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Power Skills for Project Success 2024

Power Skills: Key Drivers for Your Project Success

Picture of Stella Martin
Stella Martin
Stella brings over a decade of expertise in AWS and CyberSecurity, showcasing a remarkable record of success. Her extensive experience spans various facets of these fields, making her a valuable asset to any team or project requiring specialized knowledge and proficiency.

Today, we live in a day and age where everything and anything is a project. The word project has become a synonym for even the simplest of tasks that we perform in our day-to-day lives. Such is the impact of project management practices globally. Before Agile and other frameworks took off, your project management methodologies and best practices to complete a project in a stipulated time were the go-to practices. The waterfall method, PRINCE2, and PMP are still relevant today, depending on which sector or industry you belong to. Especially PRINCE2, a methodology of project management, and PMP, which is a set of best practices and guidance that global project practitioners across industry sectors bring together has led the way to shape today’s organizational culture.

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However, over some time, project management evolved as it entered the Fourth Industrial Revolution. Today, project success is not solely determined by technical expertise or subject matter knowledge. Organizations increasingly recognize the importance of power skills in driving project success. Power skills are nothing but soft skills or interpersonal skills in an individual that helps them to interact with others effectively. These skills are essential for collaboration, communication, and leadership, all of which are critical for the successful execution of projects.

According to the Project Management Institute’s (PMI) Pulse of the Profession 2023 report, power skills have emerged as key drivers of project success. The report states that 87% of high-performing organizations prioritize power skills development, recognizing the significant impact they have on project outcomes. This aligns with the findings of top consulting firms, such as Deloitte and McKinsey, which have also emphasized the importance of power skills in their research.

Key Power Skills for Project Success

1. Effective Communication

One of the most crucial power skills for project success is effective communication. A study conducted by McKinsey found that projects with effective communication are far more likely to succeed. Furthermore, the report highlights the negative consequences of poor communication, with 56% of survey respondents reporting that ineffective communication has led to project failure. This emphasizes the need for project managers and team members to possess excellent communication skills to ensure clarity, transparency, and alignment throughout the project lifecycle.

2. Leadership

Another power skill that significantly contributes to project success is leadership. According to the PMI report, 83% of high-performing organizations consider leadership skills as crucial for successful project delivery. Strong leadership ensures that team members are motivated, inspired, and focused on achieving project objectives. Moreover, effective leaders possess the ability to navigate through challenges, resolve conflicts, and make difficult decisions, all of which are critical in the project management realm. Consulting firm Deloitte also emphasizes the importance of leadership skills, stating that effective project managers must possess the ability to inspire trust, influence stakeholders, and drive team performance.

Power Skill and Project Success Graph

3. Problem-Solving

Problem-solving skills play a crucial role in project success. Project management is inherently dynamic and requires the ability to identify and overcome obstacles that may arise throughout the project lifecycle. Effective problem-solving ensures that projects stay on track, meet objectives, and deliver the desired outcomes. According to the Pulse of Profession Report 2023, 70% of high-performing organizations consider problem-solving skills as essential for project success.

4. Strategic Thinking

Strategic thinking is another power skill that significantly contributes to project success. It involves one’s ability to analyze complex situations, anticipate future challenges, and develop innovative approaches to achieve project objectives. This skill allows project managers and team members to align their actions with the broader organizational goals and make informed decisions that drive project success. According to the Project Management Institute’s (PMI) Pulse of the Profession 2023 report, 80% of high-performing organizations consider strategic thinking skills as essential for project success.

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5. Collaboration

Collaboration is another essential power skill for project success, particularly in today’s increasingly interconnected and global business environment. The PMI report reveals that 79% of high-performing organizations value collaboration skills in their project teams. Collaboration ensures that team members work together cohesively, leveraging each other’s strengths and expertise to achieve project goals. Effective collaboration involves active listening, sharing knowledge, and fostering a positive team culture. The report also highlights the positive impact of collaboration on project outcomes, with 89% of high-performing organizations experiencing better project outcomes due to effective collaboration.

6. Adaptability and Resilience

Adaptability and resilience are power skills that have gained significant importance in recent years, particularly in light of the COVID-19 pandemic. Organizations and project teams that have demonstrated adaptability and resilience have been better equipped to navigate through disruptions and thrive in uncertain environments. The PMI report states that 78% of high-performing organizations value adaptability and resilience skills in their project teams. These skills enable project managers and team members to embrace change, overcome challenges, and maintain focus and productivity in the face of adversity.

How to Develop these Power Skills?

While technical skills and subject matter expertise remain essential for project success, power skills are increasingly recognized as critical differentiators as humans work on these business-critical projects. These power skills are critical and lay a strong foundation on which projects become successful endeavors for organizations worldwide. According to the PMI report, high-performing organizations are 23% more likely to emphasize power skills development than low-performing organizations. This highlights the strategic advantage that power skills provide in driving successful project delivery.

To build and enhance power skills within project teams, organizations can employ various strategies. These include providing Project Management Training and development programs, offering mentoring and coaching opportunities, and fostering a culture that prioritizes continuous learning and skill development. By investing in PRINCE2 7 Training and PMP Certification Training, organizations can equip their project teams with the power, skills, and competencies needed to overcome challenges, inspire collaboration, and achieve project success.

Conclusion

In conclusion, power skills have emerged as key drivers for project success. Effective communication, leadership, collaboration, adaptability, and resilience are among the most important skills that project managers and team members must possess. Organizations that prioritize power skills development experience better project outcomes and gain a strategic advantage in the competitive business landscape. By investing in the development of power skills, organizations can enhance project performance, drive innovation, and achieve sustainable success.

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