Strategic Project Management Table of Contents Introduction...........................................................................................................................................2 Project Management Concepts..............................................................................................................2 Project Significance, Aims & Objectives...........................................................................................2 Risks & Response Strategy................................................................................................................2 Team member Dynamics.......................................................................................................................2 Insights to Future Projects.................................................................................................................2 Team Dynamics & their Management...............................................................................................3 Team Composition & Process...............................................................................................................3 Aspects that worked & did not Work well.........................................................................................3 Project Management Issues...................................................................................................................3 Role of Project Manager – Responsibility of Managing the Deliverables.............................................4 Academic Theory..............................................................................................................................4 Own Theory...........................................................................................................................................5 Learnings...............................................................................................................................................6 Non-Assessment of Long-Term Project Benefits..................................................................................7 Academic Theory..............................................................................................................................7 Own Theory.......................................................................................................................................8 Learnings...........................................................................................................................................9 References...........................................................................................................................................11 1
Strategic Project Management Introduction The project was to develop a smart health application for a middle-scale hospital and the project team comprised of a total of 12 resources which included Project Manager, Business Analyst, Data Analyst, and other technical resources. My role in the team was of UI Expert and I was responsible for the development of the UI aspects for the project. Project Management Concepts Project Significance, Aims & Objectives The project was significant as it ensured that the client was enabled to utilize and offer the latest technological measures and tools in providing health care services. The aim of the project was to improve the state of health care and assistance by providing the patients with the opportunity to avail remote services and applications. The experience provided me an opportunity to understand the user perspective in the healthcare domain as it was my first project in this area. The project also provided me the ability to enhance the designing skills and provided me with the learnings on the management concepts and norms associated with the business projects. Risks & Response Strategy There were several risks that came up during the project during its timeline. The primary set of risks that occurred included technical faults and failures, operational errors and issues, communication problems, and risks of schedule overrun. The risk response strategy that was followed to treat the technical risks was risk transfer to the suppliers. The other risks were handled by using avoidance as the risk response strategy. The management associated with the project started with regular reviews and training sessions so that the risks could be avoided. There were also automated tools used to ensure that the project was on track in terms of cost, schedule, and quality. Team member Dynamics Insights to Future Projects Team dynamics as the spirit of team collaboration and team cohesion worked for the project and its success. It is because the trust of the team members in the fellow resources was 2
Strategic Project Management maintained which led to the avoidance of conflicts and disputes during the project tasks and activities. The management also made sure that there were team meetings and interactive sessions organized as communication tools so that the team members could be made aware about all the project-related information at all times. I would make sure that the same approach is followed and applied in the future projects to achieve aims and objectives. Team Dynamics & their Management The team dynamics that was positive and worked well for the project was team collaboration and communication. These were managed by the management and administration that was involved with the project. The management made sure that the members actively participated in the team meetings and interactive sessions. There were also professional and ethical trainings provided to the team members at regular intervals. ThekeylearningsthatIgainedfromthisapproachincludedtheimportanceof communicationina projectwiththeinternalteammembersaswellastheexternal stakeholders. I will make sure that a similar approach is followed in future. Team Composition & Process Aspects that worked & did not Work well The aspect that did not work well for the project was the approach that was used for estimating the project schedule. The estimation process did not include the results of other key factors, such as estimations for budget and effort. It led to the risk of schedule overrun during the project. The aspect that was positive and worked well for the project was team collaborationandcommunication.Theseweremanagedbythemanagementand administration that was involved with the project. The management made sure that the members actively participated in the team meetings and interactive sessions. There were also professional and ethical trainings provided to the team members at regular intervals. Project Management Issues Two key project management issues that have been identified are the incorrect distribution of roles and responsibilities during the project and the inadequate assessment of the long-term benefits associated with the project. These issues have been chosen as these are directly 3
