is your talent equipped to achieve goals? … · situational analysis to determine starting point...
TRANSCRIPT
WHITE PAPER
SummaryBusiness success depends on the delivery of an ever-
changing, ever-growing series of projects, programmes,
and portfolios. As a line of business leader, you must
effectively manage talent against new demands and
requirements in order to drive success. With much of
the workforce devoted to executing against strategic
initiatives, one way to pursue success and talent
retention is to invest in the competencies required to
deliver projects effectively. This paper offers context
on the modern business environment, examines how
effective project leadership bridges strategy and
execution and provides guidance for assessing training
needs and selecting a professional development
programme that meets business requirements, while
also helping individual employees with their personal
growth expectations and goals.
Key Takeaways� Most business activity falls into the realm
of projects, though the labels may vary
(i.e. product launch, strategic initiative,
department reorganisation).
� With so many of your employees operating in
project-based roles, upskilling around the
technical and relational skills is key to driving
successful project outcomes.
� Before you invest in professional development
for your team, you need to conduct a
situational analysis to determine starting
point vs. your end-goal for training.
� By investing in training and development for
your team, you will not only bridge the gap
between strategy and execution, you will also
establish a culture that attracts, develops and
retains top talent
AudienceThis white paper is intended for business
leaders, including business-unit managing
directors, department heads and team leads.
Is Your Talent Equipped to Achieve Goals?How strategic project leadership training drives business success
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Managing Talent to Achieve Results
Ask business leaders the age-old “What keeps
you up at night?” and you will find that their
answers are often focused on the latest product
or service innovations, breaking into new markets
or regions, or raising operational efficiency while
lowering cost. In other words, modern business
has evolved into a never-ending series of strategic
initiatives – which, for workers, translates into a
never-ending series of strategic projects.
And business leaders’ loudest lament? The
workforce does not have the necessary skills and
struggle to link their day-to-day work back
to strategic priorities. These challenges and
their related calls-to-action are only growing
in scale. Phrases like, “closing the talent gap, building a high-performance
organisation and future-skilling your workforce,” show how people and
performance top the C-suite agenda, according to The Conference Board’s
Annual CEO Challenge Research from 2015 and 2016.
Once you’ve realised that your best workers are engaged in an ongoing
stream of strategically important projects, the way to improve your talent and
business results becomes clear. It’s by ensuring your team has the necessary
tools to better execute against strategy and lead large-scale and high-priority
initiatives, resulting in a performance-improved workforce. This can be
achieved by using experts from your project management office (PMO) to
supplement your talent and by directly tackling team improvement through
project leadership skills development.
How do you leverage talent to execute your strategy?
�� Reframe your businessinitiatives through thelens of strategically alignedproject management
�� Assess your unit’s skills andavailable resources for changeand performance improvement
�� Upskill your leaders andstaff to enhance your team’scompetencies and capabilities
�� Ensure a sustained cultureof thriving, project-basedbusiness success
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Gaining an Organisational Performance Edge Through Strategic Project Leadership Traditionally, project management was regarded through a narrow operational
lens. It involved a limited set of project managers, sometimes in a PMO,
sometimes decentralised or assigned to a specific department, using standard
approaches and techniques to manage a project, get one back on track, or
tighten a work process. It was, and in some cases still is, viewed as a series of one-
off projects, disconnected from the broader strategy.
Foundational project management techniques, while necessary, are by
themselves not sufficient in helping business-unit leaders achieve the growth,
business transformation and accelerated short- and long-term results
demanded of them. Because companies run in distributed, matrixed, global
environments with tight resources and talent at a premium, getting big
picture initiatives understood and embraced throughout the organisation is
challenging. The need for holistic communication and resource alignment,
top-down and bottom-up, via every project leader in-between, has never been
more essential to achieving bottom-line results.
Consequently, savvy business-unit leaders are recasting corporate priorities,
major initiatives and everyday work as projects (or project portfolios) in
a movement known as ”strategic project leadership.” They are reviewing
organisational structures, project teams and talent maps in the context of
strategy execution and performance improvement. While traditional technical
skills are still important, there’s a broad realisation of the importance of
relational or “soft skills.”
Strategic project leadership combines bottom-up and top-down approaches.
From the bottom-up, it works to align resources, people and processes with
corporate objectives and goals. Utilising the top-down approach of project
portfolio management, groups of projects are tracked, managed, analysed,
reported and visible to senior leaders.
The need for communications
and resource alignment
top-down and bottom-up,
via every project leader
in-between, has never been
more essential to achieving
bottom-line results.
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In order to bridge the gaps and create alignment, leaders need to evaluate teams across a range of technical and relational skills that support strong strategy execution alignment. If you think of strategy execution as the “roadway” on a bridge, which enables seamless two-way flow of information between strategy and the required technical and relational skills as the pillars that support the roadway, you can more easily plot the various knowledge and skills required for your success. From there, it is much easier to look at where your organisation – and your people – need to improve in order to achieve a higher state of strategy execution alignment.
