Sunday, 27 November 2011

Taking a big picture look at business strategy

Having an effective business strategy is tantamount for a successful project. Taking a holistic approach to business strategy could make or break a project you're managing.

PM-Partners Group is dedicated to developing well devised business strategies and analysing how these can improve project management results. Through our project management research into business strategy we have devised a range of courses to improve business stragety- to elegantly define your overall vision and sculpting each of your project within those parameters.

PM-Partners has developed courses to boost your business analysis skills

After completing these project management courses with PM-Partners, you will have a range of business strategy tools to draw upon.

  • Defined boundaries for projects leading to refined outcomes
  • Effectively map and analyse your business process
  • Analyse information from high to detailed levels

Business strategy is about developing and implementing a fine tuned solution for your company. Sustainable success relies upon each resolution being based on precise, valid and complete requirements to fully address the issue or opportunity.

Research has shown that not defining project requirements is a standard reason why projects fail. So it's important to be able to comprehensively understand how to effectively analyse your business and translate that information into effective business strategy parameters- such as scope, business drivers, and business needs.

By creating an iron proof business strategy, your staff are guided by not only a project framework, but also a bird’s eye view of where your business is headed. By creating a crystal clear statement of requirements you are able to effectively lead your team towards successful outcomes.

Monday, 14 November 2011

Uncovering the Business Value of Enterprise Project & Portfolio Management

If you’re a CEO or General Manager you need visibility over your business in order to make decisions and prioritise projects. Chances are your business has multiple projects on the go. But how do you get a top level view on cost control, use of resources and performance of the various projects across your business?

Introducing Enterprise Project & Portfolio Management

Project management tools have been available for many years and most enable project planning from the bottom up. In other words, the project manager enters in costs, resources etc and the software helps him/her to keep track of the project. To date, few systems have focused on portfolio management that give businesses visibility over all the projects from the top down. PPM (Portfolio Project Management) systems help highlight issues such as escalating costs, squandered resources and conflicting priorities so they can be addressed.

Benefits of Enterprise Project & Portfolio Management Systems:

  • Improve resource scheduling
  • Optimise project and resource prioritisation and selection
  • Gain visibility through project dashboards
  • Improved resource utilisation and modelling
  • Resource capacity planning simplified and traceable
  • Faster and simpler time and cost capture
  • Can be provided online (no infrastructure) or on premises

Helping you find right project & portfolio management solution

The PM-Partners group have become implementation partners for two leading Enterprise Project & Portfolio Management software providers so we can facilitate the deployment of EPM to our customers. As project management consultants, our focus is on helping you work out the best solution according to your level of project management maturity and the complexity of your project portfolio.  If this means deploying a high level framework to get started we have a great solution, alternatively if an EPM system is required, we now have three options available:

Planview is a sophisticated market leading solution used worldwide by leading organisations, ideal for enterprise, multiple or complex project portfolio environments. Rated as a leading visionary in the Gartner Magic Quadrant for Enterprise Portfolio Management.

iPlanWare is simple to use, fast to set up system, based on cloud computing, so there’s no investment in software or ongoing IT maintenance issues. It is a pre-configured, out of the box solution; easy to set up and easy to use. Value is delivered quickly because of time saved in setting up bespoke systems in-house.

Virtual PMO is a packaged solution for organisations that do not have a project management methodology, portfolio management methodology or both.  It contains all the tools, templates, process flows and guidelines packaged within a simple to use EPM system.  We can provide the Virtual PMO out of the box for you to implement following brief training, implement for you to operate or as part of a managed service for a monthly fee.

Applying ‘Intelligence’ to Projects

Approximately two-thirds (66%) of all projects surveyed over the past decade have failed or were challenged. Most troublesome were larger projects. Only 19% of large- projects costing US$750,000 to US$3 million were successful in 2009 (The Standish Group 2009).

The major causes of project failure are well documented.  The causes highest on the list are not process related, as maybe expected, but are directly driven by the people dynamics of the project.  PM-Partners group refers to this as the "art" and "science" of project management. Most organisations invest heavily in the "science" of project management (e.g. systems, methodology and performance management) but neglect the "art" of stakeholder management, team engagement and communication. The ability of a project manager to build a team that addresses both the art and science of project management will substantially improve the success rate of projects for an organisation.

Top 3 Causes of Poor Performance*

  • Lack of User Involvement - 15.9%
  • Lack of Executive Support - 12.8%
  • Lack of User Input - 12.3%

Valuing Diversity

Emerging science indicates that there are four intelligence groups that need to be harnessed within a successful project team.

As with many other aspects of life, people have different ways of approaching a challenge such as the delivery of a project.  Some people will be successful at the art, and others will excel at the science. A person's experience, natural inclinations, education and influences will determine which intelligence they have developed.  

 

Emotional Intelligence (EQ)

Emotional Intelligence encapsulates the soft skills required to effectively engage people.  Within the project management context these people are most adept  when engaging with stakeholders.  People with high "EQ" are able to take a very considered approach to their communication and interaction with others.  They understand the logic surrounding what needs to be achieved, they can put themselves into the shoes of others and use well-honed communication skills to bring about a positive response.  Contrary to popular understanding having good "people" skills doesn't mean you're always placating people.  Instead, having high EQ means you also know when to stand firm and how to crack the whip when appropriate.

