The recent International Project Management (IPM) Day no doubt saw various events and celebrations take place around the world. All well and good I hear you say.
Well perhaps so but remember that strategies continue to fail at over 70% (EIU) and programs of work and projects continue to waste huge amounts of money -$3million every minute (PMI). It’s therefore time to reflect and shift the focus to one of value rather than compliance and/or process adherence that seems to be so commonplace.
The acceleration of the VUCA world will continue to put pressure on organisational leaders to change, transform, or simply just catch-up to stay relevant. Boardroom directors, c-suite executives, and other leaders must shift their business approaches to one that is driven by a value creation and capture philosophy.
Success here lies in the adoption and integration of a number of key attributes around speeding-up and reducing waste. These include pivoting around the ‘3P’s to Success’ (purpose, people, performance), and value management that’s coupled to a higher level of portfoliomanagement.
Collectively I roll those into the ‘The Age of Simplification’ where one sets out to free the entity from the mid-management process centric stuff that I refer to as the organisational handcuffs, to allow for adaptability, and nimbleness to be quickly deployed as the need arises.
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About Iain Fraser
Iain Fraser is known throughout the world for using his head, heart, and gut to deliver inspiring and thought-leading presentations.He is truly somebody who understands the need for organizational change towards entities that are focused on creating, delivering, and capturing value.Author of the top-selling business book ‘The Business of Portfolio Management -Boosting Organizational Value through portfolio management’ as well as other publications. He uses his 30+ year professional and leadership experiences to craft his speaking, training, mentoring, and professional director activities.