Implementing strategic projects - A business leader's view
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Implementing strategic projects - A business leader's view

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A copy of the presentation Ira Hendon delivered to local business leaders at an Early Morning Networking Breakfast sponsored by the Illinois Lake County Chamber of Commerce on Friday, June 21, 2013.

A copy of the presentation Ira Hendon delivered to local business leaders at an Early Morning Networking Breakfast sponsored by the Illinois Lake County Chamber of Commerce on Friday, June 21, 2013.

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  • 06/21/13 20:52
  • 06/21/13 20:52
  • 06/21/13 20:52
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Implementing strategic projects - A business leader's view Implementing strategic projects - A business leader's view Presentation Transcript

  • Delivering Strategic ProjectsA business leader’s/owner’s viewJune 21, 2013Early Bird Breakfast NetworkLake County Chamber of Commerce
  • Learning objectives• Share globally recognized definitions of the termsproject, program and portfolio• Share five tips and action items business leaders canimplement immediately at virtually no costLCCC Early Bird Networking Breakfast - June 21, 2013 2
  • Agenda• Common Terms– Project, Program and Portfolio– Strategic initiatives / projects• Useful Tips– Tip #1 – Clear vision of the desired end result– Tip #2 – Foster an environment for straight talk– Tip #3 – Test scope and plans for reasonableness– Tip #4 – Realize milestone delays effect overall schedule– Tip #5 – Ask probing questions• Q&ALCCC Early Bird Networking Breakfast - June 21, 2013 3
  • 4Common Terms - ProjectTemporary Definite Beginning and End Objectives achieved or not Need for project no longerexistsUnique Deliverable(s) Product, Service or ResultA project is a temporary endeavor undertaken tocreate a unique product, service or, result.Progressive Elaboration Developing in steps Progressing inincrementsProjects versus OperationalWork Projects are unique andtemporary Operations are on-goingLCCC Early Bird Networking Breakfast - June 21, 2013
  • 5Project ExamplesSmall Business Preparing the RFI / RFQResponse Planning an event Launching a new product orservice Planning and implementing newbusiness processes and/or tools Building an iPhone, or Androidapp for your business Renovating a facility Building a road Developing a Proof of Concept(POC) Moving a department to a newoffice locationGovernment Preparing the ProcurementManagement Plan Preparing the Contract Statementof Work Preparing the Qualified SuppliersList Correcting a supplier issue Procuring resources for a specificinitiative or project Implementing a strategic initiative Preparing a custom report for aFreedom of Information Actpresentation / responseLCCC Early Bird Networking Breakfast - June 21, 2013
  • 6Common Terms – Program and PortfolioA program is defined as a group of related projectsmanaged in a coordinated way to obtain benefitsand control not available from managing themindividually.A portfolio refers to a collection of projects orprograms and other work that are grouped togetherto facilitate effective management of that work tomeet strategic business objectives.LCCC Early Bird Networking Breakfast - June 21, 2013
  • What is a strategic project?• Strategy is a high level plan to achieve one or moregoals under conditions of uncertainty – Wikipedia• A method or plan chosen to bring about a desiredfuture, such as achievement of a goal or solution to aproblem – businessdictionary.com• Competitive strategy is about being different from yourcompetition – Michael PorterLCCC Early Bird Networking Breakfast - June 21, 2013 7
  • Tip #1 – Clear vision of the desired end resultLCCC Early Bird Networking Breakfast - June 21, 2013 8What does the end result look like?How do we know we hit the target?As the sponsor, make sure your team(s) are clear on the desiredoutcome and what is in and out of scope?What is in scope?What is out of scope?
  • Tip #2 – Foster an environment for straight talkLCCC Early Bird Networking Breakfast - June 21, 2013 9Most business leaders find outabout major issues too late to fix?As the sponsor, make sure your team(s) understand they need toshare bad news earlier than laterTeam needs to be comfortablesharing bad news?You do not have to like the badnews…However, you need toknow there is bad news.
  • Tip #3 – Test scope and plans for reasonablenessLCCC Early Bird Networking Breakfast - June 21, 2013 10As the sponsor, make sure your team(s) strive to identify 100% ofthe major work required up front…if the work effort is not welldefined, your team will stall downstream…this will cost yourorganization time and money.
  • Tip #4 – Realize milestone delays effect overallscheduleLCCC Early Bird Networking Breakfast - June 21, 2013 11As the sponsor,understandmilestonedelays willnegativelyimpact youroverallschedule.
  • Tip #5 – Ask probing questionsLCCC Early Bird Networking Breakfast - June 21, 2013 12If you do not understandsomething, ask!As the sponsor, critical thinking and probing questions are yourfriend…The only bad question is the one that was not asked.Use your critical thinking skills tohelp you identify good probingquestions.Make sure you understand theimplications of a pendingdecision.
  • 13Question and AnswersLCCC Early Bird Networking Breakfast - June 21, 2013
  • 14Shameless self promotionLCCC Early Bird Networking Breakfast - June 21, 2013Hendon Group, Inc. is a full service portfolio, program and project leadershipprofessional services, consulting, training and coaching services provider. Foradditional information, please visit our website at hendon-group.com