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Let Project Management Boost the Bottom Line

Posted: June 12, 2008

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4. Unearth the hidden gems in your project agreement and documentation. Too many people mistake documentation as busy work instead of using it to get at its real value. When you close out a project, don’t literally put it to bed. Instead, wake up and unearth all the gems inside it. Did you have enough resources allocated to this project? At what points did this project falter and why? What was behind the cost variance between our original budget and actual budget? If you don’t capture the intelligence in your documentation, understand it and share it, you’ve missed a huge opportunity to make you and your team more productive, effective and efficient.

5. Create a consistent and standardized approach to project management. I know this seems like a no-brainer, but I see companies every day that expect their people to learn project management by osmosis. I know you’ve seen this too: “Let the new people shadow Gloria for a few days because she’s a great project manager.” This is a good start, but you can’t have enterprise-wide impact from Project Management unless you have a consistent way of approaching project management.

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About the Author
Michelle LaBrosse is the founder of Cheetah Learning. An international expert on accelerated learning and project management, she has grown Cheetah Learning into the market leader for project management training and professional development. In 2006, The Project Management Institute, www.pmi.org, selected LaBrosse as one of the 25 Most Influential Women in Project Management in the World, and only one of two women selected from the training and education industry. She is a graduate of the Harvard Business School’s Owner & President Management program for entrepreneurs, and is the author of Cheetah Project Management and Cheetah Negotiations. Cheetah Learning is a virtual company and has 100 employees, contractors and licensees worldwide.