subject: Project Portfolio Management – Projects Must Be Consistent with the Firm's Values and Culture [print this page] Project Portfolio Management Projects Must Be Consistent with the Firm's Values and Culture
In earlier post, I discussed several things organizations can do to help align projects with a firm's goals and strategies. In this article I will address the second task that needs to be done for PPM to be effective. Projects must:
Be aligned with the firm's strategy and goals
Be consistent with the firm's values and culture
Contribute (directly or indirectly) to a positive cash flow for the enterprise.
Effectively use the firm's resourcesboth people and resources
Not only provide for current contributions to the firm's health but must help to position the firm for future success.
Projects Must Be Consistent with the Firm's Values and Culture
Geographic location, language, religion, race, values, gender, politics, and economic status are just a few of the many things that comprise an organization's culture. Ignoring these cultural differences in project management can be a major disadvantage to any project, especially in the international work environment that we live in today. Chosen projects need to align with the values and culture of the company.
In a paper titled "Diversity, Culture and Technical Project Management", Mostafa Hashem Sherif explains that cultural factors affect project management in many ways, including (1) the scope of the project, (2) the choice of the collaborative technology, (3) the social organization for production and consumption, and (4) the potential evolution of the methodology for project management.
Sherif goes on to discuss some of the cultural values that are often misunderstand, including style of authority, the concept of time, and work practices. While the purpose of this post is not to discuss how culture differences can cause misunderstandings, I do want to point out that these differences can have a significant impact on the way a project team works together and should be taken into consideration when selecting projects.
TheExecutive Team needs to select projects that align with the company's values and culture and more importantly the cultural background of the project teams.
Here are some questions to consider when selecting a project:
Does the company have the resources, people and technology to support the projects it undertakes?
Will the members of the project team be able to work together or will their differences hinder the project?
Does the technology being used take into consideration the communication barriers that may exist in the team?
Does the project team share the same values as the management team?
Does the project help support the company's mission statement?
How would the Press respond if they found out about the project? Would their reaction help the company?
To continue quoting Sherif, "Project managers must be able to recognize their own set of values and wherever possible work with team members that have the complementary skills to assist them." In project portfolio management, all projects need to align with the company's mission statement and core values. If a proposed project does not fit the culture and values of the company then it should not be considered.
