Change your location, change your motivation

As always I have too much work to do and not enough time to do it, and recently its got to a point where I go home after a really busy day, not having done anything on my To Do list – which is becoming such a size that its now a database rather than a list!
This week I hit a wall – too much doing X not enough thinking = no productive work!

So I took the advice of some of my learners on a recent Project Leadership course – remove yourself from your current environment, your location, the people you are with, the systems you are using. Change your physical perspective to change how you feel. By changing your perspective you break the negative cycle which in my case was being busy on all the wrong things because I could not see the wood for the trees.

Of course, being me I followed the advice to the max and booked myself into a hotel on Park Lane! But it definitely worked, a swim, some sleep, some room service and I got my motivation back and could take a more analytical approach to prioritising my work.

So what works for you – where do you go when you need to change your perspective? As ever, let me know, I love hearing from you.

What can portfolio management do for you?

I have just attended the MoP launch http://www.maventraining.co.uk/news/ which included two useful presentations from people who are applying portfolio management:

David Pitchford is the Executive Director of the Major Projects Directorate (Cabinet Office) and is responsible for creating the portfolio of major projects for the UK government. He started his presentation by explaining that in common with many organisations the UK government does not have a complete understanding of all the major projects planned or already underway. Different government departments run multiple projects and change initiatives and whilst some of these are already visible because of their impact on society or their political sensitivity/media interest there are many more that are not included in the wider view of everything that is happening.

From a cost saving perspective this is interesting because research shows that merely by forming a portfolio an organisation can expect an upfront cost saving of 20% to 30% by removing duplication and stopping low value initiatives.

David made a strong case for the benefits of establishing a portfolio and how this is essential in ensuring transparency of where money and effort are being spent.

Paul Hirst is Head of Project and Programme Management at HMRC. He explained how HMRC have completed the ground work for making portfolio management work. Part of their planning included the creation of a governance structure where responsibilities, levels of authority and relationships with other groups has been agreed, overseen by the Senior Responsible Owner who is also the Chief Executive (I cannot think of a more effective way of gaining senior management commitment to the portfolio that putting the CEO in charge).

Paul talked about the reality of the austerity measures and the need to cut as a result of strategic need and not sentiment. He was very clear that authorisation of each element of the portfolio will be driven by evidence based evaluation of project ideas and the era of ‘pet projects’ has ended. Whilst this might seem a threatening message for some, in common with David’s first speech, Paul believes that the transparency offered by portfolio management is an essential element of getting a grip on expenditure and is a strong force for good in any type of organisation.

If you are interested in finding out more about portfolio management download my free whitepaper http://www.maventraining.co.uk/whitepapers/ or sign up for the Effective Portfolio Management Workshop on the 30th March http://www.maventraining.co.uk/course-detail/_/portfolio-management/20/

Planning for 2011

This week I am preparing to go on holiday - 2 weeks on a beach in Thailand, so plenty of time to think about the future and plan the next steps for Maven. Like many senior managers I need to ensure I know three key pieces of operational information:
• What are all the initiatives that we have completed this year and what has been their effect? I need to know what capability we have now, what areas of the business we have improved, what areas we have strengthened. Knowing this enables me to eliminate them to an extent from next years’ plans, which for a company as ambitious as Maven is really important as we always have more ideas than we have resources for.
• What initiatives do we still have underway, how near to completion are they and how many resources are they using? This helps me understand our capacity for new ideas and hopefully stops me falling into the trap of trying to launch all of the new initiatives in January, overloading the business with change in February and driving everyone crazy by March!
• Finally I review our strategic goals and use these as the basis for identifying the key areas for development and improvement, and then I break these down again into outcomes (programmes) and outputs (projects). This analysis is undertaken with my management team and we run our own portfolio management workshop to identify as many ideas for the next year as possible. Some of the techniques that we use to plan the portfolio of all our projects and programmes are the same as the techniques we use for project management I.e. Product based planning, activity based planning, scheduling and resource smoothing. I will run this workshop before I go away and then I can review our plans and finesse the for early January.

Wish me luck and let me know what you are doing to plan your work for 2011.

Let the Countdown Begin

I hate to mention it but there are now less than 4 working weeks to Christmas.... For me this means I am reviewing schedules, balancing priorities and clarifying which activities really will get done before the holidays and which ones we will have to push out into January. It's always difficult to move items into a whole new year because the perception that the projects are slipping is so much greater, rather than the reality of simply moving things a week or two.

Going through this process also helps us decide when the New Year really begins: as the first working week of January 2011 starts with a Bank Holiday, many suppliers are telling me that they do not come back to work until January 10th. This leaves 3 whole weeks of holiday time and I for one am taking advantage of it as it means fewer meetings and plenty of time to get the things done that I am too busy to sort out the rest of the year. It will allow time for a well earned holiday and to write my next book! I also hope to get the time to spend on my own development and read Elisabeth Harrin's new book: Social Media for Project Managers (and so pleased by her recent award http://www.computerweekly.com/Articles/2010/11/19/243977/The-IT-Blog-Awards-2010-winners.htm )

We also know from past experience how many of you struggle to fit your personal development into your schedule, so this year we're open as usual over the holiday season and we are offering courses in the weeks leading up to Christmas Eve and just after New Years day - so you can fit in a spot of professional me time along with your mince pies.

Tomorrow the countdown begins .... http://www.noradsanta.org/