Challenges in a Project-Based Economy

Challenges in a Project-Based Economy

People in the Project Economy have all the skills and capabilities required to turn ideas into reality, regardless of the type of project they are working on. It is the process by which organizations provide value to stakeholders by completing projects, delivering products, and aligning with value streams.

Project-based work has well-defined goals, milestones, deliverables, and a start and end date. Projects can last hours, months, or years, depending on the project and business needs. However, the work is focused on business needs and objectives rather than specific roles.

Project Based Work

Project Based Work

Business leaders always want their teams to be agile and nimble. Adopting a project-based work mindset can help them achieve their goals. In addition, according to a recent MIT and Deloitte report, executives are increasingly viewing their workforce as an ecosystem, drawing on the diverse skill sets of their full-time employees and freelancers to meet business challenges.

Business Leaders Need

Business Leaders Need

The Project Economy Has Arrived

The Harvard Business Review Project Management Handbook (2021) by Antonio Nieto-Rodriguez states that:

  • By 2027, nearly 88 million people worldwide are expected to be employed in project management, and the value of project-oriented economic activity is expected to reach $20 trillion.
  • However, research shows that only 35% of global projects are successful, implying that project professionals waste time, money, and opportunity.
  • To capitalize on the new project economy, businesses must adopt a project-driven organizational structure to ensure executives can sponsor projects and train managers in modern project management.

The Rise of the Project Economy

Berkley’s guide states that the rise of the Project Economy will play an essential role in the Future of Work. The following statistics from the below-mentioned survey make this statement more accurate:

  • Almost 80% of executives believe the future of work will be project-based rather than role-based.
  • More than 85% of all highly skilled independent contractors work in the Project Economy.
  • According to the PMI, project-based economic activity will increase by 68 percent, from $12 trillion in 2013 to $20.2 trillion in 2027. Employers will require 87.7 million PM-related specialists by 2027.
PMI Report

PMI Report

  • 89% have at least one project management office (PMO), and 50% have multiple.
  • Project work is expected to increase by 68% in the future, according to The State of Project Management report by Wellingtone.
Rise of the Project Economy

Rise of the Project Economy

Challenges for the whole organization

The world is changing faster than ever, and businesses need help keeping up. However, savvy companies understand that the solution lies in developing and leveraging their people’s most valuable asset.

According to Global Talent Trends 2022 studies, workers are more stressed than ever. Eighty-one percent report being at risk of burnout, and one in five blame working for a company whose values do not align with theirs.

Human resource and project managers face many challenges in the whole organization.

  1. Close Skill Gap

Planning and managing long-term skill development will become more important as people lead longer, more diverse careers. Digital skills are now expected, and knowledge of business processes and related concepts is considered a core competency in every worker’s skill set.

Analytical and critical thinking skills have progressed from the exception to the norm, while interpersonal and leadership abilities are more valued than ever. Yet, many businesses face crucial skill shortages, particularly in retail, construction, real estate, manufacturing, education, medical and health services. According to McKinsey, 87 percent of executives report or expect skills gap challenges in the next few years.

  1. Initiatives to improve hiring

Hiring talented, qualified people has become critical to business success in a world of labor shortages and job-hopping. But it takes work.

  • According to Josh Bersin’s study, 74 percent of businesses in the United States underperform when hiring, and only 60 percent of newly created jobs are filled.
  • Businesses are attempting to attract not only talented but also diverse employees: The State of DEI Efforts report states that Finding various candidates with appropriate qualifications is the most difficult challenge for 43 percent of respondents.
  • Also, Glassdoor’s Diversity and Inclusion Workplace Survey states that 76 percent of job seekers and employees value a diverse workforce when evaluating companies and job offers.
  1. Leadership development

Living in a volatile, uncertain, complex, and ambiguous (VUCA) world has become the norm. Influential leaders must be agile, constantly reevaluate and iterate their leadership practices, and strongly desire to build resilience for the future.

Organizations must adapt to new levels of complexity and ambiguity due to the COVID-19 pandemic’s disruption of the global economy and traditional modes of operation. The recovery from COVID-19 and the long-term impact of its disruption remain unknown. However, many organizations plan to meet their strategic goals and objectives as things begin normalizing. They must be especially cautious in the VUCA world.

