Our point of view articles are based on insights from the marketplace considered through the lens of our experience and our study.
Creating better business outcomes through collaboration
You can create better business solutions and outcomes less expensively by tapping into your company’s collective intelligence through a blended use of traditional and collaborative tools to more easily generate, amend and access information. We show a point-in-time view of collaborative tools, and we consider directed communities in lieu of top down (strategic initiative) project teams
Just as with project management, we only add as much structure as we need to manage our risks. We start at the center of the framework, with the definition of project management. We then “wrap” project management with 5 operating elements of program management (e.g., Program Plan, Plan/Track/Report, Metrics, Supporting Business Processes and Organizing Concept).
Determining how much structure is needed to manage the project, is to think about the project as a process. The process helps define: What the project’s “customer” wants; How much investment- both resources and time is appropriate to achieve the project outcome. For many years we have use a 5 step project process (define, plan, organize, manage, close).
Project management is the continuous management of the trade-offs of scope, schedule and resources. What (scope), When (schedule), and How Much (resources) are the three dimensions which PMI refers to as the “iron triangle.” There are a number of processes you can put in place to support project management, adding only enough structure to manage the risks associated with a specific project.
The Change Formula is a single framework appropriate for just about every dimension of management, and particularly managing others. Analogous to an inequality, content must be present in each variable of the formula (need for change X vision of future X steps > resistance to change) to overcome an individual’s natural resistance to change.
General management framework is comprised of six elements each representing a critical mega-component of the enterprise, including target market; distribution channels; offering; people and capabilities; and, organization. The framework has been successfully used for market analysis and strategic planning in multiple industry verticals.