Posts Tagged ‘project manager’

AI and the Project Manager

October 28, 2021

How the Rise of Artificial Intelligence Will Change Your World

A new book from the author of #1 best-selling book ‘The Lazy Project Manager’

Enabling project managers to adapt to the new technology of artificial intelligence, this first comprehensive book on the topic discusses how AI will reinvent the project world and allow project managers to focus on people.

Studies show that by 2030, 80 percent of project management tasks, such as data collection, reporting, and predictive analysis, will be carried out by AI in a consistent and efficient manner. This book sets out to explore what this will mean for project managers around the world and equips them to embrace this technological advantage for greater project success.

Filled with insights and examples from tech providers and project experts, this book is an invaluable resource for PMO leaders, change executives, project managers, programme managers, and portfolio managers. Anyone who is part of the global community of change and project leadership needs to accept and understand the fast- approaching AI technology, and this book shows how to use it to their advantage.

Available on Amazon world-wide.

www,thelazyprojectmanager.com

How to avoid a Project

November 24, 2017

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 – previous extracts followed a series of 5 Challenges that I think every organisation should consider, and consider very carefully – and now we will look at the 5 tests of control:

The Cycle of Engagement (some also refer to this as the Cycle of Resistance, but that might be considered somewhat cynical) describes some typical stages in a project. Not stages of the project lifecycle you understand but stages of even getting to the project lifecycle, in getting the project started – despite the business case being approved and the project being well and truly ‘in the portfolio’

It goes something along these lines:

Corporate change initiative approved and announced, everyone cheers loudly. Kick off meeting (party) fueled by marketing spend is completed.

A department or team are asked to pick up the project and implement the change in relation to their day to day work.

The cycle commences…

  1. Ignore- Take a project logo’d beanie hat and mouse mat from the program kick off meeting and put on your desk, and then actively ignore the project for as long as humanly possible through non-communication
  2. Avoid – When ignoring the project, no longer works then instead loudly welcome the project initiative and then dodge your department or team being involved through any avoidance tactic you can think of
  3. Argue – When called out on this behaviour start arguing that you really aren’t the best team/department/group to be active at this point in time – if you can get away with pointing the finger at an alternative (and clearly in your opinion, better placed team/department/group to go before you) definitely do that – it may buy you more time
  4. Impact – An extension to the argument step can be that the impact is too much to bear right now and if only you can wait a few weeks/months/years (delete as appropriate) everything will be so much better and you can really focus
  5. Cost – Throw in cost as well if you can – this always gets people’s attention especially if you can challenge the assumptions on the initial business case (and if you can point to another team/department/group better placed i.e. more cost effective i.e. cheaper, to go before you then go for it)
  6. Start – Finally, you will most likely reach a point of acceptance (more than likely as a result of you wanting to keep your job) and the project, the change will finally be undertaken in your department/team etc’ – did out those logos’ goodies and shout ‘hallelujah’ for all to hear
  7. Fast – Then immediately ask a) what is the fastest way to get this done and dusted and b) can you just copy another team/department and make the change – even if it doesn’t really fit your real needs

You see what is happening here – no real commitment or buy-in, only lip service to the change and the value of that change.

Back to that classic isn’t it?

1.           What do we want? ‘Change’ comes the loud reply from all

2.           Who wants change? All hands go up as one

3.           Who wants to change? No hand goes up

Ensuring a successful change, it is necessary to create that clear vision and to make sure people are ‘on board’ with that change.

TAKE THE TEST: If you recognise this behaviour inside your organisation then you definitely have an attitude issue and your organisation needs to do a whole lot of Organisational Change Management[1] (OCM) and generally get out there making people realise that this stuff is important.

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/

[1] Organizational Change Management (OCM) is a framework structured around the changing needs and capabilities of an organization. OCM is used to prepare, adopt and implement fundamental and radical organizational changes, including its culture, policies, procedures and physical environment, as well as employee roles, skills and responsibilities.

