Enterprise Project Management Essential #2
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The second series of the "Enterprise Project Management Essential" seminar held at Microsoft Singapore Auditorium, on 23-Nov-2007. Organized by the EPM Specialist: Systemethod, and sponsored by Microsoft Singapore. The topics including EPM intro, product vision, and Portfolio Management.
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Enterprise Project Management Essential #2
- 7. EPM Components Platform Front-end Services Line of Business Systems
- 8. Core EPM Components Platform Front-end Services Top Management Project Manager Team Member
- 10. EPM Scenario Walkthrough Scenario: Project status tracking Project Schedule Creation Approve Update Progress Update Project Manager Sam (Team Member)
- 25. Create Select Plan Manage PPM Life Cycle Steps Gov Phases Final Approval Baseline Microsoft EPM Solution Portfolio Dashboard Portfolio Optimizer Portfolio Builder Complete Project Request Form 1 st Review 2 nd Review Resource Requirements Business Case Development Cost Estimates Risk Assessment Phase & Milestone Planning Strategic Alignment Assessment 2 1 4 5 6 Benefit Forecasts 3 Portfolio Prioritization Strategic Value Financial Value Risk Value Portfolio Optimization Charting Analysis Constraint Analysis Adv Portfolio Analytics 1 2 3 1 2 3 Portfolio Selection Detailed Planning Develop Project Plan Assign Named Resources Define Interdependencies 1 2 3 Project Tracking Project Tracking Time Reporting 1 3 Issues & Risk Mgmt Document Mgmt 4 5 Team Collaboration 6 Resource Mgmt 2 Portfolio Tracking Change Request Mgmt Status Reporting Portfolio Reoptimization 1 2 3 Completed
- 26. Portfolio Reporting Benefits Realization Successful Organizations Use Both Disciplines Project Management Project Planning Cost Management Resource Management Time Reporting Change Management Issue Management Project Reporting Collaboration Portfolio Management Portfolio Governance Business Case Dev Benefits Forecasting Prioritization / Valuation Portfolio Optimization Adv Portfolio Analytics Capacity Planning Deliver the selected investments and realize the business value Ability to Identify Business Value Potential (Project Portfolio Server 2007) Ability to Realize Business-Value Potential (Project Server 2007) 75% 100% 66% 100% 0% Portfolio Management Project Management 50% Value Realized 50% Value Lost Identify and select the investments that will maximize business value
- 27. Project Portfolio Management I should have thought of this scenario before… Plan the work and work the plan
- 29. Q & A EPM Thank you.
Editor's Notes
- 07/10/11 12:55 © 2004 Microsoft Corporation. All rights reserved. This presentation is for informational purposes only. Microsoft makes no warranties, express or implied, in this summary. The diagram shows the following: Best practice governance phases (Create, Select, Plan, and Manage): A project will pass through these best practice phases throughout its life cycle. PPM Life Cycle Steps: These more granular steps provide more detailed overview of the primary activities and events that a project will complete during its life cycle. For example: In the Create governance phase, a project request is captured and users begin to develop a detailed business case to support the idea. In the Select governance phase, all competing projects within the portfolio are prioritized and optimized against budgetary constraints. This results in selecting a project portfolio that best aligns with the organization’s strategic priorities. In the Plan governance phase, the project managers begin to develop the detailed project plans for each of the selected projects before the project is approved and given a baseline. In the Manage governance phase, the project is tracked to a successful conclusion. The bottom half of the diagram shows the products within the EPM Solution (with particular reference to Office Project Portfolio Server 2007). Notice that in this example the products have been deployed to align with the different governance phases: Office Project Portfolio Server 2007 includes three modules (Portfolio Builder, Portfolio Optimizer, and Portfolio Dashboard). The Portfolio Builder aligns with the Create phase. The Builder’s primary role is to capture the project request and develop high-level or detailed business cases in accordance with defined governance workflows. The Portfolio Optimizer aligns with the Select phase. The Optimizer’s primary role is to prioritize, optimize, and select project portfolios that best align with the organization’s business strategy. The Portfolio Dashboard straddles the Plan and Manage phases. The Dashboard provides executives with visibility and control across their project portfolios. In this deployment example, Office Project Portfolio Server 2007 is used to capture and select project requests. The project is then sent to Project Server to be managed to a successful conclusion. (Note: Project requests can also be captured in Project Web Access and sent to the Portfolio Optimizer module for prioritization and selection.)
- 07/10/11 12:55 © 2004 Microsoft Corporation. All rights reserved. This presentation is for informational purposes only. Microsoft makes no warranties, express or implied, in this summary. Successful organizations require both disciplines. Portfolio Management (supported by Office Project Portfolio Server 2007) starts before and goes beyond traditional Project Management (supported by Office Project Server 2007) and includes the following capabilities: On the front end: Portfolio governance Business case development Benefits forecasting Analytical techniques to prioritize, optimize, and select the portfolio that best aligns with the organization’s strategic priorities. Capacity planning On the back end: Portfolio level reporting Benefits realization Merging these two disciplines forms Project Portfolio Management, which answers the following questions: [Read from slide]