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Results tagged “change” from A CEO's Perspective on Project Management

At PMI's recent global congress in Orlando, Florida, USA, I had the opportunity to spend some time with members of PMI's new media council. These folks are people who are active and well known in the blogosphere for their frequent contributions to the discipline we share. Our conversation focused a lot on sustainability, a topic that many of you know is close to my heart. As we all hoped, since our conversation, some of the council members have blogged about sustainability (A Girl's Guide to Project Management and Project Management 2.0) incorporating their own thoughts and the thoughts of people who have commented on the various posts, to the dialogue.

 

I am thrilled that we have begun to generate this level of conversation and I hope we can continue shaping our sustainable future together.

 

Let me recap here, in an attempt to generate further discussion around sustainability in the practice of project management.

 

As I said before and will say again, I believe global sustainability and organizational sustainability are merging together in the formation of new business values and strategies. However, the specifics of how this will affect PM remains to be seen and will require the input of project managers from around the world.

 

Some suggest that becoming a more socially responsible organization requires a significant financial investment. While I have no doubt that some organizations could undertake initiatives that result in a financial burden, organizations who are leading global citizens are actually saving money as a result of sustainable policies and practices. Frankly, if organizations don't concern themselves now with healthy and strong human capital, and with maintaining available resources in the future, the cost later on can very well be the demise of the organization. In the context of organization survival, the price seems worthy and necessary.

 

At PMI's congress, when we heard from Ellen Jackowski from HP, Anne Larilahti of Nokia Siemens and Sandra Taylor, a consultant formerly with Starbucks during our Sustainability and Ethical Supply Chains session, each noted that even when the economy took a downturn, their companies did not abandon their ethically responsible platforms. This is because global sustainability had become a part of the organizations' DNA or core values, and had the potential to continue to contribute positively to the bottom line.

 

The interesting question facing project management practitioners is:  "What is your role in contributing to a more sustainable organization?" No doubt a project manager's role is not to solely focus on sustainability, but rather to incorporate it into his or her overall approach. So, in addition to focusing on scope, time and cost, a fourth consideration should be sustainability. Certainly, there are sensitivities relating to whether a project manager sits in-house or is an outsourced executor of a project. Further, project managers must weigh the risks of speaking up in an organization whose culture does not encourage new ideas, but ultimately, the goal is to bring positive business results which should not be overlooked.

 

Dave Garrett, one of the members of PMI's New Media Council, blogging at Project Management 2.0, describes it this way: "As an ethical Project Manager, you need to think about longer term financial and environmental results and factor the benefits of sustainability into your ROI analysis and execution plans.  If you consider sustainable approaches, materials, etc. for every single project. They may only make sense SOME of the time, but with your help, they will at least be considered. In this way you can ensure that sustainable approaches that make sense are used. Making sustainability part of what you do implies you must make it your business to learn about and introduce sustainable approaches to your work. If you don't, chances are that no one else will. For this reason, Project Manager - you need to be the change."

 

Dave and I agree. From my perspective, project managers can either choose to lead or choose to follow - they can wait until it is a law or regulation, and then "comply" by checking items off a list, or they can help the organization integrate and develop sustainable values, processes, and practices. In an ideal world, everyone within the organization would embrace this philosophy, yet I truly believe that project managers can be the agents for positive change - after all, project managers regularly manage change within organizations.

 

Ultimately, the question of the project manager's role is not going to be answered today or tomorrow, but these discussions will help shape how project managers approach their work and continue to be on the forefront of organizational excellence.

 

I am excited about this dialog. And I am so committed to this topic that I have helped PMI establish a community of practice for our members to share experiences and ideas about integrating global sustainability thinking into all projects and about integrating project, program, and portfolio management into all global sustainability actions.  Therefore, I encourage all PMI members to join the PMI Project Management Global Sustainability Community of Practice.

Since my last blog, the United States has a new president: Barack Obama. This was an extraordinary event in our history...in world history. Regardless of your country of origin, or your party of choice in the USA, the fact that a person of mixed race, a black man, was elected to the highest office in the USA, is a turning point in race relations. I am so grateful that it has taken place in my lifetime. The USA is a very young country for a developed nation of such magnitude. And to see it happen...well, I can't explain how I feel.

 

I was two weeks shy of my 17th birthday when then US President Lyndon Johnson signed the Civil Rights Act into law, 99 years after the U.S. Civil War, and more than 100 years after the abolition of slavery. The act was monumental, and it led to massive change. 44 years later, we have Barack Obama as president. Amazing!

 

But we live in time of change, don't we? It seems that change is all around us all the time. I am amazed that just one year ago, the economies of the world were steaming along at full speed...and today the global economy is downshifting and slowing down. Less than a year ago, the cost of a barrel of oil was over $150, and today it is down to around $50 per barrel. Fear and uncertainty pervades the news.

 

Leaders of the G20 nations (G8 plus other countries like China, Russia, and Brazil) met in the USA over the weekend to discuss the crisis in the global economy. No big decisions yet, but they at least agreed to focus on the problems in the mortgage arena. I am not sure that anyone really knows what is happening and how to fix it. Frankly, it is always about "value" (paid for something, etc.) and "confidence" (public confidence about stock, their jobs, etc.). Obama will have his hands full when he takes office. Hope may be in the offing due to the historic change in leadership, but the immediate future remains uncertain.

