Make YOUR Next Project Successful

by Erin McCune on April 6, 2007

in Project Management

This is the last in our series on Project Management for Finance professionals. In conclusion, the remedies for the Top 10 Project Management Challenges can be summarized as follows:

Quick List of Forte Financial Project Management Tips

  • Make sure objectives are clearly defined
  • Involve end users – early and often
  • Collaborative requirement definition
  • Plan, plan, plan and revisit your plan
  • Revisit budget and schedule often
  • Plug in the right skills
  • Staff according to estimates
  • Ensure technology design allows for future modifications
  • Foster strong senior management support
  • Over communicate
  • Keep your eye on the vital signs

Download our one-page Project Management Quick Reference guide here

Leadership is Key

All of the remedies suggested in this series require strong leadership. Just as every project needs a Executive Sponsor (with a burning business need and a budget), every project needs a Project Manager.

Project managers may be full time or part time, in-house or a consultant. But they must be ultimately responsible for the project’s success and held accountable.

Finance professionals that find they leading a project for the first time should seek guidance. They can read project management books or take a class. Others may seek a mentor or hire a professional coach. Do not delay – your career may be at stake.

Project Management as a career opportunity for YOU

Increasing responsibility for process improvement is a career-making opportunity: a chance to not only develop their own talents but to promote growth for the finance team as a whole. Top finance leaders are honing their project management and change leadership skills in order to generate lasting value for their companies.

Pm_series_icon_2This is one of a series of posts on project management for finance professionals. The series features practical project management advice and tips for driving process change using technology. The series is archived here.

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