Traditional versus nontraditional projects

Executive View of Project Management
Old View	New View
Project management is a career path.	Project management is a strategic or core competency.
We need our people certified as PMP®s.	We need people certified in project management, business processes and possibly other areas such as program management and risk management.
Project management is a process for executing work.	Project management has evolved more into a business process than a pure project management process.
Our project managers need traditional organizational behavior training.	We need specialized training in organizational behavior, including such topics such as virtual teams, stakeholder relations management, and managing diversity.

*Traditional versus NonTraditional Projects*
Managing Traditional Projects	Managing NonTraditional Projects
Single-person sponsorship	Governance by committee
Possibly a single stakeholder	Multiple stakeholders
Project decision-making	Both project and business decision-making
An inflexible project management methodology	Flexible or “fluid” project management methodology
Periodic status reporting	Real-time reporting
Success is defined by the triple constraints of time, cost and scope.	Sucess is defined by competing constraints and value.
KPIs are derived from the earned-value measurement system.	Unique value-driven KPIs.