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Strategic Project Management associated with the concept of Project Benefit Management. This is a newer concept and there is not much research that has been done in this area. The exploration of these issues will provide the information on the approach that shall be followed in the process of benefit realization (Chih and Zwikael, 2015). Project Manager is often provided with the responsibility of managing and assuring the deliverables for the client. However, there are other resources that shall also be involved for the task. Similarly, the long-term benefits of the project are not assessed and it is declared as success when the immediate deliveries are made. These project issues are relevant as there are projects that are marked as successful but do not provide the expected benefits. Role of Project Manager – Responsibility of Managing the Deliverables Academic Theory The project management theory that is used to understand and analyse the issue is the Project Management Body of Knowledge (PMBoK). It is the management theory that states that the projects shall be managed on the basis of five process groups as project initiation, project planning, project execution, project control, and project closure. There are also ten knowledge areas that are defined under this methodology as project time management, cost management, procurement management, quality management, stakeholder management, human resource management, communication management, risk management, scope management, and integration management. There are various resources that are associatedwiththeprojectandeachoftheseresourcesisassignedwithaspecific responsibility. One such role that is laid with utmost responsibility in the project is that of the Project Manager. The Project Manager is considered as the most significant resource for the projects that are managed using PMBoK methodology. The tasks of project planning, monitoring, control, scope management, risk management, stakeholder management, and management of the other knowledge areas is assigned to the Project Manager (Fanning, 2014). The other significant responsibility assigned to the resource is that of managing and ensuring the deliverables submitted to the project client. However, it is pointed out as one of the issues under project management in the area of project benefit management. The Project Manager may verify the time and cost details of the deliverable along with its quality; however, the 4
Strategic Project Management operational and strategic aspects of the same may not be known. For example, the source code is one of the major deliverables that needs to be submitted to the project client for any of the web-based project. The Project Manager may test the quality of the deliverable on the basis of the test reports, defect reports, and gap analysis. However, the actual verification and validation of the same may be performed only by the technical experts and subject matter experts. Therefore, it is necessary for the project management methodologies to redefine the role of a Project Manager by distributing the project responsibilities and duties to the other resources as well (Bannazadeh, Zomorodian and Maghareh, 2013). It is the duty of the Project Manager to make sure that the project areas and components are in sync with each other and project does not fall behind the schedule or overrun the budget. However, certain elements, such as the project deliverables demand inputs and validations from the other resources in the project team as well. This will assist in the process of project benefit management and benefit realization (Too and Weaver, 2014). Own Theory The theory that I have chosen to understand and explore this issue is Projects in Controlled Environment (PRINCE2). It is the theory in which there are seven themes, seven principles, and seven stages followed to manage the projects. The seven stages that are involved in this methodology are start-up stage, project initiation, directing a project, controlling stage, management of project deliveries, management of stage boundaries, and closure stage (Vanickova, 2017). Each of these stages defined under the methodology have certain deliverables that shall be made provided so that the project success may be measured in terms of the same. There are also varied resources that are associated in the projects that are managed using PRINCE2 methodology. One of the roles that are common in this methodology and the previous one is that of the Project Manager. The set of responsibilities; however vary from PRINCE2 to PMBoK methodology. In the PMBoK methodology, the Project Manager is considered as the primary resource (Jamali and Oveisi, 2016). The tasks of project planning, monitoring, control, scope management, risk management, stakeholder management, and management of the other knowledge areas is assigned to the Project Manager. This is not the case with PRINCE2. The Project Manager is this case is more of a mediator between the project stakeholders and the internal members of the project team. 5
