PMI Africa - Stakeholders in The Project Economy
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This document discusses stakeholder engagement in the context of the project economy. It argues that the project economy extends beyond traditional project management to include more aspects like leadership, digitalization, and societal impacts. Effective stakeholder engagement requires project managers to understand different stakeholder motivations and influence them in a fair manner by avoiding triggers that cause negative emotions. Leadership is about providing certainty, structure, and hope while enabling difficult conversations and decisions through emotional intelligence.
PMI Africa - Stakeholders in The Project Economy
- 1. STAKEHOLDER ENGAGEMENT IN THE LIGHT OF THE PROJECT ECONOMY A new view on stakeholders? Thomas Walenta 06 SEPTEMBER 2020
- 2. As Project Managers … You are the leaders of teams and customers into a positive future. You provide safety and security. You will find some practical and some philosophical ideas in my pitch. You may ask questions at the end or in the chat. You can get the deck. It is up to you, if you want to deep dive or try out some ideas. Or read a book. You may also contact me to discuss further. In the global profession, in PMI, in the Chapter you find like-minded people with similar problems – connect and help build the PM hive Nobody knows what will be in a year (and never did) – but we all can connect today in order to openly and fairly share ideas for the next steps You are the reason I speak here today
- 4. We power The Project Economy™, strengthening society by enabling organizations and empowering people to make ideas a reality.
- 5. Project mgmt P r o j e c t E c o n o m y The Project Economy™ extends project management into the future
- 6. Project mgmt P r o j e c t E c o n o m y The Project Economy™ extends project management into the future PMI added more aspects to project management over time Program mgmt Portfolio mgmt Brightline: strategy gap PMI Educational Foundation: age 5-19 Disciplined Agile Transformation compass PMI Code of Ethics
- 7. Project mgmt P r o j e c t E c o n o m y The Project Economy™ extends project management into the future There are even more things going on in the world, quicker and quicker Program mgmt Portfolio mgmt Brightline: strategy gap PMI Educational Foundation: age 5-19 Disciplined Agile Leadership / Team 2.0 Digitalization / AI Transformation compass Globalization (Human Hive) Agile PMI World Code of Ethics
- 8. Project mgmt P r o j e c t E c o n o m y The Project Economy™ extends project management into the future Leading to a flexible North Star, which is much more than traditional PM Program mgmt Portfolio mgmt Brightline: strategy gap PMI Educational Foundation: age 5-19 Disciplined Agile Leadership Digitalization / AI Age 5-75 Society Transformation compass Security Resilience Globalization (Human Hive) Operations to projects Roles to gig jobsAgile PMI World HopeCode of Ethics
- 10. The Project Economy™ deals with a variety of stakeholders environment recipients implementers beneficiaries
- 11. The Project Economy™ helps to make value a reality Beneficiaries sponsors, clients Implementers teams, partners Recipients users environment regulation, compliance, organization Need Impact Change Boundaries Charter ValueProductIdea
- 12. The Project Economy™ needs leaders able to influence all stakeholders Beneficiaries sponsors, clients Implementers teams, partners Recipients users environment regulation, compliance, organization Need Impact Change Boundaries Charter ValueProductIdea
- 13. The Project Economy™ stakeholders have different targets to influence beneficiaries sponsors, clients Implementers teams, partners recipients users environment expectation management, satisfaction, safety teaming, collaboration change acceptance lower risk, addtl. support TRUST
- 15. Yusra Mardini from Damascus, Syria Swimming Champion, 17 years old A motor dhingi designed for 6, loaded with 19 - 2015 Project: Go from Turkey to Lesbos, 25km Ø motor stopped, boat took water Ø Yusra jumped in sea, followed by 3 others Ø pulling the boat, keeping it afloat Ø after 3 hours motor started – all were saved A good person, a trusted leader, a successful project Ø Vision Ø Action Ø Results
- 16. Ethical values describe triggers to our emotions 16 Responsibility, accountability Respect, mindfulness, tolerance, diversity Fairness, justice, equitable Honesty, truth, integrity Freedom, autonomy Community, family, relatedness Compassion, Care, Love Humility, reverence for life 8 human values found in most human cultures (Rushworth Kidder) Compassion, care, love, help PMI Code of Ethics and Professional Responsibility
- 17. Example: How fairness and reciprocity developed during evolution
- 18. Emotional Intelligence – a base for leadership self awareness: confidence, authenticity self control: mindfulness, resilience empathy: learning, understanding, listen organizational awareness influence: leadership, impact, conflict handling, negotiations compassion: self- motivation, flowobserve act me you Stakeholder Management
- 19. Neuroleadership – SCARF (by David Rock) a tool to improve emotional intelligence (self control and influence) Status Certainty Autonomy Relatedness Fairness 5 automatically triggered emotions (David Rock) fear lonely forced inferior unjust courage hope protected empowered respected valued equal How humans feel if emotions are triggered towards the emotion negatively vs. positively
- 20. A PRANZO CON IL NIC Fairness In order to lead and influence, we have to understand motivations that drive our reactions and try to smooth the triggers that might result in emotions Certainty Autonomy Relatedness Status As Project Managers …. You are the leaders of teams and customers into a positive future You will find some practical and some philosophical ideas in my pitch. You may ask questions at the end or in the chat. You can get the deck. It is up to you, if you want to deep dive or try out some ideas. Or read a book. You may also contact me to discuss further. In the global profession, in PMI, in the Chapter you find like-minded people with similar problems – connect and help build the PM hive Nobody knows what will be in a year (and never did) – but we all can connect today in order to openly and fairly share ideas for the next steps SCARF (David Rock) davidrock.net/ 20
- 21. Leadership can be seen when you perceive a shift .. From To Uncertainty Certainty Chaos Structure Fear Hope Vision Results Activism Plan Waste Discipline Hesitation Decision Narrow view Reframing Confrontation Conversation Leadership is absorption of insecurity (Clausewitz)