7 Laws of Social Project Management and its Benefits

in 7 Social Project Management Laws of In today's time, social project management is a growing practice where employees are using social media channels to communicate with co-workers online. In fact, social project management is more effective and fun for employees while working on a project. 7 Laws of Social Project Management: Project Collaboration beyond Email, Shared Folders and Lists Without social project management technology, it is said that 28 hours per week employees spend writing emails, searching for information and collaborating internally. 75% of organizations with social project management technology have stakeholders to collaborate early and throughout the project lifecycle than 47% without it. Creating a Central Repository of Information According to Aberdeen Group's “Social Project Management" report, 65% of enterprises with social project management technology capture all project related information in a central repository compared to 47% without social project management process in place. Participants should take the Advantage by Participating Answering "What's in it for me?" for each and every employee becomes crucial to achieve real engagement with process and tools. Here Social project management allows people to work in a more flexible manner. Benefits include: 24 >USD 11,000 typical business savings per person/year. >USD 2-7,000 typical employee savings per year. Transparency Must be Examined 4 5 When you hire smart people, do not narrow their focus by reducing the possibilities of communication. Allow them to be connected via social project management tools and see the change work in your favor. Close to USD 900 billion - USD 1.3 trillion could be unlocked by social technologies in 4 major sectors. 20-25% improvement is seen by embracing today's social technologies. Establish Ownership Establish ownership of work with regards to data, estimates, and control to team members'. Expect them to make important contributions, and keep a public audit trail for accountability. Social technology increase: potential value with regards to enterprise ZXcommunication and collaboration. Be Realistic with Estimating and Scheduling Before estimating and scheduling, be realistic with uncertainties and workloads. In fact a real-time scheduling tool is required to get this right and what better than social project management tool which helps organizations to complete 73% of projects on time compared to 64% without the technology. 25 7. Social Project Management = Improved Project Performance 75% 60% 30% employees that exceed performance metrics Decrease in customers report "better than average" satisfaction time-to-decision over the past year 68% 45% 16% 73% 83% With Social PM projects delivered on-time or early projects delivered within budget I Without Social PM 64% 77% Source: Aberdeen Group, April 2012 InvEnsis www.invensislearning.com Global Learning Services