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This is part 2 of our webinar with Oliver Lehmann.

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The world of project management is undergoing a fundamental change -- a collaborative revolution: Projects that would have been done internally in the past are more and more given to external contractors, who in turn may use subcontractors and sub-subcontractors, building complex project supply networks (PSNs).

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Our focus today is on project performance.

To be precise, it’s on The Practitioner's Handbook of Project Performance: Agile, Waterfall and Beyond. This handbook is the result of the hard work and dedication of more than 35 authors from over 15 countries across four continents. They wrote chapters on pretty much any topic of project performance that you can imagine, and it was all brought together by Mark Phillips.

Mark has been on the program before. That was back in episode 158 and then also 282 and 283 when we spoke about his book reinventing communication, and today it’s project performance.

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Today's topic is project business, which is what you get when companies organize their primary business activities in projects. They are sometimes called project-based, project-driven, or project-centric companies.

In particular, we are introducing The Project Business Study Book. The study book is a free, 118-page introduction to Project Business Management.

Joining us today are Oliver Lehmann and Martin Berneburg from the Project Business Foundation. I'm sure that they can give us a much better definition of what exactly project business is. In particular, we'll learn how it affects us, project managers' required skills when we manage a project that is considered part of project business versus when we manage one that isn't.

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Oliver F. Lehmann, PMP

Today we are going to talk about Project Business and Project Business Management, and if you have no idea what that means then welcome to the club. Cornelius didn't know what either of these terms meant when he heard them for the first time.

But now he does. Thanks to Oliver F. Lehmann.

Oliver wrote the defining book on the topic called Project Business Management (Best Practices in Portfolio, Program, and Project Management). In addition to that, he also founded the Project Business Foundation, and he is our guest today to give us an introduction to project business and project business management.

You will learn what project business is all about, that (surprise!) roughly 50% of all projects that are currently being undertaken in the world are part of project business, we talk about the skills that we PMs need to answer project business challenges, and you’ll come away learning about the number one thing that you should pay particular attention to, when you are involved in project business management and why.