The Joy of Ownership

Who owns your project? Is it the customer? The stakeholders? The project manager? The project sponsor? The one who signs the checks?

Despite semantics about distinctions between “responsibility”, “authority” or “accountability”, the key is performance.  The project team and their performance drives the outcome, and a powerful way to enhance performance is by fostering ownership of the project – not necessarily by profit sharing or company stock – but with psychological ownership.

So effective is psychological ownership, one study shows, that it can boost motivation and productivity even among unmotivated employees with a bad attitude.

PSI’s training encourages ownership from the very start of the project and throughout:

• Teams are actively engaged in planning and scheduling.
• Teams control their schedules provided they meet the deadlines they agreed to.
• Face to face meetings every two weeks encourage dialog and team unity.
• Encouraging communication so that everyone feels they’ve been heard.

Employee ownership is not bestowed or assigned, but developed over time.  With a skilled project manager, even diverse teams can “own” their projects and find professional satisfaction…and a bit of personal satisfaction as well.

That’s what I call The Joy of Ownership.