 

I am starting to read about leading indicators that may lead to a slow down in project management hiring and employment. According to the Wall Street Journal (WSJ), BMP Billiton, the largest mining company in the world, is showing a dramatic slow down in iron ore mining, due to a slow down in the construction economy (manufacturing of steel) in China. If China slows down in construction, then there is not only an impact in mining, but all of the related supplies in construction. In addition, China is the leading importer in Asia (3rd largest in the world), and a slowdown would hurt other Asian countries.

 

Also, that same issue of the WSJ pointed out that the telecommunications industry, particularly those companies producing cellular devices (Nokia, Ericsson, Motorola, RIP, etc.) are scaling back, and they are in for a shakeup. Market analysts are projecting a decline in sales next year for the first time in many years, and it could be as little as 1% or as much as 9%. Jobs are at risk.

 

However, I have reason to be optimistic. I mentioned in an earlier blog that I was in Richmond, Virginia, USA, recently to attend our Global Corporate Council meeting. I facilitated a session on the economy, asking the 25 or so attendees to share what they were witnessing in their own companies, and those of their clients. Universally, they said money and investments were becoming extremely tight, and that some initiatives and projects were either being slowed or delayed. However, almost all said that their companies would not stop investing in innovation. They would have to in order to remain competitive.

 

All of this makes me think that project managers have a real role to play in navigating through this. In the early 1990s, during the 2000 dot com bust, and again following September 11, 2001 disaster, PMI grew dramatically, and project management jobs continued to grow in number. There is a shortage globally of experienced project professionals, and this crisis might be our opportunity to become stewards of the limited assets of our organizations. We need to step up to the task, directly, and exercise leadership, to bring about change, stay focused on value, while managing in a very resource-limited environment.

 

Time to "be the change we want to be," as John Legend said.

 

More later.

Well, I am back from London, but I was not at home long...one day in fact, before I drove down to Williamsburg, Virginia, USA, for the PMI Global Corporate Council (GCC) meeting. The GCC is comprised of senior executives from large multinational corporations, including Siemens, IBM, BAE Systems, Boeing, and Lockheed Martin. There are 28 in total. It is an amazing group of individuals and, as a group, which helps PMI understand the issues facing our profession at their level.

 

But the GCC is not why I am writing tonight. It is late and I am jet-lagged, but tonight is the eve of the elections for the president of the USA, probably one of the most historic and important in the last 30 years. I have been all over the world this year, and this election has been the lead story on every news network. In Brussels and London last week, every cable news station had extensive coverage. You would have thought it was the president of Europe that was being elected. Frankly, my mind is swimming, thinking about the possibilities associated with the results of the elections

 

I can understand it. Eight hundred days on the road over the last five years has exposed me to an amazing mix of cultures and perspectives, particularly about the USA. Without a doubt, there is great interest in the USA leadership change. Opinions abound, inside and outside the USA, but the world is waiting for the change. This isn't a political column so I won't bog us down on the reasons. But the common thread is about leadership. It is about the leadership that the USA must assume to contribute to helping solve the "Wicked List" of problems that plague the world now. I addressed the Wicked List in my last blog. Remember? The Wicked List is what John Kao defined as the list of global problems, such as AIDS, energy shortages, poverty, watershed management problems, food shortages, and more.

 

I do hope that the new president keeps that Wicked List high on his agenda for change, and he partners with leaders around the globe to solve those problems. Funny, I really hope that we all don't rely on the U.S. president, or any national government leader for that matter, to solve our problems. Rather, they should provide us with the leadership to build our own confidence that the problems should not be feared. Yes, and to help us recognize that we have the wherewithal to solve the problems. And each of us needs to step up and fill our own small space in the leadership vacuum.

 

It reminds me of a song that I like very much performed by John Legend, the noted R&B singer and songwriter. The song is IF YOU'RE OUT THERE, and the lyrics say "I searched for the leader, but the leader was me." Project professionals also need to recognize that they are leaders, not just project managers; that it is not enough to be the best at managing to cost, quality, project requirements, and schedule. No, it isn't enough any longer. We have to learn how to manage all of it, but in a socially and environmentally responsible way, so that we can all move to solve the "Wicked List."  We can no longer put off global sustainability to another generation.

 

Clearly, it's not easy, but it is necessary. We have to be attentive to the social and environmental responsibilities we have with every project we manage, and not wait for someone else in the company or organization to help us evaluate our impact. It takes awareness and the leadership to see the necessary changes that will make it a better project for our future.

 

Yeah, I know...the cynics of the world are laughing out loud. Balestrero is a nut case...a dreamer. How are we going to do that...how will we, as project managers be able to challenge the system? Well, it isn't about challenging the system, so much as helping refine the criteria for the projects...and suggesting sensible changes to make it a more environmentally or socially acceptable project. I don't know...sounds difficult, but it is up to us to take a leadership role. PMI is going to help us find the right way to do this. I can assure you of that.

 

I have to repeat myself by saying that there is no time to delay dealing with global sustainability. We can't allow either an economic downtown, or an ineffective national leader to slow us down. The time is here for us to act. John Legend defines it well when he sings "We're the generation who can't afford to wait; the future started yesterday; we're already late." That pretty much sums up our situation.

 

More importantly, he finishes his lyrics with a line paraphrased from a famous Gandhi quote: "Be the change you want to see."  We have to change things...no one else. You and me!

 

Can't wait to see who wins the election.

 

More soon.

 

About Greg Balestrero

President and CEO of Project Management Institute (PMI), Gregory Balestrero travels the world inspiring business executives and government leaders. Read More

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A CEO's take on the challenges and responsibilities of project management around the world.