Project Management in a Privately-Owned Insurance Company

QUESTION

Read the following scenario and address the steps that follow.

As an independent project manager, you have just been hired by the president of a privately-owned insurance company that has 200 employees and has been in the family for three generations. The current leadership of the company has grown up in the business, has little background in project management, and is largely absentee.

The project you have been hired to turn around is one that was started 18 months ago and was managed by the then-director of customer service, who, after 20 years, has left for another opportunity. This project, like other projects at the company, is floundering. It is already six months behind schedule and over budget, and it lacks commitment from the four other functional groups who are key stakeholders: sales, accounting, IT, and order processing. The project you are charged with getting back on track and completing is for a new customer service system that is projected to create efficiencies, automate call center functions, and increase the quality of customer service.

Use this scenario to address the following.

  1. Assess two reasons why the previous manager may not have been the right person to run this project. The previous manager was the director of customer service who knew her department well, but she had no project management experience.
  2. Determine the type of power you will likely have as an independent PM leading this project and requiring input and fractional resources from various other departments.
  3. Identify the key person in the company who must actively and fully support you and the project for the project to succeed.
  4. Describe the leadership style you will choose to practice as project manager.
  5. Summarize the steps you will take to reform the team and name the type of team culture (using the Human Synergistics Circumplex) you will try to develop.

Format your assignment consistent with APA guidelines. Make sure you provide a paper that has an intro, body and conclusion, addressing the items below in the body of the paper.

ANSWER

Project Management in a Privately-Owned Insurance Company

Introduction

In this scenario, I have been hired as an independent project manager to turn around a troubled project within a privately-owned insurance company. The project involves implementing a new customer service system with the aim of creating efficiencies, automating call center functions, and improving the quality of customer service. The previous project manager, who was the director of customer service, lacked project management experience, which has contributed to the project’s delays and budget overruns. In this essay, I will address various aspects of this project, including the reasons why the previous manager may not have been the right fit, the type of power I will have, the key supporter, my leadership style, and team reform strategies.

Reasons for the Previous Manager’s Inadequacy

The previous manager’s lack of project management experience is a significant reason why she may not have been the right person to lead this project. Firstly, project management requires a distinct skill set that includes planning, scheduling, risk management, and stakeholder engagement, which the director of customer service may not have possessed. Secondly, her deep knowledge of the customer service department may have led to a narrow focus on that area, neglecting the holistic view required for successful project management. These limitations could have contributed to the project’s current state of delay and budget overrun.

Type of Power as an Independent Project Manager

As an independent project manager, my power is likely to be based on expert power. Expert power derives from my knowledge and experience in project management, which I will use to guide the project to success. I will also have some degree of legitimate power granted by the president of the company, who has hired me for this specific role. However, my ability to influence and lead will primarily rely on my expertise and the trust I can build with stakeholders.

Key Person for Project Success

The key person in the company who must actively and fully support me and the project for it to succeed is the president of the company. As the individual who hired me and recognized the need for external expertise, their commitment and endorsement of the project are crucial for securing necessary resources, breaking down organizational barriers, and ensuring that all functional groups cooperate.

Leadership Style

To effectively manage this project, I will adopt a transformational leadership style. Transformational leaders inspire and motivate their teams by providing a compelling vision and fostering innovation. Given the project’s challenges, I will need to inspire commitment and enthusiasm from the functional groups involved. Transformational leadership will enable me to create a shared vision for the project, motivate employees to embrace change, and empower them to contribute their best efforts.

Team Reform and Culture

To reform the team, I will take the following steps:

Assess Current Team Dynamics: Understand the strengths and weaknesses of the current team members and identify gaps in skills and knowledge.

Establish Clear Goals: Define the project’s objectives, roles, and responsibilities, ensuring that each functional group understands their contribution.

Enhance Communication: Implement regular communication channels to keep stakeholders informed about project progress and challenges.

Training and Skill Development: Provide necessary training and resources to team members to bridge skill gaps.

Reward and Recognition: Implement a reward system to recognize and incentivize exceptional performance.

Foster Collaboration: Encourage cross-functional collaboration and teamwork to break down silos.

Human Synergistics Circumplex: Aim to develop a Constructive culture within the team, characterized by open communication, trust, and collaboration. This will help align team values and behaviors with project goals, fostering a positive work environment.

Conclusion

In summary, as an independent project manager tasked with turning around a troubled project in a privately-owned insurance company, I will leverage my expert power, transformational leadership style, and the support of the company president to lead the project to success. By addressing the shortcomings of the previous manager, securing executive sponsorship, and fostering a Constructive team culture, I aim to overcome challenges and deliver a new customer service system that meets the company’s objectives.

 

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