4. Excellence in Journey in Different Entities
Stage Stage Stage
Academia
Business
STARTUP &
Government EMERGING
GROWTH TRANSFORMATION
Society
Self
Stage Outcome
Startup & Emerging Differentiation , Sustenance
Growth Expansion, Diversity
Transformation Leadership
5. Projects are the catalysts for excellence in all stages
Stage Focus
Startup & Right Logical Scope, Cost,
Emerging Projects & grouping of Quality, and
Growth Prioritization interrelated Time
for strategic projects to management of
Transformation
alignment deliver higher a project
value
Project Portfolio Program Project
Management Management Management
6. Business, society, individuals all want to advance
Strategic Objectives
Develop new products /services Enterprises,
Enter new markets Societies,
Implement new ERP system individuals have
strategic objectives
Prepare for SEI/CMM level 5
certification in order to advance
Reengineer Order Processing business in business,
Process livelihood, in
Design, construct new 8 lane highway profession and
Design, build 100% Green House personal life
Plan and complete PgMP certification
7. Projects are means to achieve strategic objectives
Strategic Objectives Projects
Develop new products /services
Enter new markets
Implement new ERP system
Prepare for SEI/CMM level 5
certification
Strategic
Reengineer Order Processing business Objectives are
Process achieved
through work
Design, construct new 8 lane highway
as Projects
Design, build 100% Green House
Plan and complete PgMP certification
8. Strategic: Projects drive business performance
• 600 executives worldwide surveyed by Economist Information
Unit
• “What skill is most important in your staff?”
– Project execution
• “What capability does your organization most need?”
– The ability to implement strategic change
• Two ways of saying the same thing –- because strategic
change is implemented through projects
Project Management
is the Strategic
competence
Source: PMI
9. Strategic: Projects steer the global economy
• More than 20% of gross global product is spent on
fixed capital projects
• Add projects in IT, new product and service
development, and other knowledge work
• 20 million people worldwide work on project
teams full-time or part-time
Source: PMI
10. The Word Is Out
• 50% of project failure
traceable to poor (or no)
project management:
– Bad estimates/deadlines
– Scope changes
– Poor resource planning
• “80% of higher-performing
projects use a certified
project manager
• More innovative
organizations extend
PricewaterhouseCoopers survey, 2007
project thinking to
program and portfolio
management Source: PMI
10
11. PMI Membership Growth
350,000 -An indication of importance 320,388
July 2010
-of Project Management
300,000
• Members in almost 200 countries
250,000
• 250+ geographic chapters
• 30 communities of practice
200,000
150,000
100,000
50,000
0
1975 1985 1995 2005
11 Source: PMI
13. A New Understanding of Value
•3-year, $2.5M study
documented value through
500+ interviews at 65+
organizations worldwide
•Successful PM
implementations must fit
specific organizational
culture, market, risk
tolerance, etc. Source: PMI
14. Three Kinds of Value
• Execution: results, performance, project
success, “on time and on budget”
• Integration: alignment, communication,
breaking down silos, agility
• Learning: change management, innovation,
new product /service /capability /business
process
All three values pay off in high performance
Source: PMI
15. Strategic: Projects transform organizations
• In addition to better business outcomes,
organizations reported indirect value such as:
– Improvements in decision making.
– Enhancement of communications and
collaboration.
– Improvements in effective work cultures.
– Alignment of practices, terminology and
values within the organization.
– Overall effectiveness of the organization
and its management approach.
– Improved transparency, clarity of structure,
roles and accountability.
