"Management-Leadership synergy is the key to successful project implementation. Most effective managers of change projects are also outstanding leaders. Most effective managers of innovation projects are also effective entrepreneurial leaders."

~ Vadim Kotelnikov

Evolving Entrepreneurial Role of a Project Leader

Today project managers have to go beyond the traditional project delivery practices and master the business synergies approach.

This new system requires intrapreneurial 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.

Managing Innovation Projects in a Synergistic Corporation

The entrepreneurial business-synergies approach to project management requires you to manage the project as if it were an independent business venture.

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.

If you create something unseen before,
prepare to address challenges unmet earlier

~ Vadim Kotelnikov

In Agile Management of systemic- innovation or big-change projects, it is advised to use a mix of holistic and incremental approach.

Instead of planning and delivering everything at once, you progress towards your dream output by increments and create your symphony note by note.