Project and portfolio managers face numerous challenges that impede project progress and drain valuable resources, but the one critical factor that always delays projects and causes budget overruns is slow decision making.
Delays become commonplace when decision making processes lack clarity and structure, compromising project success and even threatening failure. Without a structured approach to decision making, valuable time is wasted in endless discussions, unresolved debates, and unnecessary layers of bureaucracy. Frustrated project teams struggle to make progress, leading to decreased morale and productivity.
When it comes to making decisions, most organisations tend to take an ad hoc approach, which can lead to inconsistency, lack of transparency, inefficiency, and increased risk. Ask just about anyone working in a large organisation if their organisation’s decision making process is effective, and the answer is almost always ‘no’.
It’s a problem hidden in plain sight.
Having a structured decision making process has benefits:
Successful portfolio investment outcomes and project delivery are highly dependent on the effectiveness of organisational decision making. Project and portfolio management require many sound decisions to be made frequently and swiftly.
Yet, despite the plethora of tools to support most aspects of project management many organisations still struggle to deliver consistently, wasting large amounts of investment budgets and valuable resource time.
Have you ever had a project that got delayed because your team couldn't come to a decision on a critical component? Do you ever get the deja vu feeling in meetings where you're discussing the same thing over and over again?
Looking back on my own experience, I decided to write a short post about my experience and why we started Janua.
After the dust settled from integrating our small nimble 12 person team into a 10,000+ person organisation we quickly noticed a big difference with getting things done in projects. Our time was now more consumed by meetings and there were more people involved in even seemingly minor project implementation items.
Good decision making is crucial for the success of any organization. It allows teams to navigate complex and uncertain situations, to make informed choices that align with their goals and values, and to use their resources effectively. However, making good decisions is not always easy, and organizations need to put in place a number of practices and processes to ensure that they are making the best possible decisions.