Usually organizations use both the financial and non-finical criteria to select a project(s) and prioritize them according the organization's strategic plan and objectives, business value.
-It is RECOMMENDED to get the project manager to contribute/share/get this information.
-To have big idea why such project have been chosen among others.
-To have know this project was selected because it is aligned with business plan& strategy.
-Such participation will yield a good leading with his team at the (micro management phase).
-Finally to have:-
- a benefit measurement method (comparative approach)
-constraint optimization method (mathematically approach)
-and economic model (PV, ,NPV,payback period, ...)
BR,
Mansour
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1 reply by Pench Batta
Oct 17, 2018 5:59 PM
Pench Batta
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Excellent points, Mansour!
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Tamer Zeyad SadiqAssistant Cost Manager| Turner & TownsendRiyadh, Ar Riyad, Saudi Arabia
He should be a good business analysis and economic analysis!!!!
depends on when a PM is normally engaged. In some companies, this would happen only after project selection & prioritization had happened. In others, especially those where PMs are reporting within a line of business rather than a PMO of some kind, the PM might support the sponsor to develop the (pre-approval) business case.
How can a PM be involved if the project hasn't been selected yet?
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1 reply by Pench Batta
Oct 17, 2018 6:04 PM
Pench Batta
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Sante, I have seen some organizations assign project managers in the selection process. He/She may be working in different projects but to get expert's advice on the project selection, project managers will involve in the selection process.
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Anton OosthuizenSenior Business Analyst / Project Manager| Self EmployedPretoria, Gauteng, South Africa
What Sante is eluding to is that the PM is usually only assigned once the project has been approved. It is very rare, I've never been in that position as PM, where the PM has any involvement in the business case and project selection/feasibility.
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1 reply by Pench Batta
Oct 17, 2018 6:06 PM
Pench Batta
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Anton, I have seen, in some of the small organizations ask PMs to participate in project selection process. They may or may not become project managers for this project. But suggestions are welcomed.
Pench, Las organizaciones por lo general cuentan con un staff de directores de proyectos, a veces somos convocados para colaborar en la selección de proyectos, no hay duda que todos los proyectos están alineados a la estrategia de negocio. El rol que cumplirá el director de proyecto contribuye al análisis de si cumplirá los diferentes niveles de factibilidad como también de la identificación de riesgos y calidad. Está sobrentendido que el PM debe ser todo un experto en el negocio, en finanzas, en conflictos, negociador, etc. etc.
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1 reply by Pench Batta
Oct 17, 2018 6:02 PM
Pench Batta
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Manuel, thanks for sharing! With the help of google, I am able to translate. Here is the translation.
Organizations usually have a staff of project managers, sometimes we are called to collaborate in the selection of projects, there is no doubt that all projects are aligned to the business strategy. The role that the project manager will fulfill contributes to the analysis of whether it will meet the different levels of feasibility as well as the identification of risks and quality. It is understood that the PM must be an expert in the business, in finance, in conflicts, negotiator, etc. etc.
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Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Choosing a project is usually a business decision. If you happen to be a project manager, you have to take off that hat and put your business manager hat.
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1 reply by Pench Batta
Oct 17, 2018 6:00 PM
Pench Batta
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Stephane, good point. I think most of the times, business managers won't become project mangers.
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Pench BattaEnterprise Lean Agile DevOps Coach /SAFe Program Consultant (SPC6)| Capgemini, Inc.Bentonville, Ar, United States
Oct 17, 2018 12:00 PM
Replying to MANSOUR THABET ALQUBATY
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Usually organizations use both the financial and non-finical criteria to select a project(s) and prioritize them according the organization's strategic plan and objectives, business value.
-It is RECOMMENDED to get the project manager to contribute/share/get this information.
-To have big idea why such project have been chosen among others.
-To have know this project was selected because it is aligned with business plan& strategy.
-Such participation will yield a good leading with his team at the (micro management phase).
-Finally to have:-
- a benefit measurement method (comparative approach)
-constraint optimization method (mathematically approach)
-and economic model (PV, ,NPV,payback period, ...)
