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“The new
‘Greek Project Management’
  Standard ELOT 1429:
       Can it help?”

 Theofanis Giotis, BA, MSc, PMP®,

            President
                                                                  TRN07
                  © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org
                  “PMI” is a registered trade and service mark of the Project Management Institute, Inc.
                  ©2009 Permission is granted to PMI for PMI® Marketplace use only                         1
Olympic Games: A Huge Program!




                © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org
                “PMI” is a registered trade and service mark of the Project Management Institute, Inc.
                ©2009 Permission is granted to PMI for PMI® Marketplace use only                         2
Olympic Games 2004
• The most successfully Games ever!
• 2.500 individual projects under on
  huge program
• Many projects funded by E.U.
• How is “success defined?”
• What about success rates?
                    © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org
                    “PMI” is a registered trade and service mark of the Project Management Institute, Inc.
                    ©2009 Permission is granted to PMI for PMI® Marketplace use only                         3
Olympic Games 2004
• QUIZ for You: How is success
  defined for Olympic Games?
  1.   On budget?
  2.   On time?
  3.   On specs
  4.   On quality?



                     © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org
                     “PMI” is a registered trade and service mark of the Project Management Institute, Inc.
                     ©2009 Permission is granted to PMI for PMI® Marketplace use only                         4
The “Unpunished Corruption”,
 Kathimerini newspaper, article by Nikos Nikolaou!
Project                                          Initial Budget      Final Cost   Over Budget
Olympic Closed Gym                                     2.800.000 €       ?             ?
Panathenian Stadium                                      300.000 €       ?             ?
Olympic Stadium for water polo                         3.500.000 €       ?             ?
Olympic Stadium in Thessaly                           25.100.000 €       ?             ?
Stadium of Peace and friendship                        3.000.000 €       ?             ?
Olympic center for Canoe and Kayak                     8.500.000 €       ?             ?
Olympic center for Tennis                             12.300.000 €       ?             ?
Olympic Gym of Nikea, Weight Lifting                  12.000.000 €       ?             ?
Patra’s Olympic Stadium                                1.100.000 €       ?             ?
Olympic Gymnasium at Galatsi                          13.700.000 €       ?             ?
Olympic Shooting Center, Markopoulo                   12.000.000 €       ?             ?
Olympic Center of Rowing, Sxinias                     25.400.000 €       ?             ?
National Stadium of Crete                             38.100.000 €       ?             ?
Olympic Kaftatzogleio Stadium, Salonica                1.100.000 €       ?             ?
House of Weight Lifting                               32.300.000 €       ?             ?
Olympic Center for Sail boating                       22.600.000 €       ?             ?
Olympic Center for Sail boating , Agios Kosmas        16.500.000 €       ?             ?
Olympic Baseball Center                               18.700.000 €       ?             ?
Olympic Stadium                                        3.100.000 €       ?             ?
TOTALS                                             252.100.000 €         ?             ?

    http://news.kathimerini.gr/4dcgi/_w_articles_columns_100089_03/03/2007_218079
The “Unpunished Corruption”,
 Kathimerini newspaper, article by Nikos Nikolaou!
Project                                          Initial Budget      Final Cost       Over Budget
Olympic Closed Gym                                     2.800.000 €      8.000.000 €          186%
Panathenian Stadium                                      300.000 €     11.500.000 €        3.733%
Olympic Stadium for water polo                         3.500.000 €     22.500.000 €          543%
Olympic Stadium in Thessaly                           25.100.000 €     51.400.000 €          105%
Stadium of Peace and friendship                        3.000.000 €     29.700.000 €          890%
Olympic center for Canoe and Kayak                     8.500.000 €     37.100.000 €          336%
Olympic center for Tennis                             12.300.000 €     47.500.000 €          286%
Olympic Gym of Nikea, Weight Lifting                  12.000.000 €     49.000.000 €          308%
Patra’s Olympic Stadium                                1.100.000 €     45.200.000 €        4.009%
Olympic Gymnasium at Galatsi                          13.700.000 €     60.500.000 €          342%
Olympic Shooting Center, Markopoulo                   12.000.000 €     60.600.000 €          405%
Olympic Center of Rowing, Sxinias                     25.400.000 €     76.300.000 €          200%
National Stadium of Crete                             38.100.000 €     63.700.000 €           67%
Olympic Kaftatzogleio Stadium, Salonica                1.100.000 €     67.900.000 €        6.073%
House of Weight Lifting                               32.300.000 €     80.800.000 €          150%
Olympic Center for Sail boating                       22.600.000 €    110.400.000 €          388%
Olympic Center for Sail boating , Agios Kosmas        16.500.000 €    118.500.000 €          618%
Olympic Baseball Center                               18.700.000 €    200.400.000 €          972%
Olympic Stadium                                        3.100.000 €    399.000.000 €       12.771%
TOTALS                                             252.100.000 € 1.540.000.000 €            511%

