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The Value of Social Media for Project Managers

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We discuss the growing culture of Social Media and how its finally starting to be utilised by Project Managers and Project Management firm. Take a look and see how we can see it improving your ...

We discuss the growing culture of Social Media and how its finally starting to be utilised by Project Managers and Project Management firm. Take a look and see how we can see it improving your business practices.

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  • About.com also found that companies using the web to share content and educate their audiences are more likely to establish authority and a sense of transparency that drives perceptionEighty-three percent of consumers said they trust companies that offer different resources aimed at educating them 
  • LeaderA team leader can be an active participant in team decision-making, or she can be an administrator who abides by the rules and guidelines set forth by a consensus among team members. The role of the leader depends on the responsibilities she has within the team, but an effective team has someone in charge to help maintain order and move the team forward.SpecialtiesEach member of a team has a specialty that he can use to contribute to achieving team goals. The organizational structure of the team is based on the effective use of team resources to meet company demands. The segmentation of the group into areas of expertise is what allows the team to process information and develop effective solutions to issues.Quality ControlEvery team has a person, or group of people, responsible for making sure that the work generated by the team is up to its standards. For example, authors submit their work to editors to be checked for accuracy, proper content and grammatical structure. Work is not released from the team for company consumption until it has passed the standards of the quality-control structure put in place by the team.Conflict ResolutionTo remain effective, a good team has a process in place for internal conflict resolution. It may be the team leader who decides the outcome of a conflict, with the team members agreeing to abide by his decision. Alternatively, conflict may be resolved in a team meeting. Regardless, in order to prevent internal conflict from affecting productivity, the organizational structure of a team must include a detailed, comprehensive process for conflict resolution.
  • The asset management and private banking company Schroders is turning to social media to help its staff communicate more effectively and to cut spiralling volumes of e-mail. The financial services company plans to roll out social networking tools by using collaboration tools that came bundled with Schroders' content management system Vignette.It's about being able to communicate and collaborate more effectively. Most organisations are using a very limited tool set to communicate and collaborate - face to face and e-mail. But externally on the web a whole suite of tools have been made available to communicate. That's the idea, simply taking the benefit from the web and bringing it internal," he said.
  • People’s natural yearning to belong to a group and interact with others in a meaningful way. It turns the project into a temporary social structure, where the quality of collaboration will determine the quality of the project to a great extent. The open-plan structure creates a clear understanding of how all team members are contributing to the project, which encourages involvement and cultivates trust. The use of social tools gives each team member a voice, which in turn breeds creativity and fosters innovation.
  • 2. There are five broad ways in which using big data can create value. First, big data can unlock significant value by making information transparent and usable at much higher frequency. Second, as organizations create and store more transactional data in digital form, they can collect more accurate and detailed performance information on everything from product inventories to sick days, and therefore expose variability and boost performance. Leading companies are using data collection and analysis to conduct controlled experiments to make better management decisions; others are using data for basic low-frequency forecasting to high-frequency nowcasting to adjust their business levers just in time. Third, big data allows ever-narrower segmentation of customers and therefore much more precisely tailored products or services. Fourth, sophisticated analytics can substantially improve decision-making. Finally, big data can be used to improve the development of the next generation of products and services. For instance, manufacturers are using data obtained from sensors embedded in products to create innovative after-sales service offerings such as proactive maintenance (preventive measures that take place before a failure occurs or is even noticed).
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