Project Management ++ |
IT Solutions for Capital Markets |
PROJECT MANAGEMENT |
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Activity:
81 views;
last activity : 07 06 2010 20:18:09 +0000
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Align Strategic and Operational Planning
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Having Technical member during the Bids or the Sales Process
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Improving Proposal Defence Skills
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Business of Goodwill - Strong Organization Vision & Business Ethics
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A project management approach to business problems and opportunities is becoming the norm rather than the exception. Projects are the tools for implementing the strategy of the organization. Effective project management starts with selecting and prioritizing projects that support the organizational mission and strategy. The priority system focuses attention on the mission and major goals of the organization and fosters consensus to which projects are of highest priority. It results in a portfolio of projects that balance threats and opportunities and provides a better utilization of resources. The ability of an organization to execute its strategy is directly proportional to its ability to understand and communicate the strategy. Strategic initiatives in the context of marketing can be investments into marketing programs or activities, with specific ROI targets, and eventually, ROI results. Strategic objectives are numerical measurements that are commonly referred to as Key Performance Indicators or “KPIs”. The creation of a strategy map and scorecard for each major organizational unit allows the goals of the organization to be explicitly and visually aligned. Cause and effect arrows link the upstream measurements across time to the downstream measurements. These key measurements are used to represent strategic objectives that highlight specific goals that lead to increased shareholder value.
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According to me quite often this situation arises through the desire of a sales team which wants to meet targets irrespective of whether an opportunity is strategic or in fact it is achievable or not. |
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Proposal Defence skills could be improved to represent and justify the basis of proposal. (Primarily all the justification components such as Assumption, Cost Drivers, Benefit and risk for the arrived at dollar value) This requires the Proposal defence team to have the below skills 1. Estimation 2. Atleast High level Understanding of the delivery challenges , risks 3. Idea on Operational Issues involved in an Onsite offshore model
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Such situations are the most common in emerging countries or common market place like India. While we must have the right focus on our organization and personal profitability, we should have equal and important concerns on what we are producing and what Goodwill are we building for our organization. If we are in the Business of Goodwill, we ensure quality for our "partners" (Clients), our partners will ensure our profitability. To be into business of Goodwill, we need to have a ver strong Vision in which we all belief till our death and two, we must have very strong and positive business ethics which will always think of transparency and betterment of our partners. Rest assured, if you follow these guidelines, you will not only ensure quality of products & services delivered to your partners, but your sales team will also ensure that they only deal with quality partners who understand and value that you are in the business of goodwill. Best! |
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