IT, PM, Finance
Nothing starts your day worse than waking up to a CNN News crew on your front porch. That is what happened with Cover Oregon (Oregon’s failed HIX implementation). Now, with multiple lawsuits filed, only time will tell who the real losers are. One thing is for sure—there will be no winners. With all the contracts, audit reports, and court documents in the public domain there is no better time to learn.
The dearth of corporate leadership is stifling. Daily executives struggle with this reality. The challenge is creating the best learning environment for employees to debate situational leadership challenges. Too many times they are learning on-the-job and making costly mistakes leaving collateral damage in the workplace. Wouldn’t it be nice to have an environment where people could test their reactions to situations that have actually arisen and debate the appropriate resolution in a safe environment?
Few will disagree that sponsorship is critical to project success, yet how many times to you hear, “Our project sponsor is not engaged!” Our research shows that 80% of all PMs will tell you that engagement is the primary issue they face with the executive sponsor. Even more serious, when discussing the topic with executives, a very large majority will say that consistent, high-quality sponsorship is the number-one problem they see in executing initiatives successfully.
"Our Changes just don't stick!" That is the cry of too many executives exasperated by the waste of resources trying to get people in their organization to adopt new processes. A major portion of the reason is the lack of an organization change management (OCM) mentality in the organization. This is no more apparent than in the method in which initiatives and their constituent projects are executed. Lack of end-user involvement and adoption accountability are at the core of this failure.
Change is difficult. And, even if we can get people to change, will it stick? How about ropes, chains, whips, ropes, blindfolds, watermelons, and elastic bands in a fun G-rated presentation that get the audience on their feet and acting the roles that they may think is hindering them from change.
Leaders define vision. A business turns vision into value. It still takes a team of executives, managers, project managers, and individual contributors to drive the projects that build the capabilities transforming businesses. Ergo, projects are the enablers for turning vision into value.
People often fail to realize how many actions in life are negotiation based. This is no different for in our work life. From managing projects to negotiating a raise, we do some form of negotiation daily. Implementing a process around negotiation is key in maximizing success. A process ensures collecting the correct information for preparing and proposing the new idea.
Estimates for the annual cost of project failure are as high as two trillion dollars a year. The rates for projects being at risk are in the 60-70% range, and a quarter of all project's problems are so bad they are simply canceled prior completion. Preferably, all projects will run according to plan. However, moving from a 60% failure rate to 0% is unrealistic. First, organizations must understand what it is that makes their projects fail. Reasons range from methodology to human failure to poorly understood concepts to scope creep. Analyzing projects as systems uncovers all the factors that can contribute to failure.