Strategy is a Commodity, Execution is an Art The importance of project management competence

1. Strategy is a Commodity, Execution is an Art The importance of project management competence Ray Mead CEO, p3m global 14th October 2014

3. p3m global

4. Skills v Competencies Skill Competency • A set of behaviours or actions to be performed in a specific context • Organisation-specific • A cluster of abilities, commitments, behaviours, knowledge and skills enabling superior performance • Learned over years • E.g. ‘Analytical ability,’ ‘Leadership’ • ‘The How’ • A proficiency acquired through knowledge, experience or practice • Learned ability to be able to carry out one or more job functions or achieve a predetermined result • Learned over months • E.g. ‘Java Programming,’ ‘Event Planning’ • ‘The What’ Both should be measurable

5. Definitions of Competency “a reliably measurable, relatively enduring characteristic (or combination of characteristics) of a person, team or organisation, which causes and statistically predicts a criterion level of performance.” Lyle Spencer “The demonstrated ability to perform activities within a project environment that lead to outcomes based on defined and accepted standards…. ….Competent project managers consistently apply their project management knowledge and personal behaviours to increase the likelihood of delivering projects that meet stakeholders’ requirements…. ….Competent project managers bring together their knowledge, skills, personal characteristics and attitudes when focusing on delivering a project.” PMI Project Manager Competency Development Framework 2nd ed.

6. What is Competence?

7. Competent Driving

8. 8 competence frameworks

9. Competency Dictionary

10. SFIA

11. APM 5 Dimensions of Professionalism Breadth APM Body of Knowledge Depth APM Competence Framework Achievement APM Qualifications Commitment Continuing Professional Development Accountability APM Code of Professional Conduct

12. APM ‘Wheel of Competence’

13. APM Competence Framework • Concept • Project Success • Stakeholder Management • Requirements Management • Project Risk Management • Estimating • Business Case • Marketing & Sales • Project Reviews • Definition • Scope Management • Modelling & Testing • Methods & Procedures • Project Quality Management • Scheduling • Resource Management • Information Management • Project Management Plan • Configuration Management • Change Control • Implementation • Technology Management • Budget & Cost Management • Procurement • Issue Management • Development • Value Management • Earned Value • Value Engineering • Handover & Closeout • Communication • Teamwork • Leadership • Conflict Management • Negotiation • Human Resource Management • Behavioural Characteristics • Learning & Development • Professionalism & Ethics • Project Sponsorship • Health, Safety and Environmental Management • Project Life Cycles • Project Finance & Funding • Legal Awareness • Organisational Roles • Organisational Structure • Governance of Project Management Technical Competencies Contextual Competencies Behavioural Competencies

14. PMI Competency Development Framework • Knowledge Competencies: • What the project manager knows about the topic of project management • Performance Competencies: • How the project manager applies • Project knowledge to project activities • in a live environment • Personal Competencies: • How the project manager behaves when performing activities within the project environment. • Organisational Competencies: • There may be specific elements of the organisation in which a project manager works that, when mastered, enables them to perform better. This may be the ability to use certain systems, methods, escalation paths and other organisational process assets • Industry Specific Competencies: • In some industries there may be specific knowledge, skills or attitudes that are needed to succeed therein..

15. PMI Competencies Performance Competencies

16. PMI Competencies Personal Competencies

17. 17 assessing competence

18. Competence Assessment Approach Spencer: ‘reliably measurable’ = “two or more independent observers or methods (tests, surveys) agree statistically (usually r =.80) that a person demonstrates a competency characteristic.”

19. Online Component: p3m pulse

20. Results: Scoring & Benchmarking

21. Results: Competence Assessment Reports Each participant receives a Competency Assessment Report detailing their assessment results across the 5 areas

22. Results: Recommended Development Plans

23. 23 developing competence

24. Developing Competence

25. Developing Competence • Trial and error • Cross-functional teams • Special projects • Community involvement • Sabbaticals - Learning from others - Coaching - Mentoring - Networking - Instructor- led courses - eLearning - Certifications - Conferences

27. p3m pathways

28. 28 in summary

29. Application of competence-based management • Inputs into planning cycle • Continuous improvement • Performance-based pay • Clear career progression • Objective bonus criteria • Team Gap Analysis • Job Descriptions • Weighted Interview Criteria Know, Plan & Manage Reward Acquire • Targeted Training • Intelligent Mentoring • Coaching Develop • Right People • Right Skills • Right Place • Right Time Deploy Analyse Assess • Trend & root cause analysis • Pareto analysis • Measuring performance • Identifying strengths and weaknesses

30. Benefits of P3M competence management • Resource Management • More targeted resource allocation • Reduced reliance on contract resource • Increased productivity through capitalising on strengths • Clearer view of organisational capability • Optimised Resources • Recruitment • More appropriate candidates interviewed • More objective hiring decisions • Lower recruitment costs • Staff Development • Reduced staff turnover • Clearer career progression and remuneration scales • Performance-based reward schemes • Reduced training costs • Enhanced staff motivation • Project Performance • Justifiable charge-out rates from competency-based pricing • More stable HR requirements planning • Reduced project risk • Increased project profitability

31. Improving your P3M competence 6 ways to boost your competence • Learn from your mistakes • Lessons learned • Seek feedback • Know thyself • Strengths & weaknesses • Default personality settings • Challenge Yourself • Embrace the new and unfamiliar • “Do one thing that scares you everyday” Eleanor Roosevelt • Set yourself some goals • Make them SMART • Contextualise them with career direction • Target your training • Training gives you skills – can you apply them? • Find a Mentor

32. 32 ? questions