Fast cahanges in business environment cause changes in project management. Here are 8 trends in project management

1. Project Management Conference for Top Management 11.1.11 Project Management New Trends Dvir Zohar – Simple CEO www.rbsprojects.co.il

3. Business orientation

4. Smooth implementation

5. Fast ROI

6. Simple solutionsMethodology We supply a full project management solution Tools Training Project Management Office (PMO) Project managers www.simplesolutions.co.il

7. The world is moving on and on Technology Complexity e- commerce Venture Capital M&A The world is flat

8. tHE fast changes Brought many adjustments INto project management Eight main trends in project management in the world and in Israel

9. Global Project Management Trend 1 – Global Project Management Benefits are high – Low cost, ability to expand, maintenance activities If you know how to manage them World wide competitors enjoy these benefits

10. Understanding Culture Differences is not Enough GeertHofstede™ Cultural Dimensions - UAI Process, Process, Process (and PMO) Recruitment, Planning, monitoring, , deliveries, scope management, HR activities, training for TL, IT….

11. Trend 2 – Risk Management In the world – about 1% of annual sales In Israel – 0.0?% (we are too busy in fire's extinguishing )

12. The main challenge – Project Manager is optimistic They don’t see all risks They underestimate the risks They are sure that they will succeed to overcome the risks if/and when they will appear RM takes time and money Project managers don’t invest enough time in RM

13. Risk Management Levels Simple/small projects (M’s$) - a point model Complex/large projects – a range model Complex & large – Full simulations 4 7 Probability 6 5 3 1 2 Damage level

14. Quantitative risk analysis using Monte Carlo simulations What will happen if certain risks occur? 47% to achieve target Probability Duration (months)

15. RM requires processes & resources Organizational risk methodology Enterprise tools RMO (Risk Management Office) Risk reviews Training

16. Trend 3 – Project Portfolio Management

17. Trend 4 – ROI Calculations (Value Management)

18. ROI is much more then Go/No Go Management can direct the development Realistic budget Valuable features Risks Key success factors Alternatives High Competitor 1 WE Competitor 2 Low

19. Trend 5 – Agile Elements are Part of Project Management

20. Trend 7 - Lightweight PM

21. Six Lightweight Lessons Project management - servant, not a master Start by building a common language Contextualize project management Pick your battles carefully Organizational change Technology comes last

22. Trend 7 – KPI’s & Managerial Dashboards

23. Trend 8 – Professional Project Management Office (PMO)

24. Professional PMO Nearly 70% of organizations implementing PMOs report that project success rates have improved significantly as a result. Gartner Survey (2009)

25. Summary – Major PM Trends