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Upcoming Webinars

Why do projects fail? Murphy’s law?

Jul 11, 2017 11:00 AM EDT (UTC-4)
PREMIUM webinar

In this culturally rich webinar, the author proposes a new approach to analyze failure in projects: exploring common behavioral issues that leads to failure in management. At the end of this webinar, the attendee will have a clear picture of how behaviors affects the project results, and will visualize the necessary skills to address them.

Practical Real World Benefits Realization Management

Jul 13, 2017 11:00 AM EDT (UTC-4)
PREMIUM webinar

Do you find yourself thinking that this benefits management stuff just seems really complicated and you’re not sure what to do? Then this webinar is for you!

On-demand Webinars

Coaching for Project Managers: Improving Personal Efficiency

by Luis Alberto Caceres Villota
May 30, 2017 | 61:48 | Views: 2,433 | PDUs: 1.00 | Rating: 5.44 / 7

This webinar brings you coaching concepts that will help to apply these concepts on your life to boost your personal efficiency, helping to align your personal goals, priorities, activities and more. These are important concepts for any professional who wants to improve results, not only in the professional life but in the personal life.

Tips for Improving PMOs Value

by Luis Alberto Caceres Villota
May 03, 2017 | 60:35 | Views: 2,445 | PDUs: 1.00 | Rating: 4.78 / 7

In this webinar, the author applies concepts of strategic planning, change management and soft skills development, to provide a practical approach to increase PMO's value, helping to change perceptions such as "being a process cop", to create a culture where the stakeholders understand the value of the project management and become evangelists of the best practices.

Santa Inc. and Business Benefits Strategic Alignment: Should Santa Use Drones?

by David Davis, Rosemary Hossenlopp
December 08, 2016 | 57:16 | Views: 2,975 | PDUs: 1.00 | Rating: 4.93 / 7

Santa has performed an organizational assessment and is considering new portfolio ideas to move into the 21st century. One of the business case "winners" is drone delivery. Let's consider and evaluate the business benefits associated with this business idea. Shall the elves leap to implement this or is project execution caught in the fog of cloud business hype?

PMXPO 2016: The Strategic Impact of Projects; Identify Benefits to Drive Business Results

by Melissa Buchanan Tricia Cabrey Christine Perovich
April 28, 2016 | 62:08 | Views: 6,096 | PDUs: 1.00 | Rating: 5.48 / 7

Regardless of whether they are quantitative or qualitative, when a project’s benefits are managed and realized, an organization ensures that the time, effort and monetary resources invested in projects have the greatest possible business return. Yet far too few organizations have an effective benefits realization management process in place. In fact, many have no benefits management plan at all and are missing an opportunity to understand what would help them increase their rate of project and overall strategic success.

How to be a Business Transformation Leader

by Satish Subramanian
January 11, 2016 | 60:56 | Views: 6,655 | PDUs: 1.00 | Rating: 5.54 / 7

This webinar focuses on what portfolio, program, and project managers can do to lead and drive a business transformation undertaking within their organization to success.

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Blog Insights

Benefits Realization

by David Davis

This blog will look at the practice of benefits realization and how it applies to both Program Management and the overall Portfolio, Program, Project Methodology (as well as Business Analysis and Organizational Change Management)

Save Time With Tools + Templates

Work Stream Tracking Template

deliverable
by Stephane Parent

Large projects often require tracking by work streams. Work streams are the progressive completion of tasks by a specific group or project team. For example, the work streams for a manufacturing facility may include engineering, drafting, procurement, fabrication, quality control and shipping.

Benefits Validation Tracker

deliverable
by Andy Jordan

This tool tracks progress against proposed benefits for all project benefit metrics. It compares commitments/projections made in business cases with the actual outcomes. If your projects have purely objective metrics and you monitor performance over a fixed time period, you may wish to repurpose this template into Excel to take advantage of the calculation ability. For subjective metrics and/or variable time periods, this Word version provides more flexibility and easier tracking.

Learn From Others

Change Is the Norm

by Andy Jordan

As a portfolio-driven approach to project delivery shifts the focus from outputs to benefits, changes become much more common and the organization needs to also shift from a control-based change management environment to a culture that empowers its project teams to make clearly communicated course corrections along the way.

The Business Case, Product and Process

by Klaus Nielsen, MBA, PMI-ACP, PMI-RMP, PMI-PBA, PMP

We all recognize the importance of benefits realization management. But benefits are identified and derived from the business case. Without a realistic business case, benefits realization management is hardly worth the effort. A development process based upon an iterative model and the use of best practices can increase the quality and trustworthiness of the business case.

How to Assess Benefits Capture Readiness

by Michelle MacAdam

How do you verify when your project output is fit for handover to the business or operations team? This article makes the case for assessing benefits capture readiness as part of your transition preparation strategy, and reveals how to do just that.

Delivering Project Results through Service Management

by Andy Jordan

Project management is becoming increasingly focused on benefits. Can service management make a contribution toward improving benefits performance after the project is finished?