Strategic Project Management The issue of providing the Project Manager with the responsibility of managing the project deliverables and their delivery to the project client is witnessed in this case as well. This brings up the problem of benefit realization as the Project Manager may or may not have the capability to understand the effectiveness of the deliverable. The Project Manager is selected and included in the projects on the basis of different skill sets, such as managerial skills, leadership skills, analytical skills, creative thinking skills, problem-solving skills, decision- making skills, communication skills, negotiation skills, and likewise. The manager shall be responsible for overlooking and managing the project resources, requirements, stakeholders, and other components. The manager shall also be involved in the process of ensuring that the expectations of the client are met by verifying the deliverables. However, the verification and validation in this case will be restricted to the time and budget constraints applicable on every deliverable. For example, in case of a project requiring development and implementation of a web site for a financial services firm, one of the deliverable will be the website prototype. The Project Manager will be able to make sure that the same is delivered to the client on time and within the budget specified in the planning phase. However, the Project Manager may not be able to validate the effectiveness of the same. There may be certain Project Managers with technical skills and abilities to identify the correctness of the website prototype; however a majority of them may not have the in-depth knowledge on the contents that should have been present on the basis of the client expectations. The only way of verifying the same would be the feedback and comments from the other technical resources present in the project team. Thus, it would be essential to either revise the role of the Project Managers in the project or select the managers on the specific set of skills that may assist and allow them in the process of validation and verification of the project deliverables. As a result, it would be possible to avoid this issue and the benefits will be realized in a better way. Learnings The issue of inadequate roles assigned to the Project Manager in terms of the responsibility of verifying and validating the project deliverables may be avoided by revising the role of the Project Manager. It is the duty of the Project Manager to make sure that the project areas and components are in sync with each other and project does not fall behind the schedule or overrun the budget. However, certain elements, such as the project deliverables demand inputs and validations from the other resources in the project team as well. This will assist in the process of project benefit management and benefit realization. The Project Manager is 6
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Strategic Project Management selected and included in the projects on the basis of different skill sets, such as managerial skills, leadership skills, analytical skills, creative thinking skills, problem-solving skills, decision-making skills, communication skills, negotiation skills, and likewise. If the project methodologies provide the managers with the responsibility of validating and verifying the project deliverables, then the selection of the Project Manager shall be done on the basis of the other skill sets that may be necessary for the process/. For example, technical proficiency on the web development areas must be mandatory in case of the web development projects and likewise. Non-Assessment of Long-Term Project Benefits Academic Theory It is often seen that the projects are declared as successful if they meet the objectives of delivering the due deliverables to the clients as per the determined schedule, cost, and quality constraints. Some of the critical success factors that are associated with determining the project success are cost variance, schedule variance, ethical compliance, quality compliance, customer feedback, net present value, and likewise. There are often scenarios wherein the long-term benefits of these projects are not analysed and realized in the project planning stages. It is only the immediate favourable outcomes that are evaluated and used to determine the project success. One of the common methodologies that are used for managing the projects in the current times is agile methodology for project management. It is an adaptive, dynamic, and ad-hoc methodology that makes sure that the project is flexible and scalable and that its goals are met. The execution of the management activities are done in the form of the sprints wherein the overall project requirements are broken down in smaller sets. These smaller sets are then used for each of the project sprints for proper validation (Spundak, 2014). The agile methods are different from the other traditional approaches. However, the benefit realization is not adequately defined under this methodology as well. The prime focus of the management is always put on the immediate benefits and short-term project goals and objectives to be achieved. The project can be termed as really successful only when the long- term benefits are achieved. For example, if a construction project is carried out using agile 7
Strategic Project Management methods with an aim to construct a residential building. The goal of the project will not be to develop and construct the building as per the best practices and architectural guidelines. These will be the essential and in-focus requirements and will be used for evaluating the project success; however, the primary aim will be to construct a building that is safe and rigid even after a period of 10, 20 or 50 years. If the building collapses or gives some of the architectural issues after a couple of years then it will be termed as a major failure (Rose, 2010). These long-term benefits and expectations are required to be defined in advanced and these must also be targeted in the project tasks and activities to make sure that the actual project success and the associated benefits of the project are achieved (Juricek, 2014). Own Theory There are different project management theories that are defined and are being used by the project management and administrative bodies all across the globe. The issue is now assessed from another project management methodology as Project Management Body of Knowledge (PMBoK). It is the management theory that states that the projects shall be managed on the basis of five process groups as project initiation, project