How Executive Project Sponsors Influence Success

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Article from Harvard Business Review
Sharon Ott
Fichas por Sharon Ott, actualizado hace más de 1 año
Sharon Ott
Creado por Sharon Ott hace casi 9 años
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Pregunta Respuesta
Can Executive sponsors influence the outcome of a project? The PMI states that having executive sponsors who are actively engaged is the leading factor in project success.
Describe the four stages of a project life-cycle INITIATING: from the preliminary idea to the approved Charter PLANNING: from approved Charter through approved Project Plan EXECUTING: from approved Project Plan through accepting major deliverables CLOSING: from accepting major deliverable through final completion.
According to this article, what are the three essential success factors? 1. Customer impact: the extent to which the project's deliverables meet the needs of the project's customers. Meeting customers' needs is almost always the most important success measure.
2. Meeting agreements: Was the project completed on time, on budget, and to specifications? 3. Future benefits to the company--be they new technology, new products and/or commercial success.
What are the project sponsor behaviors that affected the Initiating Stage? 1. Setting performance goals 2. selecting and mentoring the project manager 3. Establishing priorities (what needs to happen first and how should conflicts be settled?)
What are the project sponsor behaviors that affected the Planning Stage? 1. To ensure that all the necessary planning is accomplished on a timely basis. 2. To develop productive relationships with stakeholders
Which project sponsor behaviors are most effective during the executing stage? They are: 1. Ensuring adequate and effective communication, 2. maintaining relationships with stakeholders and 3. ensuring quality.
Which project sponsor behaviors are most effective during the Closing Stage? 1. Knowledge management (identify and capture lessons learned) 2. Verifying that the organizational capabilities have been improved and promised project benefits achieved.
Knowledge management: during the Closing stage sponsors need to ensure that meaningful lessons learned from the project are identified and captured for future use/projects. Ensure that capabilities and benefits are realized: employees should become more committed and capable and processes more effective and more efficient.
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