Shifting focus towards value creation and delivery, rather than getting caught up in methodologies and processes, is crucial in project management.
Adapting and being nimble in approaches, rethinking traditional strategies, and focusing on long-term value creation are essential in navigating the VUCA world.
Deep dives
The Importance of Value Management in Project Management
The podcast episode discusses the importance of value management in project management. It emphasizes the need to shift focus towards value creation, delivery, and capture, rather than getting caught up in methodologies and processes. The speaker highlights the significance of understanding the different quadrants of value, including value to customers, value to staff and brand, monetary value, and strategic value. The episode stresses the need for leaders to have conversations centered around value and how the project management profession can contribute towards maximizing value for organizations.
Challenges and Opportunities in the VUCA World
The VUCA (volatile, uncertain, complex, and ambiguous) world is discussed as a significant challenge and opportunity for organizations. It emphasizes the need for leaders to adapt and be nimble in their approaches to successfully navigate the ever-changing business landscape. The episode suggests rethinking traditional strategies and implementing shorter-term strategic goals. It highlights the importance of focusing on long-term value creation and resilience, rather than getting caught up in methodological debates or lower-level approaches.
The Role of PMOs in Creating and Capturing Value
The podcast explores the role of Project Management Offices (PMOs) in creating and capturing value for organizations. It suggests that PMOs should shift their focus from administrative tasks and methodologies to becoming Value Management Offices (VMOs) that drive value-centric conversations and actions. The episode emphasizes the need for PMOs to align with strategic direction, balance operational and capital expenditure, and contribute to value creation and capture. It also discusses the importance of maturity and capability within PMOs to offer real value to organizations.
The Impact and Evaluation of Certifications
The episode raises questions about the impact and evaluation of certifications in the project management profession. It questions the value of certifications obtained solely for resume enhancement, calling for a shift towards certifications that focus on expertise and experience. The speaker emphasizes the importance of certifications in building proficiency and gaining knowledge that enables professionals to deliver real value to organizations. However, it suggests that the focus should be on certifications that enhance skills related to assessing, delivering, and capturing value, rather than solely on methodological knowledge.
Cesar & Traci invited Mr. Iain Fraser, Chairman of the global Board of Directors for the Project Management Institute in 2006 on to the show this week to discuss the state of project, programme and portfolio...
