Tuesday, April 5, 2011

The question is

The question is, "How can the intentions developed in the strategic planning process continue to live in the project implementation phase?" The answer, I believe, is very practical and simply involves creating a clear feedback loop to the project portfolio management process, which should then be empowered to provide the relevant information back to upper management at the strategic level. This provides an opportunity to monitor projects against intentions, and not just against performance parameters within the project itself. It  MBT Fanaka GTX, also allows for mid-stream adjustments to actions taken early in the cycle, based on changing external conditions, or based upon project execution assumptions that might now look incorrect.

Looking at this as a purest, one could reduce all of this down to what a single individual would do, and perhaps identify some disconnects in the process. Let's say that and individual had decided to build a playhouse for the back yard. Presumably, this individual is not only party but also central to every decision that has been or will be made about the play house - at the strategic, portfolio, and project management level. It will not be difficult for this individual to carry through on project management level decisions with the perspective of the strategic and portfolio management levels, since it is all in his/her head. He/she will have the opportunity to made mid-course correction based MBT Imara upon new knowledge gained as the project proceeds, and this could include items such as increased cost, change of priorities, more time than expected, and more.

By designing the feedback loop into the project portfolio management process, we are designing in the advantage that the individual has on a smaller project. That advantage is something that is practiced effectively in many organizations, and is also unfortunately not practiced in some that suffer from disconnects between high-level decisions based on strategy and implementation level-actions and resulting experience. Since the only certainty is uncertainty, conditions will change, and it is important to build effective feedback loops into our project portfolio management processes.

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