Keynote to Educate on Successful Projects
eCameron provides a variety of keynotes and seminars for your company or organization. They are broken into three groups:
- Business Advancement Series – addressing business leadership topics from strategic planning to implementation as they relate to running projects successfully.
- Visualizing Change Series – change management and the challenges in adopting new processes.
- Back From RedTM Series – focusing on topics that are directly associated with properly running projects in any organization.
Leadership is a journey. Events in our personal and professional lives shape us as leaders. In a heartbeat, how we lead and its impact can change our lives, those of our loved ones, and the people around us. The most trying of these events come in our personal lives. Personal events, such as serious illness or death of a loved one, are high-stress, emotional situations where we must be leaders with little or no authority. A skill that is also indispensable in the office, for instance, when working for a difficult boss, being fired, or any number of other circumstances where we have little or no control. These “leadership passages” shape us as leaders. Understanding how these situations affect our leadership strategies, traits, and actions that make up our leadership style, helps us overcome seemly insurmountable challenges.
Estimates for the annual cost of project failure are as high as two trillion dollars a year. The rates for projects being at risk are in the 60-70% range, and a quarter of all project's problems are so bad they are simply canceled prior completion. Preferably, all projects will run according to plan. However, moving from a 60% failure rate to 0% is unrealistic. To improve success rates, organizations must first understand what it is that makes their projects fail. Reasons range from methodology to human failure to lack of executive commitment. Taking a systems approach to analyzing projects uncovers all the factors that are contributing to the failure.
Executives define vision, strategy, and goals to advance the business. Projects enable companies to meet those goals. Between strategy and projects, there is a lot of work to be done—work that lays the foundation for project and operational success. Through experience and research, six common gaps exist in organizations that inhibit project success—absence of common understanding, disengaged executive sponsors, misalignment with goals, poor change management, ineffective governance, and lackluster leadership.
Leaders define vision. A business turns vision into value. It still takes a team of executives, managers, project managers, and individual contributors to drive the projects that build the capabilities transforming businesses. Ergo, projects are the enablers for turning vision into value.
Executives build PMOs to ensure people follow a process. Companies require project management certification. Project managers have religious battles over agile and waterfall. Mistakes occur and managers implement more processes to prevent their reoccurrence. Yet there is another philosophy that says this is the wrong direction completely. This ideology feels that people need more independence and less bureaucracy. The people who follow this think that people need more leadership training. People or Process, as the name implies, looks directly at these arguments and the role of people versus process in a project's or an organization’s success or failure.
The ability to deliver initiatives that make breakthroughs in the business is the differentiator of a truly successful organization. However, project success rates are dismal. Failure rate estimates range from 40-75% of projects are over budget, late, or fail to deliver the required functionality.
The subpoena shows up at the front desk and you get the call to come and pick it up. You get that nauseating feeling in your gut that it is going to be a long day… no… a very long year. The subpoena asks for every contract, statement of work, change order, log, email, document, physical mail, specification, test document, picture, drawing, scratch note, etc. that ever existed on your project. You reflect back on the project and wonder how many corners you cut for the sake of getting the project done.
We all know ethics plays a large role in running projects. When you are rescuing a project and trying to solve root cause issues, however, it is even more critical. When projects have gotten to the point of requiring rescue, the actions of bringing in a recovery manager are usually coincident with talking to lawyers about alternative routes. One must be very thorough and mindful of the fact that news of the failure can hurt stakeholders, stockholders, and ordinary innocent people.
Project failure is rampant in nearly every industry. In the US alone, the cost are huge with estimates running as high as a trillion dollars a year. In most cases, the project manager and his or her team are blamed. The project, however, is only the symptom with the source of the failure imbedded in the organization. Project pressure stresses the weak links in the organization causing them to snap.