BRIDGINGTHE GAP
Leveraging project management as a strategic asset
requires a new way of thinking, communicating and
working. PMOs and project managers must understand
and relate their efforts to the executive leadership’s vision,
mission and strategic goals to move the organisation
ahead. Tapping PMO talent, or developing strategically
adept project managers across all areas of the business,
results in gains at the business-unit and departmental levels.
More specifically, those gains come in the form of increased
predictability of business performance, higher levels of
collaboration across projects and people on project teams
and common language and tools that increase work
teams’ productivity.
This all adds up to a culture that embraces strategically
aligned, project-oriented operations.
By combining bottom-up and top-down thinking
with strategically aligned project management skills,
organisations can build a two-way bridge across
the “strategy-execution gap” to connect executive
leadership that is developing strategy with the teams
actually delivering results.
The result: strategy chasms shrink, alignment and focus
rise and individuals and teams understand their work in
the larger context more clearly.
Strategic Project Leadership Closes the “Strategy-Execution Gap”
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Assessing What You Have, What You Need, and How to Get There With an understanding of the importance of bridging the strategy-execution gap, it is time to focus on how you get there.
The first step: upskilling your workforce to meet the challenge.
Making the business case to hire more project managers, or develop current staff, should be based on planned
business-performance improvement. The essential elements to use as factors for approval fall into organisational and
situational categories.
Organisational Factors:
� Economic conditions and businessenvironment
� Outlook for growth, new strategic initiatives,and competitive opportunities
� Leadership’s experience and belief in projectand change management and appetite formore
� Available proof points of project managementresults and value, from other internal lines ofbusiness, or from known competitors
� Training and professional developmentclimate; resource availability and opportunity;future outlook
� Fit and prominence of project managementskills and capabilities in organisationalcompetency frameworks or matrices
� The teams to tap to help build your case,including Human Resources, FinancialManagement, Learning & Development andProcurement.
Situational Factors:
� Business unit plan, performance history and trends
� Direct and shared resources and budget
� Operating and productivity constraints
� L&D plan and resources (if any)� Knowledge, understanding, and current use of
project management technical skills
� Knowledge, understanding and current use ofrelational skills
� Factors and forecasts prompting increasedneed for strategically aligned projectmanagement capacity
� Team environment and climate for performanceimprovement, learning and development, changeand adaptability, etc.
� Forecast of financial, operational and otherbusiness benefits that could arise from trainingand skill development
� Measurement plan and targets
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While building your business case for training, evaluate
your workforce against current roles and
responsibilities, career development goals and training
interests. Also, probe for project management and
leadership skills, aptitude, development interests and
key characteristics. You want to advance your team
with technical project management basics that include:
Beyond technical skills, however, are the increasingly
critical set of relational skills and leadership
capabilities. These competencies are likely to be on
your organisation’s radar because they increase project
managers’ effectiveness. A well-rounded project
management professional needs to have and continue
to develop:
Scheduling and time management An aptitude for change management, applied to process and people
Dependency and contingency planningCommunicating with influence and leading without authority
Risk management
Emotional intelligenceTask management
Leadership skillsMeeting management
Negotiation and problem-solving skillsDocumentation management and control
Self-awareness of strengths and weaknesses, gaps and growth opportunities
Strategic decision-making
Communication skills Business acumen
Budget management and cost controlCollaboration and teamwork
Quality management
Cross-cultural sensitivities
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Don’t neglect personality. When thinking about team dynamics and individuals
well-suited to strategic project leadership, look for people who:
� Revel in detail but tolerate ambiguity
� Exude enthusiasm and take initiative
� Accept responsibility and accountability
� Adapt quickly
� Think big-picture and collaborate
� Believe in philosophies like quality and continuous improvementfor the organisation as well as him/herself
� Have an appropriate sense of humor
Fill the Gaps: Chart Your Training and Development Plan Once you’re ready to up your project management ante so that key team
members will thrive as strategic project leaders and improvement agents,
it’s time to secure training and development. Although you will tap internal
resources – HR, L&D, the PMO – as allies and for recommendations, this is
about your team and its contribution to greater business performance.
Ultimately, you must decide what is best for your business, your immediate
needs and your vision of performance improvement over time. You know the
demands of your plan, team dynamics and gaps. You’ve gauged individual and
team capacity for training and key characteristics, including individuals’ desire
and commitment to grow professionally. In moving ahead with technical and
relational skill development, you must chart your own course for short- and
long-term growth plans.
Delivery and Packaging The options for training and professional development modes, methods and
delivery mix may seem endless. There is no universal approach – the modes
you select for technical up-skilling may differ from relational skill development.
In addition, the motivations and development needs are very different across
generations (GenX, rising early Millennial managers, late Millennial staffers and
Generation Z workers). Before you begin, it’s important to understand the value
of programmes and delivery modes labelled.
As one veteran project manager and business leader sums it up:
“Hire for attitude, train for skills.”
What Makes a Great Project Leader?