Management Intelligence (MQ)

People with high management intelligence are masters of managing the interface between the project and the organisation.  They have a "head" for organisational structure and are able to translate organisational goals and needs into project outcomes.  They understand how to work the system to secure resources for the project.  They know when to engage in politics and when to avoid it.

Process Intelligence

Vital to all projects is effective methodology; finding the balance between control and flexibility, enabling people to efficiently and effectively complete tasks.  People with high process intelligence know how to strike that balance.  They know how to create trusted processes that give people clear direction and confidence.

Conflict Intelligence

In the project management context, conflict intelligence isn't so much about sorting out problems between people but rather having the smarts to effectively manage competing solutions.  Often there is more than one way to complete a task or achieve an outcome.  A person with high conflict intelligence can work through the benefits of each solution, assess relevance, impact and requirements and then recommend the optimum path.

Optimising Your Project Team

Whether you have the opportunity to build a team from scratch or have inherited an existing team, there are some fundamental steps you can take to optimise the performance of your team.

The first principle to keep top of mind is that you want all four intelligence groups to be covered by your team.  The absence of any of the groups will contribute to project failure. If there are any significant gaps in the team then you need to consider ways of bridging that gap, either through recruitment or skills development.  

1. Capability Assessments

Conduct an assessment of each team member using proven psychological profiling tools such as Bar-On EQi  to identify each person's strengths.  Build people's roles within the team to play to their strengths. If you are recruiting new members, assess gaps within the existing team and use your recruitment strategy to address those shortfalls.

2. Competency Training and Mentoring

No team or person is perfect.  In most instances new skills will need to be developed.  There are a variety of formalised training courses available that address each of the required skills areas.   It is important to note, from our experience, that training delivers only part of the desired outcome.  If you are managing a complex or important project we strongly recommend combining training with on-the-job mentoring by experienced project managers with the skill sets you would like to replicate.

3. Health Checks

Project health checks can be conducted at the start, during or at the end of a project.  Health checks are an easy, unobtrusive spot check on how the team is performing in practice.  Health checks will provide you with valuable insights enabling you to fine-tune team performance.

Unexplained Death In Public Hospital – Steps You Must Take For Help!

In a finding of the Coroner’s Court in New South Wales into the unexplained death of a 16 year old girl while in a Public Hospital the Deputy State Coroner highlighted the current problems in the hospital system and said:

As the Deputy State Coroner for the past six years I have regrettably resided over many inquests involving deaths in hospital. In many of those cases one error or omission, sometimes a serious one, led to death.

If a loved one has died while in hospital and the death is unexplained, then you need to act quickly to ensure that you get the answers you need on the reason for the death. Unexplained deaths in public hospitals, can be a result of understaffed hospitals, inexperienced staff and poor communication, record keeping and management. If the actions or omissions of the medical staff and the hospital management have resulted in the death of your loved one, then you need to follow all avenues to ensure that this death does not go unnoticed or unrecognised.

At Schreuder Partners our expert personal injury lawyers have acted for people who have lost loved ones in an unexplained death in a public hospital. Following investigations and the appropriate legal avenues, these unexplained deaths have been found to be the result of error on part of the hospital. We understand the investigations that need to take place, the way public hospitals work and we use this knowledge to help families and friends who have lost a loved one in the public health system, to understand the reason for the death and to obtain compensation for their devastating loss.

Our expert personal injury lawyers will explain to you how a Coronial Inquest works, where a Coroner considers the evidence to determine the medical cause of the death. We will also explain the avenues for compensation for the death of your loved one and what this compensation may include.

It is extremely important to speak to a lawyer as soon as possible after the death of your loved one, in an unexplained public hospital death, to ensure that all the evidence needed to show the death, was the fault of the hospital and for information to be gathered.

Applying ‘Intelligence’ to Projects

Approximately two-thirds (66%) of all projects surveyed over the past decade have failed or were challenged. Most troublesome were larger projects. Only 19% of large- projects costing US$750,000 to US$3 million were successful in 2009 (The Standish Group 2009).

The major causes of project failure are well documented.  The causes highest on the list are not process related, as maybe expected, but are directly driven by the people dynamics of the project.  PM-Partners group refers to this as the "art" and "science" of project management. Most organisations invest heavily in the "science" of project management (e.g. systems, methodology and performance management) but neglect the "art" of stakeholder management, team engagement and communication. The ability of a project manager to build a team that addresses both the art and science of project management will substantially improve the success rate of projects for an organisation.

Top 3 Causes of Poor Performance*

  • Lack of User Involvement - 15.9%
  • Lack of Executive Support - 12.8%
  • Lack of User Input - 12.3%

Valuing Diversity

Emerging science indicates that there are four intelligence groups that need to be harnessed within a successful project team.

