NEWS & RESOURCES

 

Leading From Home

Yes, we said “leading”—but that doesn’t mean you have to be an executive or supervisor to take on a strong leadership role in these uncertain times. With Microsoft, Facebook, Amazon, and scores of other companies encouraging—even mandating—that their employees work from home, it’s important to share the leadership load for implementing this new model. This isn’t the kind of leadership that requires authority granted by an organization chart, but the kind that every team member can seize—needs to seize—in a volatile business environment. Employees, customers, suppliers, business partners… everyone is looking for leadership and guidance on how your organization will operate with a dispersed workforce. From the top of the org chart to the bottom,…

One reason it may be hurting more than it helps

Is Your “Stage-Gate System” Destroying Value?

For years now, stage-gate systems have become a “best practice” to ensure that capital projects achieve the appropriate state of readiness before they advance from one stage to the next. But are they working? Not if they are distracting your team from framing the right project. Fixating on the Stage Gates Can Erode Opportunity Framing The front-end of projects is where all the value is created. Quite often, a fixation on satisfying stage-gate (front-end loading, or FEL) requirements can prevent a team from focusing on the big shaping decisions that will create the most value. In the illustration below, there are two hypothetical projects—and one of them leaves a lot of value on the table….

... and the fixes that can save your team time, money, and headaches.

4 Reasons Your Project Process Is Failing You

Most companies that have a capital project portfolio of any size strive to have a common process by which the projects will be done—nobody wants each project team to reinvent their own version of the wheel! Expectations are made clear, and the project is evaluated at the end of each stage to determine whether those expectations have been met and the project is ready to proceed. Makes sense, right? But many projects fail because the process has not been designed and used properly. When a company’s common processes are disrespected or underutilized, they generally suffer from one or more of the following pitfalls: 1. Overly Facilities-Focused Especially when a company’s primary focus has been on…

Here are 5 steps for leaders who want to be more flexible and guide their team safely through any surprises.

Managing the Unexpected: The Art of Mindful Leadership

Effective leaders anticipate a certain amount of risk. That’s why well-managed projects generally have sophisticated, built-in risk management tools and processes. The whole idea is to identify the risks, assess the probability that they will occur, and calculate the magnitude of their impact. Once that happens, project leaders can determine the mitigations to be made and assign risk owners to monitor the risks and step in to respond where necessary. As a result, a regular process is established for keeping the whole risk management system up to date and relevant. It’s a great approach for anticipating and planning for all of the harmful events we’ve been able to think of — the events inside our…

Avoiding the trap of making it too complicated

Project Systems Elevated

Industries today are facing relentless competition for capital, making the selection and predictive performance of projects all the more critical. Even companies with a long and rich track record of delivering some of the most difficult major projects in our industry are struggling to deliver on promises. Artifacts from mergers, acquisitions, or divestitures may create additional obstacles to achieving “best in class” performance when companies fail to integrate their work processes following those changes to the company’s structure. Project excellence is a must for companies that wish to stay competitive in the current market. However, there is often a tendency to overcomplicate project excellence programs; this mistake risks slow implementation and inconsistent application. How can…