Four-Factor Model for Effective Project Leadership Competency

Most organizations today recognize that project leadership provides an important role within the organization to ensure that strategic goals are met and that they support the organization’s mission. Rapid change occurs in today’s global economy and companies must act quickly and competently if they are to remain competitive and profitable. Previously, organizations were accustomed to hiring a third-party company when major projects were required to be planned and completed; however, now they no longer need this assistance as most recognize the value of having their own internal project leaders. Change is inevitable in all industries—and strategic change requires a strong leadership style along with all the necessary knowledge, competencies, and skills. Leadership skills are critical to organizations; and knowing how to properly adjust to the varying levels of staff and the industry function takes time and proper technique. Project leadership is becoming more valuable in the workplace, and understanding how to recognize strong project leadership and develop new leaders to effectively lead teams are important to a company’s continuing success and growth in market share. Research shows that the methods and skills for successfully leading teams is a direct reflection of project leadership. The object of this study is to develop an effective model for leadership within a project-based environment. It was found that the factors supporting such leadership competencies can be broken down into four categories: (1) self-leadership, (2) managing others, (3) psychological factors, and (4) environmental factors. These elements can be seen in the Four-factor Model for Effective Project Leadership competency. It was also found that in order to give substance to any of the skills required, a personal leadership philosophy should be created. Drawing information from personal experience and unique challenges, as well as subject literature, the developed model shows a breakdown of the four factors involved and an analysis of each factor. Successful project leadership also places an organization at a competitive position in the market, bringing business value while sustaining overall growth.