Capital spend, R&D projects, IT projects, HR projects, transformation projects, mergers and acquisitions, new product or service developments, new builds, new territorial expansion, strategy execution and even fixing things … are all projects.
When you think about it … your organisation spends a lot of time and money on projects.
Projects make impact. They provide opportunities to step-change your capability.
They also involve risk, and can consume a lot of your talent time, or executive time – selecting projects, prioritising projects, sponsoring and chaperoning projects and of course correcting projects or nudging them back on course.
Even if running projects isn’t your main business there’s still a lot of learning you can take from firms that are project based businesses.
Starting well is often half the challenge, so being prepared is key.
You can take this 12 Question test to see if you’re ready.
The test also doubles as a checklist as to what you need to do, in order to get ready.
Then, the three most important elements to consider are –
1 – To be crystal clear on your goal – or your ‘goals in priority order’ if you’re looking to achieve multiple objectives through one initiative. When trade-offs need to be made, prioritisation helps.
2 – To assemble the best team possible – including the ‘team around the team’ – which includes the executive support, the shared service, the subject matter experts and others that need to be involved.
3 – To have a process – a process that manages what’s required, deals with decisions, variations and escalations, and communicates what’s happening and why.
If you nail these 3 things, you’re a long way there.
If the 12 Question Test or the three Important Elements raise questions – arrange a call or contact us and we can make sure you’re set up for success.
