By James Norrie
A path of mismanaged or terminated initiatives lately has price the North American economic system $100 to $150 billion money every year in misplaced productiveness and shareholders capital. regrettably, the space among undertaking choice and undertaking execution is usually symptomatic of the onset of undertaking Fog, an all too typical company scenario within which tasks are began and stopped continuously; assets fall in need of the undertaking workload to be carried out; and, finally, the complete attempt is visible as a failure. A consultant to sidestepping the standard risks that frequently spell venture Fog, this publication bridges the distance among executives who increase process and choose what initiatives get authorized, and the venture managers who've to execute these tasks perfectly. It presents a roadmap in order that venture managers can accomplice with executives to align their portfolio of initiatives with total company technique, making sure that things get performed correct.
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Additional info for Breaking Through the Project Fog: How Smart Organizations Achieve Success by Creating, Selecting and Executing On-Strategy Projects
Since measurement is often the means by which we provide clarity about fuzzy or abstract concepts such as strategic objectives, this failure by organizations to make their strategy measurable is important. Data suggests that respondents may feel that their organization’s strategy is “clear and concise,” but this does not necessarily translate into “well understood” throughout the organization. So what are the implications of this when we try to connect projects to strategy? The pilot survey suggests that a PPM methodology is only used to relatively rank and execute projects on some basis other than strategic priority.
Voices of Experience: CEO of a Major Outsourcing Company Laurie is the CEO of a major business services company that provides telecom and IT outsourcing to clients throughout Canada and the eastern United States. Much of the firm’s work is project-based. We got her to stop for a few minutes and talk to us about how she sets strategy and what she expects in terms of its execution. Why is project management important to your business? As an outsourcing company, project management is the business.
This is especially true in the public sector. In fact, others have previously questioned this whole notion of the profitdriven corporation and its potential negative impacts on society, government and the environment by promoting an increased need for corporate social responsibility (CSR) among global enterprises. But where would goals related to, for instance, protecting the environment, fit into a model of project selection that is essentially profit- or return-driven? Obviously, projects like this are not going to necessarily show a positive return and so would not be highly scored in most cases by scoring models with a financial bias.