News

New Tokyo: A Modern Marvel

The development of new technologies, materials and advancements in building design and understanding have led to some of the modern world’s most interesting and advanced buildings; including the worlds smartest and greenest building, The Edge, and the worlds tallest building, the famous Burj Khalfia.

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The Edge, Amsterdam

As project managers we have a unique understanding of the effort, time and collaboration that is required in order to complete one of these modern marvels. It is for this reason we can truly appreciate the planned proposal of ‘New Tokyo‘.

New Tokyo merges the brilliance of The Edge, with the height of the Burj Khalfia, plus more! Designed to provide coastal defence, vital transport links and homes to half a million people, New Tokyo is a modern marvel in a league of it’s own. And, the centre piece in all this the Sky Mile Tower. Standing over 1,700 metres tall (double that of the Burj Khalfia), the Sky Mile Tower would be a Goliath amongst David’s.

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The Buhj Khalfia (828m)

The proposed tower would have the resources to cloud harvest, support local agricultural and of course provide some 55,000+ residents with high end shopping opportunities. All this by 2045!

It this new age of mega-tall structures we new project management would reach new heights, but just how high?

 

Fun in the workplace: The Benefits.

Fun and work are two words that aren’t usually placed in the same sentence, let alone the same category. However, leading author of ‘The Lazy Project Manager” Peter Taylor says why shouldn’t they be? And he is right, or at least his new book ‘The Project Manager Who Smiled’ provides evidence as to the fact he is right.

Peter’s latest blog post discusses how a happy and ‘fun’ workplace is in fact a more efficient and productive workplace. Whilst there are psychological and neural reason beyond this, the base concept is a good mood results in higher productivity. The blog also provides examples industries use to promote fun throughout their companies varying from:

  • Long distance parties
  • April Fool’s day brainstorming
  • Fun T-Shirts

And the list goes on.

In hindsight it is easy to see how a fun workplace could promote an increase in efficiency and creativity. As the age old saying goes, “All work and no play makes Jack a dull boy”.

Read the full blog here for more information and examples.

This article originates from projectmanagement.com

Your Earning Potential!

How much will I earn? What is my annual salary? However you spin it, knowing our earning potential is important to us (especially in our Western Society). Understanding the numerical value placed upon our skills, experience and certifications is greatly advantageous for organisations and us as individuals.

Knowing the weight placed on this information the Project Management Institute (PMI) takes it upon themselves to provide worldwide biennial statistics on a PM’s Earning Power. Here at QVC, we’ve taken it upon ourselves to provide our readers with the juiciest, most relevant bits.

(For the more visual learner,  Info-graphics are available).

Worldwide Highlights

  • Certifications such as PMI’s globally-recognized Project Management Professional (PMP)® provide a significant advantage (20% higher on average) when it comes to salary and earning potential than those without a PMP certification.
  • The median annual salary, across all countries, roles and experience levels, is $81,000 (USD).
  • 27% of participants reported salary increases of at least 5% in the year before they completed the survey.
  • Number of years of project management experience continues to have an impressive impact on salaries across the globe.

Australian Highlights

  • Australia ranked 2nd in the highest medium salary, with our PM’s averaging $139,037 ($108,546 USD), which is over $27,000 above the worldwide median.
  • Australia is ranked 3rd in starting/low experience salaries (< 3 years) with a mean of $89,999 ($70,263 USD).
  • In Australia a PMP certification provides a mean salary increase of 18% ($21,000), with professionals holding the certification for over 10+ years expecting an increase of $44,075 from non-certified individuals.
  • In Australia Portfolio managers work the longest of us all, averaging 49.4 hours per week, followed closely by Directors of PMO at 48.6 hours per week.
  • Most of Australia’s PM’s work in either the Information Technology (26%), Financial Services (10%) or Telecommunication (10%) Industries.

The highlights above are only a fraction of the information available in the complete survey. For more information on salaries and your earning potential, download the full document from The Project Management Institute.

Communication: A powerful word.

Communication. It is a word of power within the business world, and so it should be! With every article related to ‘optimal employee traits’ published between now and the start of time (modern internet accessibility!) directly or indirectly referencing communication.

But why is communication so important?

