Roadmap of Project Management and Changing Role of PM by Ramam Atmakuri

7/30/2019 Roadmap of Project Management and Changing Role of PM by Ramam Atmakuri

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2006, Cognizant Technology Solutions. All Rights Reserved.The information contained herein is subject to change without notice.

Ramam Atmakuri08 Dec, 2012

Roadmap of ProjectManagement andChanging role of PM


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PM It is no more Tactical

Application of PM is mostly attactical level

But, successful organizations

recognize PM as a strategiccompetence


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PM and competitive advantage

P x E brings competitive advantage Selection / Prioritization of

(investments in) projects

Good and consistent Executionbrings credibility


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2012 Macro Business Trends

3 Major Business Drivers forcing organizationstoward greater excellence in project, program and

portfolio management

Slow economic growth+

Shifting Global market priorities+

Push for Innovation

A very risky & complex business environment


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2012 Macro Business Trends

Slow economic growth -> Strategic focus

Shifting Global market priorities ->

Organizational agility

Push for Innovation > open systems


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2012 Project Management Trends

- Better Portfolio management

- Improved practices to increase agility

- Better change and Risk management

- Renewed Focus on Talent Development

- Success = Benefits realization


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Better Portfolio management

Project Portfolio Managers Are RoutinelyInvolved with:

- Review of open projects and their status (85%)- Prioritizing projects or programs (80%)- Standardization of processes, activities or

deliverables (78%)

Source: PMI 2012 Pulse of the Profession Portfolio Management In-Depth Report


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Hallmarks of Effective Portfolio management

The Practices and Conditions that ContributeMost to Highly Effective PortfolioManagement Include:

- Senior management receptivity (78%)- Competent portfolio governance (66%)- Standardized metrics and criteria (62%)- Consistency and logic of organizational strategic

objectives (59%)

- Having a mature PMO (58%)



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How to evaluate Agility

Practices most indicative of Organizational Agility

- Quick response to strategic opportunities- Shorter decision / production / review cycles

- Focus on change and risk management- Integrating the voice of customer- Inter-disciplinary project teams- Elimination of organization silos- Contingency planning

- Use of iterative PM practices- Leveraging technology



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Important benefits of Organizational Agility

Faster response to changing market conditions 71%

Improved customer satisfaction 54%

Overall improved organizational efficiency 55%

More profitable business results 44%

Faster completion of projects 29%

Organizational changes made more quickly or efficiently 38%

Improved employee satisfaction 27%

Cost Savings 25%

Improved risk identification and mitigation 25%


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Talent Development

Organizations Will Renew Their Focus onTalent Development as They Look to Growand Gain Competitive Advantage

Defined career path

Training on use of tools and templates

Development of PM competency


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Changing role ofProject Manager


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The Next Generation Project Manager

Align to Vision

Exemplify Integrity

InfluenceStakeholders

Negotiate successfully

Inspire the Team

Establish vision

83%

80%

80%

75%

73%

73%

Source: PMI Global Executive Council Skills Survey


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Standard Triple Constraint

Time Cost

Scope


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The New Triple Constraint

Techno-

functionalLeadership

StrategicManagement


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Talent Development Next Gen PM


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Next Gen PM other trends

Younger generation entering ProjectManagement profession

Back to Basics

People orientation & Leadership

Adaptability to change

Source: 2011 Pulse of the Profession Survey


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Project Stakeholder Management

Clear Business Objectives are achieved when all the

stakeholders are focused on and understand the corevalues of the project. Stakeholders need to be able to seethe big picture and know how the project aligns with theorganizational business strategies.

It does not matter which road everyone comes

from as long as they end up in the same place.


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Project Stakeholder Management


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Integration is important


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24 2006, Cognizant Technology Solutions. Confidential

Thank [email protected]

Roadmap of Project Management and Changing Role of PM by Ramam Atmakuri

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