Powering The Project Economy – Project Economy – Part 5

Powering The Project Economy – Project Economy – Part 5

Ideas into Reality

People have the skills to work on projects, but they need to be channelized across multiple projects. These skills are the ones that help in the success of the projects. In the end, the people’s skills and capabilities in the project serve to turn ideas into reality. That is when the project delivers value to its stakeholders. The people are the enablers for the growth and transformation of the projects. Ideas can be converted into reality by achieving the right mix of skills and capabilities in people.

Ideas into Reality

Ideas into Reality

The Project Economy at Work

The skills are utilized in project-based structures included in large organization’s portfolios and programs.

According to Professor and author Roger Martin, one of the world’s top-ranked management thinkers, this kind of approach is called “projectization,” where the everyday tasks become projects by themselves. Such trends are on the rise as “Gig Economy” is part of the project economy, which has been largely adopted by organizations like Ola, Uber, Airbnb, etc.,

People with varied skills, experience, and capabilities are brought onto one project to deliver value to the stakeholders. The resources are aligned at the portfolio level and mobilized to the projects on-demand based on priorities. Such an approach minimizes the cost of hiring, training, and retention. They all evolve into a high-performing workforce as they started merging into the socio-cultural aspects of the portfolio capabilities.

GIG ECONOMY

GIG ECONOMY

For example, companies like Zappos adopt a culture wherein the onboarded people or hired people are put onto their call centers to understand the various departments involved in the process and understand the pain they undergo. Post that, they will be able to get the context and core values of the organization, which were they can synchronize. It’s all about the task at hand than the title itself.

Vital skills in Project Economy

The Project Economy needs uniquely human skills such as leadership, creativity, and empathy.

Vital skills in Project Economy

Vital skills in Project Economy

Leadership – Need to bring in the best of human potential. When the project economy is adopted, the people will move from role-based work to project-based work. As projects are going complex, a project manager is responsible for spending quality time with the people to bring their best.

Creativity – Creativity helps to find solutions to the problem in novel ways. Co-creation along with the stakeholders would minimize the postponement of decisions. It also extracts the thinking power of the participants creating new options. Creativity also creates good energy and establishes a win-win situation. Creativity can be fostered by providing an appropriate space to the team, decluttering the workplace, adopting a design thinking approach, etc… Foster an environment where creativity is recognized and rewarded

Empathy– When the project manager applies empathy, it creates scope for project associates to move out of their comfort zone and takes risks. It also brings on agility and helps reduces stress through minimized conflict. With empathy kindness and compassion becomes the natural ingredient promoting teamwork and leadership among individuals. Empathy can be exhibited by the project manager who is willing to be vulnerable and has the mindset to listen to all and exhibit leadership by walking the talk.

Project Economy Adoption

In the Middle East 

There are many infrastructure projects already underway in the Middle East, such as Smart City, Higher Education, expansion of health care, etc… These projects bring changes to the digital infrastructure, transportation, and allied government service. Already in Dubai International Project Management Forum plays a vital role in megaprojects, including Construction of Digital Twin, Asset Project Management, BIM Implementation for Roads and Transportation Authority, Solar Park. All of these projects need people to execute. People are needed with the right skills to provide value to the stakeholders.

In the European Union 

Case Study-1: Municipality located in Southern part of Sweden with more than 32000 inhabitants having organization size of 2400 full time and permanent employees have been organized as seven administrative departments. EU-funded projects were executed, and the projectification of departments, including public health, was achieved.

  • The municipality has educated themselves and other organizations surrounding them, which helped effectively manage the EU funds and create competent project organization where employees make sense of their work.
  • This move is transforming the civil servants, politicians to handle project activities affecting their organizing the style and overall impact on their performance routine.
  • Implies changes where routines, or day-to-day activities, to an increasing extent are organized and understood, as if they were projects.

