THE PROJECT ECONOMY

Why Projects Are the Future

Prof. Antonio Nieto-Rodriguez

26th March 2020
Life Work

Teach Thought Leader

Agenda

1. Welcome to the Project Economy

2. Need to Reinvent Project Management
3. The Project Manager of the Future

www.antonionietorodriguez.com3
The Project Economy

4
The Project Economy

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 "Recent research shows that
79% of executives agree the
workforce of the future will be THE

END
structured more by projects
than by job functions."

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WELCOME TO THE PROJECT ECONOMY

The world needs to Individuals working

spend about $57 in project-based
trillion on roles will increase
infrastructure by from 66 million (in
2030 to enable the 2017) to 88 million
anticipated levels of (forecast 2027).
GDP growth globally.
ORGANIZATIONS BOARDS

EDUCATION GOVERNMENTS
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Yet Project Success Continues to Be Low

44% 75%

of all projects failed to meet either time, budget of respondents admit that their projects are either
or quality goals, while 15 per cent either stop or fail always or usually “doomed right from the start”
to meet all objectives. Geneca’s 2017 study
IBM research

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10
Agenda

1. Welcome to the Project Economy

2. Need to Reinvent Project Management
3. The Project Manager of the Future

www.antonionietorodriguez.com
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Projects vs Project Management

12 MARCH 2020 12
Projects vs Project Management

The GAP
12 MARCH 2020 13
Successful Management Theories… are Simple
When was the first edition PMBOK published?

A. 1994
B. 1996
C. 1999
D. 1969

How long was it?

Year PMBOK® Guide Pages Knowledge Areas PM Processes

1994 Exposure Draft 64 8 37

1996 First Edition 176 9 37

2000 Second Edition 211 9 39

2004 Third Edition 390 9 44

2008 Fourth Edition 467 9 42

2012 Firth Edition 589 10 47

2017 Sixth Edition 756 10 49

Exponential Growth in complexity in Project Management

Need to Reinvent Project Management

1
Simplification of Project Management Frameworks so
that anyone can apply them and be successful

Expanding the reach of Project Life Cycle

2
to encompass the start and end stages

Developing two additional Project Triple constraints

3
to reflect the new reality

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PROJECT CANVAS Benefits
The Project Revolution Implement Hand
Ideation Initiate Plan
(monitoring, reporting, testing) Over Run

Rationale & Business Case Executive Sponsor Governance

What are the expected Benefits? Who is accountable for the success of Who is responsible for what?

WHO
WHY

the project?

Purpose & Passion

“Why” are we doing the project?

Scope Risk Management Human Resources

What will the project produce and Have the key risk been identified? What skills do we need?
WHAT, HOW & WHEN

deliver? Do we have a plan B? How are we going to keep the team

motivated?

Time
When will the project be completed?
Stakeholders
Are key and impacted parties supporting
the project?
Cost Procurement
How much will the project cost?
How many resources do we need ? How are we going to manage the external
contributors?
Change Management
Quality How are we going to engage the
stakeholders and remove barriers to
How do we ensure meeting the quality
change?
standards?
WHERE

Project Driven Organization

Culture, Structure, Priorities, Competencies
Has our organization and culture been adapted to succeed in a project driven world?
 To Contribute:
https://www.linkedin.com/pulse/project-manifesto-antonio-nieto-rodriguez/ 20
We acknowledge that governments
implement policies through projects and
that countries develop and societies evolve
through projects; we believe that ideas are
made a reality through projects and that, if
one-day poverty is eradicated from the
earth, it will be through a project.
We believe that organizational agility is We see that projects and project
achieved through projects, which implementation have received very little
breakthrough silos, reduce management attention and have been ignored by leading
layers and create high-performing teams. business thinkers, management
publications and business schools; we
believe that in the past years this deficiency
is being rectified.

We believe projects are the lingua franca of
governments, businesses, and personal
worlds, from the C-suite right through to an
individual managing their career and
relationships.
We recognize that start-ups and We recognize project-based education as
organizations innovate, grow, transform, the best and most enduring learning
create long-term value, and achieve their experience for students and adults.
visions and strategic goals through
projects; founders, entrepreneurs, and
CEOs are the ultimate project leaders.

