Top 10 Project Management Tips by Smartdraw.com

Here's an article I got from SmartDraw.com. It essentially revolves around project management. It includes categories like planning and research, documentation, training as well as implementation. I think they know their stuff. It shows with SmartDraw's helpful list, created by project management specialists, is designed to help business professionals get their projects off to a quick and successful start.

1. Planning List. When beginning a new project, make a list of all departments within your organization and what you may need from them. This will give you a step-by-step checklist of how to begin nailing down the specifics of your project plan.
2. Know Your Enemies. Prepare a list of the possible risks to the successful completion of the project plan. Have a meeting and get input from others on what potential risks might be. Risks are the enemy, so know them and keep them close.
3. Documentation. Document all aspects of a requested change to a project plan (no matter how small), including who is requesting the change and where it falls as a priority. If it changes other priorities, write a detailed explanation of the change itself, and note who is authorizing the change. This not only gives you a clear picture of what you will need to do next, it serves as personal protection in the case of any miscommunication among others in the organization.
4. Priorities Change. This is a fact and a course of life. Yes, it makes project planning more difficult, but an effective project manager will let changes roll off their back and re-prioritize.
5. In the Loop. Project managers need to make themselves known to all of the departments involved in their project. If a department loses an employee, this may affect the project timeline, so it's important to be in the loop for any changes. Request that you be added to relevant departmental e-mail groups—the sooner you get information, the sooner you can revise your plan.
6. Urgency & Momentum. Convey a sense of urgency during the course of a project in order to keep the momentum going. Once you let your guard down, those around you who you need to help you meet your milestones, may start to feel relaxed too. As the PM, communicating an impending deadline in a productive manner is your key to keeping staff motivated.
7. Give Away the Keys. Delegate, delegate, delegate. Giving ownership to others on the team keeps them close and involved in the project, and they realize that the success or failure of the project is tied directly to them.
8. Training. Keep in mind any training that may be necessary for people on your team. This training time will need to be included in any timetable you create, as training can happen before and during a project life cycle.
9. Revisions. Your project plan will most likely go through many revisions. When communicating with others, make sure you are all referring to and working from the most current revision.
10. Audience. When communicating your project progress, keep in mind which audience you are addressing. Your supervisor may have different priorities than the client, so try and stay specific. Spending too much time talking about an area not directly related to your audience may give the impression that their aspect of the project is not being given the proper attention.

Marketing And Finance Cease Fire (Part 1 - Source of the Friction)

Just like the 'cat and mouse' relationship, there has always been known friction between a company's marketing and finance departments primarily on account of marketing spend. Marketing after all spends money to make money so to speak. There is then an occurrence of natural polarity, marketing and finance usually gravitating towards opposite sides. In the past I have been hounded by one finance person after another seeking explanation as to why I spend this much in marketing, how I spend it and where are the returns.

Now in order to make ends meet with Finance, there has to be first - mutual respect. I have the highest respect for a number of finance professionals. I have grown my own analytics section in the marketing department just so there is straightforward and clear communication. One of the main proponents to instill is not just peace but understanding to explain that we are all on the same side with adherence to the same company goals.

To achieve this, communication is vital. However this communication shouldn't just be peripheral or meaningless chatter, but instead purposeful conversations that exchange ideas and transfer knowledge. May it be a debate, argument or what-have-you - it is very important that a routine dialog be maintained by both parties to arrive at agreements, directions and decisions. This though should be supplemented by plans, documentations and carefully crafted strategies.
Marketing will have to take upon itself the initiative to operate on a planned budget/ projection (and more importantly - stick to it). This isn't any ordinary money-in/ money-out plan.

Marketing is dynamic. Marketing must be equipped to respond to competitor offers, technological advances and industry trends in as close to real time as possible so as not to be left behind. I speak from personal experience when I say that it is not always easy for marketing to adhere to a strict set of rules, and this is typically where the frictions originate. Marketing's goal is always closely tied to top line targets, while these same targets are often influenced by Sales team performance as well. Making it rather difficult to capture the performance of marketing without sales - or vice versa.

The right marketing projection will then bridge the gap between Marketing and Finance and bring together mutual expectations to allow communication through this one project that of course fuels top line and protects bottom line.