Case Study-2: Totally program worth 67.9 billion was allocated for the operational program through the EU. Territorial Self Government Units covering 57 offices were involved in a Survey related to identifying the benefits of Projectification

  • Labor market institutions, up to 100% of offices declared that projects are never abandoned in the course of their lifetime
  • In 96% of the projects, there was no change in the planned budget
  • 89% of projects were completed according to the original schedule
  • In 96% of the projects, there was no change in the planned budget
  • Public organizations acting in this way make use of opportunities that arise in their environment, which proves their flexibility in adapting to changing conditions
  • Changes in organizational structure are a temporary adaptation to the changes that have occurred in the external environment

Case Study-3: Automotive, Manufacturing, Engineering-Procurement-Construction (EPC), 2006 Football World Cup, Establishment of the Tsunami Early Warning System in South-East Asia.

  • GPM study on projectification in Germany, almost 50% of working time in the manufacturing industry is spent on project work (GPM 2015)
  • The project economy will generate 15% of value-added in Germany in 2020 (in 2007, it was 2%).
  • The mean value shows that around 37% of all work processes in corporations are now organized in a project-oriented manner.

Summary:

As priorities change in these difficult times rapidly, project organizations need to embrace change. The Project Management office needs to build a team that commits to success. Project economy adoption is already a reality in various regions of the world. There are proven cases wherein successful projects are delivering values. Let’s focus on turning ideas into reality.

Feel free to check out my discussion on this topic with Dr. Reinhard Wagner in YouTube

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

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

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

 

Latest PgMP Stats 2020 – Welcome Jamaica

Latest PgMP Stats 2020 – Welcome Jamaica

The growth of PgMP® Professionals around the globe is evident from the fact that the certification opens doors to various career aspirations. PgMP® is a sign of superior experience and skill, giving one a distinctive advantage when compared with peers. The benefits of pursuing a PgMP® are innumerable that the stats in itself are high proof.

Global PgMP® Stats

Global PgMP® Stats

The total number of PgMP®s as on February 1, 2020, is 3158, amongst which vCare Project Management has produced 269 PgMP®s, i.e. 9% of the total global PgMP®s. The month of January 2020 has contributed 26 PgMP®s to the Program Management Community. The number of PgMP®s from vCare Project Management in January 2020 is 5, which is 19% of the total PgMP®s. Congratulations to the 26 new PgMP®s.

Our PgMP® Success Stories | January 2020

Our PgMP® Success Stories | January 2020

 

Welcoming 26 new PgMP®s

Welcoming 26 new PgMP®s

 

Welcoming 26 new PgMP®s

Welcoming 26 new PgMP®s

PgMP® Stats

  • The USA is leading the PgMP® club with 1253 PgMP®s which is 40% of the global PgMP®s
  • With a total number of 380, China is following the USA by adding 25 new PgMP®s to its count since Dec 1, 2019.
  • India is in third place with 350 PgMP®s

    PgMP® Stats

    PgMP® Stats

  • Australia PgMP® numbers have reached 90 (10 more needed to make century, probably if you can pass your PgMP® exam within the next 3 months, you will be in the Top 100 Australian PgMP®s)
  • Jamaica has entered the world of PgMP®.

My PgMP® mentoring journey with Australia has always been a great one. Our collaboration with PMI Sydney Chapter, PMI Melbourne Chapter, PMI Adelaide Chapter, and PMI Queensland Chapter had been a fruitful one to many PMI certification aspirants. vCare has supported 32 PgMP®s (as on February 1, 2020) from Australia thus far, which is 36% of the total Australian PgMP®s. As stated in my previous PgMP® article, I expect Australian PgMP® numbers to touch 100 before May 2020. The month of March 2020 is going to be of great benefit to the PgMP® aspirants in Australia. The PgMP® Boot Camps in Sydney and Melbourne will help Senior Project and Program Managers to pursue their certification aspirations with my personal mentoring. Check out the video to know more information about it.

Please find below My PgMP® Training Calendar for the first half of 2020. After my successful bootcamps in Saudi Arabia, I have scheduled programs in Singapore, Sydney, Melbourne, Seattle, Houston, New York, Washington DC, Chicago and Toronto before visiting Europe in Mid 2020.

PgMP® Training Calendar

PgMP® Training Calendar

Besides Germany and Italy, my contribution to the success of PgMP® professionals in Europe is extending to Greece too. Theofanis Giotis, First President and Co-Founder of PMI Greece Chapter and CEO of ’12 PM Consulting’, is supporting me for conducting the PgMP® Boot Camp between May 15 and 17, 2020 at Athens.