July 27, 2017

The following executive sponsorship development methodology has been designed and proven by Peter Taylor – find out more peter.b.taylor@btinternet.com

Critical to any project’s success is having a good project manager. We all know that, but then it is also pretty important to have a good project sponsor: but like the saying goes ‘you can pick your friends but you can’t pick you relatives’. The same might be said of project sponsors.

It has been my experience that the skill profile of project managers continues to grow, and more and more organisations are investing in project managers in a disciplined and mature manner. But the same cannot always be said of project sponsors; many wrongly believe that project sponsor is just a figurehead – never called to actual duty – and for these reasons I concluded some time ago that we are in the age of the ‘accidental project sponsor’.

But how do you effectively go about developing project sponsors inside an organisation? In my book ‘Strategies for Project Sponsorship’ (Management Concepts 2013) I uncovered the reality – 85% of organisations had project sponsors in place, yet 83% of these organisations did nothing to help, train, support, guide, or develop these sponsors, and yet 100% of these same organisations recognised that having a good project sponsor was critical to project success! Go figure!

But the challenge is that these sponsors, these executive leaders, are ‘too cool for school’. And so, I have developed a process, or methodology, that recognises that a different approach is required to raise necessary standards in project sponsorship (see figure above).

Stage 1 Preparation work

Here it is important to collect some background into the current project success rates and issues, and taking comment on the ‘health’ of project sponsorship inside an organisation

Aligning terminology used (for the workshop)

Gathering any sponsorship templates or guidelines in place

Agreeing format/timing/delivery of the workshop

Stage 2 Workshop

Here the key is to take a collective of the executive leadership on a journey of understanding of the importance and value of project sponsorship in general – not to target individuals or to challenge specifics; but only to reach consensus that ‘investment in sponsorship is needed’, and that ‘there is real value in this investment’ for the business

Delivery of the workshop

Summarising output and recommendations

Stage 3 Project Manager Development

Here the key for project managers, whilst the ongoing project sponsorship is happening, is to empower them to work effectively with the sponsors they have right now. Development would include; what role a sponsor should play and what good sponsorship looks like, how to understand the sponsor they have right now and how to work more effectively with them, understanding the role that project managers should play in developing project sponsorship inside their own organisation, and recognising (at a personal level) what is needed to make the transition from project manager to project sponsor.

Stage 4 Sponsor Coaching

Here, once the awareness workshop is completed, then the most productive way I have found to work the existing project sponsors is through one-to-one coaching. Away from the glare of their peers and in privacy of their own offices, many are more open to change and also open to asking for help and guidance of becoming better project sponsors. This allows for a very personal, private, and focused engagement to bring the best possible outcome with regards to sponsorship capability; it also offers the opportunity to identify ‘good sponsors’ and ‘good sponsorship behaviour’ to use as a showcase for others.

Stage 5 Project Manager Surgery

Here there is the realisation that this is not a one-time solution and there will be questions and challenges. To follow up on the project management training regarding sponsorship, the open offer of a ‘surgery’ perhaps one month later, allows the project managers to come back with questions and requests for help with regards to the sponsors they are working with on a day to day basis. This, in turn, contributes to the effectivity of the one-to-one coaching of the same project sponsors with whom the project managers are working with.

Stage 6 – Health Check

Here it is good to take a step back and consider, objectively, the progress that has been made, and what needs further effort of focus and, of course, to celebrate success and progress amongst sponsors and project managers. If there are areas requiring further effort, then make the necessary plans at this stage. But if reasonable improvements are recognisable, now is perhaps a great time to bring the communities together in some way in a combined acknowledgement of joint achievement.

A final part – Future Project Sponsorship Development

The key to all of this is the need for organisations to acknowledge that the projects they sanction are the ones they believe will deliver the business’s strategic objectives. To succeed in these initiatives, then it is logical that they would want these projects to be as low-risk as possible and key, if not critical. Part of this low-risk management strategy is to invest in and support great project sponsors – now and in the future. Therefore, to formalise project sponsorship development can be considered the best possible investment for future change.

