Transforming Project Management
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If You're Curious About These Questions...
You should listen to this audiobook
- Have you ever wondered why even the most meticulously planned projects often spiral out of control when it comes to time and budget?
- What if you could transform project management from a complex administrative burden into a streamlined engine for strategic growth?
- Are you curious about the specific flaws in traditional planning that cause so many high-stakes projects to fail before they even begin?
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Key Takeaways from Transforming Project Management
- Learn how to execute strategic planning properly by mastering three essential steps: assessing your current environment, establishing a clear performance baseline, and setting an ambitious future benchmark.
- Discover why you should build diverse strategic-planning teams of 12 people or fewer, mixing senior executives with ambitious junior employees who aren't afraid to challenge bad ideas.
- Understand the crucial importance of including a project manager in strategic planning to act as a realistic bridge between idealistic executive expectations and actual day-to-day possibilities.
- Find out why traditional budgeting strategies often fail by neglecting hidden, cumulative expenses like staff meetings, recruitment, training, and project initiation.
- Master a new approach to project forecasting by utilizing the 'time value of risk' concept to specifically calculate and account for the expensive dangers posed by schedule delays.
Learning Tools
Reinforce what you learned from Transforming Project Management
Mind Map
Transforming Project Management
Strategic Planning+
The Planning Team+
Budgeting & Risk+
Realistic Scheduling+
Contracting+
The Project Manager Role+
Quiz — Test Your Understanding
Question 1 of 7
In the context of strategic planning, what purpose does setting a 'benchmark' serve after establishing a baseline?
Question 2 of 7
Why does the author advise against having only senior executives on the strategic-planning team?
Question 3 of 7
What unique budgeting concept did the author invent to address the shortcomings of traditional project management recommendations?
Question 4 of 7
When devising project schedules, why should project managers generally avoid assuming employees will work at 100-percent efficiency?
Question 5 of 7
According to the text, which type of contract is considered the 'gold standard' for project management?
Question 6 of 7
What costly legal lesson did the author learn regarding project contracts?
Question 7 of 7
Why is it often a mistake to promote a technical expert, such as a lead app developer, to the role of project manager?
Transforming Project Management — Full Chapter Overview
- 1Recommendation
- 2Ensure your strategic planning focuses on the truly right priorities.
- 3Assemble a mix of people on the strategic-planning team.
- 4Conventional budgeting methods leave out far too many details.
- 5Never overestimate how quickly employees work.
- 6Be careful with contracts—lack of precision can end up costing you dearly.
- 7Being a capable project manager demands genuine skill.
Transforming Project Management Summary & Overview
Transforming Project Management (2021) sets out to address a number of problems in the world of project management. From strategic planning to scheduling and budgeting, it points in the direction of smoother and more successful projects.
Who Should Listen to Transforming Project Management?
- Experienced project managers looking to up their game
- Anyone skeptical about the usefulness of project management
- Executives eager to hire better management consultants
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