Project Management as “table stakes”

Regular readers know that I’ve been harping on the increasing importance of program management, especially when it comes to realizing the benefits or value of projects.  Project managers who simply run projects without reference to the larger business environment are becoming a commodity. 

During the recent Global Corporate Council forum, I heard two thoughts that illustrated the challenge for PMs:

  • Greg Balestrero, the CEO of the Project Management Institute (Greg’s blog is here), calls project management “table stakes”.  In other words, PM has become so widespread that it is no longer differentiating for an organization or person to be good at PM.  In Greg’s opinion, PM-only lets/keeps you in the game…no more.
  • One council member quanitified the value of the PMP in terms of experience.  He had to counsel a project manager who was very itchy to advance but was perplexed that his PMP hadn’t taken him further.  The council member put it to him bluntly: “A PMP is worth about two years of experience in our organization, which is something…  But it isn’t equivalent to leading and delivering a multi-year project or program.”
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