If you believe pursuing projects that align with the organization’s goals and objectives is a good thing--projects that deliver value greater than their cost, and that are focused on creating a path for the organization to achieve a predefined set of outcomes--then you should know about benefits realization management.
Benefits management is slowly becoming a more important part of project selection and execution, but there are still too many inconsistencies in how projected benefits are calculated. Here are two of the common ones.
Join us for our two-day workshop series to help you redefine your PMO and become more business driven, agile and effective! (And earn some PDUs in the process!) Session 1 is "Ready-to-Apply Examples of Business-Driven PMO Success" with Mark Price Perry, who assists with business-driven PMO setup and management; Session 2 is "Deliver Benefits that Matter--From Start to Finish" with Andy Jordan, who helps you succeed by managing the portfolio lifecycle with ideas through to benefits realization; and Session 3 presents "The Impact that Agile can have on a PMO" with Dave Prior, who helps you harmonize project management and agile. Session 4 is an open-space meeting that tackles "Redefining the PMO: Issues, Opportunities, and Breakthrough Thinking". Attendance is limited, so sign up today!
Even the most experienced project managers can benefit from a refresher before initiating the project. If you do not have a line item that says “Project Management Training,” you may have missed the boat and may miss the goals of the project. Every project needs training at some level. Learn how to get your team thinking like project managers.
Addressing the problems inherent in opening new hotels, this paper advocates that hotel owners adopt a complete and well-defined project lifecycle overseen by an experienced project manager. The goals and deliverables for the key phases within this extended new hotel project lifecycle are identified and the main benefits of following this approach are explained. The proposed approach helps optimize the return on investment for each new hotel and maximizes positive cash flows from operations.
Managed projects and delivery it with success demands what is obvious, meaning, ability, technical skills and knows project management process, but it is more than that,, you have to understand the ba ...
Olivier Lazar gave a presentation at the PMI Global Congress EMEA earlier this year and he talked briefly about how to construct your project budget. I wanted to share some of his ideas and some of my ...
I am interested in gaining further deeper knowledge in one of the project mgmt areas. I think RISK MGMT is better option in this case. But not getting a thread to start. I am looking to ge ...
Hi Distinguished members,
Many qualified project managers have learned the required skills to manage their projects individually for achieving number of discrete objectives, but both of project and ...
To improve the program/project leader’s ability to guide the achievement of target benefits, a clear understanding of the interrelationship between Benefits Management and Organizational (Business) Change Management is required. This session explains the Benefits Management process and highlights the linkage between Benefits Management and Change Management activities.
Earned value management is widely valued as a key project management technique. Despite this, it’s not a universally accepted tool for use by project managers. This article questions whether or not EVM is correctly defined as a PM technique. Is there an alternative way of looking at EVM and EVMS, one that may bring better understanding of how they interact--and under what circumstances they can be used in to support project managers?
Curiosity isn't a process, right?! Hmm...not so fast. Let's examine curiosity from the context of an investigation aimed at quenching a thirst for knowledge, and see how curiosity can be a vital and valuable asset to your projects--and your career development.
Question: I know project managers are now going to be more involved in business analysis things, but that doesn’t mean I know how to do that part of the job yet. My manager asked me to narrow down a list of electronic tools to see what would be best for our corporate situation. How do I even start?
Google “software tools for project management.” The product with the highest number of listings in your search page is the best one on the market. Recommend that one.
Ask your local PMI chapter, Agile Alliance chapter or IIBA (International Institute of Business Analysis) chapter board what three products they would recommend. They may also have a list of the vendors that had booths or tables at their last local event.
Software changes rapidly. Try to find the most recently developed software so that you don’t get stuck with outdated code. Always go with the old saying, “The latest created is the greatest created!”
Your management team, with the help of the procurement staff, will probably make the final decision. Use a logical matrix of tool profiles to narrow down the field for what you need in your organization, and then turn the final decision over to them.