Peter Taylor is a PMO expert who has built and led four global PMOs across several industries, and has advised many other organisations in PMO and PM strategy.

He is also the author of the number 1 bestselling project management book ‘The Lazy Project Manager’, along with many other books on project leadership, PMO development, project marketing, project challenges and ‘Strategies for Project Sponsorship’.

In the last 5 years, he has delivered over 250 lectures around the world in over 25 countries and has been described as ‘perhaps the most entertaining and inspiring speaker in the project management world today’.

His mission is to teach as many people as possible that it is achievable to ‘work smarter and not harder’ and to still gain success in the battle of the work/life balance.

More information can be found at www.thelazyprojectmanager.com – and through his free podcasts in iTunes.

Lazy but looking to be Busy

July 7, 2017

“Life? Don’t talk to me about life.”

 So said Marvin from The Hitchhikers Guide to the Galaxy by Douglas Adams

Marvin, more fully known as Marvin the Paranoid Android, is a robot manufactured by the Sirius Cybernetics Corporation. He is equipped with “Genuine People Personalities”  technology which is designed to make him more like a person. Marvin is a severely depressed robot. He’s regularly so depressed that, when he gets bored and talks to other computers, they commit suicide and die.

And life, others say, is what happens to you whilst you are busy making other plans. That is very true in my own very recent experience as I am now back out in the big wide working world seeking new challenges and new opportunities.

 After two and half great years investing heavily in a Global PMO and in project and program management, the company I was working for have done a complete U-Turn and abandoned project management as a primary focus and, as a result, don’t feel the need for a Head of Global PMO. Warning to all you PMO leaders out there, you are never completely safe…

 And so, I speak to my world wide network of friends, peers, colleagues, and social acquaintances to seek any and every opportunity to continue my work in PMOs, project management development, and delivery of change.

 Speaker – Trainer – Workshops – General scaring the hell out of C-level executives – MC – Event host and/or manager, PMO development and re-engineering, and, well, pretty much anything else related to the project world – that’s me.

 Anything I can help you and your company with, anywhere in the world, then please get in touch and get the Lazy Guy back being Busy (and productively lazy) once again.

 Thank you. Peter

 

 

Peter Taylor is a PMO expert who has built and led four global PMOs across several industries, and has advised many other organisations in PMO and PM strategy.

He is also the author of the number 1 bestselling project management book ‘The Lazy Project Manager’, along with many other books on project leadership, PMO development, project marketing, project challenges and executive sponsorship.

In the last 5 years, he has delivered over 250 lectures around the world in over 25 countries and has been described as ‘perhaps the most entertaining and inspiring speaker in the project management world today’.

His mission is to teach as many people as possible that it is achievable to ‘work smarter and not harder’ and to still gain success in the battle of the work/life balance.

More information can be found at www.thelazyprojectmanager.com – and through his free podcasts in iTunes.

How project management can improve your business

June 20, 2017

 

We all know that effective project management is a key contributor to a project’s success. Still, we often forget to think about the bigger consequences that project management can have on the rest of business. Working on your project management skills does a whole lot more than boost your resume, it has serious impact on your business’ bottom line. Now that’s a definite selling point for any potential employer.

Share knowledge across your company

No-one understands who works where and who knows what more than a project manager. With experience managing human resources across your projects, you’re well equipped to help a business build a culture of knowledge sharing. By using project management skills to identify where specific skill and knowledge sets are, you’re well equipped to strategically share your talents’ expertise across the organisation.

Make the most of the resources you have

By being held accountable for resources at every project phase, you become aware of where in your company resources are abundant, and where they are scarce. Project management teaches you to keep track of where human resources are and what they have to offer. You also learn the limitations and possibilities that come with managing a budget – all of which is integral to running a business. You can manage customer expectations when resources are scarce, find ways of improving productivity and reduce business costs by putting the right people in the right places.

