We often discuss how to manage projects, but we overlook an essential step: proving project value. Proving project value ensures that organizational strategies are aligned with project objectives.
In this hour-long webinar, project manager and leadership consultant Priscilla Bahrey will explain how proving project value before and after a project is critical to realizing the project benefits.
Between this slide and next, the priority ranking system needs to be explained so that the upcoming exercise runs smoothly.
This slide presents a quick review. Students will use this priority ranking system in the upcoming exercise.
The point to emphasize is that stakeholders cannot tell the project manager that every aspect of the project is of equally high priority. The scale forces stakeholders to prioritize the constraints that are of most importance to them.
Prog std - 37
Introduce the term milestones. Milestones are reporting increments. Some are natural, but others are artificially created in order to encourage reporting.
Many milestones relate to decision points, which are opportunities for key stakeholders to be involved in decision making. The change control system also introduces decision points where stakeholder involvement is required.
The term decision point is synonymous with decision gate.
The term “lessons learned” is the catchall phrase for any technique that helps an organization to capture the benefits of experience gained on projects.
Lessons learned that are recorded and taken advantage of can save a huge amount of expense on future projects. By capturing lessons learned, organizations develop their project management expertise.
From an organizational perspective, learning from experience means integrating the lessons learned into procedures and practices so that others can benefit from the experience.
The ultimate purpose of change is to contribute to the organization’s cont. growth and to sustain its competitive advantage.