Episode Transcript
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Speaker 1 (00:02):
Welcome to the 4PM
podcast, where ideas take shape
and strategies find purpose.
I am Mounir Ajam, founder andCEO of Rook Project Management,
and I have a deep-seated passionfor project management and
community development, growingon decades of global experience
(00:24):
across diverse industries androles.
I am here to guide you throughthe transformative power of the
4PMs project program, productand portfolio management, and
our focus on business integratedproject management.
Let's explore how integrationunlocks unparalleled value for
you and your organization.
Good day, welcome back to the 4pm podcast.
(00:58):
I am Munir Ajam, your host.
As always, I am grateful youare joining me for another
episode of this podcast.
Today's topic is highlyrelevant to our community.
I will cover a vital topic thatchallenges how many
organizations think aboutproject management.
For decades, organizations haverelied on project management
(01:19):
offices PMOs as the defaultmechanism for overseeing project
performance.
Yet, despite the proliferationof certifications, frameworks,
tools and professionalassociations, project success
rates remain stubbornly low.
The question is no longerwhether project management
(01:39):
matters.
It's whether the current modelcan deliver the strategic value
organization need.
As one of the attendees in thiswebinar said, we are in the era
of delivering value.
The question is who and how dowe decide what value is and how
do we deliver it consistently?
(02:01):
This episode explores whyproject management must evolve
into a core organizationalfunction, formally recognized by
governance leadership and ledby a chief project officer.
It's time to move beyond thePMO and embrace a
business-integrated model thataligns execution with strategy.
(02:31):
Part one reality a profession incrisis or challenge.
The numbers are sobering.
Studies suggest that too manyprojects face project management
challenges or fail outright.
Megaprojects experience projectmanagement failure rates
(02:52):
exceeding 65%.
Some sources claim that fewerthan 1% of projects meet their
costs, time and objectives.
These aren't just technicalfailures.
They represent lost capital,missed opportunities and eroded
stakeholder trust.
Despite decades ofprofessionalization, project
(03:13):
management continues to struggle.
We've built PMOs, publishedguides, adopted software and
earned certification, yet theresults remain inconsistent.
Why?
Part two root causes systemicinhibitors.
(03:38):
The problem isn't just one ofperception.
It's structural.
Project management suffers fromfragmented practices, divergent
opinions and a lack oforganizational integration.
Pmos are often siloed,under-resourced and disconnected
from strategic planning.
Their mandates vary wildly Somefocus on reporting, others on
(04:02):
delivery, and many operatewithout clear authority or
alignment.
Key inhibitors includeorganizational divides between
strategy and execution,confusion over PM methods and
inconsistent application.
Lack of executive sponsorshipand governance integration.
Absence of a unified projectmanagement system.
(04:25):
Limited career pathways andprofessional development.
Career pathways andprofessional development these
challenges are not isolated.
They're systemic and theydemand a systemic solution.
Part 3.
The Case for Change A StrategicImperative.
(04:49):
If project management is tofulfill its potential, it must
be elevated from a supportfunction to a strategic driver.
This means moving beyond thePMO and institutionalizing
project management as apermanent organizational unit, a
project management division,pmd.
Apmd is not just a rebrandedPMO.
(05:11):
It's a business integratedentity with a clear mandate to
support strategy formulation,lead strategy execution, govern
project program and portfoliodelivery, manage career
development and competence,drive value creation across the
enterprise.
This transformation requiresexecutive commitment.
(05:34):
It must be initiated by theboard, embedded in governance
structures and led by a chiefproject officer with the
authority to align projects withstrategic priorities.
(05:59):
Part 4.
The future of work businessintegrated project management.
The future of projectmanagement lies in integration,
both vertical and horizontal,connects strategy portfolios,
programs and projects in realtime, offering a single source
of truth and enabling dynamicdecision-making.
Horizontal integration breaksdown silos, aligning project
(06:23):
management with businessoperations, governance, product
management and ensuringcontinuity across the entire
life cycle, from vision to value.
This model shifts the focusfrom product delivery to value
delivery.
It emphasizes outcomes overoutputs and success over
(06:45):
activity.
It's not just about finishingprojects.
It's about realizing the vision.
Part 5.
The PMD Advantage Structuresystems and success.
A well-designed PMD offers acomprehensive framework for
(07:09):
execution excellence.
It includes a projectmanagement system tailored to
the organization's context.
Defined methods and tools fordelivery, governance and
compliance.
Centralized resource and careermanagement.
Embedded knowledge managementand organizational learning.
Support for change management,troubleshooting and strategic
(07:32):
assessments.
Integration of technology andAI to enhance performance and
insight.
This isn't theoretical.
Models like Uruk's valuedelivery methodology and the PCA
model predetermine, cultivate,assess success.
Provide practical tools forbuilding and sustaining a
(07:53):
high-performing TMD.
Part six a call to action forexecutives.
The transformation of projectmanagement is not a technical
upgrade.
It's a leadership decision.
Executives must recognize thatproject management is
(08:15):
indispensable for organizationalsuccess.
It's time to transition fromfragmented PMOs to an integrated
PMD.
Appoint a chief project officerto lead the function.
Embed project management intogovernance and strategic
planning.
Use proven models to drivematurity, performance and value.
(08:38):
The journey from vision torealization begins with
structure, mandate andleadership.
Project management must evolvenot just to survive, but to
thrive as a strategic enabler.
Final thought Vision realized,as outlined in the book Vision
(09:04):
Realized.
The path forward is clearProject management must be
institutionalized,professionalized and empowered.
It must be more than adepartment.
It must be a division More thana role.
It must be a mandate More thana process.
It must be a mandate more thana process.
It must be a mindset.
(09:24):
Success is possible, but itbegins with transformation.
If this episode helped shiftyour perspective, I invite you
to subscribe, leave a review andshare it with your teams.
For more episodes, tools andtemplates, visit urukpmcom or
(09:48):
connect with me directly onLinkedIn.
This is Munir Ajam for the 4PMPodcast.
Until next time, keep learning,keep leading and always deliver
with purpose.