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Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
Value of Project Management
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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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  • 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.

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