Can software really help save money on projects? Genius Inside's blog claims that it can improve productivity by a quarter. That's an impressive claim, and I wanted to hear if that was really the case. I spoke to Neil Stolovitsy, Senior Solution Specialist, at the company.
Neil, you say on your blog that project management software can improve lost productivity by 25%. How is that?
We arrived at this percentage from various conversations internally as well as feedback from our clients. We also have an ROI calculator which helps us demonstrate the value of project management software to prospects and clients.
The Golden Gate Bridge project that you talk about was brought in under budget and on time. Would software really have improved the outcome that much?
It is important to look at the project within its historical context where no automation of any kind was used. I believe the ability to automate many of the project management (PM) processes employed and the significant increased visibility provided by today's PM software reporting tools would have positively impacted the bottom line and improved the efficiency of the work achieved. So although the project was on time and under budget by the acceptable standards of the year 1916, its success was measured based on the available tools of the time. However, the participants could have achieved even greater success using 21st technology.
How do you feel project management software like Genius can help us save costs on projects?
Most project cost losses result from the inefficient use of time and lack of visibility of project progress and potentially disruptive issues. Genius Project provides a single view that can be accessed anywhere allowing the efficient capture of project details, the elimination of manual processes, and 360 degree visibility into project progress and potential bottlenecks. The Genius Project solution therefore ensures lean project management processes are in place at the start of a project, helps eliminate wasteful activities and allows for project leaders to quickly respond to potential problems that may lead to increased costs in projects.
What are your top tips for cutting costs on projects without compromising quality?
There are several best practices I’d recommend but the most important is to have a solid project governance and business process strategy in place at the outset. Project governance will ensure that project teams follow a proven path to success and will increase the productivity of team members on their assignments while maintaining the quality of the work. Project governance also allows for the development of repeatable processes that will save time and money for future projects. You also want to have a solid business process strategy that has been approved and vetted by all stakeholders at every point within the life cycle of the project. This ensures no stone that can impact the project timeline, budget and ultimate success and quality of the project is left unturned.
More about my interviewee:
Neil Stolovitsky has 10 years of IT experience with end-user, consulting, and vendor organizations, along with extensive expertise in business development, software selection, and channel strategies. Neil is a Senior Solution Specialist with Genius Inside and can be reached at firstname.lastname@example.org