F2024 Leading Projects Week 1-1 PDF

Leading Projects in an Conte Organizational xt BUSN Week 1 10276 Professor Sandra Napoleone 1  Today Introductions Course description Learning Plan Review...

Leading Projects in an Conte Organizational xt BUSN Week 1 10276 Professor Sandra Napoleone 1  Today Introductions Course description Learning Plan Review Project Management Student handbook 2  Course Description Explore the various components of a modern business, to assess how projects fit in and provide value within an organization. Examine the relationship of power, politics, and conflict within an organization and strategies which support conflict resolution. Apply culturally sensitive interpersonal skills when communicating with peers, colleagues, and other professionals in industry while supporting organizational goals. 3  Learning Plan NOTE: the learning plan is a living document and is subject to change at the discretion of the professor. You will be informed of these changes via the Announcements page and an updated version will be available in myCanvas 4  My ask of you Active participation in class (virtually or otherwise) will be a key success factor for you in this course and the program itself. It is proven that the more you attend classes, the more you absorb and can retain What is active participation - listening, asking questions, being on screen, asking for more examples, submitting assignments and after class assignments. FYI  More engaged = more learning retained 5  Organizational Structure Organizational structure definition? An organizational structure has many levels, a rigid reporting structure, and substantial bureaucracy frequently uses a predictive approach. Projects that used adaptive methods tend to have a flat structure and may operate with self-organizing teams. Source: PMBok 7 th Ed 6  Why this matters Discussions focus on organizational structures, the power centers of the organization, and how PMs must be aware of these centres and work with them. How project teams are built and the leadership skills project managers need to help teams succeed. Discussions of human motivation and empowerment are presented as well as conflict resolution. How, you as the PM need to work within the organizational structures and how the structures work. 3  Leading projects We can’t talk about Leading projects in organizational context without talking about business. What is the definition of business? What is modern business ? What is traditional business? What is capitalism? 8  What is business? The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production of goods or services. 9  Modern Business or Traditional? What’s the difference? Is there a difference? What do we mean by Modern business and traditional business? 10  Traditional Business Traditional business characteristic Their reliance on tried-and-true methods. These enterprises usually have a hierarchical organizational structure, clear job roles, and a systematic approach to decision-making 11  Modern Business Some industry insights below Modern businesses are increasingly relying Modern businesses use data to on innovation, technology, and data to make smarter decisions. They add value for their stakeholders, including gather information from many different customers, employees, and customers sources, such as user surveys, social themselves.” – Gary Hamel, –2017. media, and website traffic. They then employ this information to recognize “Modern businesses are client-centred, patterns, comprehend client adaptable, and change-responsive. They requirements, and enhance their goods continually work to better understand the and services. According to Chris requirements and desires of their clients and Anderson, 2018. are always on the lookout for innovative methods to enhance their offerings. – Tom Creating a great client experience Peters, 2018. is a top priority for modern businesses. They achieve this by Modern enterprises are more networked supplying products and services that and collaborative than earlier ones. To satisfy their consumers’ demands, produce value, they collaborate with providing exceptional customer suppliers, partners, and other companies. service, and making doing business Additionally, they promote teamwork among with them simple. (2019) Shep Hyken. staff. Jeremy Rifkin (2015). Modern businesses are built on Social responsibility and sustainability strong cultures and principles. are gaining importance for modern These principles direct how the businesses. They are searching for methods company conducts itself and aid in to operate more sustainably and with less of fostering a supportive work 12 an impact on the environment. – Paul Polman, environment for workers. — Jim Collins, 2016. 2017.  Defining Capitalism Business historian (Joseph Schumpeter) defined capitalism as the ‘constant process of replacing old products, processes, and organizational forms with new ones.' An economic concept referred to as ‘creative destruction’ describes a process in which new innovations replace and make obsolete older innovations. Progress is the relentless creation of new companies and companies having a lifespan and then being replaced by another generation of companies. 13  How it works In a market economy (most nations currently have this), resources are allocated based on supply and demand – this is what sets prices. The notion of ‘fair’ does not really exist because prices are determined by the market. There is legislation that tries to ensure that we have an efficient market. - Governments want to ensure that competition exists in the market. - Sometimes governments will block mergers or business activity that are deemed to not be in the best interest of consumers. Laws are needed that help uphold contracts and14 transactions.  Business History History is important in business, as it has a way of predicting/repeating itself. eg business cycles, weather cycles, lessons learned Organizations have a great deal of inertia and there are difficulties in making change. Knowing the history and reasons why for what the organization is focusing on is useful. Most recently we saw a great deal of change coming quickly because of the covid pandemic. Everyone had to adapt and absorb a great deal of information in a short time. 15  Business Progress Early ‘business’ consisted of the trades/piecemeal production that happened in people’s homes. Subsistence production  people produced enough to feed themselves. Specialization and industrialization led to massive increases in production in the 1830’s-1850’s. A period in Europe known as the industrial revolution. 16  Why is this important ? The companies that you work for will be operating under a set of assumptions that it is important to know. You will work within the hierarchy of a company and within the constraints that exist. The resources you need to manage as a project manager – are living certain under constraints. You as a PM have to work with the many different areas and organizational layers of a company. 17  Summary Understanding the organizational structure helps the PM know who they are ‘working’ for. Why the project is important to the organization? Who is going to help lead the project with the PM? How does the project team come together? Why do we do projects ? 18  Next week Virtual class – Zoom details provided via the announcements section day or so before class Be prepared to be on camera we will be doing some group work. After class activity: Create a working agreement to review next week in class. You will likely need to look up what a working agreement is and then outline some things you want included on that. We will agree as group on what is in that 19  Assignment #1 - due Wed Sept 11th, 2024 Provide a summary of yourself, who you are, why did you sign up for this program? What is your goal? Be specific. Summarize your PM experience, in terms of having led projects or not? Been on project teams as a team member, etc. Or no experience in project, its all new to you. Document what you hope to learn from this course. Submit via myCanvas assignments tab. 20 Please submit a pdf, use the template