Portfolio Project Management

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Working With Stakeholders: A Few Tricks From The Trenches

My last blog post addressed how the unique organizational position of a project manager has required me to develop powers of influence rather than trying to attain more direct authority. In this post, I want to focus on the importance of stakeholders, and share some strategies I have learned to successfully influence them.

A fact of life for a project manager is that every project has stakeholders. These individuals come from various backgrounds, and have diverse interests. Managing the stakeholder relationships has been one of the greatest challenges to my success as a PM, because they have such an immense impact on the project life-cycle. Committed stakeholders are critical to project success. They help me in ways ranging from garnering financial and executive support to defining scope and success metrics. In essence, they make my job as a project manager much easier. On the flip side, resistant stakeholders often distract decision makers, erode project support, delay, or even kill my projects. Few things are as detrimental to a project than a detractor. Here are three tasks that have helped me ensure stakeholders are on my side:

  1. Identify key stakeholders early
  2. Understand their perspective
  3. Determine an influencing strategy

Identify Key Stakeholders Early
When identifying key stakeholders, I ask myself a few questions.

Who stands the most to gain or lose from the successful completion of this project? They have the most skin in the game, and will most likely be the best person to start with. They will be either the easiest or hardest stakeholder to win over depending on their disposition.

Who is the most important decision maker? At the end of the day, there is always one person who has the final say on my projects. In my situation, most projects are pushed through the CTO, so I don’t need to look very hard. In larger organizations this may not be so clear cut. Nevertheless, you need to find that person, because they need to know who you are and that they can trust you with this project.

Who is the most persuasive stakeholder?
This person may not have the biggest title in the room, but they just might have the sharpest mind and best connections. They can get into offices that you can’t. This person can be invaluable in winning over the crowd.

If they all happen to be the same person, all the better.

Understand Their Perspective
I believe it is critical to get face time with key stakeholders and identify what they believe are the goals for this project. I find out why they feel the project is necessary (or even unnecessary), and any concerns they have. We may not always see eye to eye on all the issues. That is fine. What I am looking for intelligence that I could use to better craft my arguments and strategies for getting them in my corner. This process also gives them the opportunity to vent and build trust in me at the same time.

I’ve found that getting in front of key stakeholders early and often may be the most important task of a project manager during the planning phase. Few things are more painful than planning a project, showing it to my boss, and having him throw out a week’s worth of work or more. The problem is I didn’t take the time to understand how he perceives my project. This frustration is generally removed when I make sure that we are on the same page from the onset.

Determine An Influencing Strategy
After I have done all the ground work for finding and understanding my stakeholders, I then create an influencing strategy. Here are three tricks that I have found work best:

  1. Consultation – Stakeholders want to feel invested in the project. One of the best ways to accomplish that is to enlist them as chief consultants during planning and execution. When I get them involved in the process early and value their contribution, they are as invested in the project as me. Failing to bring them to the table early, has often spelled doom for garnering their favor during execution.
  2. Rational Persuasion – Stakeholders appreciate understanding the why of what I am doing almost as much as the how. While I was busy understanding their perspective, I had a chance to identify their reservations about the project. I use this information to craft logical arguments to alleviate those reservations. If possible, I provide as much factual evidence to bolster my position.
  3. Exchange – Sometimes no amount of persuasion or consultation will convince them of my position, so I prepare to compromise when necessary. I separate the key elements of my projects from those that are optional. I work with stakeholders to reduce scope or modify the goals. This hopefully brings them to a state when they can go all in on the project.

 One quick caution – refrain from strategies that include coalition tactics, or pressure. These can often backfire and could spell disaster for not just your project, but your working relationships and employment with the organization.

In the end, I’ve realized that portfolio project management isn’t just about PPM software, Gantt charts, and work management, it is really about people. As I have focused on winning over people, especially key people like stakeholders, then I have found myself well on the way to a successful project delivery.

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Work Management in 2010 – What’s on the Horizon?

I was pleased to read in a recent Project Times article (Top 10 Project Management Trends for 2010) that "The Implementation of New PPM Solutions Will Soar." Of course, representing a portfolio project management software developer it makes sense that I’d be happy to see more companies adopt a PPM software solution. But to be honest, I’m pleased that people in the know (in this case, J. LeRoy Ward at ESI International) are convinced that "Program and project managers, under pressure from senior management to demonstrate project portfolio performance and its impact on the enterprise, will make the pitch for – and win – resources to implement project portfolio management solutions. This will provide the fact-based decision-making senior management needs.

I believe this trend to adopt comprehensive software tools, combined with the skills of trained project managers (see Ty’s blog post "Six Keys to Successful Project-Based Work") will go a long way to improve the success rate of projects. Right now, about 66% of all project fail. I can’t imagine anyone would complain if that failure rate dropped significantly.

Ward listed a number of other preditions for 2010 (metrics, governance, risk management, etc.) … what are yours? What do you see changing and improving in project management in the next year or two?

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AtTask 2010 User Conference Registration Opens Today!

A Better Way to Get Work Done in 2010!

(This blog post will be a bit of a departure, as I plan to (gasp) talk about my company.
But it's exciting news and I believe it's worth a couple minutes of your time to read.)

Registration opens today for the 2nd annual AtTask User Conference, to be held May 11-13, 2010 at the Marriott City Center in Salt Lake City, Utah.

About the conference
Join @task users from around the world as we address key issues confronting organizations that are looking for ways to improve processes and increase business efficiencies.

Who Should Attend, and Why?

Portfolio Project Management experts and industry analysts will share insights and advice on how they leverage project management best practices to make their businesses more effective and competitive.