Aside from the obvious, communication is how we influence and engage other people’s thoughts and actions; important virtues within the business world (Bourne, 2015). Bourne (2015) has discussed previously how to communicate effectively with stakeholders. Choosing to expand on this topic, Bourne’s recent article focuses on the ‘directed communication’ needed to change the attitude or behavior of a small group of critical stakeholders.

Whether this change be:

  • To prevent any deterioration in currently satisfactory attitudes.
  • To improve a currently unsatisfactory attitude.
  • To stop or reduce damaging or negative actions or behaviors.
  • To ensure or encourage supportive actions or behaviors.

Bourne steps through the process, ensuring effective and efficient communication.

Read the full article here.

This article was accessed from pmworldlibrary.net.

Scaling Team Development

Organisational and team development is essential within the ever-changing professional environment. However guiding this change can be at times both challenging and frustrating.

Why?

One reason is known as the Dunning Kruger Effect; a psychological effect, concerning cognitive bias, in which an individual lacking specific skills, mistakenly evaluates their abilities to be much higher. Simple put they believe they’re more efficient than they are.

Understandably when feedback constructed to promote growth and learning falls upon these individuals ‘deaf’ ears, it is undeniably maddening. Panditi (2015) provides his personal views on this shortcoming and highlights ways for organisations to change an individual’s cognitive bias. View the full blog here.

This blog originates from www.projectmanagement.com

Why Project Manager should possess Sales and Marketing Knowledge.

You may ask yourselves why as a project manager would I need to possess and utilise sales and marketing techniques and knowledge? Simply it is about stakeholder engagement! Holloway (2015) discusses that many new project managers, with their certificate in one hand and textbook in the other, struggle when faced with a difficult stakeholder.

Holloway (2015) goes on to detail that there are two professionals that regularly deploy the skills required to manage difficult stakeholder; being salespeople and marketing professional, particularly advertisers. ‘Salespeople are good at persuading and influencing individuals‘ (Holloway, 2015, pg.4). They have an unkempt ability to alter a person’s perception of a product or service, manipulating their decision-making process (Holloway, 2015). Seemingly salesperson look beyond the business point of sales and engage individuals on a personal level.

Contrarily marketing professionals, particularly advertisers are good at convincing large groups (Holloway, 2015). They understand and map the psychological desires and needs of an audience, delving into how audiences make decisions and response to messages.

It is for the reasons above that project managers, especially those new to the field should inform themselves with the process and skills of sales and marketing professionals.

To read Holloway’s full articles on stakeholder management click here.

The article was originally sourced from pmworldlibrary.net

Stakeholder Communication: Reduce the ‘risks’

Stakeholders, the name says it all. They are every group or individual with an interest or concern in your business, or project outcomes. More than often they’re a very wide and diverse group, with varying views and values. In saying that though they are concerned with one thing; success! And they should be, with 50%-90% of risks being registered as associated with stakeholders (Bourne, 2015).

This high concern for risk can be a source of stress for many stakeholders and needs to be managed with one simple thing, clear communication. Bourne (2015) discusses the three main ways to effectively communicate with stakeholders, ensuring everyone is on the same page. To review Bourne’s communication methods, view the article.

This article was derived from http://pmworldlibrary.net/

5 Trends in Project Management

Things change! Whether it be a physical, technological or business change, change is irrefutable. Cavone (2015) reports that organisational change in this modern era is a necessity not a nicety, in order for business survival and success. Cavone (2015) continues discussing how project management is not exempt from this change; reporting on the ‘5 Current Trends in Project Management’ being:

  1. Strategy and Performance Management
  2. Value Stream Organisation
  3. Global Distribute Team
  4. Collaborative PM tools
  5. Personal Skills and Behaviour

Follow the link to review in depth Cavone’s research into these five current trends. Do they align with your knowledge and practice?

Article retrieved from: http://pmworldlibrary.net/

Portfolio Management and Business Analysts: How and Why the should work together.

In the current workplace jobs come and go, as do job titles and professionals. Once such job description that is on the rise is Business Analysts. So what does this mean for project and portfolio managers? Skrabak (2015) shares his opinion on how portfolio managers and business analysts can and should collaborate. Review what Skrabak has to say here.

Article originally sourced from projectmanagent.com