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What is a Project?
Project is a one time work with a
clear beginning, an end, and unique outcomes.
What is Project Management?
Managing projects is not the
same as managing ongoing operations. This work that is unique and
temporary requires different management disciplines.
Project management is both an art and a science. The science of project
management goal setting, project planning, execution and monitoring tools
provide the foundation for success in any project. Learning this basic
science is requisite to practicing the art of project management that
encompasses political, leadership, and interpersonal skills, making and
inspiring creative decisions, and much more.
Jokes:
The Six Phases of a Project
Author unknown
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Enthusiasm
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Disillusionment
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Panic
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Search for the guilty
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Punishment of the innocent
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Praise and honors for the non-participants
Two Approaches to Project
Management
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Project Administration focuses on finding solutions within given
constraints (output, time, and budget); characterized by an early design
freeze that creates a stable target for the project; effective when
duration of the project - or the time required to innovate - is shorter
than the rate of change in the business environment.
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Business Synergies focuses on adding value to the organization and
maximizing return on investment; does not lock down design earlier than
absolutely necessary not to miss a newly emerging opportunity; effective
for managing innovation projects in the rapidly changing environment,
where change cycle is shorter than or equal to the duration of the
project
The
business synergies approach
is concerned with discovering possibilities for adding value to the
organization, not with finding solutions within given constraints. This
entrepreneurial
approach to project management requires you to manage the project as if it
were an independent business venture. But you must also manage with the
larger organizational system in mind...
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Innovation Project Management: The Jazz of Innovation
 The improvisation-driven model for
innovation project
management doesnt discard structure, just as there
is a clear structure to good jazz. In innovation, this structure is created
through
roadmaps,
guiding principles,
business processes, systems and organizational
charts.
Strategic-planning
and road-mapping processes cannot guarantee brilliant flashes of creative
insight, but they can prepare minds and increase the odds that such flashes
occur in real time. Thus structure, as chords do in jazz, serves as a basis
for improvisation,
experimentations,
discoveries and
innovation...
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Radical Project Management
As
radical innovation
projects are characterized by higher levels of uncertainties technical,
market, and organizational, patterns of their journey to the
marketplace are unlike those in incremental innovation projects...
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