VUCA: Companies and managers must embrace versatility, agility, and discomfort to progress. Covid-19 was the year of the phygital revolution – the physical, digital, and online-offline workplace convergence. In such a VUCA environment, managers and companies must be versatile, uncomfortable, collaborative, and agile to progress in a Phygital world. Therefore, every company and leader must be skilled in being versatile, uncomfortable, collaborative, and agile.

  1. Workforce retention

The ‘Great Resignation’ has resulted in historic numbers of people quitting their jobs, with the following industries suffering the most:

  • Leisure and hospitality
  • Trade, transportation, and utilities
  • Professional and business services
  • Education and health services
  • Manufacturing
  • Construction

Businesses are grappling with the issue of how to retain employees. One solution is to provide employees with opportunities for learning and skill-based career growth. However, employees see professional development opportunities as the most important way to improve and change the company culture.

  • The Workplace Learning 2022 Report states that 46% of L&D leaders said upskilling or reskilling was a top focus area this year; internal mobility, career pathing, and employee retention fell toward the bottom.
  • According to The American Upskilling Study 2021 study, 66 percent of workers aged 18-24 ranked upskilling opportunities as the third-most important benefit in evaluating a new job, and 48 percent of workers in the United States would relocate for such opportunities.
  1. Enterprise agility

To thrive in a highly dynamic world, organizations must quickly adapt to changing technology, markets, and customer needs. Enterprise agility denotes a shift away from traditional hierarchical structures and disconnected teams toward an operating model that optimizes strategy, structures, processes, people, and technology.

Rather than being hindered by the relentless pace of change, agile enterprises are more likely to capitalize on emerging technologies and business trends to differentiate themselves from the competition. However, as per a McKinsey report, two-thirds of businesses say they need to prepare for workforce disruptions brought on by technological and market trends.

  1. The transformational potential of learning

Employees and organizations are moving together as they navigate the complexities of a rapidly changing world. Workers must embrace a culture of lifelong learning to remain relevant. The benefits for businesses are evident, with skilled workers becoming more agile and motivated. In addition, Upskilling and reskilling can transform society as a whole, allowing under-represented groups to participate in the economy and be more involved.

  1. Impact of Emerging Technologies

Emerging technologies continue to influence how we live, work, and interact in a world driven by digital solutions. Many technological advancements are beneficial: they increase productivity, make necessary services more accessible, and generally make our lives easier.

Emerging technologies such as artificial intelligence (AI), robotics, the Internet of Things (IoT), blockchain, cybersecurity, and big data can make products and services more widely available, particularly to those currently unable to use them.

Several significant benefits for business processes should also be considered. Businesses already use a variety of digital solutions to attract customers, such as applications and websites. By 2030, approximately 70% of companies worldwide will have adopted at least one type of AI technology, with other emerging technologies being implemented quickly. Thus, technological solutions will continue to automate and innovate our work.

Future Challenges for the Whole Organization

Future Challenges for the Whole Organization

Perspective Competency and Strategic Envisioning

A better approach would be to stop thinking about today’s challenges in terms of ‘project management.’ Instead, we must reframe the question to how we can do our work most efficiently. This also entails abandoning the notion of project management as a technical discipline in favor of viewing it as a collection of skills and disciplines required to complete work today. Christoffer Ellehuus, in the article Succeeding in the Project Economy, outlines four significant components for this phase.

  1. Strategy

Executing a strategy must be rooted deeply in the organization and must be understood by all. The biggest challenge is selecting the right work and eliminating unnecessary tasks. In addition, identifying opportunities for innovation, growth, and value creation are critical areas for improvement.

  1. Work

Work completion necessitates action in three areas: process expertise, workflow management, and innovation. The most challenging priority is managing multiple priorities and interrelated work streams. Project management is a skill that should be developed in every sector.

  1. People

80% of managers see the need to create conditions for leading in an environment of ambiguity. 79% know the challenge of leading through change or transformation as a priority. A significant shift in how leaders approach people management is required to nurture team members and build the capacity to deal with challenges.

  1. Self

A well-developed ability to manage and improve your capacity is immensely valuable. Therefore, the most urgent focus areas are to build creative, problem-solving, and critical-thinking skills.

