Value of Project Management
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Workshop from a workshop titled The Value of Project Management

Workshop from a workshop titled The Value of Project Management

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Value of Project Management Presentation Transcript

  • 1. THEVALUE OFPROJECT MANAGEMENTProject Management WorkshopBrandon Olson, PhD
  • 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. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 4. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 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. Project CharacteristicsKerzner, 2009Specific Objective withDefined SpecificationsDefined Startand End DatesFunding LimitationsConsume Human andNonhuman ResourcesMultiple Disciplines
  • 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. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 9. Projects Enable ChangeAB
  • 10. Project SourcesIncrease Revenue(expand services)Reduce ExpensesDirectiveNew product/servicesMarket ExpansionIncreased ScalabilityProcess ImprovementDecision MakingGovernment ComplianceSelf-ImposedCompetitive Standards
  • 11. Increased Demand for Projects•Compression of the Product Life Cycle•Global Competition•Knowledge Explosion•Corporate Downsizing•Increased Customer Focus
  • 12. Why Projects?Kerzner, 2009Top MgtPolicyMiddle MgtPlanningSupervisorSchedulingLaborersOperationsManagement Gaps Functional Gaps
  • 13. Why ProjectsOperational Islands
  • 14. Why Projects?
  • 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. 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. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 18. ProjectTeam and StakeholdersProjectChampionProjectOwner/Sponsor(client)ProjectManagerProjectTeam(Multidisciplinary Specialists)Customers(Recipients of Outcomes)
  • 19. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 20. Project ManagementScopeTimeCostProjectManager
  • 21. Project Success• Delivered 100% functionality• On time• Within Budget
  • 22. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 23. Project Maturity – Chaos Report0%10%20%30%40%50%60%Successful Challenged Failed199419961998200420092011Gale (2011)
  • 24. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 25. Project Management ProcessInitiatePlanExecuteMonitor & ControlCloseTimePMI (2008)
  • 26. Project Management ProcessInitiatePlanExecuteMonitor & ControlCloseTime PMI (2008)
  • 27. Agenda• Definitions• Purpose of Projects• ProjectTeams• Purpose of Project Management• Project Management Maturity• Project Management Process• Tools for Project Management Practice
  • 28. ToolsInitiatePlanExecuteMonitor & ControlCloseTimeProject CharterWork ScheduleIssue LogRisk RegisterProject SurveyProgress Report
  • 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.