Building Project management Value through Strategic Alignment

Building Project Management Value through Strategic Alignment Professional Development Conference PMI-SAC, Calgary, Alberta Fadi Samara, M.Sc., PMP [email_address] 416-848-7115 Oct 13, 2005

Getting Value from Project Management ,[object Object],[object Object],[object Object]

Measuring Project Success ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Value of products and services you deliver To customers minus cost of goods or services sold or paid to outside vendors.

Why is it so hard to assess PM value ,[object Object],[object Object],[object Object],[object Object]

Three P’s – PMI Definition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Putting the P’s together – A High Level Project Portfolio Management Model NPI Technology Operations New Objectives Complete A N N U A L Quarterly Monthly Strategic Planning Project Management Business Unit Planning Project Portfolio Management Post Audit Strategic Initiatives A B C ssess Value alance Capacity ommence Execution Remove Low Value Projects Reassess Executing Projects Programs Capital Management

Portfolio Management linked to Strategic Planning ,[object Object],[object Object]

Program Management linked to Strategic Planning ,[object Object],[object Object],[object Object]

Project Portfolio Management Detailed Model Unapproved Cancelled In-Progress Projects On-Hold Projects Portfolio Screening New Projects Project Scoring Portfolio Ranking Portfolio Simulation Out of Capacity Complete A N N U A L Quarterly Monthly Portfolio Monitor Pre-Assessment Approved and not Resourced Strategic Planning Project Management Business Unit Planning Project Portfolio Management Post Audit Strategic Initiatives In-Progress Projects On-Hold Projects Screened Approved Unapproved

A-B-C Process of Project Portfolio Management Project Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Program Management Commence Balance Assess Portfolio Management

Project Portfolio Management Processes ,[object Object],[object Object],Project Ranking ,[object Object],[object Object],[object Object],Project Scoring ,[object Object],[object Object],Project Screening Functionality Process

Project Portfolio Management Processes… continued Functionality Process ,[object Object],[object Object],[object Object],[object Object],Portfolio Definition ,[object Object],[object Object],[object Object],Portfolio Monitoring ,[object Object],[object Object],[object Object],[object Object],Portfolio Simulation

Build a portfolio plan with 3 P’s in mind Construction Stage deliverables & dependencies Project deliverables & dependences Program deliverables & dependencies Portfolio deliverables & dependencies

Executive Portfolio Summary Yellow $200K $275K 28/NOV/03 10/FEB/04 40% Introduce ePost - VP Billing Green $300K 23/SEP/03 60% Create Marketing Campaigns - VP Billing Promote eBilling Reduce Invoice Production cost by 20% Billing Billing Status Original & Current Budget Original & Current End Date % of Objective Project Idea & Sponsor Objective Program Strategic Initiative

Implementing PM while demonstrating value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Implementing PM while demonstrating value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Leading the Profession ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How do you know you succeeded? ,[object Object],[object Object],[object Object]

Questions & Answers Your Thoughts

Building Project management Value through Strategic Alignment

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