I'm trying to clean up the project portfolio management book for technical review, and I realized the other night (well, morning, when I woke up), that I'd missed explaining a key idea.
We all work on several kinds of projects:
- Projects that maintain the organization, the kind we need to run. These projects “keep the lights on,” as a CIO said recently.
- Projects that help grow the capabilities of the organization or the offerings of the organization.
- Projects that create new business or transform the organization.
You can work on any or all of these (not at the same time, please!). Especially in this economy, I would do as little as possible on keep-the-lights-on projects, avoid normal growth, and see if I couldn't transform my business. But that's my strategy, and fits my risk-taking approach, not yours.
Do you know what kind of project you are working on? Should you be?