    http://news.kathimerini.gr/4dcgi/_w_articles_columns_100089_03/03/2007_218079

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Athens-2004-olympic-games

  • 1. “The new ‘Greek Project Management’ Standard ELOT 1429: Can it help?” Theofanis Giotis, BA, MSc, PMP®, President TRN07 © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2009 Permission is granted to PMI for PMI® Marketplace use only 1
  • 2. Olympic Games: A Huge Program! © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2009 Permission is granted to PMI for PMI® Marketplace use only 2
  • 3. Olympic Games 2004 • The most successfully Games ever! • 2.500 individual projects under on huge program • Many projects funded by E.U. • How is “success defined?” • What about success rates? © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2009 Permission is granted to PMI for PMI® Marketplace use only 3
  • 4. Olympic Games 2004 • QUIZ for You: How is success defined for Olympic Games? 1. On budget? 2. On time? 3. On specs 4. On quality? © Copyright 2007, Theofanis.Giotis@PMI-GREECE.org “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2009 Permission is granted to PMI for PMI® Marketplace use only 4
  • 5. The “Unpunished Corruption”, Kathimerini newspaper, article by Nikos Nikolaou! Project Initial Budget Final Cost Over Budget Olympic Closed Gym 2.800.000 € ? ? Panathenian Stadium 300.000 € ? ? Olympic Stadium for water polo 3.500.000 € ? ? Olympic Stadium in Thessaly 25.100.000 € ? ? Stadium of Peace and friendship 3.000.000 € ? ? Olympic center for Canoe and Kayak 8.500.000 € ? ? Olympic center for Tennis 12.300.000 € ? ? Olympic Gym of Nikea, Weight Lifting 12.000.000 € ? ? Patra’s Olympic Stadium 1.100.000 € ? ? Olympic Gymnasium at Galatsi 13.700.000 € ? ? Olympic Shooting Center, Markopoulo 12.000.000 € ? ? Olympic Center of Rowing, Sxinias 25.400.000 € ? ? National Stadium of Crete 38.100.000 € ? ? Olympic Kaftatzogleio Stadium, Salonica 1.100.000 € ? ? House of Weight Lifting 32.300.000 € ? ? Olympic Center for Sail boating 22.600.000 € ? ? Olympic Center for Sail boating , Agios Kosmas 16.500.000 € ? ? Olympic Baseball Center 18.700.000 € ? ? Olympic Stadium 3.100.000 € ? ? TOTALS 252.100.000 € ? ? http://news.kathimerini.gr/4dcgi/_w_articles_columns_100089_03/03/2007_218079
  • 6. The “Unpunished Corruption”, Kathimerini newspaper, article by Nikos Nikolaou! Project Initial Budget Final Cost Over Budget Olympic Closed Gym 2.800.000 € 8.000.000 € 186% Panathenian Stadium 300.000 € 11.500.000 € 3.733% Olympic Stadium for water polo 3.500.000 € 22.500.000 € 543% Olympic Stadium in Thessaly 25.100.000 € 51.400.000 € 105% Stadium of Peace and friendship 3.000.000 € 29.700.000 € 890% Olympic center for Canoe and Kayak 8.500.000 € 37.100.000 € 336% Olympic center for Tennis 12.300.000 € 47.500.000 € 286% Olympic Gym of Nikea, Weight Lifting 12.000.000 € 49.000.000 € 308% Patra’s Olympic Stadium 1.100.000 € 45.200.000 € 4.009% Olympic Gymnasium at Galatsi 13.700.000 € 60.500.000 € 342% Olympic Shooting Center, Markopoulo 12.000.000 € 60.600.000 € 405% Olympic Center of Rowing, Sxinias 25.400.000 € 76.300.000 € 200% National Stadium of Crete 38.100.000 € 63.700.000 € 67% Olympic Kaftatzogleio Stadium, Salonica 1.100.000 € 67.900.000 € 6.073% House of Weight Lifting 32.300.000 € 80.800.000 € 150% Olympic Center for Sail boating 22.600.000 € 110.400.000 € 388% Olympic Center for Sail boating , Agios Kosmas 16.500.000 € 118.500.000 € 618% Olympic Baseball Center 18.700.000 € 200.400.000 € 972% Olympic Stadium 3.100.000 € 399.000.000 € 12.771% TOTALS 252.100.000 € 1.540.000.000 € 511% http://news.kathimerini.gr/4dcgi/_w_articles_columns_100089_03/03/2007_218079