We are uncovering a new vast disruption;;
due to the new reality of accelerated
change, more and more aspects of our
lives are driven by projects, and more and
more aspects in organizations are
becoming projects; projects are thus
becoming an essential element in
everyone’s professional and personal
journeys.
We consider our lives to be a set of
projects; studies have become projects,
and careers have become a series of
projects too.
We seek recognition of projects and project
implementation capabilities as essential for
all management and leadership positions;
we aspire for it to become part of the
curriculums of every school and
undergraduate program; we aim for it to be
taught in every business school and MBA
program.

In a world that is becoming increasingly Our highest priority is to deliver projects We declare that projects and project
automated and robotized, we see projects better, to reduce the failure rate, to create implementation should be recognized as a
as the most human-centric way of working. more value for individuals and profession.
organizations, and to create more
sustainable development in our economies
and societies at large.
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2. Reshaping The Project Life Cycle

Benefits

Ideation Initiation Planning Implementation Hand

Run
(monitoring, reporting, testing) Over

Hospital
iPhone Benefits

Initiati Implementation Hand

Ideation on
Planning
(monitoring, reporting, testing) Over Run

©”The Project Revolution”

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25
3. Changing How We Measure

Scope

GOLDEN
RULE
QUALITY
Cost Time
Weaknesses of the Triple Constraint

• Inward Focused
Scope
• Missing Value aspects
• Missing People aspects
• Missing Risk indications
QUALITY
• …… Cost Time
How would you consider a project
that originally was:

• Scheduled for 4 years, and a budget of $7 mio

• 14 years to be completed, it costed $102 mio
Scope

QUALITY
Cost Time
How would you consider a project
that

• Is more than 100 years late than the original

plan
Scope

QUALITY
Cost Time
The “Relevance” Triple Constraint
Value

BENEFITS

Risks Sustainability
 Rwanda
1994 - one of the worst stories in the last decades
Literacy from 48% in 1995 to just over 71%
Cracked down on corruption (83rd to 49th)
Women holding 56% of seats parliament
At least 92% of Rwandans reconciled
The “Engagement” Triple Constraint
Purpose

ENGAGEMENT

Passion Dedication
Outward Looking Triple Constraints
Value Purpose

BENEFITS ENGAGEMENT

Risks Sustainabilty Passion Dedication

Scope

QUALITY
Cost Time
Agenda

1. Welcome to the Project Economy

2. Need to Reinvent Project Management
3. The Project Manager of the Future

www.antonionietorodriguez.com
38
 Cesar Cernuda
Microsoft President
Will become “End to End” Project Managers

Benefits

Initiati Implementation Hand

Ideation on
Planning
(monitoring, reporting, testing) Over Run
There are few ways of working and
collaborating more motivating and inspiring
than being part of a project with an ambitious
goal, a higher purpose, and a clear fixed
deadline.

The Future are Projects

 THANK YOU

ANTONIO NIETO-RODRIGUEZ
ANR WEBSITE: www.antonionietorodriguez.com
LINKEDIN: be.linkedin.com/in/antonionietorodriguez
YOUTUBE: The Project Economy by Antonio Nieto-Rodriguez
TWITTER: @anietorodriguez

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 Any ideas are
welcome!

Please contribute
with thoughts via the
comment field box!

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Other ANR Webinars @ www.projectmanagement.com
The Project Revolution
By 2025, regardless of industry or sector, senior leaders and
managers will spend at least 60% of their time selecting,
prioritizing, and driving the execution of projects. In fact, soon
"we will all become project leaders, but many of us are not
prepared for this shift.”

Time to Reinvent Project Management

Recently Gartner claimed that 80 % of today’s Project Management
tasks will be eliminated by 2030 as Artificial Intelligence Takes Over.
Which we should see as a call for action to redefine the future of our
profession.

The Project Manifesto

Widely used management disciplines are often linked to a few simple
frameworks that can be easily understood, and applied, not only by
managers but also by the majority of individuals. Porter’s Five Forces
is a great example.
www.antonionietorodriguez.com
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