Hello, this module focuses on how to manage projects in a complicated world. The world is changing rapidly and in unpredictable ways. Just consider the changes caused by new technology, worldwide trade and competition, social and political disturbances, and the environmental emergency.
You might think that project management has little to do with these major global matters. However, all kinds of organizations, whether large or small, are impacted by the world they operate in. How a company understands and responds to this complexity influences the projects it chooses to undertake and how it handles them.
This week, we begin by examining frameworks that help us grasp this intricate world. These frameworks guide our actions, responses, and decision-making in the face of complexity.
Next, we delve deeply into various methods and practices for managing projects when faced with uncertainty, instability, and change. These methods include linear approaches and life cycles, often known as the waterfall method, as well as iterative or agile approaches. You will explore the pros and cons of these methods, as well as the ongoing debates about them.
By the end, you’ll grasp how to use and blend these methods effectively to achieve successful project outcomes.
To start off this week, we’re interested in hearing about your experiences. Considering those major global issues like technology, competition, social and political changes, and environmental problems, think about how they impact your organization and the projects you’re involved in.
Feel free to share your experiences with fellow learners in the discussion.
The constant advancement in science and technology has come to stay.As better ways of doing things are being innovated,the PM also has to constantly learn and re- learn himself to be up to date.For the great success of any project,the PM has to be versatile and constantly engage in research and innovative ways
of handling project.
As a technology company, we view technology not as a challenge but as our primary strength in addressing all aspects of project delivery. Our main areas of opportunity, rather than challenges, lie in navigating the shifting policies of government and conducting environmental impact assessments, particularly when procuring assets with CO2 emissions. Competition serves as a pivotal motivator in shaping our product delivery strategy, as our core focus revolves around cultivating tech startups in various industry verticals.
As an event planner, we are faced with alot of complexity and dealing with them such as choice from client, one of our challenge is the fact that many clients we have come across when the best for the event but unwilling to pay the fee. So we have to re strategize on giving the client a nice job on his budget. And most atimes it’s so difficult. The second is event decorations are changing in respect to new ideas and equipment, and most of the time these equipment are very expensive. And sometimes hard to get. (rent) The event world is changing and client are coming up with difficult choice with very low budget.
In an ever evolving world, the impact of global issues such as, technology, competition, social and political changes, and environmental problems can not be overemphasized. In an much as it makes outcome of events and project unpredictable, it makes us to always think on our toes and outside the box.
It has made project execution a little more tasking and technical, and to succeed one needs to always engaged in research work and look for innovative ways to overcome any challenge that these global issues pose at us. This has been my story in my Organization as a business development manager.
Also, Effective communication is crucial for managing complex situations as such can be considered as unavailable.
Stakeholder Engagement is also a very key factor. As a PM carrying every stakeholder along as things evolve is paramount
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Competition is one factor that affects a sales project. In as much as we may not like the idea of having to share the market with others, competition creates room for becoming the best version of ourselves.
Political factors can impact a business or project by making the market environment more or less friendly. Governments have a great deal of power over businesses, and projects. many times, companies cannot do much about it.
Political factors that affect projects include areas such as tax policy, labor law, environmental law, trade restrictions, tariffs, and political stability. Political factors may also include the type of goods and services that the government does not want to be provided by the project. This has greatly affected projects in my organization.
Also, competition can increase motivation, improve productivity and performance, and provide accountability. A higher number of competitors will motivate funders to decrease the contribution amount to multiple competing projects, thus influencing the performance of the projects.
Basic economic theory shows that when organizations compete for customers, it leads to a reduction in prices, higher quality goods and services, greater variety, and more innovation.
Competition does really affect projects in my organization.
The impact global issues like technology, competition, social and political changes, and environmental problems have had in my organization and the projects. It has made project execution a little more difficult as the project will have to be run according to the already set budget despiste the changes.
Impact on project stakeholders
Some of the things that have helped is to establish a robust communication plan that outlines how information will be shared among team members, stakeholders, and other relevant parties.
Effective communication is crucial for managing complexities and constant changes
Stakeholder Engagement is also a very key factor
Every profession have to work hard in making research looking for easy and innovative way to handle alot of issues as day by day things change technology is shaping our world so as a project manager I need to search for innovation to make my project easy and be able to deliver quality work at stipulated time
We can not over estimate the impact of global issues on every organization and institution of learning. As a classroom manager in a normal school settings，some of these impact are reflected in our technology，education，Health ， economics and political.
To Manage students in critical times like this， I need to research and get innovations on the contemporaries ways of managing students.
As the world is evolving, changes are constant… As a project manager, it is expedient to have vast knowledge in the global market to enable you save cost and know what is currently obtainable…
The impact Technology has can never be overemphasized as it saves cost, time and it is very flexible… This being up to date in terms of using technology in your organization save a lot of stress and helps in time management…
The impact of competition helps you grow better and makes you think faster… Though it may be stressful most times however, it is your responsibility as a project manager to convert your threat and weaknesses into strength… This can be done when you interact (socialize) both nationally and internationally…
Political changes also place a major role when you are carrying out a project… It could Favour you or vice versa… When a new government decides to bring a policy which states that anyone carrying out a project must pay 30% of the total amount of the project, it becomes a problem but if the policy states that the government will pay 30% to support the project, it becomes a plus on the organization handling such project….
Lastly, environmental problems on a project creat a great hindrance when their is bad weather condition, bad roads, flood, earthquake, etc… Just to mention but few…
This unforseen circumstances brings delay when a project is carried out…
In conclusion, a project manager must have a plan B,C,D,E,F to manage all this excesses… When it comes to government policy, the organization should learn from Aliko dangote… You need to familiarizes your company with the government so that the policy will always be in your favour…
The world is advancing and developing with technical innovations. Digital advancement is truly needed for every organisation but never neglecting the importance of human power. Project manager must note that as good as the digital innovations are so also human. Project managers should not really on computer programmed output but put effort in critical thinking and applying it to the job scheme daily