There is a vast number of project management resources floating around the enterprise today, but which approach is right for your organization? Choose the wrong project management methodology, and you run the risk of missed deadlines, cost overruns and a disgruntled C-suite. Choose the right path, and projects should run smoothly, with a minimal number of holdups, start-overs or shoulda-beens.
In this guide, examine the range of project management resources and options for your organization, including Agile project management, project and portfolio management (PPM) and business process management (BPM). Check out our related project management vocabulary and videos, and be sure to take our enterprise project management quiz.
Table of contents:
Building project management competency in the enterprise
CIO Niel Nickolaisen is endeavoring to build project management competency within his IT team. "Historically, whoever was a project's technical lead also did the project management tasks," he said. "As our systems and processes became more interdependent, however, we started to get blindsided by unknown dependencies and ripple effects."
When Nickolaisen decided to make his IT team competent in project management, he figured it would be pretty straightforward: Train or hire some good project managers and let them do their work.
"But, as I started to think about the role I really needed in my IT organization, it became apparent that building project management competency wouldn't be that simple," Nickolaisen said. "As I reflected on my project management needs, I identified three nontraditional project management characteristics that were critical to my success."
Read Nickolaisen's tips for project management success.
Video lessons on IT project management and resources
Business process management for IT project managers
John Verburgt didn't set out to live and breathe business process improvement at the Chicago Mercantile Exchange (CME) Group Inc. But after spending six years involved in remediation projects and overseeing 45 processes related to financial controls, he became the CME Group's de facto BPM guru.
In 2011, having realized "a significant reduction" in process cycle times, Verburgt was named director of BPM at the Chicago-based financial exchange and told to work his magic on the rest of the business. Three areas -- new product management, employee on-boarding and a new customer portal -- became the focus of pilots for a corporate business process improvement program.
To date, Verburgt's BPM program has helped the company improve overall business process cycle times in these areas by 30%.
Learn more in the full story, "Business process improvement is about more than efficiency gains."
Project management terminology for CIOs
Familiarize yourself with the following project management terms:
Making the most of project management methodologies
Just a few short years ago, it was cited as a coming trend: Regardless of company size, IT project management methodologies need to be smaller and faster. That trend is now upon us. Rather than plotting a big project from start to finish before they pull the trigger, CIOs must be comfortable with shorter projects, staying focused on the customer to learn to manage unknowns until they are known.
Project management remains a methodical approach to planning and guiding project processes from start to finish. What's different today is that the five stages of IT project management methodologies (as defined by the Project Management Institute) -- initiation, planning, executing, controlling and closing -- need to be applied to smaller projects. And these projects have to make a difference for the enterprise quickly (but still safely in terms of risk mitigation), because speed is becoming one of the most competitive weapons companies have.
Read the full FAQ, "Need for speed in IT project management."
Enterprise project management quiz for CIOs
An enterprise project management strategy can be an organization's best friend in the prioritization and supervision of ongoing project work. Done right, PPM approaches, Agile methodologies and continuous improvement processes can cut costs and boost efficiency within the enterprise.
Are you keeping up with the latest enterprise project management trends? Read the stories linked below and take our quiz to find out.