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The DNA of Strategy Execution: Next Generation Project Management and PMO

The DNA of Strategy Execution: Next Generation Project Management and PMO

Authors
Publisher Wiley & Sons
Year
Pages 336
Version hardback
Language English
ISBN 9781119278016
Categories Project management
Delivery to United States

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Book description

DECODE & DEVELOP THE DNA OF STRATEGY-EXECUTION TO THRIVE IN TODAY'S TURBULENT ENVIRONMENT WITH NEXT GENERATION PROJECT MANAGEMENT AND PMOJust as DNA contains the genetic instructions used in the development and functioning of all living organisms, what if we could decode the elements of management and strategy-execution? This ground-breaking book offers new perspectives on age-old management challenges and illuminates better ways to organize and manage in an increasingly turbulent, DANCE-world (Dynamic. Ambiguous. Non-Linear. Complex. Emergent). It puts the management DNA under the microscope and shows how to develop the DNA elements to build and transform organizational project management and PMO capabilities essential for effective strategy-execution. It provides a framework to measure what matters with a step-by-step approach to define and measure success and business value. The DNA of Strategy Execution: Next Generation Project Management and PMO provides innovative insights for organizational project management and PMO.Based on application and learnings from many organizations around the world, this book reveals a playbook for strategy-execution that will help you:* Decode the core elements of management and strategy-execution DNA and learn how to develop and strengthen it* As an executive or PMO leader, design and build next-generation Project/Program Management and PMO platform essential for effective strategy-execution* As a project, program, or portfolio manager develop the skills, competencies, and intelligence necessary to thrive in today's turbulent world* Prepare your organization to effectively lead and implement agile transformation and organizational change* Improve organizational project management (OPM) and PMO maturity by developing intelligence in each of the DNA areas of strategy-execution* Improve overall organizational effectiveness and innovation capabilitiesWhether you are a part of a startup, or an established incumbent organization, the impact of digitization and disruption and the intensification of the DANCE-world requires a rethink and reset of how we organize and manage. This book presents a holistic approach and a playbook for effective strategy-execution with next-generation Project, Program and PMO capabilities. Gain new insights along with tools and techniques for connecting with customers and stakeholders, effective governance, change management, measurement metrics, and more.

