Insights: Project Management

There has been a lot of buzz recently about WOOP. No, not the sound you make when you’re really excited about something. We’re talking about W.O.O.P., a productivity solution developed by Dr. Gabriele Oettingen that provides a framework for accomplishing big goals one step at a time. W.O.O.P. stands for “Wish, Outcome, Obstacle, Plan,” and it outlines the four steps that make it most easy for you to actually accomplish your goals.
 

As the manager of a project or of a special company initiative, have you ever been in the position of realizing that nobody is taking the program seriously?

Workflows, Gantt charts, budgets, quality testing, production deadlines, deliverables, risk management — the list goes on.  It’s no surprise that project management (PM) is one of the most lucrative professions out there; but with high reward also comes high risk.
The PMI’s 8th Global Project Management Survey found that “For every $1 billion invested in the United States, $122 million was wasted due to lacking project performance.”  Another study by The Standish Group, found that “Fewer than a third of all projects were completed on time and on budget over the past year”.

You’ve done it all. You’ve optimized your workflow with Gantt charts. Your team is trained and geared up for Agile development.
Tasks are assigned, you’ve run the numbers, and you’ve projected an ROI that has the board eager to sign off.

What started as a management solution for complex software projects has rapidly grown across industries for companies both big and small.
The agile development process has taken CIO’s, CTO’s and Project Managers to new levels of productivity by embracing a culture of continuous change.
Program Management Offices (PMOs) have had to learn to evolve from a regular hierarchical reporting approach to the continuous change model that business demands today. 

Setting up a project management office is one the most effective things you can do to manage multiple projects around your organization. But it could become a big waste of time and resources if not configured properly.