The Greek Chapter of Project Management Institute (PMI-GREECE) http://www.PMI-GREECE.org “Making Project Management Indispensable for Business Results in Greece»! Project Sponsorship Event: 14 th of June 2014 WebEx event moderator: Theofanis Giotis PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
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The Greek Chapter of Project
Management Institute (PMI-GREECE) http://www.PMI-GREECE.org
“Making Project Management Indispensable for Business Results in
Greece»!
Project Sponsorship Event: 14th of June 2014
WebEx event moderator: Theofanis Giotis PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
PMI North America Global Congress 2011
Dallas, Texas, USA Alfonso Bucero just received the PMI Fellow Award PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
6/14/2014
1
1
The Campaign for ‘real’ Project Sponsors
Presenter: Peter Taylor (The Lazy Project Manager) Date: 14th June 2014
Next please …
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
6/14/2014
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From ‘Strategies for Project Sponsorship’ Vicki James, Ron Rosenhead
and Peter Taylor
We found…
85% of organisations had sponsors in place
83% of organisations don’t train/support/guide sponsors
100% of respondents believed that having a good sponsor was key to project success
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
6/14/2014
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Your portfolio…
Portfolio = €10,000,000 +29% = +€2,900,000
-13% = -€1,300,000
Your portfolio…
Portfolio = €50,000,000 +29% = +€14,500,000
-13% = -€6,500,000
Standish believe… ‘The most important person in the project is the executive sponsor. The executive sponsor is ultimately responsible for the success and failure of the project’
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
6/14/2014
4
Why CEOs get fired!
A four-year study by LeadershipIQ.com compiled the following results after interviewing 1,087 board members from 286 public, private, business and healthcare organizations that fired, or otherwise forced out, their chief executive.
0%
5%
10%
15%
20%
25%
30%
35%
Mis-managing change Tolerating low performers Ignoring customers Too much talk, notenough action
Denying reality
Reasons why CEOs get fired
Mis-managing Change!
A four-year study by LeadershipIQ.com compiled the following results after interviewing 1,087 board members from 286 public, private, business and healthcare organizations that fired, or otherwise forced out, their chief executive.
0%
5%
10%
15%
20%
25%
30%
35%
Mis-managing change Tolerating low performers Ignoring customers Too much talk, notenough action
Denying reality
Reasons why CEOs get fired
Project Failure Percentage Reason Sponsor Project
Manager
40% Unrealistic Goals
38% Poor alignment of Project and Organisation Objectives
34% Inadequate Human Resources
32% Lack of Strong Leadership
21% Unwillingness of team Members to identify Issues
19% Ineffective Risk Management
Good Project Sponsorship Everyone believes it is critical to project success and yet
Sponsors are not ‘trained’ to be effective Sponsors do not have the ‘time’ to be effective Sponsors are just expected to ‘know’ how to do the job
What is Sponsorship? Sponsors • The Project Sponsor or Senior Reporting Officer is the
‘owner’ of projects on behalf of the organisation
• It is important for every project to have a sponsor to: • Ensure separation of decision making responsibilities between
project manager and project sponsor • Ensure accountability for the realisation of project benefits • Ensure oversight of the project management function • Carry out senior stakeholder management
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference
6/14/2014
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Sponsors • There are two main differences between project
sponsorship and project management:
Project Sponsor Project Manager
ACTS
OWNS
ENDS
Identifies Defines
Business Case Risks
To Point of Value ‘Benefits
achieved?’
Plans Delivers
Project Plan Risks
To Project Close ‘Job well Done?’
Checklist
www.strategies4sponsors.com
Too much of a good thing A dashboard view
Time to GROW - Sponsorship
GOALS
Aim
Objectives
REALITY
Assessment
Assumptions
OPTIONS
Ideas
Choices
WILL
Action
Obstacles
PMI-GREECE Sponsorship Event 14th of June 2014 Athens, Greece | WebEx Teleconference