Source: PMI
16. It All Adds Up in Value
Execution
+ Integration
+ Learning
Real business value
Real organizational value
Real strategic value
Source: PMI
16
17. Value Of Project Management
Value of
Project
Management
Execution Value
Integration Value
Learning Value
General
Personal Enterprise
Societal Value Management
Value Value
Value
18. Value Of Project Management
Personal
Value
Self Confidence
Sense of Achievement
Higher Motivation
19. Value Of Project Management
Enterprise
Value
Organizational Value
Business Value
Strategic Value
Helps implement Change Helps overcome obstacles as:
Increases Agility Unstable Economy
Resource Shortages
Soaring Costs
Increased Complexities
Heightened Competition
Technological Changes
20. Value Of Project Management
Societal
Value
Increased Confidence in
Public and Private initiatives
21. Value Of Project Management
General
Management
Value
Strenghtened functions:
Planning
Organizing
Directing
Controlling
Problem solving
22. Strategic: Illustration of Personal Competency
Wedding Project
Fix the Identify Events Identify Identify Project Setup PMO Identify Track
Muhurat time Pundits Manager and establish Leaders
n&s processes
Identify and Identify Event Identify acco Program Select caterers Select Bands
estimate guests Halls for guests individual & finalize and music
events menus finalize menu
Identify Identify A/V Identify Identify Identify Comm Buy jewelry,
decorators and vendor and photographer logistics V and needs and clothes,
finalize deco finalize tasks and tasks finalize L procure devices gifts,….
Invite guests Formal Closure
Programs, Processes,
People, Products
24. Project Management Continues to Grow Strong
and hence becomes more and more Strategic…
Tools & Techniques
Standards Technology
Project Virtualization
Sustainability Management
Innovation Verticalization
Global
execution,
Diversity
25. Project Management Trends
Project Management becomes specific from :
Professional Standards to
Industry specific to
Company specific to
Unit specific to
Project specific
26. Project Management Trends
Becomes mainstream business process
Process Automation – Framework driven
Frameworks for sale
Project Management Network Services
Integration with Knowledge Management and
Change Management
Global Project Management
27. Project Management Trends
Outsourcing
Components Maturity including PMIS
Academia, Business, Government, Society, Self
embrace immensely
Enterprises will be evaluated on Execution
Enterprise PMO will gain prominence
28. Project Management Trends
Art component decreases while science component
increases
Innovation and creativity will drive new dimensions
30. The Project Management Institute (PMI)
www.pmi.org
• Leading Project Management association -
founded by working project managers to
share experience and best practices
• Not for profit, volunteer-driven
• 500, 000 members+ credential holders around
185 countries
• Offices in North America, Europe, Singapore,
India, China and Australia
30
Source: PMI
31. PMI’s Core Purpose
Advance science and practice of Project
Management globally in a consistent way
Serve practitioners and organizations with:
• Standards that describe good practices
• Globally recognized credentials that certify
project management expertise
• Resources for professional development,
networking and community Source: PMI
31
33. PMI Research
• PMI supports the most extensive research program
in the profession
–More than 350 publications to date
–16 projects currently under way
Source: PMI
33
34. PMI Family of Credentials
• Certified Associate in Project Management (CAPM®)
• Scheduling Professional (PMI-SP®)
• Risk Management Professional (PMI-RMP®)
• Project Management Professional (PMP®)
• Program Management Professional (PgMP®)
34
Certificate In Agile announced Source: PMI
35. Sustainability
• The foundation of corporate social
responsibility (CSR)
– Ethical and professional
responsibilities of project managers
– Look at dependencies beyond the
“iron triangle”
– Foster transparency and
accountability
– Not just corporations but all
organizations… PMI included!
Source: PMI
35
37. PMI’s Envisioned Goal
Worldwide, organizations will
embrace, value and utilize
project management,
and attribute their success to it.
Making project management indispensable
for business results.®
Source: PMI
37
38. This way, we will be moving from rhyme
Jack and Jill went up the hill
To fetch a pail of water
Jack fell down and broke his crown
And Jill came tumbling after.
39. to theme – with Project Management
Jack could have avoided this awful lump
By a project approach and using best practices
Like installing a pipe and a big pump
And handing Jill the invoices.
Adopted from
Project Management: A Systems Approach to Planning,
Scheduling, and Controlling - 2nd Edition by Dr. Harold Kerzner,
