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Showing posts with label Key Account Management. Show all posts
Showing posts with label Key Account Management. Show all posts

Thursday, July 30, 2015

Client Management: The Influence of Powerful Questions

I had a wonderful opportunity to be with one of my mentors in three different client settings. I am sure people in project, account, product, and sales setting have gone through the stakeholder management aspects. Whether it was a formal status meeting, casual hallway conversation, informal dinner meeting, or an internal project evaluation meeting, I found it very inspiring to see how my mentor was skillfully weaving these questions to eliminate ambiguity and establish a solid business relationship. 

While I added a few of my own color from account and project management, I felt such a strong reinforcement of these questions that I felt compelled to package these questions for the community at large. So, here goes the list. Feel free to add - focus however on strategic account & project management and not bury with technical aspects of platform and feasibility here!
  1. What are your goals and objectives? Are you interested in market expansion, market penetration, or both? What's your timeline? 
  2. What are your challenges to meeting these goals and objectives? How would addressing these challenges benefit you and your organization financially?
  3. What are the profiles of stakeholders that you are looking at to satisfy with your campaign?
  4. What types of population are you planning to target? Why are these targets important to you?
  5. What types of channels are you planning to use? What data points do you have to support these channels to effectively reach your population? 
  6. How much of your budget are you willing to spend on these channels? What's your exit strategy?
  7. How would meeting these goals and overcoming challenges enhance the competitiveness of the product?
  8. If you were to meet your goal, what would this mean to you? 
  9. If these challenges are not met or goals accomplished, what does this mean to you?
  10. What's an example of a successful campaign or meeting? What data points are you looking at to evaluate the effectiveness of the campaign or efficiency of the meeting? 
  11. What's your communication style? 
  12. What's your risk profile? Are you adventurous and creative to try new things? 


Tuesday, June 30, 2015

Future of Project Management in the Next few years

In the Professional Development Day (PD Day) conducted by Project Management Institute Mass Bay chapter on June 19, 2015, there was a great introductory session with more than 100+ participants representing many industries that broke into numerous tables. One of the questions that all the attendees worked on was the top challenges that are facing the field of project managers in the next 10 years.

Synthesizing the various thoughts from these discussions, the following set of challenges evolved where project managers should equip themselves with more knowledge.
  1. Become more business- oriented learning strategic thinking
  2. Having to work with remote multinational teams learning the cultural nuances
  3. Become more involved with futuristic technologies on just enough automation, delegating even creative tasks to relieve human capacity, and learning new ways of doing things with mobile, service orientation, and security areas
  4. Learning to work with multiple tools for both process and analytics bringing focus into application lifecycle management and total cost of ownership
  5. Understanding agile framework as much as traditional project management framework learning to know when to apply each or a hybrid form
  6. Learning to manage external and internal stakeholders in the business learning to negotiate better
  7. Getting better at managing risks in multifaceted areas (PESTLE) besides just SWOT
  8. Being more accountable for quality to compete with the agile thinking
  9. Promoting project management in organizations much beyond PMP certification
  10. Understanding the impact of growing regulatory environments on projects
These thoughts present insightful forecasting of what is to come both in the project managers that face the clients and the account managers (Ryals, 2012) that should exhibit project management thinking. So, the landscapes around the evaluation of project management competency are rising. For instance, the Project Management Institute is looking at PMI Talent Triangle (Know the details, n.d.) incorporating technical project management as integral component to continuing credit requirements. 

Similarly, Computerworld in an independent study (Pratt, 2014) forecasts the growth of project managers as part of IT skills emphasizing project managers to exhibit both business and technical acumen to oversee large enterprise projects, growth of security and compliance skills, demand for skills in the mobile application and device management and increase in the knowledge of big data analysis. 

So, competition is rising! How equipped are we in rising to this challenge stepping out of our comfort zone? One or two years from now if we come to read the same blog, what new skills by training and experience would we have gained?

References
Know the details (n.d.) Project Management Institute. Retrieved  from http://www.pmi.org/certification/ccr-updates/know-the-details.aspx

Pratt, M.K. (2014, Nov 18). 10 hottest IT skills.  Retrieved from http://www.computerworld.com/article/2844020/it-careers/10-hottest-it-skills-for-2015.html

Ryals, L. (2012, July 13). How to succeed at key account management. Harvard Business Review. Retrieved from https://hbr.org/2012/07/how-to-succeed-at-key-account/#sthash.0YH3ELKn.dpuf