Understanding Generation Z in the workplace

A new generation brings a new outlook on work. Generation Z is already an undeniable force in shifting corporate culture. By 2025, Gen Z employees will account for 27% of the workforce, bringing their expectations and values. There may be an area where an existing employee’s opinions, ideas, and working patterns vary. So, there should be an area to bridge the gap between the experienced and Gen Z employees.

Bridging the Gap – Experienced vs. Generation Z

Today, younger generations are entering the workforce. At the same time, older employees remain in the workforce for longer due to economic necessity. In the workplace, the experienced and Generation Z employees may have noticed a few challenges and questions to the management while allocating them a task together:

  • Do these coworkers have difficulty conversing with one another?
  • Do they appear to have opposing processes and preferences for completing their work?
  • Have their differences hampered their ability to generate complementary ideas and collaborate on projects from start to finish?
  • Do they find it difficult to relate to customers of different generations and adapt to their expectations?
  • Are they having trouble identifying common motivators for their team?
Challenging Questions For Experienced & Generation Z

Challenging Questions For Experienced & Generation Z

But it might be better if the experienced employee tries to learn about Gen Z’s as they are thoroughly updated on technologies and adapted to hybrid working culture. Some aspects that may build the bond between experienced and Gen Z employees:

  • Gather inputs from each other
  • Live the culture
  • Create opportunities for face-to-face interaction
  • Facilitate frequent peer-to-peer recognition
  • Form cross-generational teams
  • Implement social technology for building relationships at work
Building Bonds Between Experienced & Gen Z Employees

Building Bonds Between Experienced & Gen Z Employees

The Skills Challenges of the Future Workforce

Technology, globalization, demographics, social values, and changing personal expectations of workforce participants are causing a dramatic change in the future of work and the workforce. As per The Future of the Workforce study, there are four significant workforce causes of disruption:

  • Demographic upheaval
  • Ever-present and changing digital technology
  • An accelerated rate of change and business-model innovation
  • The rise of a new social contract
Significant Workforce Causes of Disruption

Significant Workforce Causes of Disruption

To survive the hypercompetitive, fast-paced future of work, an organization must be laced with strong interpersonal connections across a diverse workforce. In the aspect of a better workforce in the future, the employees need to necessitate the combination of four key work skills:

  1. Digital tools and technological abilities
  2. Good understanding of analytics and data
  3. Business management abilities
  4. Design and creative abilities
Key Work Skills to Survive

Key Work Skills to Survive

Get adapted to change

The projectification of work has rapidly shifted the nature of most professionals’ work, moving away from routine operations and decisively toward project leadership. In this new world, executives must answer three critical questions.

  • Is your organization prepared to thrive in the project-based economy?
  • Do professionals in your organization have the necessary adaptive mindset to carry out critical projects?
  • Do your project managers have the business skills to prioritize competing workstreams and align with shifting business priorities?

The way forward

Great projects don’t just improve work; they improve the world. Key characteristics that leaders must possess to excel in a project-driven world:

  • Project management skills
  • Product development and subject matter expertise
  • Strategy and business acumen
  • Leadership and change management skills
  • Agility and adaptability
  • Ethics and values

Managers and organizations must become comfortable devising strategies driven by change rather than efficiency to transform themselves and thrive in the new project economy. They must delegate more resources, budgets, and decision-making authority to projects and project teams rather than the traditional departmental hierarchy. They will need to develop project management skills and adopt new technologies. Finally, they must encourage a shift in emphasis away from inputs and outputs and toward outcomes and value.

Agile and Emotional Intelligence | Justin Buckwalter | Dharam Singh | Episode 14

Agile and Emotional Intelligence | Justin Buckwalter | Dharam Singh | Episode 14

🌟 Boost Your Agile Team’s Emotional Intelligence! 🌟

In our latest discussion on Agile and Emotional Intelligence, Justin Buckwalter, PfMP, PgMP, PMP, PMI-ACP, PMI-RMP and I uncover the pivotal role of EI in team success. In the rapidly evolving project environment, Emotional intelligence (EI) is not just a bonus—it’s essential. 🚀

🔍 Episode Highlights:
+ Understanding EI: Discover why Emotional Intelligence is crucial for team collaboration and effective decision-making.
+ Agile & EI Synergy: Learn how to apply Agile practices to boost EI in your teams.
+ Navigating Challenges: Explore strategies to overcome potential conflicts when integrating EI into team dynamics.
+ Emotional Agility: Enhance workplace and personal relationships through improved communication and understanding.
+ Leadership Through EI: Empower project managers to harness EI for better leadership and more productive teams.

