The Need for Speed
By: Sierra Hampton-Simmons, CPMAI, ICE-CCP , Vice President, Products | PMI
Speed is the new business imperative.?
McKinsey reports that the primary reason organizations made changes during the?COVID-19?pandemic was to react more quickly to fast-moving market developments. Respondents to a?McKinsey survey?cited speed more frequently than any other factor, including the need to reduce costs, boost productivity or engage more effectively with customers.?
Why this emphasis on speed? It’s simple, McKinsey says. Fast organizations significantly outperform slow organizations on a range of outcomes, including profitability, operational resilience, organizational health and growth. That perhaps explains why companies during the pandemic?accelerated digitization?of their customer, supply-chain and internal interactions by three to four years. And why they accelerated by seven years the addition of digitally enabled products to their portfolios.?
Still, speed cannot come at the expense of strategy. Even as they look to move faster, organizations need to revisit any rigid policies or gaps in strategic clarity that prevent them from making work more efficient and on point.?
All this has important implications for project professionals. What can project professionals do to support the need for greater operational speed and unwavering strategic focus while accelerating their delivery of successful projects???
The answer, we believe, lies in strategic upskilling
Citizen Development?
The first area is technology deployment—specifically, capitalizing on the emerging?citizen development?movement. The pace of business today requires project teams to leverage technology to maximum advantage. Citizen development enables non-technical professionals with little to no coding experience to use low-code and no-code platforms
This has dual benefits from a speed perspective: It allows teams to create custom apps more quickly—without having to wait for support from often over-burdened IT organizations. And the custom apps teams develop help streamline business processes so they can operate more efficiently and provide strategic value more quickly.?
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The?PMI? Citizen Developer?suite can help your teams deploy and scale citizen development responsibly and successfully, helping you innovate quickly while achieving faster returns on investment. Plus, the?PMI Citizen Developer Foundation?course takes just 90 minutes to complete, and team members who’ve used citizen development or low-code and no-code tools before can apply learnings from the course directly to their work. For example, citizen developers at the?Salvation Army?have implemented sophisticated workflow-based apps for both internal and external consumption in a safe way, ultimately accelerating automation by reducing development cycles by up to 80 percent. More so, the Salvation Army was able to empower non-technical people to build low-code and no-code applications to help the organization reduce the cost of development and maintenance of its applications while simplifying its application portfolio. Additional case studies that show the impact of citizen development on organizational speed can be found?here.
Business Agility?
The second area of focus is around operational agility
PMI’s agile offerings include a comprehensive tool kit for teams to learn different agile, traditional and hybrid project management practices. This allows teams to choose the best way of working for each project based on the strengths of their team members and the needs of their organization. Laying out the options in an organized way optimizes organizational effectiveness while enhancing strategic outcomes and speed to market.?
Our?agile basics course?can be completed in just a few hours, and teams with some agile experience can start using the course’s lessons very quickly. Check out a few of PMI’s?agile case studies, particularly the?Franklin Templeton?case where leaders were tasked with delivering value to their business faster. With the help of PMI’s agile tool kit, Franklin Templeton implemented a multi-phased training approach, training its sales and marketing teams and key influencers from different areas and lines of business with the tool kit to serve as champions across the organization. In just six months, large-scale organizational shifts occurred including a reduction in time to market—from more than 800 days of production to a continuous delivery of new features for customers—and increased customer satisfaction.?
Wicked Problem Solving?
The final area of focus is around collaborative problem-solving
Wicked Problem Solving courses and resources incorporate design thinking principles
Together, these three products can help your teams enhance efficiency, improve operational speed and strengthen strategic focus. Organizations that leverage these products and gain speed through strategic upskilling will be better positioned to provide value to customers and enjoy the resulting business benefits: enhanced profitability, greater operational resilience and stronger long-term growth.
This article was originally published on The Official PMI Blog.
Technical PM | Data & AI | Professor
2 年????
Infrastructure Executive ? Corporate Governance Advisor ? Non-Executive Director ? Certified Director? (IODSA) ? Board Advisor ? Speaker ? Mentor
2 年Keep reskilling. Thank you Sierra Hampton-Simmons
Operations Manager | MSc | CEng | PMP?
2 年Business Agility & upskilling are key “takeaways”…????
Supply Chain Project Manager with expertise in customer service, vendor management, data engineering and process excellence, quality control, operational analysis, logistics and procurement
2 年The need for strategic upskilling is becoming more important these days for organizations to thrive and succeed