Manage time and budget like a pro(ject manager)

Knowing how to manage a budget and keep projects tracking to deadline is one of a project manager’s most valuable skills. Managing the budget and timing for an entire business, however, is something only a project manager at the top of their game can handle. By bringing your expertise to the table, you can use your valuable skills to deliver business insights that other professionals might miss. Project managers run a tight ship, and that’s often the approach businesses need.

Strive for continuous improvement

Project managers learn to continuously improve their processes and find new, more efficient ways of completing tasks. In today’s age of disruption, businesses need this approach on a company-wide level. By implementing new processes on a company-wide level, you can instigate the change that sees profits rise and productivity skyrocket.

However, you can’t just expect everyone to jump on board straight away – and project managers know that. Great stakeholder management skills are crucial when it comes to rolling out any change or improvement in a company. Having experience managing stakeholders across teams and departments is a great card to have in your back pocket when managing a business.

Having a project management approach to managing business is more than just a nice philosophy – it’s common sense. Great project managers are well equipped to shine in the world of business. Improving your skills and applying them at an enterprise level is a sure-fire way to start your path to success.

If you’d like to improve your project manager skills, without having to leave the workforce, consider studying a Master of Project Management online at Southern Cross University Online. Flexible study loads mean that you can strengthen your experience with postgraduate study without putting life on hold.

Project Sponsors are from Venus

June 14, 2017

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 2 – invest in non-accidental project sponsors

‘We are unique individuals with unique experiences’ John Gray, Men Are from Mars, Women Are from Venus

Men Are from Mars, Women Are from Venus is a book written by relationship counsellor John Gray. It has sold more than 50 million copies (a handful more than my own best-selling book The Lazy Project Manager) and spent 121 weeks on the US bestseller list.

The book and its central metaphor have become a part of popular culture and so I found myself, as I thought about my ongoing (since 2011) Campaign for Real Project Sponsors, that maybe we could think of project managers and project sponsors in similar terms.

The book states that most common relationship problems between men and women result from fundamental psychological differences between the sexes. The author exemplifies this through the book’s eponymous metaphor: that men and women are from distinct planets – Mars and Venus respectively – and that each sex is in tune with its own planet’s society and customs, but those of the other are alien to it.

Now it is possible that this comes into play if, say the project manager is a man and the project sponsor is a woman. (I explored this in the book Strategies for Project Sponsorship (Management Concepts Press) with my co-authors Vicki James and Ron Rosenhead, where – at Vicki’s suggestion – we agreed to separate the roles by gender.) But for now, let’s simplify the situation by assuming that gender plays no part in this.

For project success many sources of authority boldly declare good project sponsorship is critical but sadly the reality of the situation is less than perfect sponsoring. Often – very often – project sponsors will have received no training or support for their critical role. In Strategies for Project Sponsorship we confirmed that, with 85% of organisations surveyed declaring that they had ‘sponsorship in place’ but 83% confirming the worrying truth that they did nothing to support, train or guide these project sponsors.

Many speak of the ‘accidental project manager’ but the reality is that the current generation of project sponsors can also be considered the ‘accidental project sponsors’. Although they may not have any background in project management or project-based activity, having reached a senior level within their organisation based on other achievements, they have assumed or have been given that role. Remember that there is not currently any official body of knowledge for project sponsors to help them understand best project sponsorship practices.

And yet project sponsors don’t just need to support projects; good project sponsors also support the project manager and project team. It is said that a project is one small step for a project sponsor and a giant leap for the project manager. Wouldn’t we all feel so much better if we knew that the project sponsor’s one small step would ensure that the complementary giant leap would lead to a safe and secure final landing?

The project sponsor/project manager partnership is one that needs to be built on a relationship of trust and mutual objectives.

As John Gray says, ‘If I seek to fulfil my own needs at the expense of my partner, we are sure to experience unhappiness, resentment, and conflict. The secret of forming a successful relationship is for both partners to win.’

