PROJECT
MANAGEMENT
BENEFITS
INVESTMENTS
The customer’s goal is to create revenue.
Projects are investments.
Projects are investments.
It can be a hotel, a web site,
the launching a new product in the market;
an airport, a new book...
The client invested money to achieve a specific goal by:
• Solving a problem,
• Covering an existing need
• Improving the ...
a simple project...
a simple project...
with simple requirements
• Duration: 4 months
• Budget: $25,000
• Resources availability: 100%
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
01 02 03 04 05 06 07 08 09
Budgeted cost $25,000
(distributed per month)
Planned duration: 4months
time (months)
cost$
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability:...
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability:...
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability:...
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability: 100%
Budgeted cost $25,00...
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability: 100%
Budgeted cost $25,00...
*spend some time to consider the project as completed. What would you(like to)
read on the closing report?
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability: 100%
Budgeted cost $25,00...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
Budgeted cost compared ...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
Budgeted cost compared ...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
Budgeted cost compared ...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Budgeted cost compared to
actual cost per month.
...
The paradox:
People tend to take for granted the processes that lead
projects to achieve successfully all the initial requ...
The paradox:
People tend to take for granted the processes that lead
projects to achieve successfully all the initial requ...
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability:...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
2 more months required
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
2 more months required
...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 4 months
2 more months required
...
01 02 03 04 05 06 07 08 09
COSMOS PROJECT MANAGEMENT
time (months)
cost$
Planned duration: 4months
Budgeted cost compared
...
“Houston, we have a problem”.
To understand the importance of a project for the
customer, think as you are the customer.
The investment goes further tha...
To understand the importance of a project for the
customer, think as you are the customer.
The investment goes further tha...
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost$
Resources availability:...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 3months and 2weeks
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 3months and 2weeks
Budgeted cost...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 3months and 2weeks
Budgeted cost...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Actual duration: 3months and 2weeks
Budgeted cost...
01 02 03 04 05 06 07 08 09
time (months)
cost$
Planned duration: 4months
Budgeted cost compared
to actual cost per month.
...
Delivering early and under budget the project, is the
way to promote the benefits of project management.
Saving time and m...
Delivering early and under budget the project, is the
way to promote the benefits of project management.
Saving time and m...
In early, under budget deliveries, everyone is happy:
the customer, the sponsors, the project team
and many other persons ...
In Brief
In Brief
Projects are
investments.
In Brief
Projects are
investments.
On time delivery can
be CRUSIAL for the
investment.
In Brief
Projects are
investments.
Delays can cause
irreversible problems.
On time delivery can
be CRUSIAL for the
investm...
In Brief
to save time, cost and
resources is an asset.
Applying PM process
Projects are
investments.
Delays can cause
irre...
In Brief
to save time, cost and
resources is an asset.
Applying PM process
Projects are
investments.
Delays can cause
irre...
© All rights reserved - Denise Fotopoulou uk.linkedin.com/in/denisefotopoulou/
Investments - Project management benefits
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Investments - Project management benefits

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A project in an investment and it should be managed as one.

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Investments - Project management benefits