The DNA of Strategy Execution: Next Generation Project Management and PMO

Table of contents

1 INTRODUCTION: STRATEGY EXECUTION IN A DANCE-WORLD 1Recognize the DANCE: The Need to Rethink and Redesign 3Which Game Are You Playing? 5Dealing with Complexity 8Key Question-How to Redesign and Organize for Increasing DANCE and Complexity? 9The Evolution of Management Focus 10Agile DANCE and Beyond 12Approach 13Question Everything 13Focus on the Purpose of Business 14Apps versus Operating System 14Process versus Behavior 15Simplicity 16Holistic 16Background 17How Can You Use This Book? 172 AGILITY: RIGOR WITHOUT RIGIDITY 19How to Reframe the Organizational Operating System and Mindset 20Distinguishing Traditional versus Evolving Approaches 27What Is Next-Generation Project Management and PMO? 28Which Quadrant Is Your Organization in Today? 29How to Achieve Balance 30Finding Your Sweet Spot 32Cultivating a Studio 33How to Design Effective Boundaries 34Fair Process and Procedural Justice 34Communities and Collaboration 35Seven Keys for Effective Project Management and PMO Focus and Results 37Shaping the Future with ProjectManagement and PMO 37Key Takeaways 403 DNA OF STRATEGY EXECUTION 43The Journey of Decoding the DNA 45Decoding the Other DNA Elements 48What Is the Big Deal about the DNA of Strategy Execution? 49The DNA Under the Microscope 52Developing DNA Intelligence 52Getting Started: How to Apply the DNA to Project Management or PMO 55Diagnosing the Pain 55Stakeholder Empathy Map 56Identifying the Customer? 57What are the Roles, Types, Models, Frameworks, and Functions of a PMO? 58Defining Your PMO 59Developing aMission/Purpose for Your PMO 60PMO Frameworks 61What Type of PMO Approach Is Right for You? 62Strategy Execution Office 64Developing DNA Maturity and Intelligence 64Key Takeaways 664 STRATEGY 69What Is Strategy? 70Strategy Is Not Planning 71Whose Fault Is It, Strategy or Execution? 74What Is the Role of Project, Program, Portfolio, and PMO in Strategy? 74The DNA Strands of Strategy 75Strategy as Design 76How Can the PMO Link Strategy with Execution? 76Selecting, Prioritizing, and Balancing: Portfolio Management 83Resource Management: Is It Possible to Defy The Laws of Physics? 88WhatWill You Say No To? 90PMO's Role in Portfolio Management 91Enabling Exploration and Innovation 92Evaluating Results, Value, and Impact 93Developing Project Management and PMO Strategy Intelligence 94Key Takeaways 955 EXECUTION 97What is Execution? 97Execution versus Strategic Execution 98Decoding the DNA Strands of Execution 99People: Developing Strategy Execution Capabilities with the Right Talent 99Developing Next Generation Talent and Skills 101Designing Career and Learning and Development Programs 105Process 105Tips for Effective Process 107Process versus Behavior 108Classifying Processes Provides New Insights for Effective Execution 108PMO Support and Services Related to Execution 109Technology: Tools, Systems, Apps, and Bots 110Types of Project Management and PMO-Related Tools 111Tools Evaluation Resources 111Next-Generation Tools with ProjectIntelligence (PI) 112Flow 112Designing an Adaptive Execution Platform 115Principles of Design Thinking 116Designing for Execution Agility 117Designing a Scalable Adaptive ExecutionPlatform 118Assessing andMaturing ExecutionAgility 118Building Execution Intelligence 119Key Takeaways 1206 GOVERNANCE 121To Define Effective Governance, Understand its Purpose 122The Strands of Governance 123Steering Body 123Standards 124Policies/Procedures 125Gates 125Review/Audit 127Compliance 127Responsibility and Accountability 127Authority 128Decision Rights 128Rules/Guidelines 129PMO Role in Governance 133Adaptive Governance 133Developing Governance Intelligence 135Key Takeaways 1367 CONNECT 137Disconnected and Adrift 139Power of Connections 139The DNA Strands of Connect: How and What to Connect 140Connecting Customers, Stakeholders, Networks, and Connections (Identifying the Invisible) 141Connecting Silos: Bridging theMatrix 145Connecting Business Activities and Organizational Priorities 147Connecting Interfaces and Interdependencies 149Holacracy: Antidote to theMatrix? 150Connecting Is Communicating 151Why Communication Is Not Enough--You Need aMarcomStrategy 152Leveraging Social Media 153Relationships: Strengthening Relationships and Developing Partnerships 153Community and Collaboration 155Developing Connect Intelligence 156Key Takeaways 1578 MEASURE 159Why Does Measurement Continue To Be Elusive and Challenging? 160The DNA Strands of Measure 163Objectives 163Key Results 165Reporting: Presentation and Communication 170Action--What CanWe Do with the Measures? Are theMeasures Actionable? 172Learning--AreWe Getting EffectiveFeedback? AreWe Learning and Adjusting? 173Defining and Measuring Project Success 173Objectives and Key Results (OKRs) 176Developing an Integrative Approach: Strategy Execution Measurement Framework 177Measuring and Showing PMO Value 181Illuminating PMO Value 187Sustaining PMO Value: Managing Value Dissipation and Benefits Erosion 187Next-Generation Measures 188ProjectManagement Artificial Intelligence (PI) 188Developing Measure Intelligence 189Key Takeaways 1919 CHANGE 193Change Is the Catalytic Element in the DNA of Strategy Execution 194Change Is Hard 195The DNA Strands of Change 197Awareness 197Anticipation 199Absorption 200Adoption 201Customer 202Choices 206Communication 208Connectors 208How to Develop Change Intelligence 210Dealing with Change Resistance 210How to Get Results without Being a Nag 211From Managing Change to Changemaking 212Changing the World with Change Intelligence 214Key Takeaways 21510 LEARN 217Traditional PM and PMOs Are Not Organized for Learning 218Need for a New Perspective 219Learning from Failure 220How to Make Failure Survivable 222The DNA Strands of Learn: 7 C's of Cultivating a Learning Environment 224Culture 224Curiosity 226Capture 226Community and Collaboration 230Curation 231Correcting (Self-Correction and Application) 232Continuous Innovation 233Moving from Continuous Improvement toContinuous Experimentation, Iteration, and Innovation 233Meta-Learning 234Developing Learning Intelligence 235Key Takeaways 23511 SIMPLIFY: BUILDING THE DEPARTMENT OF SIMPLICITY 237Kill the PMO? 238Why Is Simplicity a Strategic Imperative in today's Disruptive Dance-world? 239Optimizing for Efficiency versusOptimizing for Simplicity 239Why Is Simplicity Hard? 240PM and PMO Principles of Simplicity 241How to Build a Department of Simplicity 243Rethinking Maturity: Subtraction, Not Addition 246Creating Viral Customers &Stakeholders 247Developing Simplify Intelligence 248Key Takeaways 24912 BALANCE: DANCE-ING ON THE EDGE OF CHAOS 251Learning to DANCE 254Agile Being Agile 256Beyond Agile:What's Next? 257Thriving at the Edge of Chaos 257What Is the Next Generation? 258Ten Skills for Next-Generation Project Management and PMOs 259Application Questions 261Feedback Loops: Project Management/PMO Delight Index (PDI) 263Ben or BoB? 264A APPLICATION OF DNA OF STRATEGY EXECUTION 267B PMO FUNCTIONS AND ACTIVITIES SERVICE CATALOG 273BIBLIOGRAPHY 279ACKNOWLEDGMENTS 293ABOUT THE AUTHOR 295INDEX 297

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