Sunday, June 12, 2011

BUS 528 - Chapter 1 Project Management Is the New Critical Leadership Skill – Ideas

1) Project Management is the essential skill set for twenty-first century leaders
Projects are all the work we don one time. Fundamental to understanding the importance of projects is realizing that each one produces something unique. Project management is a discipline – a set of methods, theories and techniques that have evolved to manage the complexities of work that is unique and temporary. Even as the discipline continues to evolve, it can claim a proven track record.

2) Project Management as a strategic strength
Strategic strength refers to a competitive edge that influences the strategy of the firm. At best, it is such a dominant strength that it keeps competitors from entering the marketplace, shaking their heads, and exclaiming “I can’t compete with that!” Project management is not a strategic strength for every firm, because not every firm is project-based.

3) The art and science of project leadership
There is no question that the best project managers are also outstanding leaders. They have vision, they motivate, they bring people together, and, most of all, they accomplish great things.
The five project success factors:
a) Agreement among the project team, customers, and management on the goals of the project
b) A plan that shows an overall path and clear responsibilities and that can be used to measure progress during the project.
c) Constant, effective communication among everyone involved in the project.
d) A controlled scope.
e) Management support
The art of leadership embodies skills that are gained through experience, sensitivity, and a thorough knowledge of the basic science of management.

These are the skills that a leader should have. In real life, in order to have a project to be successful, the effectiveness of communication among the team members involved in the project is very important.

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