12.4 Enterprise Project Execution and Governance Part 4

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um,

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the products here in committee

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is the first again, the first line of defense.

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They are charged specifically directly with successful delivery of the project outputs.

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So where your project manager is only worried about? Scope, schedule, budget in iron triangle. Those things, they're skilled at it. They're the ones that build the schedule, understand? Dependencies know how to interface with the developers and the business owners and that kind of stuff.

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Ultimately,

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unless you are in a truly project highest organization,

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that project manager doesn't have a great deal of authority in and of themselves. But when you put together a good PSC and you say you guys and gals are in charge of successful project delivery, I'm gonna hold you responsible. You have

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this amount of discretionary authority to an increase the budget, decrease the budget,

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increase the schedule so on,

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then

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you're giving them a vested interest in not just going to these meetings for their own entertainment.

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They're going there to make those decisions and be accountable for those decisions and provide the project manager with the political support that they need within the organization.

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This is critical and very often overlooked

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in enterprise project management. If you don't have that political power than the project, is much more likely to fail.

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So it's again. It's includes budgetary strategy, outcomes, risks quality schedule, decision making changes to the project you're PSC

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is should

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be the primary person or group of people

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that

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you can treat a person is almost like its own entity.

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That is,

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who the project manager turns to for help. So when the project manager

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has some sort of challenges because nothing ever goes according to plan,

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the PSC should be senior enough and empowered enough by the executive steering committee that they can own those decisions, own that risk

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within the appropriate parameters and make those decisions to support the project manager.

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Typically, the PSC membership is determined again by the project sponsor in the S E. Sometimes they're one and the same.

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But the fiduciary authority within the organization that's authorized to make an investment of tens of millions of dollars

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then says who within my organization is best fit to support the execution of this project? And that's gonna be your PSC. So they're going to be a project sponsor or a business leader who usually is appointed by the sponsor. Uh, any affected business owners

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you wanna have again your e p m o r p m o office.

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You're a quote unquote expert on this whole project management thing.

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Should be on the PSC so they can give input on what good product management is.

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Key stakeholders. Certain subject matter experts with the organization, although s Emmys can report to the PSC without actually being on the PSC. But sometimes you want those experts toe Have a have a vote within the PSC meetings.

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Sometimes you'll have external stakeholders. If you're doing a project where the primary customer is external to your organization,

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whether it's an agency, partnership or organizational joint venture or wherever,

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it would sometimes make sense to bring those external people in because they're the ones with the biggest vested interest in the outcome of the project.

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Um,

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different consultants, different agencies if you're in government. So there's a lot of

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grey area in this, but what you want to do

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is

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for especially for these enterprise projects, you want to identify who are Mikey seven or key nine people that

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best represent

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my stakeholder community that I can empower with the expertise

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on their individual areas to make the best decisions again. Keyword

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for the project, not for the organization, not for the agency

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for the projects.

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The product manager is not a voting member of the steering committee.

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They are quote unquote contract ID. So they're hired by the Syrian committee to make sure that the work that the steering committee approves is undertaken.

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Obviously, the product manger? Well, obviously. But they had 10. Normally, they attend PSC meetings to give reports and status updates and all that kind of stuff.

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Although the PSC is well within their rights to call them getting without the PM so that they can discuss things without any worries about

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external folks outside the PSC being part of the decision making process

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a man s Amis product, team members, administrative staff, they can always go to these meetings.

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But

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it's key that they everybody understands that the voting power

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of the project is vested in the PSC. Everybody else's the execute er

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of the PSC. His vision and the members of the PSC need to understand that they are making decisions based on information.

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They are not delegating that this is you're making authority

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to the PM or the project team or S s Amis or so on. So

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the composition of the PSC is very, very key because you want a group of people that understand their role,

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embrace the rule and have a vested interest in the success of the project. So they're not just spectating

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in the project execution process

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that completes the video for