November 21, 2024
Right now, you are sitting in front of your computer and wondering how, based on current project status, you will achieve your remaining project goals for the year or achieve those planned for the new year.
There is a very good chance that you are stressed and worried, uncertain about achieving these goals. And even if you do make it, it's shaping up to be a very challenging journey.
You wonder why this keeps happening year after year.
At ProPharma, we believe this process should not be stressful and daunting, but rather a manageable and achievable part of the project management execution life cycle. In fact, it should be fun.
As project teams head into the fourth quarter, they tend to fall into one of three categories:
Why aren't all companies nearing successful completion of their calendar year goals like (1)? What can project teams representing (2) and (3) do to improve their situation?
We have solutions that can help teams regain control, achieve project clarity, and move from chaos to confidence.
These challenges are chains impeding a project team's ability to successfully achieve their goals. Breaking these chains will require a clear-eyed assessment of the challenges, determining how the project team got there, and deciding how to effectively resolve the issues so that they can achieve successful project execution.
The most common challenges a project team will find themselves struggling with are:
Some project teams are not effective because they lack the skills and capabilities to successfully deliver their projects. Why? Potentially a mix of staff availability, staff expertise, and competing priorities. In other situations, project teams try to execute the project with whatever internal resources have the bandwidth but are not necessarily ideal for the team.
Project teams sometimes determine that they can complete a scope of work even if it is too much work to do given the size of the team, not enough time available, or too complex for the team to handle. However, they have signed off on the scope and are trying valiantly, yet futilely, to complete the project.
The project team has to balance scope with time, budget, and resources available to achieve their project goals – some difficult decisions may need to be made. It may be very painful, but it is quite possible to complete the project on time at the expected level of excellence.
Some project teams struggle with successfully completing their deliverables, due to never-ending revisions or rework. In other situations, they have determined that X deliverables are needed for project completion, but they keep getting new unplanned deliverables added to their scope. Project teams find themselves rarely able to truly complete a deliverable – putting on-time project completion in jeopardy.
Project teams sometimes lack the project leadership needed to successfully reach project completion. Hence, there is someone who is functioning as the decision-maker and is not effectively making decisions in a time-sensitive manner. This individual may not have enough transparency to the project or have enough information to make the right decision. Finally, they may lack the temerity to make the difficult decisions the project requires.
The project team keeps reporting that the project is "green." But, they are missing deadlines, the wrong people are supporting the project or functioning as project managers, dependencies are not all identified, and/or there are huge financial/compliance impacts if the project continues to be delayed. How can a project team, based in reality with these problems, identify themselves as "green?"
As you are sitting in front of your computer, completing this document, hopefully you feel empowered – don't give up. Given our field of pharmaceutical/medical devices, we strongly believe that the work we do is ultimately in the service of our client's patient population. This group deserves a project management capability in which we commit ourselves to our highest standard of delivery by overcoming the challenges that encumber us. By doing this, we should be able to deliver our projects on time, under budget, and at the expected level of quality, breaking the chains of project management dysfunction. Contact us if you need help with your project management.
Senior Vice President, R&D Life Sciences Consulting
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