Tag Archives: Project Management

The Power of Project Management Technology Quotient (PMTQ)

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(This article was first published in the Critical Path, the monthly newsletter of PMI Sydney Chapter published in March 2024)

In the dynamic landscape of project management, staying ahead of the curve is not just a desirable trait—it’s imperative for success. With technology evolving at breakneck speed and AI platforms and solutions spreading rapidly, project managers and organisations need a robust framework to effectively integrate and leverage technology. Enter PMTQ, or Project Management Technology Quotient, a game-changing concept that is reshaping the way we approach project management in the age of AI and digital transformation.

Understanding PMTQ

PMTQ is more than just another industry buzzword; it represents a strategic approach to evaluating an organisation’s and project manager’s ability to manage and integrate technology effectively. At its core, PMTQ assesses the readiness of individuals and teams to harness technology to drive project success.

Why PMTQ Matters

In today’s fast-paced business environment, AI and other emerging technologies are revolutionising project management. According to research by the Project Management Institute (PMI), project managers with a high PMTQ are better equipped to lead successful AI implementations. PMTQ serves as a critical bridge between AI strategy and real-world execution, enabling organisations to maximise the potential of cutting-edge technologies.

Key Traits of High PMTQ

A high PMTQ is characterised by several essential traits that empower project managers and organisations to thrive in the digital era:

  1. Always-On Curiosity: Project managers with a high PMTQ possess a relentless curiosity for emerging project delivery practices. They stay abreast of the latest technological trends without succumbing to hype, ensuring that their approach remains grounded in practicality and relevance.
  • All-Inclusive Leadership: Effective leadership is at the heart of successful project management. High PMTQ project managers excel at fostering collaboration and synergy among diverse teams, whether they consist of human talent or cutting-edge AI solutions. By embracing inclusivity, these leaders unlock the full potential of their teams and drive innovation forward.
  • Future-Proof Talent Pool: In today’s knowledge-driven economy, talent is the ultimate competitive advantage. Organisations with a high PMTQ prioritise recruiting and nurturing individuals with a growth mindset and a commitment to lifelong learning. By investing in a future-proof talent pool, these organisations ensure their ability to adapt and thrive in an ever-evolving technological landscape.
  • Technological Fluency: A deep understanding of emerging technologies is a hallmark of high PMTQ project managers. These individuals possess the technical acumen to leverage AI, machine learning, and other advanced technologies to streamline project workflows and enhance productivity. By staying technologically fluent, they remain at the forefront of innovation and drive meaningful change within their organisations.
  • Adaptability: Flexibility and adaptability are key attributes of high PMTQ project managers. In a rapidly evolving digital landscape, the ability to pivot and respond to change is essential for success. These individuals embrace uncertainty as an opportunity for growth and continuously seek out new ways to optimise project delivery processes.

Transforming AI Strategy into Reality

Whether you’re a seasoned project manager or a forward-thinking organisation, cultivating a high PMTQ is essential for unlocking the full potential of AI and other emerging technologies. By embodying the core principles of PMTQ—curiosity, inclusivity, talent development, technological fluency, and adaptability—you can position yourself and your organisation for success in the digital age.

In conclusion, PMTQ serves as a guiding framework for navigating the complexities of modern project management. By embracing PMTQ principles, project managers and organisations can harness the power of technology to drive innovation, streamline processes, and achieve unparalleled success in today’s rapidly evolving business landscape.

Stop Managing Start Leading: The Engaging Leader

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If you do a quick research on project success rates, you will notice the high rate of failed projects.  Project Management Institute (PMI.org), the globally acclaimed organisation that sets the standards and disciplines of project management, reported in their Pulse of the Profession yearly publication (February 2018) that 31% of projects did not ‘achieve their original goal or business intent’.

You can’t but wonder why there is a high rate of failed projects despite the many frameworks, disciplines, methodologies, trainings and continually improving processes.  It is certainly time to look beyond ‘how’ we do things (methodologies and processes) and carefully consider ‘who’ are doing things (people).

This is the theme of my presentation that I delivered in Berlin in May 2018 during the PMI EMEA Congress 2018.  My argument is “a fool with a tool is still a fool”.  To improve your project success rate, or any other business success for that matter, you have to:

  1. recruit the right people, and
  2. more importantly: motivate, inspire, encourage and challenge them.

In other words, you have to continually engage your staff.

Today’s knowledge workers are highly skilled with access to sophisticated tools; a plethora of learning and training resources to stay ‘on top’ of new trends and technologies; and easier access to a wider range of markets – local and overseas via outsourcing and virtual teams.  The moment that the good knowledge workers feel demotivated, they will jump off your ship and swim to another ship – and they are very good swimmers.

To keep your good staff on-board, you should have ‘engaging leaders’.  Read on my presentation slides StopManagingStartEngaging to learn how to be an engaging leader.  You can also download the one-page Handout-StopManagingStartEngaging to use with your teams.