🎧 Tune into our conversation and gain invaluable insights on enhancing your team’s emotional capabilities! Check out the episode now: https://youtu.be/SQQZFcz7Ng4

💬 Share your thoughts on Emotional Intelligence vs. Emotional Agility in our project environments. What challenges have you faced integrating EI into your projects?

🚀 Elevate Your Project Management Career:
– Register for my upcoming PgMP/PfMP Success Story Webinar: https://bit.ly/3TSx8fj
– Book an obligation-free consultation session on Project management Career, training, and certifications: http://talktodharam.com
– Discover training offers and certification discounts: https://bit.ly/3jWVepD
– Stay updated with our Q&A series and certification success stories by subscribing to the vCare Project Management YouTube channel at https://bit.ly/2YF0wJl
– Follow my podcasts and interviews with Project Management Experts on YouTube at https://bit.ly/2NDY8wd

From Program Managers to Changemakers | Justin Buckwalter | Dharam Singh | Episode 13

From Program Managers to Changemakers | Justin Buckwalter | Dharam Singh | Episode 13

Join Justin Buckwalter, PfMP, PgMP, PMP, PMI-ACP, PMI-RMP and me in our latest episode as we explore the transformative journey “From Program Managers to Changemakers.” We discuss how program managers can evolve into forces of change, leading projects and teams toward impactful innovation. We also differentiate the roles of change managers and changemakers and uncover the strategies that drive successful organizational transformation. Additionally, we delve into the significance of the Agile Manifesto for changemakers and how they emerge as next-generation leaders in a VUCA (volatile, uncertain, complex, ambiguous) world. This episode is a must-watch for those ready to lead change and inspire their teams to do the same.

🔗 Watch now: https://youtu.be/QO4oR_wuZ0E

🚀 Elevate Your Project Management Career:

– Register for my upcoming PgMP/PfMP Success Story Webinar: https://bit.ly/3wEcztT

– Book an obligation-free consultation session on Project management Career, training, and certifications: http://talktodharam.com

– Discover training offers and certification discounts: https://bit.ly/3jWVepD

– Stay updated with our Q&A series and certification success stories by subscribing to the vCare Project Management YouTube channel at https://bit.ly/2YF0wJl

– Follow my podcasts and interviews with Project Management Experts on YouTube at https://bit.ly/2NDY8wd

Emergence of Enterprise Project Management Office (EPMO) | Free Webinar with Janine Donohue | 1 PDU | vCare PgMP Success Story

Emergence of Enterprise Project Management Office (EPMO) | Free Webinar with Janine Donohue | 1 PDU | vCare PgMP Success Story

Emergence of Enterprise Project Management Office (EPMO)

Join me for an insightful webinar session with Janine Donohue, EPMO Director at NYCERS. This session targets Senior Professionals in Project, Program, and Portfolio Management, offering an unparalleled look into the transformative power of the Enterprise Project Management Office (EPMO).

This webinar will delve into:
– EPMO’s pivotal role as a change enabler and its influence on organizational value.
– Strategic considerations for EPMO structuring and enterprise integration.
– Guiding EPMO’s evolution within organizations to foster growth and adaptability.
– EPMO’s critical impact on reinforcing transformation cultures and achieving change management goals.

Why attend? Beyond the invaluable knowledge, earn 1 PDU to further your professional development.