planning, project execution, project control, and project closure. There are also ten knowledge areas that are defined under this methodology as project time management, cost management, procurement management, quality management, stakeholder management, human resource management, communication management, risk management, scope management, and integration management (Indelicato, 2009). The projects are carried out with the assessment of the business case and the determination of the feasibility of the project as some of the initial steps. The further steps in the projects that are managed by PMBoK methodology include project estimations, planning activities, and assessment of the project requirements. The project aims and goals are also defined in between. All of these are the steps that focus upon the short-term goals and the immediate benefits associated with the projects. For example, if a web-based project is taken up and is managed using PMBoK methodology, then the common goals of the project are to develop and design the web application as per the best design standards and codes so that maximum user satisfaction is achieved. Also, it is determined that the application has minimal defects and the process of deployment is error free. There are also security considerations and update present in the application to make sure that none of the risks may take place on the 8
Strategic Project Management application. The web application will be termed as successful if the project team succeeds in providing these deliverables and requirements on time and under the specified budget (Gomes, 2013). However, if the website does not target the demands of a specific user set or crashes in the future after few years then the project will be termed as unsuccessful. Also, if the web site fails to attract the expected number of hits then also it will be termed as a failure. It is therefore required for the project management to make sure that the goals and objectives of the project are achieved and the long-term benefits of the project are also met along with the achievement of the short-term goals. This may be done by following an alternate approach during the planning and estimation phase of the project. The cost-benefit analysis is one such scheme that is followed to determine the future benefits associated with a project. It is necessary to include more such schemes so that the project benefit realization and management may be achieved. It would also be necessary to make sure that the future risks and attacks are targeted upon so that the users may not face any trouble in the years to come. The post-maintenance and support activities in a project never end and it is the responsibility of the project manager and other management resources to make sure that the required activities are carried out. These long- term benefits and expectations are required to be defined in advanced and these must also be targeted in the project tasks and activities to make sure that the actual project success and the associated benefits of the project are achieved. This would assist in the process of benefit realization and will also provide newer mechanisms and measures that may be used in project benefit management. Learnings Project benefit management is a newer concept and there is not much research that has been done in this area. The exploration of the issues will provide the information on the approach that shall be followed in the process of benefit realization. The long-term benefits of the project are not assessed and it is declared as success when the immediate deliveries are made. It is often seen that the projects are declared as successful if they meet the objectives of delivering the due deliverables to the clients as per the determined schedule, cost, and quality constraints. These project issues are relevant as there are projects that are marked as successful but do not provide the expected benefits.It is necessary to include more schemes like cost benefit analysis so that the projects benefit realization and management may be 9
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Strategic Project Management achieved.It would also be necessary to make sure that the future risks and attacks are targeted upon so that the users may not face any trouble in the years to come. It is also required for the project management to make sure that the goals and objectives of the project areachievedandthelong-termbenefitsoftheprojectarealsometalongwiththe achievement of the short-term goals. 10
Strategic Project Management References Bannazadeh, B., Zomorodian, Z. and Maghareh, M. (2013). Assessment of PMBOK Indexes in Executive Projects.Journal of Advanced Management Science, pp.265-268. Chih, Y. and Zwikael, O. (2015). Project benefit management: A conceptual framework of target benefit formulation.International Journal of Project Management, 33(2), pp.352-362. Fanning, F. (2014). Adapting PMBoK Guidance to Public Sector Projects.Organization, technology and management in construction: An international journal, 6(3). Gomes, R. (2013). Contributions of the PMBok to the Project Management of an ERP System Implementation.Revista de Gestão e Projetos, 04(02), pp.153-162. Indelicato, G. (2009). A guide to the project management body of knowledge (PMBOK® guide), fourth edition.Project Management Journal, 40(2), pp.104-104. Jamali, G. and Oveisi, M. (2016).A Study on Project Management Based on PMBOK and PRINCE2. [online] Available at: http://dx.doi.org/10.5539/mas.v10n6p142 [Accessed 18 May 2018]. Juricek,J.(2014).AgileProjectManagementPrinciples.LectureNotesonSoftware Engineering, pp.172-175. Rose, K. (2010). Effective project management: Traditional, agile, extreme, fifth edition. Project Management Journal, 41(2), pp.84-84. Spundak, M. (2014). Mixed Agile/Traditional Project Management Methodology – Reality or Illusion?.Procedia - Social and Behavioral Sciences, 119, pp.939-948. Too, E. and Weaver, P. (2014). The management of project management: A conceptual framework for project governance.International Journal of Project Management, 32(8), pp.1382-1394. Vanickova, R. (2017). Application of PRINCE2 Project Management Methodology.Studia Commercialia Bratislavensia, 10(38). 11