The Value Triple Constraint: Project Value Left Behind
Value may be the most overused word in presentations. And for good reason. Delivering business value is what a project is about. But what about the value left behind? What if we should have delivered twice as much or even ten times as much? Who is monitoring what’s left behind? How can we measure the impact of a decision on value delivered AND on value left behind? What if the value left behind represents a greater opportunity that dwarfs any potential gain from improving individual project delivery. We’ll explore how the function of the PMO can be revitalized with the use of the VTC in identifying Programs and Portfolios that more accurately reflect strategic business intent. The Value Triple Constraint™ helps us to truly use projects to deliver measurable value by thinking outside the project in addition to executing inside the project. The VTC expands the role of project thinking and connects projects directly to an organization’s strategy. It provides a new role for the PMO as a Performance Management Office, an enabling role as compared to one of control & compliance role. The Value Triple Constraint™ is a valuable tool for the business manager, the project manager, and the PMO.
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