I strongly hope that these boot camps will benefit you in many ways and make your 2020 more productive. Apply early to avail higher discounts and group benefits. Also, kindly share this information with your friends who would find it useful.

For more information, visit https://vcareprojectmanagement.com/collections/pgmp-classroom.

Check Out our Online Mentoring Programs,

Program Management PgMP®- Online Mentoring Programs – Click Here

Portfolio Management PfMP®- Online Mentoring Programs – Click Here

Project Management PMP®- Online Mentoring Programs – Click Here

PgMP4U is an online education mobile application built for applicants who are time-constrained to prepare for their exams. The app enlightens you with all essential practices required for attending the PgMP® exam. The app helps one to prepare for the exam, ON THE GO.

PgMP4U

PgMP4U

Google Android: https://bit.ly/30sau42

Apple iOS: https://apple.co/2QUngkx

You can subscribe to my personal YouTube Channel using the link http://bit.ly/2RMvsTv. Here you will find videos of success stories, Q&A sessions and interactions with project-program-portfolio management experts. Please find my latest interaction with Thomas Walenta where we discuss the Transition of a professional from being a Project Manager to become a Program Manager. Also we have discussed about examples of some outstanding programs.

You can clear your doubts with me by typing your queries along with #AskDharam in the video comment section. Selective questions will be clarified in later videos whenever I have time. Subscribe to the channel and get notified on new videos.

Our telegram group can assist you further in your PgMP® exam preparation. It is a very active and interactive group with discussions taking place between aspirants on a day-to-day basis. If you are interested in this group, download and install the Telegram application and message me to add you in the telegram group.

For any questions related to Project Management training and certifications, you can book an obligation free 15 minutes session by visiting www.dharamsingh.co

Email: [email protected]

 “Working together for SUCCESS.”

 

PgMP® Outlook – 2020

PgMP® Outlook – 2020

The field of Project, Program and Portfolio Management are reaching new heights, and so are the certifications associated with them. PgMP® and PfMP® numbers are increasing rapidly to meet the certified professional’s requirement worldwide. I am happy to inform you that the PgMP® count (As on January 1, 2020) has reached 3105 globally, amongst which 264 PgMP®s were supported by vCare Project Management to savour success. It is 9% of the global PgMP® count.

Welcoming 33 New PgMP®s

Welcoming 33 New PgMP®s

 

Welcoming 33 New PgMP®s

Welcoming 33 New PgMP®s

359 new PgMP®s were added to the global PgMP® count in 2019. 33 PgMP®s were added in December 2019, amongst which 6 PgMP®s were from vCare. It is 18% of the total PgMP®. Kudos to the 33 new PgMP®s.

Our PgMP® Success Stories

Our PgMP® Success Stories

 

PgMP® Growth Chart

PgMP® Growth Chart

 

vCare Project Management Growth Chart - PgMP®

vCare Project Management Growth Chart – PgMP®

PgMP® Stats

  • Saudi Arabia is getting closer to the PgMP® count of 125.
  • Australia might record a century PgMP®s by May 2020.
PgMP® Stats Latest Trends

PgMP® Stats Latest Trends

  • Singapore has crossed the PgMP® count of 50.
  • We welcome Azerbaijan and Gambia to the PgMP® World.

The PgMP® journey of vCare in 2019 was exciting, yet we could contribute to the success of only 49 PgMP®s from the 359 PgMP®s. It is 14% of the global PgMP®. This number is not only less than the determined milestone of 100 but also less than our PgMP® numbers in 2017 and 2018. (54 and 72 respectively). Therefore, our vision for 2020 is to reach 100.

PgMP® Stats

PgMP® Stats

Our collaboration with PMI San Francisco Bay Area Chapter and Nashville Chapter at the beginning of 2019 was an enormous success. We have now spread our wings to address different regions of USA, Australia, Germany, Italy, Canada, Singapore, UAE, Greece, Belgium, Saudi Arabia and Qatar in the first half of 2020. The passion for teaching and the enthusiasm to serve the project-program-portfolio management community helped us to collaborate with multiple partners.

