Today I would like to share this very informative Infographic from Knowledge Train on the Definition of Portfolio Management.
As per the PMI definition:
Portfolio Management is the coordinated management of one or more portfolios, a component collection of programs, projects, or operations, to achieve organizational strategies.
In order to cope with the more complex and unpredictable world we live in today, you need portfolio management.
Visit the blog listed below for an interesting article about portfolio management.
As Project Managers we all need to use Presentations as one of the channels we communicate with. As part of our daily job, some project managers become really good at it and know how to engage with their audience through powerful presentations.
For most people the ability to deliver great presentations starts with practice that comes from experience, but also from adequate planning and lots of preparation.
Below is an ebook consisting of advice from experts who share their secrets to giving powerful presentations that will get people to take action.
Enjoy the read!
The saying “no man is an island” becomes especially true on a project. Working on a project usually means working within a team. Whenever two or more people are put together, the potential for issues and conflict cannot be ignored. The dynamics of a team are difficult to predict and are shaped by team members’ similarities and differences. Understanding and working with group dynamics is key to ensuring positive project results.
Communication
Clear communication is the cornerstone of a successful team, and absolutely vital to the success of a project. It is a project manager’s responsibility to give clear direction and advice and to empower each team member to execute his or her tasks confidently. The lines of communication should be kept open at all times. Team members need to feel comfortable raising any issues with their management team. This helps to foster a flexible team that’s able to respond swiftly to crises or unexpected changes. On the other hand, if communication is unclear and team members are not encouraged to give feedback, the team becomes dysfunctional and results suffer.
Innovative thinking
How innovative a team is, depends to a great degree on the atmosphere of their working environment. A team that feels stifled cannot be creative, no matter what the credentials or talents of its individual members. Criticism should be structured in a constructive manner, a positive, supportive atmosphere that rewards innovation needs to be fostered, one which encourages team members to take creative and calculated chances. This also enhances the problem-solving capabilities of the team.
Motivation to succeed
Leaders who try to intimidate their team members into performing are barking up the wrong tree. Motivation is what makes team members excited to contribute and even go above and beyond the call of duty. On the other hand, unmotivated team members will try to get by doing just the bare minimum, which will have a huge impact on quality. Understanding what motivates team members will enable leaders to find the right incentives.
Trust
Team members need to trust each other to be able to work well together and it takes time to build a cohesive team. Observe your team members closely and you will find that some might try to conceal their weaknesses from their colleagues, while others might lack the confidence to let their abilities shine. A project manager needs to understand the strengths and weaknesses of his or her team in order to build a climate of trust and mutual respect.
Team dynamics are not only complicated but can also have a huge impact on the success of a project, regardless of the abilities of each individual team member. A good project manager should be able to help a team to reach its maximum potential in terms of efficiency and ability.
About the Author: Natalie Athanasiadis is a PR and digital marketing guru specializing in working with large organisations in the project management field including Unispace. Get social with her on Twitter @natalieathana
As a Project Manager you need motivation to excel in all aspects of your role. Here are 15 quotes about leadership, people management, project planning, success and failure. I trust that reading and sharing this will inspire you!
An excellent Leadership ebook has been released by AtTask containing lessons from well-known Project, Program and Portfolio Management experts about making the transition from project management to project leadership.
Gartner predicted a massive change in the world of project management—a change that is forcing project managers into a greater leadership role and requiring them to work closely with senior executives. Making the shift from project management to project leadership isn’t easy, but the rewards can be significant. Read the stories for inspiration to become a better leader.
The 5th of December 2013 was a tragic day for South Africa, the passing of Nelson Mandela at the age of 95. He has changed the course of modern history because of his fight against apartheid, the 27 years spent in prison and serving as our nation’s first black president of a democratic elected government.
As a leader he will always be remembered for his passion to fight for his vision, his willingness to forgive, freedom for all and reconciliation.
Nelson Mandela was born the son of a tribal chief in Transkei, a Xhosa homeland. Many South Africans of all races call him by his clan name, Madiba, which means “reconciler,” as a token of affection and respect.
Imprisonment
A statement made during the sabotage trial in 1964 by Mandela showed his ideal:
“During my lifetime I have dedicated myself to this struggle of the African people. I have fought against white domination, and I have fought against black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony and with equal opportunities. It is an ideal which I hope to live for and to achieve. But if needs be, it is an ideal for which I am prepared to die.”
He was sentenced to life in prison, which he spent mostly at Robben Island off the coast of Cape Town.
In his autobiography, “Long Walk to Freedom,” he would write about his life after prison:
“As I finally walked through those gates … I felt — even at the age of seventy-one — that my life was beginning anew.”