🔗 Reserve your spot now: https://bit.ly/3wEcztT

Session Date: Thursday, 04th April 2024

Session Time: 10:00 AM – 11:00 AM (AKDT) / 11:00 AM – 12:00 PM (PDT) / 12:00 PM – 01:00 PM (MDT) / 01:00 PM – 02:00 PM (CDT) / 02:00 PM – 03:00 PM (EDT) / 03:00 PM – 04:00 PM (BRT) / 07:00 PM – 08:00 PM (BST) / 08:00 PM – 09:00 PM (CEST) / 09:00 PM – 10:00 PM (AST) / 10:00 PM – 11:00 PM (GST)

🚀 Elevate Your Project Management Career:
– Book an obligation-free consultation session on Project management Career, training, and certifications: http://talktodharam.com
– Discover training offers and certification discounts: https://bit.ly/3jWVepD
– Stay updated with our Q&A series and certification success stories by subscribing to the vCare Project Management YouTube channel at https://bit.ly/2YF0wJl
– Follow my podcasts and interviews with Project Management Experts on YouTube at https://bit.ly/2NDY8wd

 

Leadership effectiveness in program management   

Leadership effectiveness in program management  

Managers who practice both strong management and effective leadership skills are successful project managers. Management skills are different from leadership skills. Effective leaders develop new leadership skills to enhance the ones that help them succeed as managers.

Organizations require effective leaders to achieve their strategic goals through programs and initiatives. Therefore, organizations need successful project/program managers who are also effective leaders. But what kind of leadership skills do project managers require? Are project management skills insufficient?

Project management differs from leadership. However, although project management differs from leadership, the two have some similarities. For instance, the performance of a project manager and the leader’s efficacy are both judged in terms of the performance of the followers—the team’s performance. As a result, focusing on team performance is a critical component of building project managers’ leadership skills.

Leadership Effectiveness

Explore how leadership effectiveness is defined by a leader's ability to influence, manage, and inspire team members to achieve common goals, leading to high productivity, performance, and employee well-being. Discover the impact of great leadership on corporate culture and organizational success.

Leadership Effectiveness

On a macro level, leadership effectiveness is defined by a leader’s ability to gain support and influence throughout an organization to guarantee that everyone is going in the same direction to achieve common goals. It effectively measures a leader’s ability to lead, influence, manage, advice, and build their team members. The total growth and performance of the teams may be used to assess leadership effectiveness. Those who report high levels of productivity, performance, employee happiness, and well-being indicate high levels of leadership effectiveness.

A good leader inspires the best in others. These leaders understand how to create the ideal corporate vision, establish the proper values, and assist employees in focusing on and improving their skills. Great leadership reflects great performance, not just complex numbers. Workers and the organization will improve if leaders establish a great corporate culture and help employees thrive.

Program management

According to the Standard of Program Management – Fourth Edition, Program management is “the application of knowledge, skills, and principles to a program to achieve the program objectives and to obtain benefits and control not available by managing program components individually.” Program management involves aligning program components to ensure goals are achieved and benefits are optimally delivered. Program management is performed by a program manager authorized by the organization to lead the team(s) responsible for achieving program goals and objectives.

Ways to improve leadership effectiveness in Program Management 

Discover key strategies to enhance leadership impact in program management. Learn how to foster clarity, accountability, feedback culture, trust, and continuous performance management for driving team success and achieving organizational goals.

Ways to improve leadership effectiveness in Program Management

 

  1. Ensure clarity and visibility of goals

You may begin your path to improve leadership effectiveness in your business by encouraging leaders, managers, and executives to focus on objective clarity and visibility. This move has multiple aspects. First and foremost, the goals must be very clear. As a result, goals must be SMART for effective leadership, and adopting an OKR approach will make sense.

Second, for comprehensive visibility, the goals must be communicated to everybody. On the one hand, everyone in the team has to understand the organization’s goals and their role in attaining them.

  1. Facilitate accountability and responsibility

Second, exercising accountability and responsibility is critical for leadership success. Encourage your leaders to take accountability for their actions. The goal is to encourage them to be interested in increasing their leadership effectiveness. This aspect requires determining which skills and abilities to be acquired, as well as aspects such as emotional intelligence and empathy. When your leaders seek to improve themselves, they usually set a good example for others to follow, increasing their effectiveness as leaders since they may start a positive trend.

  1. Create a culture of feedback

Leadership effectiveness is heavily influenced by a leader’s desire to improve oneself. It is optional to self-assess the deficiencies and work on upskilling in this situation. Instead, it is critical to foster a feedback culture. First and foremost, it is vital to provide feedback to employees on their performance and to assist them in improving and growing along the way. This move will immediately influence organizational goals and define increased effectiveness.