As with many other aspects of life, people have different ways of approaching a challenge such as the delivery of a project.  Some people will be successful at the art, and others will excel at the science. A person's experience, natural inclinations, education and influences will determine which intelligence they have developed.  

 

Emotional Intelligence (EQ)

Emotional Intelligence encapsulates the soft skills required to effectively engage people.  Within the project management context these people are most adept  when engaging with stakeholders.  People with high "EQ" are able to take a very considered approach to their communication and interaction with others.  They understand the logic surrounding what needs to be achieved, they can put themselves into the shoes of others and use well-honed communication skills to bring about a positive response.  Contrary to popular understanding having good "people" skills doesn't mean you're always placating people.  Instead, having high EQ means you also know when to stand firm and how to crack the whip when appropriate.

Management Intelligence (MQ)

People with high management intelligence are masters of managing the interface between the project and the organisation.  They have a "head" for organisational structure and are able to translate organisational goals and needs into project outcomes.  They understand how to work the system to secure resources for the project.  They know when to engage in politics and when to avoid it.

Process Intelligence

Vital to all projects is effective methodology; finding the balance between control and flexibility, enabling people to efficiently and effectively complete tasks.  People with high process intelligence know how to strike that balance.  They know how to create trusted processes that give people clear direction and confidence.

Conflict Intelligence

In the project management context, conflict intelligence isn't so much about sorting out problems between people but rather having the smarts to effectively manage competing solutions.  Often there is more than one way to complete a task or achieve an outcome.  A person with high conflict intelligence can work through the benefits of each solution, assess relevance, impact and requirements and then recommend the optimum path.

Optimising Your Project Team

Whether you have the opportunity to build a team from scratch or have inherited an existing team, there are some fundamental steps you can take to optimise the performance of your team.

The first principle to keep top of mind is that you want all four intelligence groups to be covered by your team.  The absence of any of the groups will contribute to project failure. If there are any significant gaps in the team then you need to consider ways of bridging that gap, either through recruitment or skills development.  

1. Capability Assessments

Conduct an assessment of each team member using proven psychological profiling tools such as Bar-On EQi  to identify each person's strengths.  Build people's roles within the team to play to their strengths. If you are recruiting new members, assess gaps within the existing team and use your recruitment strategy to address those shortfalls.

2. Competency Training and Mentoring

No team or person is perfect.  In most instances new skills will need to be developed.  There are a variety of formalised training courses available that address each of the required skills areas.   It is important to note, from our experience, that training delivers only part of the desired outcome.  If you are managing a complex or important project we strongly recommend combining training with on-the-job mentoring by experienced project managers with the skill sets you would like to replicate.

3. Health Checks

Project health checks can be conducted at the start, during or at the end of a project.  Health checks are an easy, unobtrusive spot check on how the team is performing in practice.  Health checks will provide you with valuable insights enabling you to fine-tune team performance.

Uncovering the Business Value of Enterprise Project & Portfolio Management

If you’re a CEO or General Manager you need visibility over your business in order to make decisions and prioritise projects. Chances are your business has multiple projects on the go. But how do you get a top level view on cost control, use of resources and performance of the various projects across your business?

Introducing Enterprise Project & Portfolio Management

Project management tools have been available for many years and most enable project planning from the bottom up. In other words, the project manager enters in costs, resources etc and the software helps him/her to keep track of the project. To date, few systems have focused on portfolio management that give businesses visibility over all the projects from the top down. PPM (Portfolio Project Management) systems help highlight issues such as escalating costs, squandered resources and conflicting priorities so they can be addressed.

Benefits of Enterprise Project & Portfolio Management Systems:

  • Improve resource scheduling
  • Optimise project and resource prioritisation and selection
  • Gain visibility through project dashboards
  • Improved resource utilisation and modelling
  • Resource capacity planning simplified and traceable
  • Faster and simpler time and cost capture
  • Can be provided online (no infrastructure) or on premises

Helping you find right project & portfolio management solution

The PM-Partners group have become implementation partners for two leading Enterprise Project & Portfolio Management software providers so we can facilitate the deployment of EPM to our customers. As project management consultants, our focus is on helping you work out the best solution according to your level of project management maturity and the complexity of your project portfolio.  If this means deploying a high level framework to get started we have a great solution, alternatively if an EPM system is required, we now have three options available:

Planview is a sophisticated market leading solution used worldwide by leading organisations, ideal for enterprise, multiple or complex project portfolio environments. Rated as a leading visionary in the Gartner Magic Quadrant for Enterprise Portfolio Management.

iPlanWare is simple to use, fast to set up system, based on cloud computing, so there’s no investment in software or ongoing IT maintenance issues. It is a pre-configured, out of the box solution; easy to set up and easy to use. Value is delivered quickly because of time saved in setting up bespoke systems in-house.

Virtual PMO is a packaged solution for organisations that do not have a project management methodology, portfolio management methodology or both.  It contains all the tools, templates, process flows and guidelines packaged within a simple to use EPM system.  We can provide the Virtual PMO out of the box for you to implement following brief training, implement for you to operate or as part of a managed service for a monthly fee.