Know the value of your change

The following is an extract from my new book ‘How to get Fired at the C-Level: Why mismanaging change is the biggest risk of all’ in association with my friends at Tailwind Project Solutions – the extracts follow a series of 5 Challenges that I think every organisation should consider, and consider very carefully:

Challenge 4 – Invest in good analysis and good reporting

A great place for your new CPO, newly appointed after completing Challenge 3, to start perhaps is in ‘Project intelligence’.

We will come on to the definition of this term in one moment but to begin we need to clearly differentiate Challenge 1 – Invest in the right portfolio management, which was all about knowing what your true portfolio value is. Challenge 4 is all about correctly understanding the status and the health of that portfolio, and all the projects and programs that make up that portfolio.

This is ‘Project Intelligence’.

There are probably as many definitions of intelligence as there are experts who study it. Simply put, however, intelligence can be described as the ability to learn about, learn from, understand, and interact with one’s environment.

This general ability consists of a number of specific abilities including:

  • Adaptability to a new environment or to changes in the current environment
  • Capacity for knowledge and the ability to acquire it
  • Capacity for reason and abstract thought
  • Ability to comprehend relationships
  • Ability to evaluate and judge
  • Capacity for original and productive thought

Environment in this definition has a wider meaning that includes a person’s immediate surroundings, including the people around him or her. Environment in this case can also be something as small as a family, the workplace, or a perhaps a project team.

A project, as we all know, is a temporary endeavor, having a defined beginning and end (usually constrained by date, but can be by funding or deliverables, undertaken to meet unique goals and objectives, and usually to bring about beneficial change or added value. The temporary nature of projects stands in contrast to business as usual (or operations), which are repetitive, permanent or semi-permanent functional work to produce products or services.

But what if you combine ‘intelligence’ with ‘projects’, what would you achieve? Well a successful project manager certainly needs to address the specific intelligence abilities:

  • Adaptability to a new environment or to changes in the current environment – projects are all about delivering change and the ability to oversee such change requires a great degree of adaptability.
  • Capacity for knowledge and the ability to acquire it – projects also require a continuous learning process to understand the change that is being delivered, the lessons that are there to be learned. The combined knowledge of the core and extended project team offer the best platform for project success.
  • Capacity for reason and abstract thought – logical application through the methods of project management will deliver a degree of likely success, the ability to ‘think outside the box’ and supply beneficial adaptations to process and solutions will deliver the rest.
  • Ability to comprehend relationships – projects are all about people and the relationship of people with other people.
  • Ability to evaluate and judge – such is the essence of project leadership and decision making.
  • Capacity for original and productive thought – problem resolution and the comparative analysis of options is a constant need in good project management.

In all aspects, the project demands the intelligent project manager.

But what else is required to support successful project delivery, not from the individual’s perspective but from the organisation as a whole?

Here we can introduce a new term that refers to these requirements; Project Intelligence.

Project Intelligence (PI) refers to the skills, processes, technologies, applications, metrics and practices used to support successful project delivery from the organisation as a whole.

Common components of Project Intelligence include:

  • Project Management skills, maturity and certification (from project contributor through to senior project (or program) roles)
  • Project Sponsorship skills and maturity
  • Project Methodologies and practices
  • Project Management Information Systems
  • Project (or Program) Management Office (PMO) activities and focus (supportive, directive, controlling)
  • Executive/Management skills, maturity and experience in project delivery
  • Project based organisational maturity
  • Project Support technologies (Resource Management, Skills Database, Scheduling and Time Management, Cost Management etc.)
  • Project Dashboard and Reporting technologies

Project Intelligence aims to support a project based organisations successful project capability.

Whilst we may believe we understand all of these components of PI perhaps we should explore a few of them in some detail.

For example, many organisations have a growing capability in project management skills, this is the next challenge, Challenge 5 – Invest in great project management skills – but many do not specifically train beyond the project management role itself. They don’t develop great project sponsors, going back to Challenge 2 – Invest in non-accidental project sponsors – nor do they train people to undertake objective lessons learned activities either.