Second, encourage your leaders to be receptive to employee input as well which will assist them in seeing and comprehending the gaps in their leadership style that may impede their success as a leader. Creating a feedback culture can promote improved outcomes, eventually enhancing leadership effectiveness.

  1. Build trust and transparency

Trust and openness are required for leaders to influence, direct, and build their teams to success. When employees trust their supervisors or leaders, they will follow them fully and offer their all. If not, following their manager will be a pointless exercise limiting leadership effectiveness.

Similarly, it is critical to be open and honest with all employees. Secrets, nepotism, preferences, and biases will be self-defeating if you want your leaders to inspire everyone collectively. Instead, everyone must be treated equitably, and all processes must be transparent to acquire team trust and influence them.

  1. Focus on continuous performance management

Effective leadership is not just about motivating and encouraging team members to follow a leader or manager but also about doing so in a way that leads to achieving a certain objective or high level of performance. As a result, boosting leadership effectiveness necessitates emphasizing continuous performance management.

Employees grow and develop when their leaders or managers regularly monitor and track employee performance and give frequent interventions and corrective steps to minimize risks or problems. As a result, they can motivate and inspire their team members, resulting in increased leadership effectiveness.

  1. Respect differences and promote inclusion

Members of each team come from various backgrounds, bringing with them different perspectives, ideas, and opinions. An effective leader accepts these differences, appreciates them, and recognizes their value. To boost leadership effectiveness, you must cultivate an inclusive culture. In addition, your leaders must understand the important skills and competencies each team member brings to the table and how the multiple views and perspectives offer the ideal breeding environment for creativity and success, resulting in leadership effectiveness.

  1. Foster a growth mindset

The last recommended practice for increasing leadership effectiveness is cultivating a growth mindset. It would be best to encourage your leaders to have a growth mindset during all interactions or choices they make. For example, when dealing with a team member, they must keep the employee’s personal and professional development in mind. Likewise, when making a strategic choice, they must link it with the organization’s goals and how it will eventually contribute to its success. With a development mentality, your leaders will guarantee that they lead effectively, strategically, and in the greatest way possible.

Leadership in Project Management

Leadership in project management is a vital ability for completing the project effectively. Leadership in a project setting, like leadership in other areas of business, necessitates demonstrating many talents and behaviors. Leadership is essential to ensure your initiatives’ success, from team direction to project governance.

Leadership and project management go hand in hand. You oversee the project and lead the team as the project lead. Setting the vision and encouraging the team to work together to accomplish it is a vital component of leadership. You can see how significant that is in a project environment. Delivering any project requires a team effort. While some teams work without a clear leader, in today’s business, it is more customary for someone to be in the leadership role, guiding and directing the team toward their goals.

5 Essential Project Leadership Skills

Influential leaders draw on many essential project management skills and competencies. The top five project management leadership skills are:

Discover the top 5 essential leadership skills for project success: communication, team leadership, motivation, solution crafting, and conflict resolution. Learn how to inspire your team, build strong relationships, and drive project outcomes.

5 Essential Project Leadership Skills

 

  1. Communication

One of the essential project management characteristics is communication skills. Communication skills are essential for project leaders since their job requires collaboration. You can only collaborate efficiently if you can communicate clearly. Leaders can communicate ideas to people and groups in person, over the phone, or through other modes of communication. Therefore, communication is one of the most important abilities of a program manager, especially in a leadership role.

  1. Team leadership

The leader establishes the vision. They motivate others around them. Someone with outstanding project leadership skills fosters team agreement and togetherness while managing day-to-day team activities.

Team leadership on projects entails establishing an atmosphere in which everyone may thrive. People are drawn to the project culture that surrounds them. Stakeholders want to participate in the project because they know you will complete the task while creating a pleasant working environment.

  1. Motivation

Leaders inspire people to act even when they are not technically in control. As a program manager, you figure out what makes the other team members feel like they’re doing their best, and you do your best to deliver it to them.

Everyone is driven differently, and a person’s motivation can shift over time. Great leaders realize these distinctions and enable their employees to accomplish their best by fostering a happy work environment.

