Your Project Portfolio is overflowing..... but which of the projects are really adding value?
Project failure is often caused not by technical issues, but by a lack of management and training. Effective Project Managers must be able to understand the nature of risk in large projects, plan for the unexpected and deliver within the agreed parameters.
With the ever-increasing pace of change and calls for innovation, organisations will benefit from stepping up project performance. This can be achieved by creating a project culture next to business-as-usual and by building in-house project capability and structures that will allow change efforts to be realised faster, cheaper and consistent with the company's strategic direction.
Looking at project performance, it is clear that a large number of projects are far more expensive than initially budgeted for, take much longer to execute than initially planned, and deliver a solution that is only a fraction of the original scope. Moreover, companies have to accelerate the pace of change by running several projects in parallel, thereby creating the need to carefully manage project interdependencies and optimise usage of scarce financial and human resources. What is the best way forward?
Projects get work done through people, and managing them requires a separate set of skills and methods. What happens when a project manager does not understand the people side of project management? How does managing people effectively contribute to delivering your projects on spec, on time and within budget? Effective project managers must master more than processes and tasks to move projects to completion.
