controlling, knowledge management, etc. AI helps mentoring project managers throughout their professional careers. AI is effective classifying and clustering thousands of projects belonging to business units, programs, and portfolios. AI saves a lot of time generating reports, assuring quality standards, etc. AI can answer questions like: What are the odds this project will finish on time? What is the value of this deliverable? What projects should be re-baselined? What teams should be restructured? What contracts should be canceled?
What is Artificial Intelligence?
As in every area of the economy, digital transformation has disrupted project management. In order to manage projects professionally, we do not need paper documents anymore. We do not need to work from specific locations, neither. Project data, essential for business management in the Project Economy, is growing exponentially. More and more people collaborate on projects, sharing more and more technical and management data, and organizations are executing more and more projects. With so much project management data available, could algorithms manage projects automatically? What will be our role as project management professionals?
A Project Management Toolbox for the Project Economy
Organizations in the project economy can start using good freemium tools today, no investment required upfront. If free features are enough, they can continue free forever, focusing on value rather than technology. Nowadays, a free project management toolbox can meet the needs of most projects.
PM² Artefacts with PMPeople
The PM² Guide describes 33 document templates covering most cases in all kind of projects, not just UE’s ones. Many projects need to follow a strict methodology based on documented evidence. Even for those cases, PMPeople enables people to collaborate first, and document the project later, saving time and fostering project teams productivity.
Email Notifications in PMPeople
PMPeople cand send automatic emails when some project management events are triggered, when the PM wants to notify changes on assignments, and also when tasks are due.