Explore how projects deliver value through systems thinking!
When managing a new project, a project manager focuses on the value it delivers to the organization and its stakeholders. This involves understanding:
Every project is undertaken to deliver specific value. By aligning with the organization’s goals and stakeholder expectations, project managers ensure successful outcomes.
Organizations are systems of value delivery, interacting with multiple external and internal systems to benefit stakeholders. Projects, as subsystems, contribute to this value delivery.
Systems thinking involves understanding how organizations and projects operate within interconnected systems. These systems include external factors (e.g., markets, regulations) and internal components (e.g., PMO, operations). Projects deliver a subset of the organization’s overall value to stakeholders.