Having a fractional COO can be a great asset for businesses, especially when it comes to managing complex projects and initiatives. To ensure that your fractional COO is able to effectively manage these projects, there are a few steps you can take. First, it is important to create a centralized hub for all of your projects. This could be in the form of a project management tool or regular one-on-one meetings.
This will help you keep track of the workload and make sure everything is on track. Second, practice resource capacity planning (RCP). This is closely related to project estimation and can provide you with a plan for your business. Knowing the capacity of your resources can help you meet customer expectations, increase productivity, improve customer service, and reduce costs.
Third, make sure that your fractional COO has access to the right tools and resources. This includes the right software, hardware, and personnel. Having access to the right tools and resources will help your fractional COO manage complex projects more efficiently and effectively. Finally, ensure that your fractional COO has the support they need. This includes providing them with feedback on their performance and offering guidance when needed.
Having the support of their team will help them stay motivated and focused on their tasks. By following these steps, businesses can ensure that their fractional COO is able to effectively manage complex projects and initiatives. With the right tools, resources, and support, businesses can maximize their fractional COO's potential and achieve success.