3 Ps of project management

Planning and managing a project involves many elements that cannot be included in one article. However, factoring in the 3 Ps of project management can help. What are the 3 Ps? Product, People, and Process.

Product:

This includes the project’s objectives, benefits, outcomes, and deliverables. It’s about answering the following key questions:

Why are we doing this project? What is the problem we are trying to solve? Are we doing this to save cost, grow revenue, improve customer satisfaction, meet regulatory requirements, etc.? What business benefits can be realized as an outcome of the project? How will we know that these benefits are realized? How can they be measured and tracked?
What should the final product look like by the end of the project? What are the business and technical requirements and needs? What functionality do the users of this product need? What does the environment within which this product will live look like?
What other deliverables are needed as an outcome of the project besides the product, including research and prototype findings, requirements analysis and design documentation, business process maps, operational guides, training material, user manuals, project status reports, and plans, etc.?

People:

This is about understanding the stakeholder landscape, i.e., who will potentially impact or be impacted by this project. This includes understanding all stakeholders’ personas, culture, backgrounds, previous experiences with similar projects, and expectations.

The following are key questions to ask:

Who are the beneficiaries of this project, including business sponsors and end-users?
What are their personas?
What is their vision for the end product?
What are their expectations?
What new experience are they seeking?
What do they care about?
What gets them excited or turns them off?
How will they interact with the product?
What common patterns and characteristics do they share?
Who will build the product and make this possible?
What types of human resources, skill sets, and experience are needed?
Where will the resources come from (internal, external, delivery partners, etc.)?
In what capacity will they be allocated to the project?
How soon are they available?
Where are they located?
What are their personas?
What gets them excited or turns them off?
How do they like to work together and be the most productive?
Once the project is over, who will manage or operate the product?
How will they manage it?
What is important to them once they take over the product?
What are their concerns about current operations or previous projects?

Process:

This addresses how we plan to achieve the project’s outcome and deliver the final product, including answering the following questions:

What delivery strategy best suits this project and environment (internal organization, external stakeholders)?
Are vital stakeholders risk-averse or open to new approaches and technologies?
Are they open to Agile practices, in which details are elaborated during the project, or are they more comfortable with a plan-driven approach, in which details are defined upfront?
Is a hybrid model suitable for this project and environment?
What is the project governance model?
How are vital executives and business sponsors engaged and supportive of the project?
How will decisions be made?
Who is responsible or accountable for what?
What is the escalation path?
What regular project reporting, meetings, and communications are needed?
Who will do it?
How (meetings, collaboration tools, email, etc.)?
Who is the target audience?
How can we make this most effective and efficient?
How will we identify, manage, and address project issues and risks?
What tools will be used to track this?
How can we make sure that risks and issues are actually addressed and closed before it’s too late?
How will we manage change effectively and ensure the project stays within the approved timeline and budget?
How will we analyze and understand the user requirements, design the solution, build it, and ensure that it meets the desired outcome and expected quality standards?
What tools and technologies will we be using?
What will the project team look like?
How will they collaborate with other stakeholders on a day-to-day basis?
How can we make the project team most effective and efficient?
How do we roll out the product to the end-users and operations teams?
What is our plan for organizational readiness, people change management, user adoption, and training?
Who is in charge of this?
How can we ensure it is an integral part of the project throughout delivery and not only at the end?

These are some questions for Project managers and sponsors to consider as they embark on a new project. I hope you find this useful. Please share your experiences and thoughts about other key questions I may have missed.

FAQ’s

What are the 3 P’s of Project Management?

The 3 P’s of Project Management are People, Process, and Product.

What is the importance of People in Project Management?

People are the most essential component of any project. Having the right people on the team with the necessary skills and expertise to achieve the project goals is important. Effective communication, collaboration, and leadership are also critical for project success.

What is the importance of Process in Project Management?

Process refers to the methodology or framework used to manage a project. It includes planning, executing, and controlling project activities to achieve the desired outcomes. A well-defined and structured process helps ensure the project is completed on time, within budget and meets the quality standards.

How do the 3 P’s work together in Project Management?

The 3 P’s of Project Management work together to ensure project success. People are needed to execute the process and deliver the product. The process provides the structure and methodology for managing the project and ensuring the product meets the requirements. The product is the result delivered by the people using the process.

How can the 3 P’s be used to identify project risks?

The 3 P’s can identify project risks by examining each component and identifying potential areas of concern. For example, risks related to people may include turnover, skill gaps, or communication issues. The process’s risks may include scope creep, lack of project management methodology, or inadequate monitoring and control. Risks related to the product may consist of technical challenges, unclear requirements, or customer dissatisfaction.

How can the 3 P’s be used to improve project performance?

The 3 P’s can be used to improve project performance by identifying areas for improvement in each component. For example, improving the skills and expertise of the team (people) can improve project outcomes. Streamlining the project management process (process) can reduce project delays and cost overruns. Ensuring that the product meets customer requirements (product) can improve customer satisfaction and increase the chances of repeat business.

Tip:

Remember also to leverage the power of project management software like Wrike, Monday.com, Teamwork, Microsoft Project, Asana, and Trello to provide a centralized platform for managing tasks, timelines, and resources. They enable project managers to create schedules, assign tasks, track progress, and collaborate with team members.

Starting off right: Why effective project management is crucial for SMBs

If project management were a person, I’d say…