PROJECT-LEADERSHIP: 3rd Pillar of Excellence
Project management is the planning, organizing, directing, and controlling of resources – time, money, people and equipment – to accomplish specific goals and objectives. Leadership effectiveness depends on whether one can accomplish the set goals within time, cost and performance constraints. According to the data released by the Bureau of Economic Analysis, the US public and private sectors combined spend some $2.3 trillion on projects every year, an amount equivalent to a quarter of America’s GDP. Leaders have to be adept in the art and science of project management. Otherwise, one’s ability to deliver becomes highly questionable.
Execution & Control
New Line Cinema made history by shooting all three Lord of the Rings film consecutively during one massive production. It took three years of preparation to:
Initiation
Define the scope, objectives and deliverables of the project. Many projects have failed because they were started without a formal statement of work, and the project leader had not taken the time to clearly define the scope and objectives. Perhaps the project leader was in a bit of a hurry, not realizing that cutting corners in the project definition phase can later spell disaster.
Planning
Establish detailed project plans by making use of a variety of planning techniques and tools, including work break-down structures, Gantt charts and risk management plans. The project leader needs to be familiar with these tools to plan the project. There are no short-cuts.
Execution and Control
Establish detailed project plans by making use of a variety of planning techniques and tools, including work break-down structures, Gantt charts and risk management plans. The project leader needs to be familiar with these tools to plan the project. There are no short-cuts.
Close-Out
Perform post-project review to evaluate the schedule, budget, and quality of the end product and capture the lessons learned.
Execution &
Control
New Line Cinema made history by shooting all three Lord of the Rings film consecutively during one massive production. It took three years of preparation to:
Initiation
Define the scope, objectives and deliverables of the project. Many projects have failed because they were started without a formal statement of work, and the project leader had not taken the time to clearly define the scope and objectives. Perhaps the project leader was in a bit of a hurry, not realizing that cutting corners in the project definition phase can later spell disaster.
Planning
Establish detailed project plans by making use of a variety of planning techniques and tools, including work break-down structures, Gantt charts and risk management plans. The project leader needs to be familiar with these tools to plan the project. There are no short-cuts.
Execution and Control
Establish detailed project plans by making use of a variety of planning techniques and tools, including work break-down structures, Gantt charts and risk management plans. The project leader needs to be familiar with these tools to plan the project. There are no short-cuts.
Close-Out
Perform post-project review to evaluate the schedule, budget, and quality of the end product and capture the lessons learned.
Execution and Control
Establish detailed project plans by making use of a variety of planning techniques and tools, including work break-down structures, Gantt charts and risk management plans. The project leader needs to be familiar with these tools to plan the project. There are no short-cuts.
The Price of Not Managing the Project Right
Stepping Down in Disgrace!
Kathleen Sebelius forced to step down
When the healthcare marketplace website launched in October 2013 in U.S., the Affordable Healthcare Act site was a disaster.
One lawmaker wanted to make sure that Health and Human Services Secretary Kathleen Sebelius got the message, so he handed her a “Website for “Dummies” book to take a jab at the site’s problem-riddled launch.
If you cannot manage a project right, then you will be forced to step down in disgrace.