  1. 1. PROJECT MANAGEMENT BENEFITS INVESTMENTS
  2. 2. The customer’s goal is to create revenue. Projects are investments.
  3. 3. Projects are investments. It can be a hotel, a web site, the launching a new product in the market; an airport, a new book or a local gym.
  4. 4. The client invested money to achieve a specific goal by: • Solving a problem, • Covering an existing need • Improving the quality of life It will also create jobs and potentially attract other investors.
  5. 5. a simple project...
  6. 6. a simple project... with simple requirements • Duration: 4 months • Budget: $25,000 • Resources availability: 100%
  7. 7. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months
  8. 8. 01 02 03 04 05 06 07 08 09 Budgeted cost $25,000 (distributed per month) Planned duration: 4months time (months) cost$
  9. 9. COSMOS PROJECT MANAGEMENT 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month)
  10. 10. COSMOS PROJECT MANAGEMENT 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to!
  11. 11. COSMOS PROJECT MANAGEMENT 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to!
  12. 12. 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to!
  13. 13. 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to! You meet here, at this fragile little point…
  14. 14. *spend some time to consider the project as completed. What would you(like to) read on the closing report?
  15. 15. 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to! Reportingfour months anda week later...
  16. 16. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months
  17. 17. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months Budgeted cost compared to actual cost per month.
  18. 18. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months Budgeted cost compared to actual cost per month. The cost remained $25,000 and the are changes only to monthly cost distribution.
  19. 19. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months Budgeted cost compared to actual cost per month. The cost remained $25,000 and the are changes only to monthly cost distribution. The customer can start focusing on ROI!
  20. 20. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Budgeted cost compared to actual cost per month. The cost remained $25,000 and the are changes only to monthly cost distribution. Actual duration: 4 months The customer can start focusing on ROI!
  21. 21. The paradox: People tend to take for granted the processes that lead projects to achieve successfully all the initial requirements.
  22. 22. The paradox: People tend to take for granted the processes that lead projects to achieve successfully all the initial requirements. After applying project management processes and take a look back, you see nothing more than what it should have been done.
  23. 23. COSMOS PROJECT MANAGEMENT 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to! Reportingfour months anda week later...
  24. 24. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months 2 more months required
  25. 25. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months 2 more months required Budgeted cost compared to actual cost per month. More money required to finish the project.
  26. 26. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 4 months 2 more months required Budgeted cost compared to actual cost per month. More money required to finish the project. Delivering with 2 months delay. The customer pays more money and the ROI will delay too.
  27. 27. 01 02 03 04 05 06 07 08 09 COSMOS PROJECT MANAGEMENT time (months) cost$ Planned duration: 4months Budgeted cost compared to actual cost per month. More money required to finish the project. Actual duration: 4 months 2 more months required Delivering with 2 months delay. The customer pays more money and the ROI will delay too.
  28. 28. “Houston, we have a problem”.
  29. 29. To understand the importance of a project for the customer, think as you are the customer. The investment goes further than the project itself.
  30. 30. To understand the importance of a project for the customer, think as you are the customer. The investment goes further than the project itself. Delays on achieving the project objectives, delay the creation of new jobs and opportunities or the pay back of the business loans.
  31. 31. COSMOS PROJECT MANAGEMENT 01 02 03 04 05 06 07 08 09 Planned duration: 4months time (months) cost$ Resources availability: 100% Budgeted cost $25,000 (distributed per month) This is the day the customer is looking forward to! Reportingfour months anda week later...
  32. 32. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 3months and 2weeks
  33. 33. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 3months and 2weeks Budgeted cost compared to actual cost per month.
  34. 34. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 3months and 2weeks Budgeted cost compared to actual cost per month. The project’s cost is $20,000 that means $5,000 under the original budget!
  35. 35. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Actual duration: 3months and 2weeks Budgeted cost compared to actual cost per month. The project’s cost is $20,000 that means $5,000 under the original budget! The customer has already saved money starts focusing on ROI earlier!
  36. 36. 01 02 03 04 05 06 07 08 09 time (months) cost$ Planned duration: 4months Budgeted cost compared to actual cost per month. The project’s cost is $20,000 that means $5,000 under the original budget! Actual duration: 3months and 2weeks The customer has already saved money starts focusing on ROI earlier!
  37. 37. Delivering early and under budget the project, is the way to promote the benefits of project management. Saving time and money, avoiding to waste resources and energy.
  38. 38. Delivering early and under budget the project, is the way to promote the benefits of project management. Saving time and money, avoiding to waste resources and energy. Requires knowledge and experience, but most of all dedication to the project objectives.
  39. 39. In early, under budget deliveries, everyone is happy: the customer, the sponsors, the project team and many other persons for whom this investment will become an opportunity!
  40. 40. In Brief
  41. 41. In Brief Projects are investments.
  42. 42. In Brief Projects are investments. On time delivery can be CRUSIAL for the investment.
  43. 43. In Brief Projects are investments. Delays can cause irreversible problems. On time delivery can be CRUSIAL for the investment.
  44. 44. In Brief to save time, cost and resources is an asset. Applying PM process Projects are investments. Delays can cause irreversible problems. On time delivery can be CRUSIAL for the investment.
  45. 45. In Brief to save time, cost and resources is an asset. Applying PM process Projects are investments. Delays can cause irreversible problems. On time delivery can be CRUSIAL for the investment.
  46. 46. © All rights reserved - Denise Fotopoulou uk.linkedin.com/in/denisefotopoulou/
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