Strategic Project Management

Project management in today's global markets requires an entirely new set of leadership, management and technological skills because many of today's projects are critical to the strategic direction and vision of the organization. As a consequence, project management is no longer merely a low profile, fill-in activity. It requires a high degree of commitment to both operational and fiscal results, an acceptance of accountability for conformance to project stakeholder requirements, and exceptional leadership skills with which to forge a synergistic chemistry between diverse functional groups. Success in today's dynamic, complex business environments is predicated on:

  • The ability to accurately understand the complexities of the business and project environment, create a project plan that considers the lowest risk, lowest cost, and lowest impact approach to implementation, and the tactical skills to ensure successful implementation through effective control and risk management.
  • The marketing, soft selling, and negotiating skills to accurately assess stakeholder requirements and expectations, and then to effectively balance them against the actual capabilities of the project team to ensure the critical strategic alignment.
  • The organizational skills to select, develop, and motivate personnel from diverse organizational and functional groups to ensure that they can and will work together to attain defined project objectives.
  • The ability to develop and implement project management control processes to ensure that the project remains on schedule and within budget, while consistently controlling the internal and external risk factors that could derail the project during both planning and implementation processes.
  • The follow-through to ensure that corrective actions are taken quickly and decisively, thus guaranteeing that the project objectives are never compromised.

Class Details

Class Name:
Strategic Project Management
Description:
Project management in today's global markets requires an entirely new set of leadership, management and technological skills because many of today's projects are critical to the strategic direction and vision of the organization. As a consequence, project management is no longer merely a low profile, fill-in activity. It requires a high degree of commitment to both operational and fiscal results, an acceptance of accountability for conformance to project stakeholder requirements, and exceptional leadership skills with which to forge a synergistic chemistry between diverse functional groups. Success in today's dynamic, complex business environments is predicated on:
  • The ability to accurately understand the complexities of the business and project environment, create a project plan that considers the lowest risk, lowest cost, and lowest impact approach to implementation, and the tactical skills to ensure successful implementation through effective control and risk management.
  • The marketing, soft selling, and negotiating skills to accurately assess stakeholder requirements and expectations, and then to effectively balance them against the actual capabilities of the project team to ensure the critical strategic alignment.
  • The organizational skills to select, develop, and motivate personnel from diverse organizational and functional groups to ensure that they can and will work together to attain defined project objectives.
  • The ability to develop and implement project management control processes to ensure that the project remains on schedule and within budget, while consistently controlling the internal and external risk factors that could derail the project during both planning and implementation processes.
  • The follow-through to ensure that corrective actions are taken quickly and decisively, thus guaranteeing that the project objectives are never compromised.
Audience:
This program was designed for experienced and novice project managers alike from diverse industry segments. Business and product managers at all levels will also find this an ideal seminar to isolate methodologies to better monitor and control their projects.
Duration:
2 Day Course
Language:
English

Learning Objectives

During this program, participants will learn how to:

  • Identify the tools and techniques used by effective project managers from a wide array of industries
  • Explain how to establish a project scope that is aligned with both stakeholder expectation and organizational capabilities
  • Identify how to establish result-oriented stage gate performance metrics to guide your project throughout implementation
  • Describe essential project management tools including project planning, risk management, procurement management, stakeholder management, budget and control, communication management, quality and compliance management, situational assessments, decision analysis, root cause analysis, critical path and critical chain techniques, resource leveling, earned value management and forecasting techniques, Gantt, PERT and many more
  • Describe how to select the best members for your project team, motivate and discipline them
  • Recall the secrets of trade-off analyses to ensure that the project is never compromised in the eyes of the stakeholders
  • Explain the importance of project documentation and Lessons Learned

Outline At-a-Glance

  • Project Management Evolution…Overview of PM Tools, Processes, and Techniques
  • Acceptance of Responsibility
  • Project Scope Management...Alignment of the Customer's Expectations and Requirements:
  • Project Human Resource Management...Organizing for Success Through Closed-Loop Management
  • Project Communications Management...Managing Perception
  • Project Analysis...Situational Assessment, Preliminary Failure Analysis, Decision Analysis
  • Project Time Management...Building the Project Plan to Reflect Real Constraints
  • Project Cost Management...Building the Project Budget, Financial Controls, and Forecasting Tools
  • Project Quality Management...Satisfying Expectations and Compliance Requirements
  • Project Procurement Management...Managing Critical Acquisition Processes
  • Project Risk Management...Controlling the Downside Effectively Through Quantitative Analysis
  • Project Stakeholder Management...Ensuring Project Alignment