Magazine article PM Network

Executive Brief

Magazine article PM Network

Executive Brief

Article excerpt

FEBRUARY 2008

32 IN FOR THE LONG HAUL

* Project leaders working on long-term rebuilding projects in disaster areas often face added scrutiny and pressure.

* Organizations must determine whether a disaster zone's political or economic instability make it unsafe to work in.

* Project teams should take the time to befriend locals and involve victims in the efforts.

* To avoid burnout, teams should take breaks and celebrate small victories.

44 THE BIG PAYOFF

* In many organizations, the link between expenditure on innovation and ROI is tenuous at best.

* A project portfolio-based approach can improve innovation efforts by helping to balance risk and reward.

* Portfolio managers shouldn't be afraid to kill off failing projects early-before the organization has invested too much.

50 WORLDVIEW: MARRAKECH, MOROCCO

* The Moroccan government aims to significantly boost tourism-and that includes investing billions in development projects for Marrakech, one of the country's most popular travel destinations.

* As the size of tourism and infrastructure projects increases, project managers are becoming more mindful of their impact on the country's environment and society.

* Because of heavy foreign direct investment, Moroccan project managers are adopting best practices from other countries.

* To help shift its economy further away from agriculture, Morocco is constructing offshore IT service centers around the country.

58 TALKING POINTS

* Before project leaders make a presentation, they should conduct some research on their audience. …

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