 PgMP® Training Calendar, 2020

PgMP® Training Calendar, 2020

We are collaborating with the PMI Puget Sound (Seattle) Chapter for the Seattle Program. First of our planned training programs is the PgMP® boot camp that occurs on February 21-23, 2020. Ronald Tschech, VP of Education, PMI Puget Sound Chapter is the event organizer and Bala Dodoye-Alali, Lead Director of Professional Development, PMI Puget Sound Chapter, will be the event lead.

PgMP® Bootcamp | Seattle

PgMP® Bootcamp | Seattle

Early-bird registration for the Seattle program closes on January 15, 2020, and final registration closes on February 18, 2020. To know more about the Seattle Program, visit: http://bit.ly/2PeWS2W (Chapter Link, Geo-restricted) or http://bit.ly/2Lqt0iW

Thomas Walenta from Germany is supporting us for the Frankfurt Program. Thomas Walenta works on projects and programs from 1974 and selected Project Management as his sole career profession in 1988. A former board member of PMI he undertook the PgMP® certification post retirement. Kindly Check out our interaction in the below video where we discuss the importance and impact of PgMP® in an individual’s career.

To know more about the Frankfurt Program, visit http://bit.ly/2ZNNckE.

My proud PgMP® pupil Vincenzo Arnone, EAPMCM (European Academy for Project Management and Change Management) is supporting us for the Rome Program. He completed his PgMP® in 2018 and now wants to support the aspirations of his network in Italy along with vCare Project Management.

To know more about the Rome Program, visit http://bit.ly/2SOg8HP.

Super Early Bird and the Early Bird offer for the European Programs end on January 31 2020 and February 29 2020 respectively.

We are collaborating with the Engineering Science Institute (ESI), Saudi Arabia for the Riyadh and Jeddah Programs. A PMI R.E.P based out of Riyadh, ESI is a pioneer training institute who focus on providing engineers sector of public and corporates with continuous education related to engineering sciences and project management in the form of class and project site practical training.

To know more about the Saudi Programs, visit:

PgMP® – Riyadh  4 – 6 February 2020 (http://bit.ly/341B5C0)

PgMP® – Jeddah  10 – 12 February 2020 (http://bit.ly/37f6yCO)

PfMP® – Riyadh  7 – 9 February 2020 (http://bit.ly/2CTDl2s)

Feel free to share this information with your friends and other people who can benefit from this PgMP® boot camp program.

For more information on our programs, visit https://vcareprojectmanagement.com/collections/pgmp-classroom.

Check Out our Online Mentoring Programs,

Program Management PgMP®- Online Mentoring Programs – Click Here

Portfolio Management PfMP®- Online Mentoring Programs – Click Here

Project Management PMP®- Online Mentoring Programs – Click Here

PgMP4U is an online education mobile application built for applicants who are time-constrained to prepare for their exams. The app enlightens you with all essential practices required for attending the PgMP® exam.

PgMP4U

PgMP4U

Android Users: https://bit.ly/30sau42

iOS Users: https://apps.apple.com/in/app/pgmp4u/id1491646112

The PgMP® and PfMP® webinars and success stories in our YouTube channel can provide the much-required insights for your certification journey. Every month I will be adding 2 – 3 recordings, and on subscription, you will get notifications.

Our YouTube Channel Link: www.youtube.com/channel/UCWg9sBRmPCcpVy2KY5AtjQQ/videos

Our telegram group can assist you further in your PgMP® exam preparation. It is a very active group with discussions taking place between aspirants on a day-to-day basis. If you are interested in this group, download and install the Telegram application and message me your number to add you in the telegram group.

If you have any questions related to Project Management training and certifications, please book your 15 minutes free obligation session by visiting www.dharamsingh.co

You can also call or message me at +1 6502830123

Email: [email protected]

“Working together for SUCCESS.”

 

Prepare for PgMP® ‘On the Go’

Prepare for PgMP® ‘On the Go’

PgMP® (Program Management Professional) certification from PMI, recognizes advanced experience, skill and performance in the oversight of multiple, related projects and their resources aligned with an organizational objective. Acquiring a PgMP® credential is never an easy task. PgMP® certification demands intensive learning coupled with a strong commitment.