Project sponsorship is not about an either/or situation but a win/ win, with both the project sponsor and the project manager benefiting.

It is, after all, about the project and therefore about the business benefit.

In Strategies for Project Sponsorship we found that the best of project sponsors operated in a very balanced way, being involved in the project, being objective about the project, being supportive of the project and project manager, and being reactive to project needs.

The project manager clearly needs to be equally balanced.

We also found that the best project managers understood what a good project sponsor should do and how they, as project managers, needed to behave within the reality of the partnership, and with the project sponsor that they were ‘given’. As the saying goes, ‘you can pick your friends but you can’t pick your relatives,’ and it must be appreciated that the same is true of project sponsors.

Each project sponsor (and each project manager) will be different, will be imperfect, and will have strengths and weaknesses but if the two individuals understand each other’s responsibilities and capabilities then a balanced, effective and positive relationship can be achieved (and subsequent project success). To once again quote John Gray, ‘Relationships thrive when communication reflects a ready acceptance and respect of people’s innate differences.’

This needs to be taken seriously and if the relationship is not working changes need to happen, fast.

There is some fantastic work going on with and for project managers.

We have landed on Mars and we are setting up home and making it look damn good (in most cases) but the weight of effort is all on that side of the scale. Venus, on the other hand is comparatively undeveloped and in need of a real make-over.

In ‘Project Management Institute, Inc. Pulse of the Profession™ March 2013’ it was assessed that the value impact on poor project sponsorship from the executive level had real significance. The report suggested that with regard to meeting project goals there was a +29% variance with good sponsorship in place but when there wasn’t good project sponsorship in place there was a -13% variance of project failure, that is there was a 13% greater chance of the project not delivering what was expected.

Investment in project sponsorship is evidence that the executives are taking strategy investment seriously, whereas not doing so can be seen as an example of the C-suite failing its own business and if we think about this in terms of the portfolio we valued in the previous article (we started with £20m and ended up with £105.6m remember?) doing nothing to develop good project sponsorship would mean that 13% of the value of the portfolio (£13.7m) could practically be written off from day one. Even if you only take the portfolio starting value – £20m – you are losing £2.6m.

How would your CFO feel if you asked him to take £2.6m in banknotes and stuff it in the shredder right now? If anything, not investing proper C-level support in strategy is worse than this, since besides the huge financial loss you should consider time and effort: all those people wondering what they have been working on all this time only to see negative returns.

I hope that the point is now well made – investment in professional project sponsors who see this as an integral part of their role is critical to your organisation protecting and benefiting from your portfolio of investment.

 

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/ 

A View from the Top

June 7, 2017

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:

‘Change is the law of life. And those who look only to the past or present are certain to miss the future’ John F. Kennedy

Challenge 1 – invest in the right Portfolio Management

Knowing the value of your investment in change, and the consequential cost of failure to deliver this change, is critical.

So how can you get across the message that executives need to stop failing their projects without looking like a project manager with a chip on their shoulder?

Fear is one way, so why not try this simple exercise when you get the opportunity. Putting a price on something works well, I find.

Start with your company project portfolio value (this should be a reasonable reflection of the strategic investment). For the sake of this example I am going to use pounds’ sterling but of course it works with any currency. I am also going to use a small portfolio value of say £20m; again, please insert your own figure here.

The next step will depend on the type of industry you are in but if we choose a typical regulated commercial model for a business it can be said that out of that total portfolio some projects are compliance driven and some business driven. In this example, we will use 40% as compliance and 60% as business growth projects. Therefore, in this example we have £8m invested in compliance projects and £12m in business development projects, again insert the appropriate figures for your organisation. A regulatory light organisation may devote only 20% of portfolio to compliance, with 80% devoted to growth.

You know your business so I will leave it up to you to decide.

