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Volume X - Issue XI - November 2008

Viewpoints

PM World Today™ Viewpoints articles reflect the personal opinions of the authors and not that of PM Forum™ and PM World Today™. Publication does not constitute endorsement by either PM Forum™ or PM World Today™. We strive only to provide a non-biased platform for the exchange of constructive and diverse ideas, opinions, perspectives, and thought-provoking articles about matters affecting the world of project management. PM World Today™ also does not endorse nor allow abusive, inaccurate or unprofessional content. PM Forum and PM World Today™ encourage and support high standards of ethical and professional conduct at all times. Contact information for each author is normally included with each article (when provided) so that if you have a differing opinion or a shared interest you may dialogue directly with the author.

 

How Project Management Can Rescue Companies
from the Baby Boomer Leadership Vacuum

By Andrea Nicholas

Editor’s note: This paper was originally presented at the 2nd Annual UT Dallas Project Management Symposium in Richardson, Texas, USA (http://pmsymposium.utdallas.edu/) in August 2008.  As a Media Partner for that event, PMForum agreed to republish selected papers in PM World Today.  This paper is included here with the consent of the author and permission of the Graduate Program in Project Management at The University of Texas at Dallas School of Management, who is the copyright holder of the conference proceedings. All conditions and disclaimers of the copyright holder pertain.

With SAP projecting that the baby boomer generation comprises nearly 46% of the worldwide workforce, companies irrespective of size, industry or location are looking ahead to the next 3 – 5 years and hearing the same, in Ross Perot’s vernacular, “sucking sound”: the sound of the baby boomer leadership vacuum. This inevitable situation is the result of significant numbers of senior managers and executives entering retirement beginning in 2010.  In fact, RHR International conducted a study last year that found that 500 of the US’s largest firms will lose half of their senior management by 2011.What are companies doing to reduce the risk this problem presents to their growth and operations strategies? And, how do companies develop a clear understanding of the skills they will require in the next 3 – 5 years? Once companies define those skill set projections, where will they go to fill the talent void?

Read complete paper in English

 

About the Author:


Andrea Nicholas

Andrea Nicholas is the founder and principal of Optimize!, a Project Management Office (PMO) solutions consulting firm located in Dallas, Texas. With nearly 20 years of experience in the project management discipline, Ms. Nicholas’s career has included building PMO’s from scratch, managing PMO day-to-day operations, successfully leading multi-million dollar domestic and international engagements, and deploying sustainable portfolio management and process improvement initiatives for Fortune 1000 firms in the financial, retail, utility, technology, and consulting industries.  Ms. Nicholas frequently speaks publicly on the broad topic of project management and has published articles for PM World Today and PROJECTMagazine. She possesses a Master of Business Administration degree from the University of Dallas and a Bachelor of Arts and project management graduate certificate from the University of Texas, Dallas. She also holds a PMP® certification from the Project Management Institute ® and is a Lean Six Sigma Green Belt.

She can be contacted at anicholas@optimizesolutions.net.

 

 

 

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PMBOK® Guide – Fourth Edition Changes – Chapter by Chapter

By Cyndi Snyder Stackpole, MBA, PMP

In last month’s article I provided an overview of the changes in the PMBOK® Guide – Fourth Edition. In this article I want to write about some of the specific changes in the chapters.

As mentioned in the previous article, our architect designed chapters 1 and 2 to align with The Standard for Program Management – Second Edition and The Standard for Portfolio Management – Second Edition. Therefore much of the structure of the first two chapters has changed.

In Chapter 1 we are providing an overview of project management and how it fits with programs, portfolios, organizations and operations. One of the major changes is that the PMBOK® Guide no longer mentions the triple constraint of scope, schedule and cost. Instead it discusses how project managers must balance the constraints of scope, quality, schedule, budget, resources and risk. 

Read complete paper in English

 

About the Author:

Ammar Mango

Cyndi Snyder-Stackpole, MBA, PMP
Author

Cynthia (Cyndi) Snyder Stackpole MBA, PMP, is a professional project management consultant, instructor and author. She has written four books on project management and has been the technical editor on many others. She provides consulting and training services for government and private industry. Her consulting focuses on project management maturity, PMO start ups and positioning project management as a core competency for organizations.  For more information or to contact Cyndi, please visit www.cynergy2.com.


