Dear PM Advisor, We are starting prioritization and I'm concerned about our long-term projects. With everyone considering time to market and urgent projects, when will our long-term projects hit the top of the priority list and get done?
Visionary in Manchester, NH
Since the dawn of time, humans have prioritized urgent above important. Running from the lion seemed more crucial than planting crops to last through the winter. But that kind of human nature can cripple companies. You need to plan for the future as well.
When management gets together to plan the strategy, they need to take the future into account. Not just the products that will make us money in six months but those that will determine the direction of the organization in five years. They cannot keep stalling these long-term projects while the short-term ones finish or they will not be around five years from now when we need them.
So how do we do this? We have a couple of options:
1) Dedicate a group of people to work on these long-term projects and make their time unavailable to work on shorter-term projects. Kind of like the R in R&D.
2) Prioritize these along with the others but, once the priority list is established, balance the portfolio to ensure that the company's future is also ensured.
Send your questions to Bruce@RoundTablePM.com