AI will accelerate Straight Through Processing and Process Optimisation
With several years of experience as a project manager in the financial sector, I have worked extensively on automating operational tasks through IT systems. In this setting, process optimisation and Straight Through Processing (STP) have been well-established principles for creating efficient, reliable, and scalable workflows. While process optimisation defines and improves the structure of work, […]
A new kid in town, adding speed to the old paradigms
Straight Through Processing and Process Optimisation have so far been Key Drivers in IT organisations I have been a project manager for projects where the goal has been to create systems so that the tasks could be carried out almost automatically using IT. Therefore, I am pleased that we now have popular AI that can […]
The Rebirth of the Modern PMO
From Bureaucracy to Strategic Enabler Just a few words about why you should rethink your PMO, if you have one, and how it can be a Strategic Enabler – if your company has a strategy. For decades, Project Portfolio Management Offices (PMOs) have risen and fallen within organizations, often following a familiar arc: ambitious creation, […]
Strategy, tactics, and day-to-day operations
Strategy, tactics, and day-to-day operations are three key concepts that are closely interrelated and play an essential role in the success of any organisation. Here is how they play together: Strategy is about setting overall goals and directions for the organisation in the long term. It involves identifying opportunities and threats in the market, defining […]
Love doing strategic work
I have been doing strategical work the most of my carrier because IT (Information Technology) projects are mainly strategic for organizations in today’s digital age because IT is crucial in driving innovation, improving efficiency, enhancing customer experiences, and gaining competitive advantage. In more detail, I see IT projects are considered strategic because: Many IT projects […]
Building a high-performance team
One time, while I was working at a central Danish bank, I had the unique opportunity to lead an Indian IT team. It was a fascinating experience but also a challenging one. You see, Indian IT developers are often accustomed to following specific instructions to the letter. But this project was massive—too complex for me […]
Why should project managers not mess with politics?
From my experience, project managers should avoid organizational politics for several key reasons. First and foremost, our role requires neutrality. When leading a project, any hint of bias or favouritism can quickly undermine team trust and collaboration. Staying neutral ensures I’m seen as fair and focused on the project’s success, not on gaining personal advantage […]
Mission, vision and the way forward
Mission, vision and strategy are three fundamental elements of any organization’s strategic planning and management. Although each serves different purposes, they work together to give direction, purpose, and structure to the organization’s activities and decisions. Let us take a closer look at how the three elements interact:Mission:The mission statement describes the organization’s core purpose, what […]
Project management of AI projects
In the spring of 2023, I had the opportunity to participate in a Master Class on Artificial Intelligence (AI) and the derived ethical and legal challenges organized by the University of Copenhagen and Copenhagen Fintech. Since then, I have reflected on the consequences AI will have for us project managers when we lead AI projects. […]
What are non-functional requirements?
Introduction In this guide, you will find examples, definitions and a complete overview of how to work with non-functional requirements in designing and building IT systems. What are non-functional requirements? Non-functional requirements (NFRs) are the constraints imposed on a system that defines its quality attributes. They are usually adjectives such as security, performance, and scalability. […]
