ARTICLES platform provides project sponsors and business leaders with a quick, low cost, low intrusion, bias-free way of systematically measuring the previously under managed aspect of projects; peoples’ behaviour and the impact it has on project performance and success. • Low impact: the end to end process needs only 10 minutes from project team members so that they can focus on what they do best. Diagram E: Performance Score and Probability of Success Range over a Project Lifecycle
The Role Insights360 can Play in Improving Complex Project Execution Performance Not Just Another Project Management System Insights360 is not a project management system. It has not been designed to replace existing tools or methods, rather it has been developed to work with and complement existing project management practices. Insights360 enables project sponsors, business leaders and forward thinking project managers to measure and monitor how their project ecosystem is behaving and the impact this is having on project performance. They can use this information to coach and lead their teams in the better application of their existing project management toolsets to improve rates of project success. Why our client’s value Insights360 Insights360 provides a quick, low cost, low intrusion, bias-free way to monitor the key dimension to project success, but it also enunciates a new way to think about how to manage transformation projects in a rapidly changing environment. Conclusion Our experience over the last nine years in diagnosing, reforming and managing projects has demonstrated that people’s behaviour in a project ecosystem is impacted by external environmental factors and that project behaviour is the key determinant of project success. We have defined and proven a predictive algorithm that can measure project ecosystem environment factors, link them to measures of project ecosystem behaviour which can, in turn, provide a predicted Team Performance Score and a probability of project success range. If behavioural measurements are taken at the right intervals in a project lifecycle, improvement actions can be taken using standard project management practices to ensure higher rates of project success. For the first time, the Insights360 predictive analytics BUILDING CAPABILITY IN COMPLEX ENVIRONMENTS
• Affordable: Our clients can run an Insights360 review for one twentieth of the cost of a traditional project health check. • Bias-free and Inclusive: traditional status reporting and “health checks” can be prone to bias. Insights360 is a “closed system” using input captured directly from a broad range of project participants and stakeholders with no opportunity for intervention. • Agile assurance via predictive metrics: Insights360 is designed to support incremental, iterative measurement and improvements throughout the project lifecycle to improve rates of success. • People over processes: the focus is not just on the maturity of your project management processes, but rather how effectively these processes are applied. Our thinking helps clients get the most out of their existing methodologies and works with a range of project management approaches including PMBOK, Prince 2 and Agile. References: Everitt, B.S and A Skrondal. The Cambridge Dictionary of Statistics. 1st ed. Cambridge: Cambridge University Press, 2011. Print. Fauser J, Schmidthuysen, M and Scheffold B. “The Prediction of Success in Project Management – Predictive Project Analytics”. Deloitte Consulting GmbH. 2015. Web. 7 Mar. 2017. Storm, PM and RE Janssen, “High performance projects– A speculative model”. 6th Conference of the International Research (2004). Web. Arnoud De Meyer, Christoph H. Loch, Michael T. Pich. “A Framework for Project Management under Uncertainty” Insead January 2002 Wessel, Maxwell. “You Don’t Need Big Data — You Need the Right Data”. Harvard Business Review. N.p., 2017. Web. 7 Mar. 2017. ICCPM CONNECT | 23