Till date, there are 2900+ PgMP®s all over the world of which vCare has trained 240+ PgMP®s. This is ~8% of global PgMP®s.

Now we are keen on increasing the numbers by introducing ourselves in an App format. We have updated our standards in response to contemporary needs while focusing on future trends.

PgMP4U is for everyone who are interested in PgMP® certification but are time constrained. I initiated this app so that the time constrained PgMP® aspirants can prepare for their exam in their leisure hours. Using this mobile app, they can study anywhere and anytime ‘On the Go’.

Application Link: https://bit.ly/30sau42

PgMP4U will assist you to further enhance your PgMP® exam readiness. PgMP4U has many features that can improve your knowledge on all 5 domain areas. The whole application covers many aspects required to pass the PgMP® exam.

PgMP4U

PgMP4U

Features and contents have been created for the efficient and effective learning of the users. Let us take a closer look  

Performance Domains

The 5 domain areas in program management are the key components that remain the same for all organizations, industries and business sectors. However, every domain has its own uniqueness. This has been clearly and concisely explained in PgMP4U.

Performance Domains (ECO)

Performance Domains (ECO)

It comprises of 67 tasks to offer expertise in the domain areas. These tasks are explained in a simpler way, which makes the content easy to comprehend. Furthermore, they are provided with images to aid an understanding of the terms and functions. It contains complete information for handling a program that are relevant in most cases.

Knowledge Bytes

Knowledge bytes furnish you with information on different key factors. It contains 70 definitions related to program management and covers entire data on all 5-domain areas. It also provides essential skills and knowledge required to run a successful program. Knowledge bytes can help aspirants understand the structure of program management.

Knowledge Bytes

Knowledge Bytes

Flash Cards and Formulae

Flash cards and formulae are a driving factor for recalling the elements learnt in the program domain areas. Flash cards are packed with definitions of various key factors associated with program management. Formulae can help you to upskill your knowledge in program management. This section contains formulae for every element within each domain. These elements act as an essential component while preparing for the final exam. A quick glance at the important notes and formulae for a final revision can work wonders in your main examination.

Flash Cards and Formulae

Flash Cards and Formulae

Practice and Mock Tests

Practice tests and mock tests can help find your exam readiness. It can also be used to identify the areas, which have to be targeted for refinement. Practice tests contain questions related to the domains of Program management. It may even contain questions that can appear in your main exam.

Practice and Mock Tests

Practice and Mock Tests

Mock test is an examination that can provide you a benchmark score to assess how well you are prepared for the final exam. It serves as a testing component for your main exam.

Other features

Video library contains a collection of several PgMP® success stories and webinars. These videos help you to build confidence when approaching towards the goal of being PgMP® certified. They provide you valuable insights, processes and study path that the certified professionals underwent.

PgMP4U tracks your progress in a dashboard displaying your mock test score and number of days left for your actual exam. Exam Preparation continuity is ensured with ‘Question of the Day’ (QOTD) feature which keeps you in active preparation mode on a day-to-day basis.

Question of The Day (QOTD)

Question of The Day (QOTD)

These features ensure you are well prepared and confident enough to breeze through your exam with an exceptional score.

Please download, use and help us to identify any improvements. Would love to have your feedback and 5-star rating.

Do let me know if you have any questions or clarifications.

Application Link: https://bit.ly/30sau42

Are you preparing for PgMP? You might be working as a Project Manager, but can be eligible for PgMP. Let us talk and find out how I can make your PgMP / PfMP journey easy and fun. Please book 15-min obligation free appointment with me by pressing here.

If you are interested in PgMP® (Program Management Professional), you should consider joining my LinkedIn Group, called “PgMP4U – Program Management Professional”. You can also join my Telegram group called, PgMP4U. This group has about 365 members, and it is a very active group. If you are interested in this group, please download the Telegram Messenger and send me a message. Please join the group and invite all your friends and colleagues.

Please feel free to call me or message me at +1 6502830123

Email: [email protected]

“Working together for SUCCESS”