President of first democratic elected government
South African President Nelson Mandela takes the oath
When Mandela became President in 1994, he closed his inauguration speech with:
“Let freedom reign. The sun shall never set on so glorious a human achievement! God bless Africa!”
Mandela celebrated holidays and hosted friends among the huts of rural Qunu in a replica of the prison guard’s home where he lived during his final days of confinement. Qunu is also where he was buried on 15 December 2013. About 5,000 people attended the state funeral, and millions more watched it on television.
Father of the Nation
Nelson Mandela is known as the father of the nation. This is evident when looking at new banknotes, released by the central bank in 2012, showing his face. Mandela statues are in front of buildings and squares; places are named after him. South African Airways even emblazoned his silhouetted image on planes.
There are some famous projects associated with the Nelson Mandela Foundation. From the Centre of Memory a $1.25 million project to digitally preserve a record of Mandela’s life, went online last year. The project by Google and Mandela’s archivists gives researchers access to hundreds of documents, photographs and videos.
The Nelson Mandela Children’s Fund (NMCF) is a charitable organization founded by Nelson Mandela. Its mission is to help individuals from birth to age 22, and particularly orphans of the AIDS crisis. The fund currently has offices in Johannesburg, South Africa (Head Office) and in London, United Kingdom, which focuses on fundraising.
The ‘Nelson Mandela Day’ project is to inspire individuals to take action to help change the world for the better, and in doing so build a global movement for good. Ultimately it seeks to empower communities everywhere.
Mandela’s last public appearance was in 2010. It was during the Soccer World Cup 2010, hosted by South Africa at the Soccer City stadium when he smiled broadly and waved to the crowd during the closing ceremony of the World Cup.
The other unforgettable appearance during a sport event was during the 1995 Rugby World Cup, hosted by South Africa, when he appeared at the final in Johannesburg, wearing a Springbok jersey to congratulate the victorious home team.
Visionary leader
He will be remembered as a visionary leader who managed to unite South Africa and who set an excellent example to leaders. As stated by Joyce Banda, the president of Malawi: “Leadership is about loving the people you serve and the people you serve falling in love with you. It is about serving the people with selflessness, with sacrifice and with the need to put the common good ahead of personal interests.”
That is what Nelson Mandela stood for and how he has won the hearts and minds of many people not only in South Africa, but all over the world. He was truly inspirational as captured in many of his quotes:
“A good head and a good heart are always a formidable combination”.
“When people are determined they can overcome anything”.
Thanks Madiba for the legacy that you are leaving behind…
Business conferences are one of the best ways to expand your business and bring new life to your company. At Convergence, you will find everything you need to rock your industry, including exciting new Microsoft products, hundreds of sponsors, and potential connections with thousands of other companies.
Convergence is designed to help businesses in the following ways:
#1 Meeting Profitable Connections
Convergence is all about getting to know other top industry leaders from around the world. You will see a wealth of sponsors and even top Microsoft professionals that can partner with your company for a profitable relationship between both companies. Hundreds of businesses are attending the conference and are looking to make connections just like you. The person you meet in the elevator may be your next big client.
#2 Finding New Uses for Microsoft Tools
Participants will learn how to unlock the true potential of all Microsoft products. The tracks in the conference are designed to make your company better. You will find information covering new products like new apps for specific industries, new mobile capabilities, and the best cash management functions.
#3 Learning Out-of-the-box Ideas
All of the speakers at the Convergence conference are top leaders of Microsoft products. The speakers will communicate the new vision of Microsoft and talk about their own experiences with the product. You will find sessions that offer value to the following industries:
Government, education, and healthcare
Professional services
Financial services
Retail
Manufacturing
If you want to take your business to the next level with the help of Microsoft, then you will want to make sure you are able to attend the Convergence conference. Make sure you book your spot early to ensure you can attend and really get the value you need. Click the infographic to learn more about the conference and how you can prepare.
When a project manager starts a new project, it is important to do a check-point of both the Project ManagementMethodology and templates that will be used, but also the soft skills that will be required. This article highlights some essential soft skills to ensure that a Project Management Professional can effectively manage, collaborate, and influence as needed to drive a project to successful completion.
According to Joanna Durand, Managing Director of the Citigroup, effective leadership consists of a balance between both “hard skills” and “soft skills” that act as the conduits for success.
Hard Skills versus Soft Skills
Soft skills, also called behavioral skills, is a sociological term relating to the cluster of personality traits and behavioral competencies that characterize relationships with other people. Soft skills complement hard skills, also called technical skills, which are the occupational requirements of a job and many other activities.
