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Securing Project Success: Two Essential Steps Explained

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Understanding Project Value Creation

Have you ever completed every aspect of a project, only to find it is not utilized?

When your supervisor assigns you a task that involves multiple steps to reach a specific goal, they are essentially asking you to manage a project. A successful project not only meets its deadlines and stays within budget but also delivers tangible value. Yet, how often have you witnessed projects failing to make a meaningful impact?

The fundamental triangle of project management—scope, time, and budget—only tells part of the story. True success is defined by the value that a project ultimately provides. Let’s delve into two key elements that drive value creation.

Stakeholder Satisfaction

Effective stakeholder management is one of the most critical and nuanced aspects of project management. The project manager plays a vital role in facilitating communication among stakeholders and ensuring that team members have access to necessary information while stakeholders are kept informed about progress and requirements.

Your project sponsor is your primary stakeholder. They authorize the project manager and convey the project's vision to the team, bearing ultimate responsibility for its success. A project manager must understand the sponsor's expectations and keep them updated with clear and concise information. As project priorities shift, the sponsor must communicate these changes to the team. However, it’s common for the team to sense that something has altered, often leading to bottlenecks. In such cases, the project manager should reintegrate the sponsor into the project discussions.

The adage "The customer is always right" has evolved into a modern focus on customer-centric products and organizational frameworks. The customer remains central to any project, serving as a key driver of value. For initiatives aimed at end-users, a sponsor is present to allocate resources that fulfill customer needs. In today’s competitive landscape, with rapid technological advancements, the agile methodology has emerged as a preferred approach over traditional management theories. Agile teams prioritize customer feedback, coordinating the development of evolving requirements based on this input.

Your project might impact various stakeholders, and it's surprising how much influence they wield over the project's implementation. While creating allies is ideal, it’s not always feasible to please everyone. Therefore, it's crucial to acknowledge their roles and keep them informed about any changes that will arise from your project.

An adept project manager navigates complex and often ambiguous environments. They study the political dynamics at play and approach stakeholders not as persuaders but as supporters, aiming to identify what benefits the stakeholder may gain. Their focus is on ensuring stakeholder success, which may include negotiating priorities and resolving conflicts.

Engaging the Human Element

If you’ve managed both the project and stakeholder relationships, you may feel you’ve covered the essential recognition aspect; you’ve delivered as requested. Yet, if the project’s results are not being utilized, why is that? The answer often lies in neglecting the "people aspect" of the project. This is where change management becomes essential.

What changes will your project introduce? Who will be affected, and in what ways?

These questions are crucial to address prior to the project’s conclusion—not afterward. It's not just about communicating requirements and changes; it's about actively involving those impacted from the start. Understand their needs and motivations. For instance, a solution envisioned by a sponsor who lacks direct customer interaction may fail to meet actual customer demands.

If your project is internal, involving colleagues as end-users may seem straightforward. However, for external customers, expertise akin to that of a dedicated product manager or marketing professional is often required. This involves gathering market insights and customer preferences through focus groups and surveys.

Next, assess the readiness for change among the involved parties. The ADKAR model serves as a valuable tool for managing change, categorizing people's engagement levels into five areas:

  • Awareness of the need for change
  • Desire to participate and support the change
  • Knowledge of how to implement changes
  • Ability to develop required skills and behaviors
  • Reinforcement to sustain the change

Begin by evaluating each parameter of change readiness for all involved groups. Then, design targeted actions to enhance these parameters, prioritizing them to achieve at least an 80% readiness level.

Your Next Steps

Reflect on the project you are currently working on: How well do you understand the outcome and the reasoning behind your work? How informed are you about your stakeholders’ desires? What do you anticipate regarding how people will react to the changes your project will bring? Finally, consider: How many proactive measures are you taking to ensure the overall success of the project?

Stay tuned for more insights, join Medium through my referral link to access my full range of articles, and connect with me on LinkedIn for discussions.

Chapter 1: Foundations of Project Success

In this video, learn about the fundamental principles of project management that contribute to achieving project success.

Chapter 2: Building Effective Partnerships

Discover how forming high-value partnerships can maximize the success of your projects and drive stakeholder satisfaction.

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