by Aaron Lazenby
In the five years I’ve worked on Profit, there has been measurable interest in content related to project management. Stories featuring project management as a key component have resulted in extra clicks, likes, and RTs (for you Twitter users) from our readers.
I’ve chatted about this with Oracle customers, partners, and experts and received an assortment of ideas about why this might be. This issue of Profit is a bit of a culmination of those conversations, and the trends that are driving interest in project management best practices. Among the trends:
IT-driven business. The increasing influence of enterprise technology on daily business operations is driving interest in project management. Information systems that operate on optimized workflows, delegated tasks, managed resources, and enforced deadlines (whether in the procurement department or in human resources) share a distinct affinity with project management best practices. Enterprise IT is a model, in our daily work lives, for the discipline and efficiency of project management best practices.
Enterprise IT is a model, in our daily work lives, for the discipline and efficiency of project management best practices.
Resource limitations. The most common conversation I’ve had about project management is about how the volatile global economy pressured business leaders to get the biggest bang for their budget bucks. Project management systems and best practices are a natural fit in this environment: ostensibly every dollar is accounted for, every resource strategically deployed, every disruptive event addressed before it starts draining precious (limited) resources from our highly scrutinized budgets.
Risk exposure. Related to the previous point (and detailed at length in “Projected Results” ), capital projects are getting bigger and more complex. Whether an enterprisewide IT project or a large-scale public works investment, a missed deadline or cost overrun can translate into a direct million-dollar impact on an organization’s bottom line. Project management best practices can help managers see the storm clouds on the horizon—and make the proper preparations to prevent catastrophe.
In other news, I have a new project of my own. Check out my newly relaunched blog, Profit: Editor’s Notebook, where readers can get a peek at the development of each issue of Profit as it happens.
Editor in Chief, Profit