Topic Teasers Vol. 91: Calculating Benefits?

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: Recently, my job has expanded to include helping management look into the future to calculate the benefits from investing in a project today. I vaguely remember doing these formulas to get my PMP, but to be honest I have not really used them in an actual project planning situation. Other than just the math, how do these figures help me recommend amounts that can and should be invested toward projects?
A. The economic marketplace is so dependent on stakeholder interpretations of the news and political events that it is impossible to try to predict the value of organizational projects in the future. Since 2011, businesses no longer use the present and future monetary calculations in their strategic planning.
B. When choosing projects, the one which will offer the highest return on investment is always the best one to choose. Financial value, even if it is delayed longer into the future, is always the wisest way for an organization to direct its investment dollars.
C. Present Value (PV) and Future Value (FV) can be used to see how much business value a project can provide to the organization in the future. It allows mathematical calculations to pinpoint amounts rather than just predictions of good “growth” or “return.”
D. There are many types of value for a company to consider. Each project can be focused to lead to whichever type of value is most important to the organization, but only one of four portfolio value categories for projects can be met by a single project.
Pick your answer then Test Your Knowledge!

On Program Management: The End of the PMO

by Eric S. Norman

Let’s face it: In the project/program/portfolio management world, delivering real value seems to be the most elusive aspect of any PMO. And because of this, the PMO seems to be one of the first places organizational leaders look to “right-size” or “optimize,” reducing the impact and potential value PMOs might generate for their organizations.

10 Resolutions to Help You and Your PMO in 2017

by Robert Bulger

’Tis the season for New Year’s resolutions. But instead of gym memberships and bucket lists, what about concentrating this year's resolutions on your PMO? Try this list on for size. It's designed to give you and your PMO a successful, prosperous and benefit realized 2017.

Strategic Project Management: New Skills for the Modern-Day PM

by Ajaykumar Kittur

Developing the business acumen to understand and provide the right feedback to senior leadership to pick and choose the right projects that will help achieve the larger strategic objectives is essential for the modern-day PM. Are you ready for the challenge?

M.A.S.S.I.V.E. Projects for Sustainable Development

by Massimo Longo

Nowadays, executives are called to manage strategic programs and projects that also consider sustainability. To help with this, modern management should make sure that every single project is a M.A.S.S.I.V.E. one.

Managing Benefits Risk

by Andy Jordan

Projects are undertaken to deliver business benefits. How well does our risk management approach support the protection of those benefits?


Ask a Question

Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
Good IIL white paper on benefits realization  Stéphane Parent  Jun 23, 2017 11:43 PM 
PMO effectiveness measurement  Anonymous  Jun 16, 2017 1:42 PM 
If a client tells you that he wants to see how much the project management in the company serves you, what do you think we should do, show him or tell him?  Eduin Fernando Valdes Alvarado  Jun 15, 2017 3:36 PM 
Difference between Scope Management Plan and Requirements Management Plan  Michael Effanga  Jun 14, 2017 4:45 AM 
Documentation of Lessons Learned in Highly Project based companies?  Seif Eldin Soliman  Jun 13, 2017 12:04 PM 
Dúvidas para os MEMBROS DO BRASIL  Rafael Negretti  Jun 11, 2017 10:02 PM 
Strategy Book(s)  Diogo Simoes  May 28, 2017 12:14 PM 
If Waterfall is "Look before you leap" what is Agile?  Tom Connolly  May 26, 2017 12:53 PM  19 
PgMP Exams Preparation  Nuramin Suhadi  May 23, 2017 8:59 PM 
Project Management Lite?  James Stern  May 18, 2017 1:55 AM 
Are there any suggestions for setting up something/anything to deal with lessons learned and best practices?  Ken Bradshaw  May 2, 2017 10:39 AM 
How will Project Management activities be benefited by the peace treaty in Colombia?  George Lewis  Apr 30, 2017 3:29 PM  42 
Maturity Model OPM3 or CMMI?  Diogo Simoes  Apr 27, 2017 6:38 PM 
PMINJ Symposium 2017  Igor Zdorovyak  Apr 27, 2017 12:07 PM 
What role BA have in project for external client?  Vincent Guerard  Apr 27, 2017 8:22 AM 
Virtual Volunteers and Chapter Membership  Stanley Oranika  Apr 25, 2017 1:17 AM 
The organization recognized the need to manage risk and has set up a corporate risk committee, but there seems to be areas the organization is willing to really delve into exploring some of the known  Anonymous  Apr 19, 2017 1:08 PM  10 
I am an Oracle primavera consultant and currently work on project which undergoes scope change from system transformation project to business transformation project. Please help with tools and techn  Sathish Sekar  Apr 14, 2017 11:27 PM 
Corporate Social Responsibility, Sustainable Development, and Sustainability in Business  John Rice  Apr 5, 2017 10:42 PM 
What industry is Project Management?  John Rice  Apr 4, 2017 3:34 AM  32 
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