PMcrunch

I recently read a foreign post where somebody asked if project management was good preparation for the job of CEO. There were a variety of comments most of which I find somewhat discouraging saying that, [tag-tec]project management[/tag-tec] was inadequate preparation for a CEO position and that CEO positions involve a lot of different skills. While arguably these things are true, I think that we can take a positive take on that question and ask “What would differentiate a project manager who might on the CEO track from one who is not?”

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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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In the realm of project management certification, there is a transition occurring in the exam for the project management professional (PMP) certification exam. On January 1, 2009, the 4th edition of the PMBOK was officially published. Many people wonder, especially at this point in time, whether they should take the 3rd edition exam or wait to take the 4th edition exam.

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Project and program managers today are in a position of needing to grapple with many tough choices. We need to assess and re-assess our options and, in an almost tortuous way, develop a positive way ahead to communicate with our stakeholders. For us, the process of going through that struggle is important. But to our stakeholders, what is important is the positive way ahead that we have developed.

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In these tough times, many people are losing their jobs and the same is true within the project management ranks as projects and programs are canceled. The question of how we can cope with the potential job loss is well documented and it is important that we develop the self-honesty and fortitude to deal with this possibility.

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When preparing for any certification exam such as the PMP or CAPEM, we need to evaluated our readiness in taking the exam. There are many ways to do this but one is the application of a unique framework for evaluating our cognitive or level of mastery of the material. Let’s take a look.

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When thinking about stakeholder analysis, I am reminded of the old carpenter’s motto which is to “measure twice and cut once”. The idea here in project management is to make sure you have clearly laid out what is to be done before beginning a project. Now this being said, there are many shades of grey.

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The learning curve was “invented” many years ago. It refers to the competitive advantage derived from having learned a great deal about a product, service, market, or other competitive factors along the way. The learning curve can be a tremendous source of competitive advantage to organizations that have rode it upwards, especially when compared to those who have not yet accomplished that learning.

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Projects, like anything else, are subject to change. One of these changes is changes in stakeholders. Many times a project will be very viable for a particular stakeholder, but priorities might change with a new stakeholder. This is also especially serious when the stakeholder is actually the sponsor of the project, the number one stakeholder. Let’s look at some key aspects of maintaining project control during these types of changes.

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Innovation is a popular topic these days. It is rare to read much in the business accross something about innovation. I have, at times, perceived innovation to be open creativity. However, based upon my experience, I have found that it is more of a deliberate act of which creativity is a part.

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