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What’s Next?

What’s Next?. John H. Cable, R.A., PMP Executive Director, Project management Program. Isn’t this a great day to discuss Project Management!. Project Management Institute Membership Growth. As of July, 2008. %PMI Members %PMPs. 70% 58%. 11% 9%. 15% 30%. 4% 3%. 16.5 Million.

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What’s Next?

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  1. What’s Next? John H. Cable, R.A., PMP Executive Director, Project management Program

  2. Isn’t this a great day to discussProject Management!

  3. Project Management InstituteMembership Growth As of July, 2008

  4. %PMI Members %PMPs 70% 58% 11% 9% 15% 30% 4% 3%

  5. 16.5 Million 13.86 Million Theory of Diffusion of Innovation Everett Rogers 8.25 Million 2.64 Million 0.41 Million Innovators PMI Estimates Global Need for PM’s

  6. The next generation Of sustainable Competitive advantage Will be found In our people!

  7. What is Positive Psychology? • Scientific study of the strengths and virtues that enable individuals and communities to thrive • Founded on the belief that people want • to lead meaningful and fulfilling lives, • to cultivate what is best within themselves, • and to enhance their experiences of love, work, and play. • Three central concerns: • positive emotions • positive individual traits • positive institutions Source: Website of the Positive Psychology Center at the University of Pennsylvania

  8. Core of Positive Workplace • Focused on creating and sustaining a working environment in which individuals have the opportunity to do their best everyday • Work is felt to be meaningful and important • People have the resources they need to do their jobs • People know clearly what is expected of them and receive regular, constructive feedback on performance • Organizations in which individuals flourish will thrive.

  9. The Positive Workplace supplements, but doesn’t replace our business as usual management model.

  10. Flourish 1 to blossom 2 to grow vigorously; succeed, thrive, prosper 3 to be at the peak of development, activity, influence, production, etc. to be in one’s prime

  11. 67% $375 MM $1 Trillion 10% of GDP 01% 9-10 25% 28% 54% 17%

  12. Communications are the Lifeblood of Project Management Research on project failure suggests that projects fail for these reasons….of ten critical success factors* • Communications 8 of 10 • Team 6 of 10 • Process 4 of 10 Communications and teaming are people issues at base…. * Quoted in Building Effective Project Teams, Robert K. Wysocki, from Standish Group, Chaos Report

  13. Type Table

  14. Our focus will be on the business case • Emotional intelligence • engagement • strengths based management • optimism, resilience and hope • positive emotions and high performance teams

  15. Summary Business Case for Positive Psychology in Workplace • Engagement measured by 12 questions • Higher levels of engagement are correlated with increases in positive KPI and decreases in negative KPI:

  16. Gallup Organization Research • Engaged employees average 27% less absenteeism • Disengaged employees average 5,000 lost days per 10,000 employees • $600,000 in salary for no work performed per 10,000 employees • 51% more turnover for disengaged employees • 25-80% additional salary needed to replace front-line or entry-level employees • 75-400% additional salary needed to replace a specialists (engineer, nurse, salesperson, etc) • Respondents in the bottom quartile averaged 62% more accidents than the top quartile From 12: Elements of Great Management

  17. Gallup Organization Research . ** From Managing Human Differences, presentation by the Gallup Organization at the 2004 International Positive Psychology Conference, Washington, DC.

  18. Gallup 12 • Do you know what is expected of you at work? • Do you have the materials and equipment that you need to do your work right? • At work, do you have the opportunity to do your best? • In the last seven days, have you received recognition or praise for doing good work? • Does your supervisor, or someone at work, seem to care about you as a person? • Is there someone at work who encourages your development? • At work, do your opinions seem to count? • Does the mission/purpose of your company make you feel your job is important? • Are your associates committed to doing quality work? • Do you have a best friend at work? • In the last six months, has someone talked to you about your progress? • In the last year, have you had opportunities to learn and grow?

  19. 67% $375 MM $1 Trillion 10% of GDP 01% 9-10 25% 28% 54% 17%

  20. Questions? Thank You!

  21. Customer Focus Quality Performance Excellence in project management education. http://www.pm.umd.edu

  22. Thank You! John H Cable - University of Maryland 301-405-8935 • jcable@umd.edu Jocelyn S Davis - Nelson Hart LLC 703-534-4901 jocelynsdavis@nelsonhartllc.com

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