Attendees in 2009 ranged from project managers to CIOs and CTOs. Anyone interested in or looking for information about current project management best practices and/or project management tools should plan to attend. @task users will benefit from breakout sessions with other users, experts, and consultants. Anyone involved with project based work will benefit from attending this event.

There will be panel discussions on methodologies, one-on-one project training, and informative keynotes by industry experts, as well as great food, terrific networking opportunities, and entertainment. Utah is beautiful in May – there's still snow up in the mountains for you skiers and the valley is blooming with spring beauty and is quite warm.

Early Bird Discounts
Register before February 26, 2010 ……………………….. $100 discount (Full price registration fee: $799)
Register two or more people ………………………………… $100 discount per registrant

Book a room at the Marriott City Center by 2/26/10 …. $100 discount off event registration
Book a room at the Marriott City Center by 2/26/10 …. $139 discounted hotel rate

                            

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Next-Generation Project Management: 3 Essentials That Will Drive Success

Do you need to tackle even more work across the enterprise without killing your budget? Do you want to see practicality in the midst of turmoil? Broader visibility and flexible frameworks are essential to effective Portfolio Management.

Good  news—we are hosting an exciting and informative (free) Webinar on December 2nd: Next-Generation Project Management: 3 Essentials That Will Drive Success.

Register for the webinar and you’ll hear Margo Visitacion, Vice President of Forrester Research, outline common sense approaches for building a next-generation Project Management engine that’s aligned with your organizational objectives. You’ll learn to:

  • Build in flexibility
  • Increase visibility without creating barriers
  • Open the door to broader ‘work’ types

In addition, Ben McIntosh, Manager of Commercialization for Rawlings, will share how Rawlings is leveraging a flexible portfolio project management framework to accelerate new product introduction, realize earlier market penetration, and increase market share. (read the case study HERE)

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Ready to Register? It’s easy.

Date: December 2, 2009
Time: 9:30 am Mountain time (8:30am Pacific | 11:30am Eastern
Cost: Free
Registration: Click Here

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Aligning Work With Strategy

I believe the mantra of most companies today is “Work, work, and more work.” While not necessarily a bad mantra, as most people are being paid for that work, I feel that is fails to address a critical need of aligning project based work with an over-all project and portfolio management strategy.  Now you might not question that work needs to align with strategy, but you may be wondering why it is critical.

Brent Petersen and Gaylan Nielson point out in their book “Fake Work”, that project based work that does not align with a strategy is non-essential because it is not getting you any closer to accomplishing your strategic goals.  They term “fake work” as work not aligned with strategy and goals.  It looks like real work to your employer and feels like real work to you, but in the end it is not time well spent.

The problem is nearly ubiquitous in organizations around the world, and executives are hard pressed to find a solution.  The executive’s problem arises from an inaccurate paradigm.  They know their organization’s strategy, they helped create it, and so they don’t understand how their employees may not understand or align with that strategy in kind.

An answer to the problem of broadcasting organizational strategy and making sure all work aligns with it is Enterprise Portfolio Project Management Software.  A tool like @task helps organizations define their corporate strategy, and ensures that the project investments align with that higher vision.  This in turn aids Project Managers in creating project plans that don’t waste time on “fake work”, but on legitimate project based work that focuses on getting done the work most essential to the enterprise.

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Project Management in Tough Times

Have you noticed how many project-based work and portfolio management related blogs/articles/emails these days start with the words "With the current economic conditions…" or "In today’s economic climate…" or something to that effect? In today’s economic climate you have to …  work harder to control costs; keep the client well-informed to make sure funding continues; make split-second decisions; keep the project right on schedule; etc., etc.

Am I missing something? Haven’t portfolio project management professionals always aimed to bring projects in on time, on scope, and on budget? The good ones have!

I’m not sensing or reading about any changes to the basic list of PM best practices – in a nutshell: define the scope and objectives; define the deliverable(s); define the people, resources, and budget needed to complete the project; communicate the plan; set the team in motion; monitor, track, and report on progress; deal with changes along the way; and deliver a quality product.

Of course an economic downturn will impose constraints on resources and budgets, causing project teams to have to do more with less. And yes, there may very well be fewer projects to manage. But hasn’t that pretty much always been the case? In the past, when the economy was booming and businesses were all fat and happy (OK, yes, sarcasm), project management offices/oversight still demanded projects run smoothly. Then, it was to improve the profitability of each job. Now … perhaps it’s just to keep the revenue stream in line with the SLA or even to keep the project from running into the red. The point is, when you talk about the project’s timeline and the expectation of a quality deliverable – they really have not changed.

Don’t you always do your best to keep your projects running lean and clean? Aren’t you always as ready as you can be for the inevitable scope creep? You keep your team informed, motivated, and positive – up and down the line. So what does the change in the economy do? I suppose it increases the pressure and so the stress levels go up … but once deadlines approach and budgets are run through that happens anyway.

How do the "Current economic conditions" impact your projects and your teams?

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Portfolio Management Rocks

In today’s market, it is increasingly important to focus on matching a winning strategy with your resources. With all the projects that you could do, you have to ask a myriad of questions like:

  • What is my overall business strategy?
  • How do I compare projects against an overall business alignment?
  • Which projects best meet my needs?
  • How many projects can I financially support in terms of cash and human resources?

How can you possibly keep track of all this information? Enter the @task’s enterprise solution for Portfolio Project Management. PPM software is the best tool to organize your portfolio management and project management efforts.

Why aren’t project management tools enough? While you can accomplish work management with your project management tool, it doesn’t reconcile strategy with execution. PPM Software will pull back the covers on where you want to go and how to get there.

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