2. Project Management Approach
It is best to do things
systematically, since
we are only human and
disorder is our worst
enemy.
Hesoid
8th Century BC
3. The Objective
The growing complexity of
the working environment and
scarcity of resources has demanded
an approach for management of projects
that meets with the challenges.
The presentation will help an overview to
Organizational Project Management approach
for effective & efficient management
of Project Endeavors
and reach desired results successfully,
consistently, predictably and reliably.
4. Project Management Definitions
Project management in 21st Century?
•Organizational Project Management
- The application of knowledge, skills,
tools, and techniques to organizational
and project activities to achieve the
aims of an organization through
successful projects.
5. Business Need
Organisations run projects to satisfy the needs of
stakeholders and sustain continuity of existence.
Complexity of challenges, scarcity of resources and
changing circumstances in market makes it difficult to
achieve the desired outcomes of a project.
Survival in fast changing & growing complexity of work
environment demands a holistic management approach
for organization to progress successfully and ensure
continuous improvement.
7. Business Challenges
• Complexity of business environment
• Strategic Translation into Reality
• Competitive Advantage Creation
• Scarcity of Resources & Optimized Return
• Strategic Assets (Knowledge Based)
• Dynamism to Change
8. Org PM
Org Project Management is an approach and a
methodology for translation of strategic goals
into reality, with effective management and
control.
It is a systematic application of defined set of
knowledge, tools & techniques to all levels of
org and types of project, to achieve the desired
outcomes successfully, consistently, predictably
and reliably .
11. Strategic Translation
• Corp., Strategy is created as a means of
considering & articulating how organizational
goals and objectives will be pursued and
achieved.
• It typically cascades through Strategic Business
Units (SBU) or Portfolios of Programs or
Projects.
• These become the vehicle of implementing the
approved strategic initiatives
12. Requirements of goal translation
• Work is more predictable
• Schedules are followed more closely
• Issues are addressed more proactively
• Project Management processes are more
consistent
• Customers/end-users have greater confidence
in delivery
13. Project Management helps
• A system for achieving
– Predictable results
– Predictable costs
– Defined time frame
– Suitable quality
• To achieve this it requires
– Processes Project
– Systems / Tools Management
System
– Organization
14. Org PM Framework Helps
• Program & Project Management Discipline
• Building Program & Project Management
Offices
• Sarbanes-Oxley Compliance
• Earned Value Management Systems
• Six Sigma
• Total Quality Management
• Tracking Org’s Key Performance Indicators
15. PM Indispensable in
Turbulent Env [SOARS]
• Savings: Cost saving is current priority. Savings
can be illustrated through cost savings with lower
costs or fewer resources , or through cost
avoidance with successful execution including
less rework, or greater reuse, or both.
• Optimization: As the pressure increases to do
more with less, project managers have to apply
optimization techniques to maximize the
utilization of resources.
16. PM-SOARS
• Accountability & Governance: There is a
need for greater accountability and
governance at every level. Project
Management framework, project life cycle
with appropriate stage gates and standard
processes lead to greater accountability.
Governance is more effective with portfolio
management, program management and
project management.
17. PM-SOARS
• Risk management: Implementation of the risk
processes help to create a culture of proactive
risk management. Also identify and manage the
threats & opportunities
• Selection & prioritization: The turbulent
environment demands focus on the right things
and prioritize limited resources.
Portfolio management provide a framework for
organization to prioritize and select the right
projects & focus on key initiatives that will
support rapid economic recovery.
18. What is System Approach in
Managing Projects?
• Establish the process which can help in
– selecting project management processes,
– customize these processes in line with projects
baselines,
– establishing the extent of use of these processes
– selecting the right tools and techniques which will
ensure that the processes are delivering the
accurate and stable outputs,
– Avoiding overloading of Project Management efforts.
19. System Approach as Process
Process Name: Define System Approach for the project
• The process of defining the system approach for the project based on
project and organizational requirements
•Peer Reviews
•Experts Reviews
• Project Charter
• Preliminary Scope Statement
• Customized Project
• Enterprise Environmental Factors
Management
Process
• Organizational Process assets
Methodology
• Key assumptions, constrains
• Process Documentation
• Common PM Methodologies
• Templates
• Forms
•Alternatives identification
•Expert judgment
•Prototyping
20. Performance Measurement
EAC
using EVA
Projected
(000) Overrun
2,500 Reporting Cut of Date
Contract Target Cost
2,250
BAC
2,000
1,750
AC or
1,500 ACWP
1,250 Cost Variance
PV or
BCWS Projected
1,000 Schedule variance
Slippage
(Dollars)
750
500
EV or
BCWP
250
Actual Work
Performed
0
JASO ND J J JFMA
J FMAMJ ND
FMA A
MJ S O
22. Mega Trends
• Emergent High Impact Trends;
– Globalization
– Outsourcing
– Sustainability
23. Forbes 2000 Firms
• Do Invest in;
– High Level Training
– Processes Consistency
– Strategy
24. Program Manager’s Skills
Communication
People Skills Leadership
Special Blend of
Technical Skills Skills & Organization
Competence
Project Mangement Time Management
Strategic Vision