June 14, 2016 THREE CRITICAL SUCCESS FACTORS FOR PROJECT MANAGERS Bill Johnson, PMP, MSPM

June 14, WHO AM I & WHY SAINT MARY’S UNIVERSITY OF MN Bill Johnson, PMP, MSPM Program Director, MS in Project Management and Information Technology Management Programs President, Value Based Project Management, LLC 5 Years of Teaching Project Management 20+ Years as a Project Management Saint Mary’s University of Minnesota PMI Global Accreditation Committee Accelerated Graduate Program in Project Management Traditional Face to Face and Online Programs Lasallian Education Institution

June 14, AGENDA Value Overcoming the Odds Survey Strategic and Business Management Leadership Project Management Knowledge Questions and Answers

June 14, VALUE What Do Executives Value? Achieving Strategic Business Objectives Revenue Generation Operational Efficiency Customer Satisfaction New Product Development Do These Values Conflict?

June 14, VALUE Why Should You Know What Is Valued? Between 9 and 28% of All Projects Succeed 1.Incomplete Requirements 2.Lack of User Involvement 3.Lack of Resources 4.Unrealistic Expectations 5.Lack of Executive Support Chaos Report, Standish Group

June 14, OVERCOMING THE ODDS How Do You Succeed and Overcome the Odds Three Critical Factors to YOUR Success Strategic and Business Management Leadership Project Management Knowledge

June 14, LET’S SEE HOW GOOD YOU ARE!

June 14, STRATEGIC & BUSINESS MANAGEMENT Projects are initiated to achieve a strategic goal. 68% of all organization don’t link resulting in project failure. (Stanleigh, 2010)

June 14, STRATEGIC & BUSINESS MANAGEMENT As a PM what can we do to focus on strategic goals? Change our mind set Focus on organizational goals over personal glory Prioritize our efforts Link our budgets to strategies Develop templates and models

June 14, LET’S HEAR FROM YOU!

June 14, LEADERSHIP Transactional vs. Transformational Transactional: Receiving something in exchange for something (Contract) Transformational: Focuses on the goal and values of both the leader and follower. Appealing to them in order to achieve a greater outcome. (Ownership) Mattus T.; Transformational Leadership for Project Managers; retrieved: leadership-project-managers-lead-6030http:// leadership-project-managers-lead-6030

June 14, LEADERSHIP As a PM what can we do ensure the greatest outcome? Know your own leadership style ( The Bonoma/Sievi Leadership Model) Autocrat Consultative Autocrat Shareholder Manager Consensus Manager Create an environment of self-management among team members. PM becomes a role model, coach, facilitator, and educator. Slevin D. and Pinto J.; Project Leadership; retrieved:

June 14, LET’S HEAR FROM YOU!

June 14, OK, I’m Talking to the Choir!!! 16.5 million project managers worldwide. About 700,000 PMP worldwide. About 80% of all projects fail PROJECT MANAGEMENT KNOWLEDGE

June 14, PROJECT MANAGEMENT KNOWLEDGE From Know-how to Know-why 3D Model of Project Management Knowledge Cognitive Intelligence (IQ) Emotional Intelligence (EQ) Spiritual Intelligence (SQ) Moving towards Values-oriented leadership, as complexity and uncertainty increases. Mengel T. and Thomas J.; Concepts Intelligence Emotional Spiritual Knowledge; retrieved:

June 14, PROJECT MANAGEMENT KNOWLEDGE Mengel T. and Thomas J.; Concepts Intelligence Emotional Spiritual Knowledge; retrieved: intelligence-emotional-spiritual-knowledge-8247http:// intelligence-emotional-spiritual-knowledge-8247

June 14, LET’S HEAR FROM YOU! How are you going to improve?

June 14, Questions and Answers

June 14, REFERENCES Combe M.; Making the link from strategy to projects; retrieved: Hill G.; Creating Executive Value Awareness; retrieved: Hutchins G.; Great Project Leadership; retrieved: Jaafar K.; Strategic Alignment of Projects; retrieved: Mattus T.; Transformational Leadership for Project Managers; retrieved: Mengel T. and Thomas J.; Concepts Intelligence Emotional Spiritual Knowledge; retrieved: spiritual-knowledge-8247http:// spiritual-knowledge-8247 Saladis F.; Positive Leadership in Project Management; retrieved: Slevin D. and Pinto J.; Project Leadership; retrieved: The Standish Group; Chaos Report; retrieved: