Listen to The PM Podcast

Play Now:

The views expressed by Shyam Ramanathan in this interview are his own and not those of his employer

Shyam Ramanathan, PMP, CSSGB, AINS, AU

We live in troubling times. We are facing a global pandemic with many of us following stay-at-home orders, and we see civil and political unrest erupting. There are some political leaders who are stepping up to the challenge, and others not so much.

But what about us project leaders? What can we do to help our project teams, colleagues, organizations and even our social circles face these challenges?

I have invited Shyam Ramanathan to the program today and discuss leadership during crisis and turbulence. Here is what Shyam writes:

In times of crisis like this, we look to leaders for inspiration, hope, and direction. The last word is the key as the first thing to suffer in a crisis is direction. Leaders have a guiding vision for the future and turn to hope when others can only see mud. Let’s hope in this time of enormous crisis it also unearths true leaders who can navigate the turbulent times and move us into a greater future however distant that may seem at this time.

These are the opening words of his article 27 Traits of Strong Leaders in Times of Crisis and Turbulence that we explore in this interview.

Matt Mong and Henrik Lerkenfeld

Matt Mong and Henrik Lerkenfeld of Adeaca are back on the program today to discuss project business from the corporate perspective.

As a reminder, if your company’s products and services are delivered to your clients through projects, then your company is a project business. If we compare this to another industry, then a company that sells consumer goods is a retail business.

In this premium interview, we are going to be discussing the 7 challenges of a project business:

1. Acceptance of Status Quo
2. Failing to identify as a Project Business
3. Optimization of Project Management silos has maxed out
4. Inadequate communication among key stakeholders or “Lack of stakeholder collaboration”
5. Lack of governance/Lack a structured, standardized system of organizing their data
6. Lack of automation
7. Lack of real-time insight

Play Now:

Matt Mong and Henrik Lerkenfeld

What type of project are you currently working on? Is it an internal project, where your own company pays for everything or is it an external project, where an external customer pays your bills? If you are part of the second group, then your project falls into what we call project business.

And now look at your company and the projects you deliver as a whole. Do you see mostly internal projects or external projects? Well… If your company’s products and services are delivered to your clients through projects, your company is a project business.

That means that the term project business is used to classify both individual projects and organizations as a whole. Both are project business. Confused? We can help.

Today we welcome Matt Mong and Henrik Lerkenfeld of Adeaca to look at the term project business from the perspective of a company.

In our conversation, we define the term project business from that angle, we discuss the central characteristics of a project business, briefly talk about some challenges, and look at why productivity in project business is lagging behind other areas like manufacturing or retail.

Play Now:

James Franklin, PMP

Every project that you have ever worked on had at least one constraint. Maybe your current project has a fixed budget and maybe the previous one had to be completed by a certain deadline. But I am also sure of this: your projects had to follow laws and regulations.

The laws you have to follow can be major laws, like Sarbanes-Oxley here in the USA, the protection of personal data laws in the european union, or the intellectual property laws that most countries around the world have. And if you work in aerospace or healthcare then you will know all about rules and regulations concerning personal safety. But on the other hand these must-follow laws and regulations could simply be an internal regulation that tells you that all rental cars must be rented from one particular company.

So laws and regulations limit our choices and freedom to shape our projects.

And to explore this in more detail, we have Jim Franklin with us today. He has managed over $500M of Government contracts in California and knows a thing or two about laws and regulations.