Project Management News Digest wk49 2013

NewsDigest

10 Business Benefits of Project Management for SMEs
Paul Naybour explains his view that project management can benefit more than just the traditional big corporates, citing:
  1. Efficient service
  2. Enhanced customer satisfaction
  3. Effective service
  4. Improved team development
  5. Increased standing
  6. Service expansion
  7. Improved flexibility
  8. Improved quality
  9. Enhanced risk management
  10. More client capacity
Take the Gamble out of Project Manager Recruitment
John Williams, founder and lead consultant at ProjExc proposes 8 considerations which together take the gamble out of PM recruitment:
  1. Investment
  2. Don’t compromise
  3. Specification
  4. The role
  5. The person
  6. Pure project management
  7. Induction
  8. Assessment
Project Management to Boom in 2014
With key game-changing trends including collaboration, mobility, unified communications, the cloud and the Internet of everything, companies are compelled to work smarter, and experts see 2014 being the year for effective PM systems.
How Agile and the PMO Can Enrich Each Other’s Existence
Rebecca Leitch explains why she believes Agile and the PMO should be able to look forward to successfully enriching each other’s existence and maximizing their respective value to the enterprise more and more in future.
New PM Coaching and Mentoring Service Launches
PM Answers Club from PM Advisor has launched a unique and extremely cost effective approach to providing much needed coaching and mentoring service for Project Managers whatever their experience.
5 Must Have PM Skills for Every Business Leader
If only all project managers had all 5:
  1. Project planning
  2. Time management
  3. Prioritisation
  4. Soft skills
  5. Ongoing learning
The Marketer’s Alter-Ego: The Project Manager
Raymond Coppinger explains his view as to why marketing and project management go hand-in-hand:
  • The Beauty of the Business Case
  • The Sanctity of Stakeholders
  • The Relevance of Related Projects

Project Management News Digest w46 2013

News Digest

Project Management and the Practice of Law
National Law Review
Peter Demuth, Chair of Mintz Levin’s Corporate & Securities Practice, talks about benefits of project management in the practice of law.

Simplilearn Partners With Udemy to Offer PMP Course

Simplilearn the provider of online training and professional certification courses, announced this week a partnership with Udemy to offer its Project Management Professional (PMP) training courses to all Udemy users. Over a million Udemy users can now enjoy Simplilearn’s flagship PMP course with the same high-level service as is offered by Simplilearn.

PM AnswersPM Answers Club: Affordable Coaching & Mentoring for Project Managers

PM Advisor, together with ProjExc PM Consultants have launched an affordable high quality coaching an mentoring service for project professionals, as part of their PM Answers offering.  The unique service provides a secure, first class learning environment, whilst saving time and money.

PMI and Boston Consulting Group Publish Strategic Initiative Management – The PMO Imperative Paper

PMIPMI’s thought leadership series examines how PMOs can become more strategic, shifting their emphasis from process to value delivery while developing their capabilities accordingly.  The series definitively shows that PMOs support the business by helping prioritise issues, identifying potential problems as they emerge, identifying and managing interdependencies, and communicating the right information at the right time, including reporting progress against targets.

Study on Project Intelligence and the Project Management OfficePMO

Oracle Primavera and The Performance Institute this week released their new study The Rise of Project Intelligence: When Project Management is Just Not Enough to help federal clients surmount the changing priorities and regulations born of a challenging political and economic environment.

Risk, Uncertainty, Project Management and New Shoes
If one thing is certain in life, it is uncertainty. We could all do with some help managing risk and options in our lives and understanding how they keep messing up our projects.
The statistics on project management failure are dismal. Either a project fails or it fails to deliver the value promised. In some instances companies fail as a consequence. One of the biggest factors in project failure is ignoring uncertainty and sticking to a rigid plan that has been rendered redundant by change.
Authors Chris Matts and Olav Maassen have a better idea. What if uncertainty is acknowledged as part of reality? Instead of committing to an option or allocating the best resources early on, surely it’s better to build uncertainty into the process.  In this podcast interview they discuss their graphic novel, Commitment – A Novel About Managing Project Risk which outlines a different approach, one they call “Real Options”.

Outsourced PMO – extra benefits

The obvious benefits of having a PMO are well understood by those who organise and rely on successful projects in larger organisations. Furthermore, less established but focused organisations are also using PMO’s, if not in-house them at least outsourced or virtual.

The more obvious benefits include best practice and up to date processes, well managed tools and consistent reporting and governance.

However there can be more unexpected benefits like informal PM coaching, and the significant value of an extra pair of eyes to spot gaps or overlaps either within planning, reporting, learning or even portfolio management.

The challenge for cost conscious organisations is to demonstrate the return on investment for PMO functionality, but what cost the increased risk of project failure?