Project Management Institute

Mind your business

Truly successful project managers don't just bring in their projects on budget, on schedule and within scope. They also understand their business, their industry and how their projects align specifically with the organization's strategic objectives. This article discusses how project managers need to have an understanding of their organization's business as a whole, including marketing, finance, operations, etc., to be seen as organizational leaders. It presents five steps project managers can take to avoid making decisions that could negatively affect their project, including these: learning the language, assessing the environment, engaging executives, conversing with colleagues and applying to action. Accompanying the article is a sidebar listing valuable sources to build business acumen.
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