  1. Crafting solutions

Empowering the team and the larger stakeholder community to participate in developing solutions is part of fostering a positive working culture. That entails removing obstacles so each team member may fulfill their work and contribute new ideas without worrying about something getting in the way. Empowering leaders will also drive decisions down the hierarchy to the lowest possible level, allowing specialists to judge the solutions required to keep the project going.

  1. Conflict resolution

Conflict is inevitable when introducing or altering anything. However, effective leaders understand how to use conflict for good since the finest solutions emerge when ideas are challenged.

Conflict may benefit teams because it allows all voices to be heard and opposing viewpoints to be expressed, frequently leading to a better solution and more effective project outcomes. However, leaders must be prepared with conflict resolution tactics to recognize and address conflict before it becomes a problem for the team.

The Challenges of Leadership Effectiveness

Discover the key challenges leaders face in today's complex project environments. Learn how to develop managerial effectiveness, inspire teams, embrace servant leadership, and lead diverse teams for optimal project success.

The Challenges of Leadership Effectiveness

  1. Development of managerial effectiveness

To improve their leadership effectiveness, project leaders must acquire the following skills:

  • Time management
  • Task prioritization
  • Strategic thinking
  • Goal-setting ability
  • Good judgment

These are essential skills for a project leader to deliver effective projects and handle the possibly competing demands of many duties. Without them, a leader is more prone to burnout from focusing on irrelevant matters and achieving little of the planned tasks and objectives.

  1. Inspiring and Motivating the Workforce

Motivating and inspiring others to follow you and act in a specific manner is a skill that some people appear to be born with, and others must learn. However, whether you have an inherent talent for motivating others or not, it is a skill that every project leader must have to motivate their worldwide workforce.

Passion is an important aspect of inspiring and encouraging people. Passionate leaders ignite the fire in their team members, allowing innovation to flourish and encouraging everyone to participate. In addition, effective leaders can naturally share and correctly convey their team’s and stakeholders’ enthusiasm and drive.

  1. Developing Employees and the Rise of “Servant Leadership.”

“Servant leadership” is based on the idea that leaders should not just delegate responsibilities but also consider themselves servants of the people they manage. As a result, their actions are driven by what is best for their team or workers rather than by what is best for themselves, which might manifest itself in the following ways:

  • Close collaboration between management structures and employees
  • Active participation in the growth of their teams
  • Leading by example and embodying the ideals that leaders want to see in their team dynamics
  • Using value systems to motivate teams to act rather than spreading fear
  • This managerial style is infused with sincerity and humility.

A project leader who can find a balance between the servant-leader management style and more antiquated, authoritarian methods will be able to inspire and encourage their workforce.

  1. Leading a Team

All diverse cultures and viewpoints must cooperate and contribute to leading a project team effectively. Whether forming a new team or taking over an existing one, leaders must be able to give the support their team requires to cope with and navigate change or to create something entirely new.

Determining the sort of assistance required might take time and effort. Teams are as distinct as the individuals that comprise them. Project leaders must be extremely attentive to detect the demands of their workforce. What works for one person may not work for another. Leaders must be able to modify their management style in response to the demands of their teams.

Final Thoughts

In today’s firms, competent project managers must also be effective leaders. Therefore, successful project managers may use their inventive and creative skills to assist them in acquiring leadership skills that will complement their project management skills by recognizing the difference between project management and leadership and adopting the roadmap to becoming effective leaders.

The shared component of project management and leadership is the yardstick by which the performance of the project manager and the leader is measured. The performance of a project manager and the efficacy of a leader are both judged in terms of the performance of the followers, i.e., the team’s performance.

As a result, improving leadership skills for project managers with an emphasis on skills to increase team performance should be an essential factor in the project management leadership skill development process. Project managers’ essential leadership skills begin with motivating and inspiring teams and individuals. These aspects can be developed via negotiation and communication, listening and influencing, and team-building skills, emphasizing leveraging these talents to improve overall team performance.

For any questions related to your Project Management career, training, and certifications, you can book an obligation free 15 minutes session with me by visiting https://bit.ly/2SbhTOK

You can subscribe to the vCare Project Management YouTube Channel to catch future videos of our Q&A series and certification success stories: https://bit.ly/2YF0wJl

You can subscribe to and follow my podcasts and interviews with Project Management Experts on YouTube at https://bit.ly/2NDY8wd