Entrepreneurial Approach to Project Management
|
Today, project managers have
to master the
business synergies approach
and think of projects as having two parts:
-
Project itself, which creates an outcome.
-
The project outcome
lifecycle, in which the outcome is used or sold...
More
|
|
Creating a
High-Performing Team
Winning Team: 7
Elements
Creating a high-performing
team
takes commitment on the part of the project leader to lead both the project
management and team processes. You need to be a good facilitator, helping
the
team work
through the steps of these processes. Here are some tips on being a good
facilitator as suggested by Martin and Tate1:
-
Allow equal opportunity for participation by all team members
-
Maintain a safe environment
-
Acknowledge each person's contribution
-
Enforce the team ground rules
-
Focus on the
team
and project management processes, not the content
-
Respect each person as an individual
-
Resolve conflicts
as they arise
-
Keep the group on track
Evolving
Entrepreneurial Role of the Project Manager
Today project managers have to
go beyond the traditional project delivery practices and
master the
business synergies
approach. This new system requires thinking of the project as a business
enterprise and managing the project as a business venture. Thus you have
to consider not only the success of the project itself but also the
success of the project outcome. You need to understand how your
organization
creates value for its major stakeholders – shareholders,
customers,
and the business team, and also take responsibility for delivering that
value.
The new role of the project
manager requires an ultimate knowledge of the
strategy
the project is supporting. Taking the business systems approach requires
also knowledge of organization,
motivation,
marketing, accounting, cost control, finance, and quantitative
decision making from the project manager's perspective.
The
entrepreneurial
approach to project management essentially expands two dimensions of the
project management process – time and boundaries.
Considering the project outcome
and its lifecycle expands time beyond the traditional horizon of project
completion. Project boundaries are also expanded. Stakeholders start
playing more important role as partners. On the other side, market
forces now go beyond the customer and end-user to include additional
factors such as competition.
|