Episode 450: 7 Challenges of a Project Business (Premium) #PMOT
Matt Mong and Henrik Lerkenfeld of Adeaca are back on the program today to discuss project business from the corporate perspective.
As a reminder, if your company’s products and services are delivered to your clients through projects, then your company is a project business. If we compare this to another industry, then a company that sells consumer goods is a retail business.
In this premium interview, we are going to be discussing the 7 challenges of a project business:
- Acceptance of Status Quo
- Failing to identify as a Project Business
- Optimization of Project Management silos has maxed out
- Inadequate communication among key stakeholders or “Lack of stakeholder collaboration”
- Lack of governance/Lack a structured, standardized system of organizing their data
- Lack of automation
- Lack of real-time insight