PMcrunch

I had the pleasure of listening to Ted Fatteross at the PMINJ meeting last night. Although there were many messages throughout Ted’s presentation, one stood out: “Don’t let yourself get too comfortable.”

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Although there are distinct advantages to conducting regular employee satisfaction surveys online to measuring employee satisfaction – there can also be risks. Documented here are the main advantages, considerations and the possible risks to conducting employee satisfaction surveys online.

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Human resources is an important function in all organizations and that includes the project organization. In these difficult economic times, the human resources’ function is being tested in organizations worldwide. How does that testing in this environment translate into the project team environment?

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As project managers, we need to manage the resources and deliverables on our projects. In tough times we are often under pressure to deliver more with fewer resources. The question is “How can we cope with this? Is there a different way than just working harder, that we and our teammates can employ?”

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As project and program managers we all know that stakeholders are central to the success of any project or program. We know that we must listen to stakeholders and that, in the end, we must satisfy stakeholders in order to have a successful project. We need to gather stakeholder input, listen to stakeholder concerns, and obtain stakeholder feedback throughout our projects. The question in my mind right now is “what can we expect realistically of our stakeholders?”

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The Project Management Institute, Prince II, and numerous other project management centric organizations have, for some time, had at their core that there is great an broad value to the application of structured and formal project management. At the same time, people have been managing projects really for about as long as humans have existed, albeit with varying levels of complexity. The question is, what is the value of formal project management?

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Marketing projects are important to companies, simply because they provide the opportunity to increase the top line of the business. That is, they are initiatives focused on driving revenue, as opposed to controlling costs. I have been thinking about three keys for how to lay out the requirements for such such revenue-enhancing marketing projects.

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Basic project management teaches us that quality is defined by meeting requirements, but not exceeding them. If we deliver more than what the customer asked for, it is considered to be gold plating – a bad thing. The premise is that there is a balance as per the triple constraint among quality, cost and schedule, and that it is the job of the project manager to manage that balance. In these tough times, however, how can a project manager produce excellence and in essence exceed customer expectations without gold plating?

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The issue of scope relates to both product scope, and project scope. Project scope is within the realm of the project manager. Product scope defines what the product of the project will be. Managing product scope is one of the most challenging aspects of project management, and is a key to managing stakeholder’s expectations and project scope.

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Project Portfolio Management, like Investment Portfolio Management, is a balancing act that requires constant monitoring and adjustment over time. Whereas an individual may have the right balance of risk, return, income, growth and others represented in an investment portfolio, a project portfolio is similar in many ways. Risks, returns, resources required, and alignment with overall strategy are just a few of the factors that must be kept in balance over time.

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