The Weekly Pulse is my content curation and my highlights from readings, books, podcasts, insights, and everything I discovered during the week.
So, let’s go with some discoveries from the week!
#1 – How Leaders Create and Use Networks
#2 – What Is The Project Management Triangle & How To Manage It
#3 – An Agile Approach to Budgeting for Uncertain Times
How Leaders Create and Use Networks
Source: Harvard Business Review
Author: Herminia Ibarra and Mark Lee Hunter
Networking is an essential activity for ambitious managers, but it is also one of the most dreaded developmental challenges that aspiring leaders must address.
In this article, the authors describe three distinct but interdependent forms of networking that played a vital role in the transitions of 30 managers they followed over the past two years.
These forms include operational, personal, and strategic networking. The authors explain how a three-pronged networking strategy can become part and parcel of a new leader’s development plan.
What Is The Project Management Triangle & How To Manage It
Source: The Digital Project Manager
Author: Mandy Schmitz
The project management triangle consists of time, cost, and scope and governs all projects.
Any change in one element affects the others, and the triangle helps managers understand these trade-offs.
Project managers must balance the three constraints effectively to manage the triangle, and there are five strategies to do so: defining project goals, analysing and prioritizing activities, monitoring and controlling project progress, effective communication, and managing risk.
An Agile Approach to Budgeting for Uncertain Times
Source: Harvard Business Review
Author: Darrell Rigby, Joost Spits, and Steve Berez
The pandemic has made the budgeting and planning process challenging for companies. Instead of the conventional predict, command, and control approach, companies should focus on learning, adapting, and growing.
Companies should change the purpose of planning and budgeting, shift the focus from financial precision to strategic success, and plan faster and more frequently.
Traditional planning and budgeting have a comfortable certainty built into them, but it’s essential to give that up and focus on what truly creates value.
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