How to be a successful project owner (without micromanaging)

A deep-dive on project ownership, plus the guiding principles and go-to techniques that will make you a stellar project owner.

Sarah Goff-dupont

Aug 18, 2020 • 12 min read

4.50 (14)

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Management

Project Management

Learning

Communication

Product Ownership

Summary

The article deeply examines the three roles involved in project development, (project ownership, project management, and project sponsorship) that lead to a project that was delivered on time and brings value to both the customers and the stakeholders. The author notes that among the three roles, project ownership is the cornerstone of creating such a project. However, what is the qualities of a good project owner? Let's read to find out plus guiding principles and go-to techniques that will boost your success as a project owner.

Takeaways

Project management implies dealing with the day-to-day operation of a project – that somebody else ultimately controls.
Project ownership suggests a high level of responsibility, both in the sense of accruing credit for success and having to answer for the failure.
Project sponsorship means providing the funds and getting to have your name on the finished product for all the world to see.
The magic ingredient of having a good project that delivers value to both customers and stakeholders requires excellent leadership from a competent project owner.
The project owner assembles the project team and keeps them motivated by helping the team understand the value of the project, listening to their ideas, and offering them chances to deepen their skills.