� �Basic PM Technical Skills: Budgeting, project scoping,facilitation, risk, schedulingand time management
� �Strong Relational Skills:Leadership, coaching,negotiation, critical thinkingand problem solving
� �PersonalityCharacteristics:Inspirational, empathetic;engaging, strategic
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The Rise of the PMO
An organisation’s PMO is the group or department within the enterprise that defines and maintains project management standards, policies, processes and methods.
PMOs can be organised as a centralised, decentralised or hybrid model, with structural reporting and accountability to finance, operations or HR.
While project management is historically associated with IT, it requires the mastery of skills that can be applied to all areas of an organisation. This realisation has increased the demand for project management training, positioning PMOs as the performance improvement and training resource to assess and develop talent with these skills.
TRAINING MODALITIES
Virtual (vILT): instructor-led, live online streaming, interactive training
eLearning: self-paced online modules available 24/7
Classroom or instructor-led (ILT): hosted in a classroom with an in-person instructor
Onsite: the instructor meets the students at their organisation to conduct the training
It’s also important to determine whether off-the-shelf solutions, customised
programming, contextual modifications, or some combination will fit the
performance-improvement plan, timing and budget. Whether looking at the
technical or relational skill curricula, customised approaches are gaining ground.
This movement is mostly stimulated by business leaders’ demands for training
that is designed and deployed by project management experts and by providers
versed in the client industry and/or functional areas (marketing, sales, legal, IT,
R&D, product management, etc.).
In instructor-led options, it is essential to vet instructor credentials, experience and style. In large organisations, L&D or procurement (or both) may maintain recommended training supplier lists. Look for training suppliers that review and monitor instructor backgrounds, industry experience, technical skills, familiarity with the Project Management Body of Knowledge (PMBOK)® and certifications like the Project Management Professional (PMP)®.
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Potential of External Partners In addition to offering multiple options across
the technical and relational spectrum, third-party
project management professional development
providers are evolving as trusted business
partners that can deliver customised
programming.
Fewer organisations are viewing training and
development as transactional events; their
talent is too valuable. Instead, businesses are
seeking partners with customised solutions
that deliver measurable improvement over
multi-year and multi-tier engagements. Third-
party training providers are stepping up to the
demand for strategic project leadership and
relational upskilling. They are extending offerings
to include coaching and are helping customers
measure results.
To gain project management benefits across all of their initiatives, organisations
are expanding the metrics they use to measure the value of project
management training. They’re looking beyond setting baselines and targets
tuned to traditional parameters of time, budget, scope and overall ROI. Today’s
forward-thinking leaders compile a business case and measure project impact
through a collection of data points, financial and other, in ROI and increasingly
in a Value of Investment (VOI) equation. VOI calculations factor together all
the business aspects that strategic project leadership improves, including
new product/service time-to-market, marketing campaigns, legal processes,
customer satisfaction, employee engagement – the possibilities are endless. It’s
also important to measure employee satisfaction, loyalty, retention and newly
structured career paths for those with project management training.
A Tech Company’s Strategic Project Leadership Change and Gains The tech company launched its project management Center of Excellence (COE) in the face of increased competition and a rapidly shifting business landscape that led to decreasing market share. The COE oversees project management. It develops and designs materials, training and instructional resources, supports internal certification opportunities and vets external training partners. The COE is regarded – and benchmarked – as world-class.
It gained:
�� Strategic alignment and focus
�� Project and process improvements
�� Increasingly predictable delivery of new products
and services
�� More collaborative culture across the global enterprise
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© 2016 TwentyEighty Strategy Execution, Inc. All Rights Reserved.
Ensure a Culture of Thriving, Project-Based Business Success The role strategic project leadership plays in linking corporate vision and strategy
to the leaders and teams doing the work is clear. But none of this change can
play out without an enterprise culture and executive leadership who values
project-based work and invests in performance improvement for project leaders
and teams.
Many view corporate culture as something dictated from the top, down.
Truthfully, an organisation’s culture stems from the leadership’s defined vision,
mission and set of values, which inspire actions and reward aligned behaviour. For
strategic project leadership to flourish, it must have the backing of senior
executive management. Further, strategic project leadership skills should be
prominent in learning and development programmes and frameworks. With such
support, strategic project leadership will spread more deeply across the
organisation and become an engine of innovation, top-line growth and bottom-
line improvement.
Yet, organisational cultures involve a much more inclusive and dynamic,
bottom-up effort. Culture derives from common language, experiences, stories
and milestones shared across the organisation. Organisations thrive as a
result of goal-oriented workers and strategic project leadership has the
potential to be the inclusive culture driver you need in today’s business world.
Conclusion Business leaders need every available resource to deliver on key initiatives and
achieve organisational objectives. The right training can help project leaders
and managers gain increased business understanding, establish a presence
across the organisation and deliver project results aligned to key strategies.
Business-unit and department leaders who leverage strategic project
leadership for their initiatives are positioning their teams to advance
organisational priorities and achieving business goals faster.
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