Speaking Oct 8 at PMI Pikes Peak Chapter Meeting

I’m speaking at the Oct 8th meetings of the PMI Pikes Peak Chapter. I’ll talk about getting back to basics for the pre-dinner workshop meeting. For the keynote address during the dinner meeting, I will talk about how to create a Wow project. To learn more or register for this event, please go to: PMI PPRC website to register

 

 

PIE Risk Tool

Here are three short videos I created for a recent MBA class where I show how to use the PIE methodology for risk prioritization and evaluation.  This powerful tool works!  So if you have trouble with determining which risk to address first, this tool will make a difference.  View the videos here…

PIE Risk Tool Video 1

PIE Risk Tool Video 2

PIE Risk Tool Video 3

Is Project Management Hot?

PM: Is Project Management Hot?

Are you a project manager?  Do you find yourself looking into the field of project management as a possible career move/change?  If you are currently a project manager or contemplating the field, you are on a solid career path!  I viewed a recent article from CareerBuilder.com in which top certifications were examined.  Guess which certification was number one of their list?  Yes, it was the PMP (Project Management Professional) or what others call being a certified project manager.

This was no surprise to me.  For many years now, the Project Management Institute has been saying that project management is critical and in demand.  Specifically, the PMP is in demand.  Many organizations and industries look for people with the PMP because the value of this certification is recognized world-wide.

While having the PMP isn’t an indication of talent or success, it is a step in the right direction.  Successful project managers know that results and performance remain the ultimate measures of success.  Just the same, the PMP never hurts any person’s resume.  Why is it in demand?

In part, I must say that it is quite clear.  We are seeing more and more projects all the time.  More and more work is moving away from the area known as process and morphing into projects.  In a recent University doctorate level leadership class, our text’s author confirmed this movement.  Management guru Tom Peters stated it best years ago when he said that we are transforming into what he calls a “projectized world.”  Look around and you too will see more projects all the time.  Have you ever stopped to consider where these projects are?  Here are some examples—wedding ceremonies, movies, construction, software development, and so much more.  One of my personal favorites is the example of how a movie is produced!  We also see more trends such as “super temps” becoming more widespread.

So if you manage or lead projects now, you are in the right place.  If you have your PMP, congratulations!  If you are considering the PMP and working in the field of project management, I’d like to answer your questions and help you find answers.  Project management has been around in many forms for years and it will continue to be in demand for many, many more.

The 80/20 Rule For Decision Making

Leadership:  Use the 80/20 Rule for Decision Making

As a manager or leader in your organization, you make many decisions.  However, do you always have all the information you need or want when the time comes to decide on a course of action or choice?

The answer to this question is most likely no.

As you already know, I’ve been involved with management and leadership issues for over 30 years now.  And it is obvious to me that most, if not all, people don’t have all the information or data or inputs that they would like to have when making a decision at work.  In fact, I would go further to say that our decisions are almost always made on the basis of incomplete information.  Think about the times you have purchased a car…

How comfortable were you when buying a car?  Did you know everything about the car?  Did you feel completely sure about the purchase?  You see, most of our large purchases involve incomplete information.  In fact, sales people know this and make sure that you and I don’t suffer from “buyers remorse” or the feeling of making the wrong decision.  So sales people may send you a small gift after the purchase to help you feel good about the action you just took.  Does the same kind of thought strike us with decisions at work?

Most of us second-guess our decisions.  That is normal.  So what is my point with this?

We need to realize that decisions are made with incomplete information and that we need to gather about 80 percent of the data in order to make an informed decision.  In other words, it is highly unlikely that we will know everything possible before making the decision.  Therefore, once you hit the 80 percent level, make the call and go on.  There will be about 20 percent of data out there that make take too long to gather.  So the question becomes one of how much data or information is enough to meet that 80 percent level?

Perhaps set an “information target” before making the decision.  Determine what is critical or important when it comes to the situation.  Gather the inputs that your really need to make you comfortable with the decision.  In most cases, your intuition will be your guide and help you know when you have enough input.

The great managers and leaders knew this concept.  Remember from your history lessons how people in the past had to make tough calls without all the information.  Those famous people knew that only 80 percent of the information would be sufficient to guide them in the process.  Waiting for the final 20 percent wasn’t worth it.  Time was of the essence in most of those cases too.

So in making your decisions tomorrow and later, get to the 80 percent level, then make the decision and go on.  This way, you will not suffer from “paralysis by analysis” as you go about your daily decisions.  Good managers and leaders know this concept-now you do too.