Learn how to apply your business acumen to make your projects more successful.
- Elon Musk, the founder of Tesla and SpaceX,…said that if you're trying to create a company…it's like baking a cake.…You have to have all the ingredients…in the right proportion.…In this lesson, we'll talk about how you…can use your knowledge of those ingredients,…you're business acumen, as a project manager.…The Project Management Institute recognizes three areas…in which project managers need to develop.…They need to build technical project management skills,…leadership skills, and an understanding…of strategic and business management.…
Our focus in this course…has been on building business acumen,…the strategic and business management…part of the talent triangle.…Business acumen starts with an understanding…of the problem that your organization exists to solve.…Who is it that your serve and what value…do you provide to them?…All of the work that an organization does…should tie back to achieving this purpose,…and that's why it's important to keep strategy,…tactics, and operations fully aligned.…
On one hand, you can always find ways…
Instructor Daniel Stanton begins the course by reviewing the key skills highlighted in the Project Management Institute (PMI) Talent Triangle, and explaining how strategy and business management fit into your professional development. Next, he explains how to align your project with the priorities of your organization, and effectively communicate the goals, benefits, and risks of your project to your stakeholders. Then, he walks through the different business functions in an organization, including marketing and sales, supply chain management, human resources, and information technology. To wrap up, Daniel explains how to leverage your business acumen to collaborate effectively with individuals throughout your organization.
- How stakeholders view your projects
- Defining the goals and benefits of a project
- Identifying and describing the risks associated with a project
- How sustainability can impact a project
- Process improvement methods
- Goals of marketing and sales
- Goals of human resources
- The importance of projects for supply chain management
- Key financial and accounting documents