How Are Strategic Project Managers More Successful Than Traditional PMs?
Did you know that 17% of projects in the IT sector fail so spectacularly that they end up threatening the entire company’s existence? Among other things, choosing the right project manager can have long-term implications on your project success rate, timeliness, resource allocation, and other vital areas.
Typically, there are two types of project managers you can choose from here. The first kind stays in their lane and simply manages a project’s budget and makes sure it gets completed on time. The second kind adopts a more strategic approach and brings a significant amount of industry and historical knowledge to the table. The latter can offer valuable advice on what a company should be doing now and in the future.
Strategic project managers are the kind of professionals who you want to work with.
They Integrate Organizational Goals and Objectives
Conventional project managers will stick to overseeing the timely execution of tasks to complete the project. Strategic project managers go further and focus on integrating long-term organizational goals and objectives into the project.
They focus on managing projects in a manner that aligns with the goals of the organization, thereby producing more holistic and impactful outcomes.
They Utilize Tools to Identify Potential Threats and Obstacles
Strategic project management encourages a proactive approach where you can use tools and project management software to discern potential threats and obstacles that can disrupt a project’s progress. Project managers can use this information to develop strategies for damage control that prevent or minimize the impact of these obstacles.
This approach is particularly important for controlling the losses that result from external and internal threats, as well as introducing fail-safe measures that add to the project’s sustainability and durability.
They Can Increase Operational Efficiency
A strategic approach to project management can also translate into increased operational efficiency. Project managers that adopt this approach are more concerned with efficient resource allocation, cost reduction, quality control, and other vital aspects of a successful software implementation.
They identify the key strengths and weaknesses of the personnel involved in the project and assign and manage tasks accordingly. They also establish a system for tracking key goals, milestones, and project KPIs. Based on their findings, they improve team performance and achieve better resource allocation. These initiatives enable more efficient execution of the project and ultimately benefit the organization as a whole.
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A report by KPMG suggests that at least 70% of organizations tend to have at least one failed project annually. 50% of organizations also state that their project failed to achieve its predefined goals and objectives.
Opting for project managers that offer a more strategic approach is the best way to go. These managers are proactive instead of reactive and can utilize project resources more effectively. They also focus on managing the project in a manner such that it adds long-term value to the organization.
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