5 absolute ways you can deliver a successful project
Dear God! Are you there? It’s me, project manager.
Do you think decades of experience and fancy tools or processes answer all project problems?
Project management experts think there are other several elements that work along with tools, and processes to add value to your projects.
Sometimes processes and systems can really help in making things right, and there are places where it might not work well.
And we need insights to quantify what kind of data is going to help? The tools that convert data into information-driven insights play a very important role to get good conclusions.
1. The Maturity of Project Management
The more mature your project management is, the better you are at achieving success.
That means the higher the maturity, the higher is the tendency to improve the competitiveness of the organization.
Nevertheless, there is no significant relationship between project maturity and project performance that indicates there are other factors that add to the value of the project’s efficiency and effectiveness.
2. A Process-Compliance
The better you are at the process, the more successful you are at delivering value.
Acquiring data is also helpful if you follow the process you are good at.
The project experts believe there is, four times improvement in ability to close the project successfully if we follow the process.
A well-fit process helps to leverage project success. If you follow everything, a process requires you to do, it might let people think that it’s an administrative headache, but some amount of process is definitely good and necessary.
What process never tells you is, when to hit the sweet spot, what needs to be followed to handle risks, how to create phase gates for check-in, when to push certain things, and how to evaluate go-no-go decisions.
3. Project Data Quality
The more accurate and reliable your data, the better your business decisions become.
The project quality data correlates with the ability to make better business decisions, increased customer satisfaction, and better resourcing. Your ability to close the project successfully 5X if you have accurate data.
4. Integrated PM Tools
The more integrated the system, the more success rate it adds to delivering value.
Having no tools indicate that you have more troubles to handle.
It’s true because you don’t have anything to track project scope, team progress, and strategy execution goals.
There is a 20% percent chance, if you don’t have tools, you would be facing more bad times.
5. Financing your Projects
The more you plan on the resources, the more better off you are with your decisions.
If you pay attention to where you put your dollars, you probably think through why am I wasting here and what I reallocate I don’t want to spend more, what we can do to get around.
Every single goal to measure the project success that includes scope, schedule, cost, budget, resource management and every single measure of project success are better off you to aim better financial tracking system.
The project management problems can feel fuzzy if you don’t track them as an organization, so the process, PMO tools, give you a way to quantify the problems of not being able to deliver on time.
How do you manage your project management game?
Do you think having a good-for-all process, project management maturity, and project analytics tools are absolute answers to every problem your project can face?
Let us know in comments.