February 13, 2009
By Linda L Briggs for Campus Technology
Serious cost-savings begin when you avoid projects that are going to waste time and money down the road. "It's one thing to do a project well; it's another to select the right project initially," Bennett counseled. Good project management software lets you compare and contrast potential projects in different ways, then dial up or down depending on projected outcomes. At Franklin, "we're not starting nearly the number of projects we used to," Bennett said. "We just don't have to [in order to see the outcome]. That's the power of transparency--of putting all the facts in one tool." Making pertinent information available to all interested parties is key to success with any project, and that's especially true in higher ed, where there's a focus on consensus rather than a single decision-maker. One key way in which higher education differs from the corporate world, Bennett said, is that in Governance models also differ in higher ed versus corporations--as does their importance. "You've got to identify key leadership, and they've got to serve on the governance committee," Bennett advised. "You have to let them hash out what is going to be done, and what isn't." Without the right leaders at the table, he said, projects can be decided based on social favors or perceived political gain. Instead, he said, "It [should] come down to prioritization. You have limited dollars and human resources and time. What do you want to get done? For a basic governance model, Bennett suggested starting with a list of everything key leaders want to complete. Then have the governance committee align that against institutional mission, strategic framework, and goals. Any documents that help to guide the direction of the university are helpful. Next, have the governance committee prioritize the list--having all the key leadership in the same room is key to ensure honest conversations and consensus-building. From there, he said, leaders can start developing a basic, repeatable, and sustainable governance model. Here's another way in which corporations and higher ed are drastically different: the decision-making process. At corporations, a vice president typically has complete autonomy over a portion of the budget, and executes accordingly. "It's the golden rule," Bennett says. "Who has the gold, makes the rules. If I have the dollars, I deploy the project." interests and backgrounds, often need to be brought on board. "In higher ed, it's much more about a collaborative process," Bennett said. Rather than struggling against that, he suggested, understanding and embracing the collaborative process--and using project management software to spread the word and bring all hands around--can result in a better project. Linda L. Briggs is a freelance writer based in San Diego, Calif.
business, the main driver is financial gain for the shareholder--with the company's mission sometimes falling far behind. But at a not-for-profit, he said, "our mission is first and foremost to what we do." This means that project valuation based solely on return in dollars in not always the goal. Rather, projects are chosen because they fulfill the institution's mission. For example, a university may create a new major that costs more to offer than it will return. However, it serves a societal need and supports the school's mission.
Release Date: | Feb 13 2009 10:38am |
Source: | TechWeek |
Author: | TechWeek Editor |
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Email: | editor@techcolumbus.org |