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By James Norrie

A path of mismanaged or terminated initiatives in recent times has fee the North American economic climate $100 to $150 billion money each year in misplaced productiveness and shareholders capital. regrettably, the distance among venture choice and undertaking execution is usually symptomatic of the onset of undertaking Fog, an all too typical company state of affairs during which tasks are all started and stopped regularly; assets fall wanting the venture workload to be accomplished; and, in spite of everything, the full attempt is obvious as a failure. A consultant to sidestepping the standard dangers that frequently spell venture Fog, this publication bridges the space among executives who advance approach and judge what initiatives get licensed, and the undertaking managers who've to execute these initiatives perfectly. It offers a roadmap in order that undertaking managers can associate with executives to align their portfolio of tasks with total enterprise process, making sure that things get performed correct.

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Extra info for Breaking Through the Project Fog: How Smart Organizations Achieve Success by Creating, Selecting and Executing On-Strategy Projects

Example text

And it’s not an easy career…so to really answer your question, I pick project managers who aren’t really project managers. They are simply good managers who happen to pick to work on projects! What’s the biggest challenge we face today as project managers? I stumbled into this field but would likely have not have chosen it. There are days that it’s pretty strange for me to recall what we did before we had project management, but more and more we are structuring work and jobs at the bank as projects, creating demand for people with good project management skills to lead them.

3. In its present form, it seemed to offer limited benefits. As a result, many of those in the room were resisting PPM because it could risk their social capital or reputation within the company. This may be as much a result of the way PPM was being implemented as it was PPM techniques themselves. However, it did make clear that if the project management profession was to become more strategic, and implement PPM effectively in partnership with executives, changes were going to have to be discovered that would enable better outcomes.

In fact, others have previously questioned this whole notion of the profitdriven corporation and its potential negative impacts on society, government and the environment by promoting an increased need for corporate social responsibility (CSR) among global enterprises. But where would goals related to, for instance, protecting the environment, fit into a model of project selection that is essentially profit- or return-driven? Obviously, projects like this are not going to necessarily show a positive return and so would not be highly scored in most cases by scoring models with a financial bias.

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