Open Source Trends and the Future of the Project Management Body of Knowledge……

By Paul Giammalvo

Colleagues, several weeks ago, an esteemed “fellow heretic” colleague from Melbourne University, Ms. Danelle Jones, introduced me to an organization called “TED” (Technology, Entertainment and Design- http://www.ted.com/ )

My reason for sharing this arcane bit of information is to introduce you two EXTREMELY interesting video clips published by TED, which I am predicting are going to PROFOUNDLY impact the future of professional organizations in the coming years, ESPECIALLY those who aggressively are trying to “own” or “control” the body of knowledge associated with project management. In both video clips, speakers are talking about the ADVANTAGES of creating new knowledge by adopting “open source” or “copyleft” licensing.

In the first video clip, http://www.ted.com/index.php/talks/richard_baraniuk_on_open_source_learning.html Professor Richard Baraniuk, Rice University http://www.dsp.rice.edu/~richb/ talks about the creation of a “knowledge ecosystem” for virtual learning communities.  Through his Connexion project http://cnx.org/  , he shares with us examples of how knowledge, when placed in the “public domain” under “Creative Commons” licensing allows ANYONE to collaborate to create cost effective and timely training materials. This approach enables those at the right hand tail of power log distributions to be able to contribute to the knowledge base. This is especially important to enable those in the DEVELOPING NATIONS to be able to contribute.

Read complete paper in English

 

About the Author:

Paul Giammalvo

Paul Giammalvo
Author

Dr. Paul D. Giammalvo, CDT, PMP, CCE, MScPM, is Senior Technical Advisor to PT Mitratata Citragraha www.getpmcertified.com , Adjunct Professor of Project/Program Management, Lille Graduate School of Management, Paris, FRANCE. www.esc-lille.com, and is a curriculum development specialist in Asset and Project Management for the University of Western Australia, www.blendedlearning.ecm.uwa.edu.au . For over 14 years, he has been providing Project Management training and consulting throughout SE Asia, Middle East and Europe. He is active in the Association for the Advancement of Cost Engineering International, (AACE), www.aacei.org and the Construction Management Association of America, (CMAA), www.cmaanet.org. More recently, he has been elected to the Board of Directors, Global Alliance for Project Performance Standards, (GAPPS) www.global-mstandards.org. Paul is based in Jakarta, Indonesia and can be reached at pauldg@indo.net.id.

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Energy Crisis or “Energy Supply for Development”
Management Crisis?

By Jose Machicao, PMP

For years, we are witnessing how the energy system has matured, and from the basic usage of wood for heat, we, as a human society, managed to have energy markets and to discover electricity as an ineludible source for many of our main daily activities. Currently, we are reading a lot of opinions about a new energy crisis and many technical information analyses have been published in order to explain what is happening with energy in the World. We are currently living another energy crisis, with high oil prices, increasing forecast of consumption in the developing countries, low efficiency of consumption, and so on.

My perception is that most of the analyses of the current crisis and even some of the past energy crisis, are and were focused on the technical description of energy markets.  I consider it useful to explore what other aspects of the crisis project management can help us to discover as well as to improve the ability to surpass the crisis.

Read complete paper in English

 


Jose Machicao

Jose Machicao
PM World Today Correspondent

Jose Machicao, PMP, is an International Correspondent for PMForum.org in Lima, Peru.  Mr. Machicao is also an Organizational Project Management consultant, working in the public and private sectors in Peru. Mr. Machicao has a Masters Degree in Energy from the University of Cardiff, Wales, UK, and a Mechanical Engineering degree from the Pontificia Universidad Católica del Perú.  He is a member of the Colegio de Ingenieros (Peruvian Association of Professional Engineers), the World Energy Council, the Association of Energy Engineers, and the Project Management Institute (PMI®).  He is currently Education Director for the PMI GovSIG®. Additional information about Jose Machicao can be seen at http://www.pmforum.org/pm%20forum%20team/index.htm#5.  Jose Machicao can be contacted at jcmachicao@gmail.com, and http://blog.pucp.edu.pe/jcmachicao.

 

 

 

 

 

 


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