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THEVALUE OFPROJECT MANAGEMENTProject Management WorkshopBrandon Olson, PhD
Purpose•Defineprojects and project management•Describethe project management phases and activities•Determinethe organizati...
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
Definitions of Project Management• "...a complex, non-routine, one-time effort limited by time, budget, resources, andperf...
Project CharacteristicsKerzner, 2009Specific Objective withDefined SpecificationsDefined Startand End DatesFunding Limitat...
Operations vs. ProjectsOperations ProjectsTaking notes in class Writing a research paperRecording sales into ledger Settin...
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
Projects Enable ChangeAB
Project SourcesIncrease Revenue(expand services)Reduce ExpensesDirectiveNew product/servicesMarket ExpansionIncreased Scal...
Increased Demand for Projects•Compression of the Product Life Cycle•Global Competition•Knowledge Explosion•Corporate Downs...
Why Projects?Kerzner, 2009Top MgtPolicyMiddle MgtPlanningSupervisorSchedulingLaborersOperationsManagement Gaps Functional ...
Why ProjectsOperational Islands
Why Projects?
Increase in Projects• Between 2010 and 2020 there will be 15.5 million new projectmanagement jobs globally with 2,348,830 ...
Value of Project Management• 2012 PriceWaterhouseCoopers Survey (PMI, 2013b)• 97% consider project management critical to ...
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
ProjectTeam and StakeholdersProjectChampionProjectOwner/Sponsor(client)ProjectManagerProjectTeam(Multidisciplinary Special...
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
Project ManagementScopeTimeCostProjectManager
Project Success• Delivered 100% functionality• On time• Within Budget
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
Project Maturity – Chaos Report0%10%20%30%40%50%60%Successful Challenged Failed199419961998200420092011Gale (2011)
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
Project Management ProcessInitiatePlanExecuteMonitor & ControlCloseTimePMI (2008)
Project Management ProcessInitiatePlanExecuteMonitor & ControlCloseTime PMI (2008)
Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Projec...
ToolsInitiatePlanExecuteMonitor & ControlCloseTimeProject CharterWork ScheduleIssue LogRisk RegisterProject SurveyProgress...
References• Gale, S. (2011). Failure rates finally drop. PM Network, 25(8), 10-11.• Gray, C.F., & Larson, E.W. (2008). Pro...
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Value of Project Management

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Transcript of "Value of Project Management"

  1. 1. THEVALUE OFPROJECT MANAGEMENTProject Management WorkshopBrandon Olson, PhD
  2. 2. Purpose•Defineprojects and project management•Describethe project management phases and activities•Determinethe organizational value of effective projectmanagement practices•Developa plan to create a formalized projectmanagement practice
  3. 3. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  4. 4. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  5. 5. Definitions of Project Management• "...a complex, non-routine, one-time effort limited by time, budget, resources, andperformance specifications designed to meet customer needs(Gray & Larson, 2008)• "...a temporary endeavor undertaken to create a unique product, service, orresult.“ (PMI, 2008)One-Time
  6. 6. Project CharacteristicsKerzner, 2009Specific Objective withDefined SpecificationsDefined Startand End DatesFunding LimitationsConsume Human andNonhuman ResourcesMultiple Disciplines
  7. 7. Operations vs. ProjectsOperations ProjectsTaking notes in class Writing a research paperRecording sales into ledger Setting up sales kiosk for conventionPracticing a musical instrument Writing a new piece of musicManufacturing the iPhone Designing the new OSAttaching sales tags to merchandise Implementing a new RFID systemAdapted from Gray & Larson, 2008
  8. 8. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  9. 9. Projects Enable ChangeAB
  10. 10. Project SourcesIncrease Revenue(expand services)Reduce ExpensesDirectiveNew product/servicesMarket ExpansionIncreased ScalabilityProcess ImprovementDecision MakingGovernment ComplianceSelf-ImposedCompetitive Standards
  11. 11. Increased Demand for Projects•Compression of the Product Life Cycle•Global Competition•Knowledge Explosion•Corporate Downsizing•Increased Customer Focus
  12. 12. Why Projects?Kerzner, 2009Top MgtPolicyMiddle MgtPlanningSupervisorSchedulingLaborersOperationsManagement Gaps Functional Gaps
  13. 13. Why ProjectsOperational Islands
  14. 14. Why Projects?
  15. 15. Increase in Projects• Between 2010 and 2020 there will be 15.5 million new projectmanagement jobs globally with 2,348,830 of these located in theUS (PMI, 2013a)74,900 347,820 120,0708,153,340153,2303,975,650387,56012,670 18,000 177,1202,348,8300100000020000003000000400000050000006000000700000080000009000000New Openings
  16. 16. Value of Project Management• 2012 PriceWaterhouseCoopers Survey (PMI, 2013b)• 97% consider project management critical to businessperformance• 94% believe project management enables growth• 54% feel their organization fully understands the value ofproject management• 6% have a project management-relatedrole at the C-level
  17. 17. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  18. 18. ProjectTeam and StakeholdersProjectChampionProjectOwner/Sponsor(client)ProjectManagerProjectTeam(Multidisciplinary Specialists)Customers(Recipients of Outcomes)
  19. 19. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  20. 20. Project ManagementScopeTimeCostProjectManager
  21. 21. Project Success• Delivered 100% functionality• On time• Within Budget
  22. 22. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  23. 23. Project Maturity – Chaos Report0%10%20%30%40%50%60%Successful Challenged Failed199419961998200420092011Gale (2011)
  24. 24. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  25. 25. Project Management ProcessInitiatePlanExecuteMonitor & ControlCloseTimePMI (2008)
  26. 26. Project Management ProcessInitiatePlanExecuteMonitor & ControlCloseTime PMI (2008)
  27. 27. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  28. 28. ToolsInitiatePlanExecuteMonitor & ControlCloseTimeProject CharterWork ScheduleIssue LogRisk RegisterProject SurveyProgress Report
  29. 29. References• Gale, S. (2011). Failure rates finally drop. PM Network, 25(8), 10-11.• Gray, C.F., & Larson, E.W. (2008). Project management:The managerial process (4thed.). Boston, MA: McGraw Hill.• Kerzner, H. (2009). Project management: A systems approach toplanning, scheduling, and controlling. NewYork, NY: Wiley.• Project Management Institute (2008). A guide to the project management body ofknowledge (4th ed.). Newtown Square: PA:Author.• Project Management Institute (2013a). Project management talent gap report.Newtown Square, PA: Author.• Project Management Institute (2013b). Pulse of the profession:The high cost of lowperformance. Newtown Square, PA: Author.
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