Project management and business analysis are in fact two disciplines that are becoming more and more strategic for many companies.
Project management focuses on the creation of the “product, service, or result” of the project in order to meet its objectives. Business analysis aims at understanding the needs of the business stakeholders and at defining the characteristics of the solution to meeting those needs.
Through the integration of these two disciplines, organizations can achieve superior project performance, both from the standpoint of the realization of project deliverables and from the creation of business value.
Maritato, M. (2012). Project management and business analysis: the dynamic duo. Paper presented at PMI® Global Congress 2012—EMEA, Marsailles, France. Newtown Square, PA: Project Management Institute.
Busines vs Project is two different domain or discipline wich should aligned to create project best practices on every context of organization or business needs. That’s why PMI (PROJECT MANAGEMENT INSTITUTE) also adapt to response the evolving needs in the project framework with new Talent Triangle.
The PMI Talent Triangle has been updated to include the following three skill areas:
(formerly: Strategic and Business Management)
To Business Acumen: This skill area encompasses the ability to understand and apply business principles, finance, and organizational strategy to drive successful project outcomes. Business acumen is an essential skill for project managers to make informed decisions that align with the organization’s goals.
(formerly: Technical Project Management)
To Ways of Working: This skill area emphasizes the importance of project managers’ knowledge and proficiency in Agile, hybrid, and waterfall methodologies. The ability to choose the right approach for the project and effectively manage change is crucial for project success.
(formerly Leadership)
To Power Skills: This skill area refers to the critical interpersonal skills required to manage stakeholders, communicate effectively, negotiate, resolve conflicts, and lead teams. Project managers need strong power skills to build trust and establish positive working relationships with project teams and stakeholders.
PMI updated the Talent Triangle to better align with the evolving project management landscape and the needs of organizations. The previous version of the Talent Triangle emphasized technical project management skills, but the updated version places a greater emphasis on the importance of leadership, business acumen, and digital skills. This change was necessary because the project management profession is rapidly changing, and project managers need to have a broad range of skills to be successful. By updating the Talent Triangle, PMI ensures that project managers have the right skill sets to lead successful projects in today’s business environment. Additionally, the updated Talent Triangle reflects the demands of the market, ensuring that PMI remains relevant and responsive to the needs of the industry.
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