To achieve optimal growth alongside effectual risk management, the PMOs need to infuse some essential skills in their project leaders that can help them achieved the desired outcomes.
In this article at Strategy Execution, Nadine Rochester explains that assessing and ranking project leaders’ skills, in order of their importance to the business strategy may give the organizations enough confidence to embrace risks.
Improve the Fundamentals
Even in the fast-changing economic condition, project leaders with fundamental strategic skills and rigor can lift market position of the organization. The following key skills are necessary for the project leaders to lead the firm:
- Strategic Alignment: Articulating overall organizational strategy and the way a new initiative turns out positive in delivering desired outcomes is the real definition of strategic alignment. Thereby, project leaders need to know how to align execution with the intended strategy.
- Project Alignment: The project leaders must be trained in aligning business initiatives with overarching corporate strategy. They need to develop relational skills that reflect leadership ability like negotiation and facilitation skills, change management, and persuasiveness.
- Risk Management: Proactively managing identified potential risks while being prepared to address the unexpected threats are some major responsibilities of a project leader. They need to identify market variables that could impact the success of their initiatives while keeping a close watch over them. They must develop contingency plans to resolve unanticipated matters without wasting much time.
- Communication: Make sure the project leaders are trained to communicate expectations and responsibilities precisely, so the teams know what they are accountable for. Communication helps the project leaders articulate the big picture so their teams can make decisions in alignment with business strategy.
- Change Management: Last minute changes are mandatory in project management. With every initiative undertaken, something is going to change, and the project leaders need to know if a large or small transition can help in achieving desired goals.
Click on the following link to read the original article: https://www.strategyex.co.uk/blog/pmoperspectives/the-top-five-skills-for-project-leaders/