But we don’t stop there. For each project to be sanctioned there must be a ‘value added’ benefit. For compliance projects this might be expressed better as cost impact. So, failure to deliver ‘X’ will result in a potential fine of ‘Y’, and/or a potential loss in self-certification of ‘Z’ and so on. All such failures have cost impacts. This may be a 2:1 ratio calculated as the potential penalties for non-compliance plus the actual project-investment costs. In our example this would be £8m multiplied by 2 plus the original £8m, which equals £24m.

Now for the rest of the portfolio, the business growth or development projects. There would be no point in investing £1 to gain £1, there must be a return on investment. In terms of a ratio that typically might be at around 4:1 (apply your own business factor here you should be able to find relevant figures in your business case approval process). Therefore, investing £1 would gain a return in investment of £4. Using the same maths as the compliance projects we now have in our example a total of £12m multiplied by 4 plus the original £12m, which equals £60m.

We now have a ‘true’ project portfolio value of £24m plus £60m which gets us to a chunky £84m.

And guess what? We haven’t even considered disruption of business costs during the projects. What shall we say here, maybe another 20% of the total portfolio investment, so about £16m or so? But the two types of project don’t behave in the same way. I suspect that the 40% we allocated as compliance project investment has a greater success ratio than the other projects. It is not that these projects are any more ‘healthy’ but the fear of non-compliance ensures that the company throws resources at these projects in a way that it doesn’t with the 60% that are business development projects, ensuring ‘success’ the hard (and costly) way.

Now if the compliance projects are ‘successful’ (he says smiling knowingly), then the other 60%, the growth projects, must carry even higher levels of potential failure.

Work out these figures now. In our example, we will use 10% across the whole portfolio for simplicity.

Can you work them out?

Do you have the data (the accurate and real data) to do this? If not, does that worry you? (It should.)

Looking back at our portfolio we said 40% was compliance activity and 60% was business growth but think about it, on balance how many of these growth projects represent real clear blue strategic change?

I bet that most are just to keep pace with your market and perhaps only 10% of projects represent real change. So again, if failure is the ‘norm’ and the focus on success tends towards the compliance end of the project scale, how successful is this 10% – the true change projects you have underway in the organisation?

I realise that these figures are open to interpretation and maybe my maths is a bit rough but you can see the general idea. It is a little like fantasy finances but the underlying points are that a) your portfolio is bigger than you think it is and b) unless you are in the special minority you probably don’t have a good insight into how this portfolio investment is being managed and how the organisation’s money (and future) is being protected.

In our example this takes a £20m base portfolio right the way up to £105.6m.

Extensive investment in strategy through projects needs to be backed up by real commitment to successful delivery and, whilst the development of good project managers backed up with appropriate processes and methods is critical, it is the clear responsibility of the executive leaders to connect such strategy to project activity and to sponsor these projects in a competent way.

Hopefully putting a value on the portfolio will have woken up the executives (or even you).

 

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/

Challenging Change

April 25, 2017

The following is a guest article from my friends at Tailwind Project Solutions:

In his new book – How to get Fired at the C-Level: Why mismanaging change is the biggest risk of all – Peter Taylor challenges the foundations of organisational change, asking if the c-level executives out there are truly ready for change to be successful in their own businesses?

You can read more about this at SME www.smeweb.com/sme/how-mismanaging-change-is-the-biggest-risk-of-all – where Peter describes the four-year study by LeadershipIQ.com which found that the number one reason CEO’s got fired was …. wait for it …. mismanaging change.

He talks of business growth, even business existence, being built increasingly from such change; strategic change – new markets, new products, change driven through regulatory demand, change driven to maintain market share, change driven by mergers and acquisitions, changes driven by new executives, and so on.

And he argues that by putting those two parts together, a world where executives get fired on a regular basis for mismanaging change and a business world of increasing change, then you have a high-risk scenario it seems in many board rooms across the world.

Worrying!

But Peter, ever the pragmatist, offers some practical advice through his 5-5-5-5 model for assessing change foundations and making improvements to such foundations in his book.

