Community of Practice Live: Communicating the Value of PM, Resource Utilization, Tight Money, Prioritization, and more.

This Project Life

Co-hosts Jeff Plumblee and Matt Stoltz were live on LinkedIn for our largest and most engaged CoP Live so far! There were several topics covered. The conversation starts with communicating the value of PM initiatives to executives and moves on to cost-cutting, supply chain management, the relevance of the PMBOK, effective stakeholder management, communication, training, and templates. Listen in for insights into project management for all sizes of organizations.

Key Takeaways:

• How do you quantify the benefits of a proposal? Does it make us more efficient? Does it improve quality and safety? Does it save time? If we don’t do it, what revenue will we lose? Capacity planner software helps show potential savings. Can the project be divided into subprojects to pitch separately, one at a time?
• When a project is new, what do you use for comparison? Some industries have databases of activities such as scheduling, delivery, and more. Independent Project Analysis is a group that gathers data across all industries. Benchmarks help. Ask companies like yours how they measure. Use surveys to get data.
• Be aware of the cost-cutting objectives of your organization. Industries will fall off. More work will be done by fewer people. Know where to prioritize. You can’t do everything right now. If you lose key personnel, it’s hard to replace them. Projects will slow down. Growing too fast can cause consistency problems.
• What are the core processes and components that are relevant to every project? Risk management is a key component. The basis is the iron triangle of scope, schedule, and cost. Stakeholder engagement and communication go together.
• The larger a communication is, the more its impact is diluted. If people don’t digest it, they don’t remember it. Have a knowledge base and link all communications to it. Hold group calls and in-person training. Templates are good! Use a template for project intake and build the project charter from it.

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Website: Moovila.com/thisprojectlife

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