Soft skills are essentially people skills – the non-technical, intangible, personality-specific skills that determine your strengths as a leader, listener, negotiator, and conflict mediator.
Hard skills, on the other hand, are more along the lines of what might appear on your resume – your education, experience and level of expertise.
Essential Soft Skills
Effective communication serves as the foundation by which all other soft skills are derived. Mastery of communication skills will ensure broader success with rounding out your soft skills.
Communication skills include Oral, written and non-verbal communication.
Oral: presentation, audience awareness, listening, body language
Written: presentation of data, critical reading, revision and editing, writing
Non-verbal: personal style, tone, body language and audience awareness
For communication to be effective remember the five “C’s”:
Clarity
Completeness
Conciseness
Concreteness
Correctness
Stakeholder Management
Project success is often determined by the ability to successfully manage stakeholder expectations. These interactions all begin with the basic communication process and an understanding of stakeholder objectives.
Some recommended best practices to communicate effectively with project stakeholders are:
To know your audience and to customize your message according to their needs
To have a professional presence
To summarise the top 3-5 key messages
To acknowledge personal communication styles
How can a Project Manager’s soft skills be developed?
Set clear expectations – the team needs to be aligned as to what is being delivered. This will help with accountability and to manage changes to the scope.
Stage your delivery by creating interim deliverables.
Think ahead of what can go wrong. Anticipate problems (risks) and work with the client to find mitigation strategies.
Speak up and escalate when help is needed. This is a sign of confidence.
Skip the jargon and speak to clients in the same language they use.
Leverage the strengths of the team. Take time to know the team and their strengths as your project will run more effectively if the right people are working on the right things.
Don’t steal the limelight when things are going well and give credit to other people’s ideas.
Be realistic when setting deadlines. Promise what you know you can do and finish on time.
It is important to understand how the basic communication process works and to appreciate the communication styles of different personality types. To grow as a project manager you need to consistently try to close the gap between “hard” and “soft” skills.
For more articles about Project Management based on best practices, please subscribe to the Blog feed.
One of the most common challenges in today’s work-place, is to find the time to improve on communication and conflict resolution skills.
Leaders complain about people being lazy or not doing their jobs right, or people complain about the leaders being so busy that they don’t have time to spend with their people. The workforce complains their leaders don’t set expectations, don’t ask for feedback and don’t really care about them. Then we wonder why companies have a gap between their vision and the results they are achieving. Everything in life and business revolves not just around communication but the “right kind of communication.”
Communication is the # 1 problem in almost all businesses
Why is communication considered as the main problem in many businesses?
It keeps the people and the organization from reaching their potential.
It’s not because people aren’t talking, but in most cases, it’s the “wrong kind” of communication or a “lack of the right kind.”
People are talking at each other, but not getting through.
Servant Leaders and communication
What Servant Leaders have learned about great communication is:
Setting Goals
Helping people understand what is expected and why?
What they will be measured by?
Performance reviews—how they are doing, what are they doing well and the areas they need to improve on.
Asking people for their ideas and suggestions.
Providing, inspiration, encouragement and motivation.
Discipline
Conflict Resolution
I’m your “coach not your boss.” I’m here for you.
Servant leaders know it’s their goal to “help both the people and the bottom line grow.”
It’s not an either or. You need both for a business and its people to build a sustainable competitive advantage.
Communication and Conflict Resolution
Servant Leaders need to realize about communication and conflict resolution:
As part of a series of articles about Leadership Styles, today’s post is about the vision of a Servant Leader.
The best strategy to achieve organizational goals and create competitive advantage is by developing an environment of caring, mutual trust, and respect between the leaders and the people by focusing their efforts and strategy on developing the full potential of all associates and the business, therefore creating a winning partnership.
Servant Leaders Live Their Vision By:
Treating people as the most important asset in the company
Seeing people not as they are today but their potential
Realizing people are more important than tasks
Measuring their own success by the success of those they lead
Knowing leadership is about building relationships throughout the company
Impacting people’s lives by mentoring and coaching
Setting goals, objectives, actions, and measurements, with accountability for the results
Leading not just with their words but with their actions and modeling the behavior
Believing it is the responsibility of leaders to make a difference in people’s lives
Encouraging, inspiring, and motivating their people
When you see the definition and vision of a servant leader, it seems it should be something every leader and every company would want to embrace. It’s hard to argue with developing leaders who exhibit such skills, abilities, vision, and philosophy for leading others. But for many, it’s hard for them to understand the importance and make servant leadership a way of life.