 

And at the project level Peter offers some advice on the 10 Things People Often Get Wrong When Managing A Project (or change) as you can see here in Female First http://www.femalefirst.co.uk/books/peter-taylor-how-to-get-fired-at-the-c-level-1045268.html

He explores the most common things that people do wrong when trying to manage that tricky temporary endeavour that is designed to bring about a positive change i.e. a project.

Perhaps there is a solution to the worry after all. Why not talk to us at Tailwind Project Solutions to see if we can help http://tailwindps.com/

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 as a result 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 really 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/

How to Get Fired at the C-Level

March 3, 2017

I am delighted to announce the release of my new book – How to Get Fired at the C-Level: Why Mismanaging Change is the Biggest Risk of All

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Getting fired at the C-level is easy – and this book will tell you exactly how to go about it with ruthless efficiency.

But perhaps not getting fired is your preferred outcome and, if that is the case, then you might have a challenge or two in the arena of strategy execution since the number one reason CEOs get fired is mismanaging change!

Leading executives, it seems, do too little about strategy implementation, do not apply the appropriate level of attention to such critical organisational change, and often relegate sponsorship and leadership to lower management, whilst the c-suite get on with their ‘day jobs’.

‘How to get fired at the C-level’ will explore this challenge, and since all challenges are really opportunities, will show ways to not only significantly reduce change failures but also how to dramatically raise the capability, speed, and success rates of delivering strategic change in your organisation.

It also offers a simple means to evaluate executive engagement, and to offer a series of very practical steps to let you be the person who puts the ‘C’ for change into the ‘C’ level.

Author: Peter Taylor is the author of the number 1 bestselling project management book ‘The Lazy Project Manager’, along with many other books on project leadership, PMO development, project marketing, project challenges and executive sponsorship.

In the last 4 years he has delivered over 200 lectures around the world in over 25 countries and has been described as ‘perhaps the most entertaining and inspiring speaker in the project management world today’.

www.thelazyprojectmanager.com – free podcasts also in iTunes

Big challenge: Getting your project team to work as a team!

February 17, 2017

A guest post by my friends at Genius Project

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A project team is a group of people who work together on a project with a common goal. They have different skills and specializations but their work all culminates in the delivery of the project.

Numerous studies have shown that a project progresses effectively when the team is working on activities that are clearly defined and planned. While it is important to set a timetable and targets, some companies are confronted with cultural differences, dispersed geographical locations and different working methods. Teamwork is not always so simple!

Here are some tips to increase collaboration in your project team.

  • Roles and responsibilities must be set from the get go. It’s necessary for everyone to know their objectives and mission to be able to work in their role effectively. In addition, it’s important to define the project leader and who to contact in the event of a problem or change.
  • Encourage employees to share their opinion. It’s important to provide input during meetings and discussions. The team is more dynamic and responsive when the players propose solutions and share any difficulties. A team always benefits from the discussion and the different opinions are enriching.
  • Organize useful meetings. We cannot say enough that transparency is essential in project management. This transparency makes it possible to have a positive dynamic within the group. Collaborators are informed, instructions are clear and information is distributed. A meeting should only be held if there is a need. The meeting should have a simple and precise objective. It may also be recalled that the project kick-off meeting is also important for a project team. It allows team members to get acquainted.
  • Spend time as a team. Team members need to spend time together informally. Activities outside the office are essential for strengthening group dynamics. Whenever possible, this reinforces the feeling of being part of a team. Team lunches are easy to organize and equally effective.
  • Communicate. Communication is an essential criteria for successful projects. Meetings, emails, online discussion groups … there are many possibilities to ensure optimal communication when delivering a project. Email is not always an indicator of the quality of communication, and that’s where project collaboration tools come in. Genius Project offers a “wall”, akin to most social media platforms which is integrated into the project management software to facilitate communication within the team.

A connected project team is essential to successful project delivery. Organization, communication and planning enable employees to gain a global vision of the project, to understand the issues and to be more effective in their respective roles.For more information about Genius Live!

You can visit the Genius Project website.