Executives in general have acquired project knowledge – well let’s be honest here, it tends to be project experience and usually ‘experience’ of a painful type – but few will come close to understanding the mechanics and skills of being a project leader unless they have been through the ‘project delivery’ world. This is Challenge 3 – Invest in a Chief Projects Officer in part but beyond that, why not consider some form of education – projects for the non-project managers – so that the widest audience can understand why projects are different.

And the deployment of project dashboards is, sadly, often a means to either move swiftly away back to safe operational issues if the dashboard looks ‘green’ or raise a lot of unhelpful noise when the dreaded ‘red’ appears; just when the project needs all the positive help it can get. This is this challenge, of course – Challenge 4 – Invest in good analysis and good reporting.

Project Intelligence is all about having the very best environment to nurture and deliver project success through the needed skills, processes, technologies, applications, metrics and practices.

You organisation deserves the best possible ‘knowledge’ about your change projects and therefore Project Intelligence is what you need.

Here is another thought

I saw something for the very first time the other day, and it was one of those ‘why on earth have I never seen this before it is so obvious…’ moments.

I was reviewing a portfolio dashboard at a software vendor and they, as I have seen many times in the past in many systems, offered me views by project manager, business unit, location, value, phase and so on. But then I asked, and was delighted to see (after a simple sort edit) a view of the portfolio by… yes, you guessed it, by sponsor.

And why not.

Portfolio management should be much more than just a prioritisation of projects and resources exercise. It should be the representation in projects (and programs) of the competitive strategy that will allow business executives to convert their intentions into reality.

So, this is pretty serious stuff then.

All of this is placed in the hands of project managers, and they need to be held to task and held accountable but in the words of Standish ‘The most important person in the project is the executive sponsor. The executive sponsor is ultimately responsible for the success and failure of the project’

To me, these days anyway, for the executive team to be able to view their portfolio also by project sponsor and to see who of these ‘ultimately responsible’ people are performing (and who are not, thereby putting the business strategy at risk) should be a ‘no-brainer’.

When it comes to financial accountability, it seems—at least anecdotally—that projects often go over budget, deliver late, and deliver less than was expected . . . and there are absolutely no significant consequences at sponsor level. No one appears to be accountable and no one gets removed.

Now, if something goes wrong in the ‘real’ side of the business—sales down, profits falling, share price dropping—then it seems like something will be done and someone will be held accountable. Maybe this is because this is seen as ‘real’ business and ‘real’ work and as such has to be taken seriously.

Project sponsorship needs the same strength of focus and importance of status. The success or failure of a project is a direct reflection on the sponsor as the keeper of the organisational vision.

A ‘sponsor’ view of the project portfolio is an absolute key to this in the future I believe, and fits exactly into Challenge 2 – Invest in non-accidental project sponsors and this Challenge 4 – Invest in good analysis and good reporting.

Executives; demand this today!

Tailwind Project Solutions was formed in 2014 to provide a bespoke approach to project leadership development. Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.  The company has a team of world-class experts who provide a bespoke approach to the challenges that our clients have, and the company was formed because of a gap in the market for expertise which truly gets to the heart of the issues clients are facing – providing a robust, expert solution to change the way that companies run their projects.

At the time, the market was becoming flooded with training companies, providing a ‘sheep dip’ approach to project management, and the consensus was that This didn’t solve the real challenges that businesses and individuals are experiencing in this ever-increasing complex world of project management. The vision was to hand-pick and work with the very best consultants, trainers and coaches worldwide so that Tailwind could make a difference to their clients, to sit down with them, understand their pain points, what makes them tick, and what is driving their need for support.

These challenges being raised time and time again are in the project leadership space, from communication issues, not understanding stakeholder requirements or having the confidence to “push back”, lack of sponsorship support, working across different cultures, languages, levels of capability and complexity. We expect more from our project managers – we expect them to inspire, lead teams and be more confident.

Tailwind’s experience is vast, from providing interim resources in the project and programme management space, supporting the recruitment process, experiential workshops, coaching – from project managers through to executives, providing keynote speakers, implementing PPM Academies, PM Healthchecks and Leadership development. The approach is created often uniquely – to solve the real challenges of each of their individual clients.

http://tailwindps.com/

Advertisements

Tags: , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: