The manager's guide to executing successful projects in 2024
Get tips to drive business impact with less
65% of projects
but yours don’t have to
According to Harvard Business Review, only 35% of projects are completed successfully. That means companies today are wasting a staggering 65% of the time and resources they’ve invested in their work. And, with many organizations working with a limited budget or fewer resources this year, efficiency matters now more than ever.
The work management model
Reporting and optimization
Routine ceremonies
Phase 1
Initiation and planning
The answer to this question can often be traced back to poor planning and research. Often, there are many people and moving parts involved when kicking off a new initiative. By establishing and agreeing on important aspects such as organizational priorities, objectives, and requirements from the start, underpinned by high-level alignment and transparency at every stage, there will be less room for confusion later on.
Why do most projects
Clear objectives serve as the foundation for any effort, no matter the size or scale. When it comes to setting objectives, remember to keep them SMART: Specific, Measurable, Attainable, Relevant, and Time-bound.
Set clear objectives
STEP ONE
If you want your team to stay productive, you’ll need to create manageable work schedules. It’s important to take into consideration both the intended delivery date and each team member’s workload, making sure to also set aside time for unexpected setbacks
Create timelines
STEP TWO
On-the-ground execution
Phase 2
Once there is a clear high-level strategy in place and all relevant stakeholders are on board, it’s time to hit the ground running.
But, while planning is a critical component of successful work management, things don’t always go exactly as anticipated. Priorities may change, a team member might take an unexpected leave of absence, or you might learn new information during the execution cycle.
At monday.com, we hold quarterly ceremonies with broader team attendance to align on high-level strategy and performance, as well as more frequent, intimate ceremonies to discuss specific deliverables and tasks.
Set routine ceremonies
STEP THREE
When setting up ceremonies, it's important to consider the following details:
As each project unfolds, make sure to track your performance along the way and not just once the work is completed. These insights should be shared regularly in routine ceremonies to promote visibility and guide data-driven decision-making.