Often when companies have tried to start new initiatives to improve relationships with their people, it has failed, because there is no real strategy or plan for developing and implementing a process. Real change takes time, patience and perseverance to make the needed people and culture improvements.
They look at it as a program and not as an on-going process. Programs are usually looked at as something short term, while process-building is for the long term. If servant leadership is going to be successful, leadership must be committed to the journey and the changes that everyone in the company will need to make in the way they lead, interact, and think about the people they lead.
Success Factors for Servant Leadership
Some of those changes will require a commitment that causes leaders to learn how to:
Balance the leadership of the people with the stewardship of the company.
Establish the expectations with their leadership for this new servant leadership style.
Obtain support by all senior leadership (from the top), or it will not work
Ensure leaders, supervisors, and middle -managers who won’t support it or cannot change leave the company.
Realize it is a journey and not a quick fix.
Communicate the process and the strategy to the total workforce, so they know what is happening and will hold you accountable for making it happen.
Expect scepticism from some associates.
Remove the barriers that keep people and the company from reaching their goals.
Empower your people.
Dramatically improve communication up and down the chain; communication will be the glue that makes it work.
Build real relationships with those they lead.
Make resolving conflict “job one,” because there will be plenty of conflicts as you implement this strategy.
Move your company from reactive to proactive in its personality.
Position people as problems solvers, not problems in the mind of all the leaders.
Develop an atmosphere of innovation and imagination.
Make motivating, encouraging, inspiring, and energizing your people the new normal.
Train and teach to build your associates into a team of champions.
See problems as opportunities.
Concentrate on developing the potential of your people.
Set goals, objectives, actions, and measurements, with accountability for the results. Build a sense of community, where everyone is pulling together to build your competitive advantage.
Train, teach, and learn over and over.
Remember there will sometimes be pain in the journey, but it will be worth it.
When we look at the state of our economic climate, politics, and the decline in trust people around the world have for their leaders, it becomes obvious that there needs to be a new direction and emphasis on the right kind of leadership.
Almost every night on TV, we see the despair people feel around the world because leadership isn’tworking. In countries where leaders have used the power of the “big stick and control” leadership model to try and control their people, we see individuals willing to die in the streets to bring about change.
What is the answer to this leadership crisis?
Servant leadership is about working to eliminate conflict through good communication, listening to other people’s ideas, and being civil in the way we treat those with ideas we don’t agree with, so we can reach agreement for the good of the people we lead. This leadership style could be the answer.
Leaders are forgetting that leadership is always about thepeople. Thatdoesn’t mean people will always get what they want, but even medicine that doesn’t taste well can make you feel better. We need leaders who really care about us, who will be honest, explain what needs to be done, and tell us the pain and the sacrifices we must go through and the actions needed to make things better. We need leaders who can develop a three-year strategy, instead of throwing abandon to the wind and coming up with a new program all the time to satisfy special interests and try to give us false hope.
How will Servant Leadership be an answer to the problems?
What kind of leadership is needed to bring about the changes we desperately need?
Who are Servant Leaders in Business?
Men and women who bring their purpose, passion, and character, and when combined with their God-given skills and abilities for leadership, bring out the best in people, helping a business develop and implement a sustainable process for success.
To Develop This Type Of Business Environment Requires Several Things
Following a recent article about Grateful Leadership, I want to look at another leadership style that will help you become a better leader.
Recently I came across an article by Darrell Andrews, who is a sport enthusiast, stating that he came across two types of leaders in sport. Some leaders enjoy the adoration that comes with success and clamor the spotlight when all is going well. They love giving interviews and communicating with the media during good times.
Unfortunately when things start to become challenging, these leaders don’t do so well. They begin to blame weakness in their organization for the failure. They start to pressure the people they are leading and make life miserable for everyone else, for in their mind, the problems in no way can be their fault. Although they love success, they are poor examples of leadership.
The second type of leader enjoys success too but they do something a little different. They give credit to the people within their organizations or businesses. This type of leader is a leader of people and they recognize that success in any organization starts with the people who work within it.
Servant Leadership
Lute Olsen, the former University of Arizona basketball coach put it this way: When the team wins, I give them the credit, when play is mediocre, we both need to improve, but when the team loses, it is my fault. What a great example of leadership!
We need more leaders like this today – leaders with an attitude of service. Thisleadership style is also calledServant Leadership.
Wikipedia defines it as follows:
“Servant leadership is both a leadership philosophy and a set of leadership practices. Traditional leadership generally involves the accumulation and exercise of power by one at the top. By comparison, the servant leader shares power, puts the needs of others first and helps people develop and perform as highly as possible”.
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