Modern Project Management: The Truth of the Matter is… Ty Howard, PMP “Brand U!” To Nights Journey… Discuss real-world challenges that project managers face and how these challenges can be opportunities for growth Present skills that will be vital for the success of future project managers Explore the blending of both the art and science of project management Call to action: Create your own style and brand "Brand U" 2 “Brand U!” “Real-World” Challenges – Exciting Times! Global Management Quick-Faster Cheaper – Microwave Society Greater The Innovation=More Change= More Project Fear of a New Species of Mid-Level Manager 3 “Brand U!” “Real-World” Challenges – Exciting Times! Those who know versus those who don’t Unhealthy Organizations New Employment Paradigms Business-Survival of the Fittest 4 “Brand U!” Evolution of Business 1900 Industrial Age Before 1800 Nature of Work Before 1800 – Crafts Phase-Farming Tasks Leadership Management M Leadership L T Management Team Driven Micro-businesses 2000 Networked Model Leadership Before 1800 Nature of Work Labor - Tasks M L T Before 1800 Nature of Work M Before 1800 Nature of Work L T M Before 1800 Nature of Work L T M Before 1800 Nature of Work L T Management M L T Labor - Tasks 5 “Brand U!” Where is Project Management Going? Tom Peters: 1992 book, Liberation Mgmt- writes about need for companies and individuals to improve PM skills Fortune Magazine: Calls Project Manager the Number One Career Choice in the Post Reengineering World 6 “Brand U!” Where is Project Management Going? "The Corporate Jungle Spawns a New Species, Fortune - Tom Stewart “Super Project Managers” PM 7 “Brand U!” …continued …Where is Project Management Going? Top 4 IT Certifications 10th Best Seller in Business Weekly 10th Most powerful professional organization in the state Over 250,000 members Over 150 Countries 8 “Brand U!” Exercise 1 Identify 3 of the Greatest Leader’s Throughout History at your table. Debate amongst yourselves. And then have a person take lead in presenting. Who are they? When and under what circumstances did they emerge as a leader? Why they would be considered a leader and what was the cause or situation? What set this person apart from others involved in the cause? 9 “Brand U!” Vital Skills for the success of future project managers CEO Skills –vision, leadership, instinct, risk management, team building Being comfortable with being uncomfortable Ability to Learn, Unlearn, and Relearn Communication – 90 Percent of what PMS do “Stick-to-itness” – Don’t abandon what you know to quickly PMP Certification – Speaking and Knowing the Language 10 “Brand U!” Increasing Demand Project Manager III (IT -- All) Responsible for the coordination and completion of projects. Oversees all aspects of projects. Sets deadlines, assigns responsibilities, and monitors and summarizes progress of project. Prepares reports for upper management regarding status of project. May require a bachelor's degree and at least 7 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work Alsodegree from Robert Half's 2005 report, of others. A wide of creativity associates and latitude isfirst-year expected. Typically working as inhouse counsels are reports to a manager or headat ofcorporations a projected to earn average annual unit/department . starting salaries ranging from $50,000 to $76,750. 11 “Brand U!” Financial Perspective PM-vs-Law Opportunity Cost – Equal to the amount of money that would have been made if person worked. College Debt (average around 70 k – Did not include Undergrad) Years of Working Money – Wealth accumulation – 4 Year Head start Scenario-Mock-up w/ 50K Assumption Made Law School (does not include financing) Wealth Accumlation at 7 percent of salary a year (@50k) Opportunity Cost (@ 50 k a yr for 3yrs Note: extra 23,000 a year would cover this in 10 years (not including financing) $ 70,000.00 $ 10,500.00 $ 150,000.00 $ 230,500.00 $ 23,050.00 HTML Document 12 “Brand U!” Tools and methods to ensure PM successful in a modern world Communication..communication Visibility of success (Portal, Reports, Portfolio Management Systems, Quantifying Results) Be a Smart Carpenter – know what tools to use and when (WBS,Diagrams, Conflict, Politics, Management, Techniques, Brainstorming, Forms) 13 “Brand U!” Tools and methods to ensure PM successful in a modern world Stand-up! - (PM vs Expeditor vs Coordinator) Do not stay in survival mode “Sharpen the Sword” Covey Realize your value! 14 “Brand U!” Exercise 2 Is Project Management more Art than it is a science or is it more of a science than Art? 15 “Brand U!” Blending of both the art and science of project management Leadership: Art of Accomplishing more than the art of Science Says is Possible Best Project Managers are Outstanding Leaders Vision, Motivate, Bring People Together to Accomplish Great Things Ensure that everyone understands the vision and mission task at hand • Napoleon Turn an abstraction (idea) into something concrete Realize that both theory and real world when merged together creates harmony! 16 “Brand U!” Exercise 3 At your table create the ultimate Project Management – Consider: Type Of Personality Strongest Attribute What others say about them? What is there biggest challenge and how do they handle it? Where is their career heading 17 “Brand U!” Leadership – Powell Principles Know When to Piss People Off Promote a Clash of Ideas Day Team Members Stop Bringing You Problems "Don't Go Looking For NO!“ Challenge the Pros...Every organization should tolerate rebels who tell the emperor he has no clothes "Keep Looking Below the Surface...Do not shrink because you might not like what you find.” 18 “Brand U!” Leadership – Powell Principles People over Plans...Plans don't accomplish work. Goal Charts on walls don't accomplish work...it is people who get things done!“ "Trust those in the Trenches“ "Perpetual Optimism is a Force Multiplier“ "Prepare for Loneliness - Command is Lonely" 19 “Brand U!” Other opportunities to blend Art and Science for PMs Act as if you are taking the PMP Exam when responding to issues Ensure that Project Management Plan is an Active Living Document 20 “Brand U!” Overcoming Obstacles to Excellence St. Peter at Gate - Greatest General 21 “Brand U!” Organizational Politics – Bell Curve Good Fence Bad Fence – “I’m on This side! 22 “Brand U!” Draw Your Circle Big! Desire Confidence Integrity You! Commitment 23 “Brand U!” Draw Your Circle Big! You! 24 “Brand U!” Call to action: Create your own style and brand "Brand U" Your own style-Borrow-Beg-Steal…but create! Be the Chief Cheerleader- and Leader for your team 5 Steps to adhere to Professional Presence: Recognize the Inherent Power of Your Professional Presence Establish Effective Nonverbal Communication Create your virtual presence- Bring energy! Understand Business Etiquette Develop Social Savvy 25 “Brand U!” Continued.. Create your own style and brand "Brand U" Are you better this year than you were last year What business are you in..what is your value proposition 26 “Brand U!” Closing Parable Parable of the Eagle 27 Questions-CommentsExperience?