PMI Baltimore Site - Columbia Lunch Meeting
This educational event qualifies for 1.00 PDU within the PMI Talent Triangle - Technical Project Management
Projects Not Strategically Aligned Waste Time & Money
UP TO 100 PARTICIPANTS WHO REGISTER AND ATTEND WILL RECEIVE A FREE COPY OF TONY’S BOOK ‘”BARE KNUCKLED PROJECT MANAGEMENT”.
Strategic alignment requires linking your project to the organization’s strategy. This means that the project is aligned with the company vision, goal and objectives. To accomplish strategic alignment, the executive team, management, and project teams must be in ‘lock step’ together.
If any one of these levels of the organization is disjointed it creates a trickledown effect that is compounded at the most granular level.
According to PMI’s 2016 Pulse of the Profession report, the following statistics were discovered:
>$122 million wasted for every $1 billion spend on projects, a 12% increase from 2015;
>Only 51% of projects met goals or intent;
>Only 38% of projects completed were within budget;
>Of the projects that were completed, 35% were completed ‘on-time’;
>More than half, or 53% experienced scope creep and;
>21% of projects were considered a COMPLETE FAILURE.
In contrast, it was discovered when organizations placed a priority on Strategic and Business Management, Technical Project Management, and Leadership (PMI Talent Triangle) that these numbers improved by more than 40%.
How do you know if your projects are strategically aligned? Do you ever find yourself asking the following questions or experiencing these situations within your project or projects?
>The mission or objective seems to be constantly shifting dramatically;
>No one seems to care about the project I am running;
>I have no time to run this project”
>The commitment from other stakeholders seems to be lacking;
>Dedicated resources do not actually seem to be ‘dedicated,’ or;
>My budget is often pulled or it takes too long to acquire resources needed to complete the project.
These are just a few examples of indicators that your project may not be aligned.
How do you improve performance and strategic alignment?
This requires hands-on, interpersonal work. Think’s BKPMO Maturity Matrix is a good start. It represents the evolution of the project management team and its framework, tools, and approaches to achieve the highest level of effectiveness possible within the organization. Improvement options for higher levels of effectiveness become evident once a comprehensive picture develops. Applying focus to these areas allow for immediate and enduring changes. Strategic Alignment is the overall outcome.
Tony Gruebl - President, Strategic Project Manager, co-author of Bare Knuckled Project Management.
Tony is founder and President, leads Think’s BKPM Operations Consulting team, and is coauthor of Bare Knuckled Project Management (BKPM); how to succeed at every project, available on Amazon and Smashwords. He is a Six Sigma Master Black Belt, and former COO and VP, with 25 years of operationally focused experience in and around technology, especially Business Intelligence. Tony has built and managed many teams, led hundreds of technology deployments, crafted effective, outsourced PMOs for customers, and improved the business processes of dozens of companies.
Charles I. Ecker Business Training Center
6751 Columbia Gateway Drive
Columbia, MD 21046
11:30 AM - Check-in, networking, and lunch
12:00 - 1:00 PM - Presentation
This educational event qualifies for 1.00 PDU within the Talent Triangle - Technical Project Management
|Event Date||05-21-2018 11:30 am|
|Event End Date||05-21-2018 1:00 pm|
|Registration Start Date||05-01-2018 9:20 am|
|Cut off date||05-21-2018 1:30 pm|
|Individual Price||Non Member Price|
|Location (Click link for address)||Columbia Site - Howard County Business Training Center|