IT project management used to be a highly technical job that focused on a small set of parameters. Nowadays, with technology and innovation at the forefront of most business strategies, the project manager has had to take on more responsibility than ever before on the business side of things too. In a post for strategy+business, Matt Palmquist describes the resulting “hybrid” model of project manager and why such a manager can be so useful.
Heading Towards Hybrid
The modern IT project manager needs to be able to balance the business and technology side of project management in order to keep up with the fast-paced innovation that businesses crave. Palmquist uses the example of a bank teller who knows the technical systems of tellers and ATMs in addition to the retail side’s loans and savings plans. This balance gives the necessary tools for a project manager to prioritize changes and strategies moving forward, because he or she understands how technical changes affect the greater business.
These conclusions are drawn from a recent study:
The authors of the study surveyed the managers responsible for 108 recent IT initiatives, with an average budget of about US$4.5 million, a deadline of slightly more than a year, and a project team consisting of about nine employees. The projects occurred at 64 organizations operating in a diverse range of industries including manufacturing, engineering, financial services, insurance, consulting, healthcare, energy, and education.
An analysis of the information extracted from these surveys showed that overall, hybrid IT managers … were more likely to oversee projects that delivered the value they promised while coming in on time and under budget than were those who possessed mainly IT skills.
Nonetheless, technical skills still played a major role in an individual’s success, so its importance shouldn’t be discounted. But since it is not easy to find IT project managers who also have a business background, the study authors recommend pulling people from the business end and training them in IT to become IT project managers. In the near future, it may not be as difficult a thing to do, since younger generations inherently have a better understanding of technology as a result of having spent more time with it.
For additional thoughts, you can view the original post here: https://www.strategy-business.com/blog/Looking-for-a-Better-IT-Project-Manager-Try-the-Hybrid-Model?gko=d33d0