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Project Management Trends

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

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Project Management Trends

  1. 1. Project Management Conference for Top Management<br />11.1.11<br />Project Management New Trends<br />Dvir Zohar – Simple CEO<br />www.rbsprojects.co.il<br />
  2. 2. AboutSimple<br />We assist technology driven firms to run faster <br />Our Uniqueness<br /><ul><li>State of the art PM methodologies (PMBOK, Agile, TOC, MSF and more)
  3. 3. Business orientation
  4. 4. Smooth implementation
  5. 5. Fast ROI
  6. 6. Simple solutions</li></ul>Methodology<br />We supply a full project management solution<br />Tools<br />Training<br />Project Management<br />Office (PMO)<br />Project managers<br />www.simplesolutions.co.il<br />
  7. 7. The world is moving on and on<br />Technology<br />Complexity<br />e- commerce<br />Venture Capital<br />M&A<br />The world is flat<br />
  8. 8. tHE fast changes<br />Brought many adjustments INto project management<br />Eight main trends in project management in the world and in Israel<br />
  9. 9. Global Project Management<br />Trend 1 – <br />Global Project Management<br />Benefits are high – Low cost, ability to <br />expand, maintenance activities<br />If you know how to manage them<br />World wide competitors enjoy these benefits<br />
  10. 10. Understanding Culture Differences is not Enough<br />GeertHofstede™ Cultural Dimensions - UAI<br />Process, Process, Process (and PMO)<br />Recruitment, Planning, monitoring, , deliveries, scope management, HR activities, training for TL, IT….<br />
  11. 11. Trend 2 – <br />Risk Management<br />In the world – about 1% of annual sales<br />In Israel – 0.0?% <br />(we are too busy in fire's extinguishing )<br />
  12. 12. The main challenge – Project Manager is optimistic<br />They don’t see all risks<br />They underestimate the risks<br />They are sure that they will succeed to overcome the risks if/and when they will appear<br />RM takes time and money<br />Project managers don’t invest enough time in RM<br />
  13. 13. Risk Management Levels <br />Simple/small projects (M’s$) - a point model <br />Complex/large projects – a range model<br />Complex & large – Full simulations<br />4<br />7<br />Probability<br />6<br />5<br />3<br />1<br />2<br />Damage level<br />
  14. 14. Quantitative risk analysis using Monte Carlo simulations<br />What will happen if certain risks occur? <br />47% to achieve target<br />Probability<br />Duration (months)<br />
  15. 15. RM requires processes & resources<br />Organizational risk methodology<br />Enterprise tools<br />RMO (Risk Management Office)<br />Risk reviews<br />Training <br />
  16. 16. Trend 3 – <br />Project Portfolio Management<br />
  17. 17. Trend 4 – <br />ROI Calculations<br />(Value Management)<br />
  18. 18. ROI is much more then Go/No Go<br />Management can direct the development<br />Realistic budget<br />Valuable features<br />Risks<br />Key success factors<br />Alternatives<br />High<br />Competitor 1<br />WE<br />Competitor 2<br />Low<br />
  19. 19. Trend 5 – <br />Agile Elements are Part of Project Management<br />
  20. 20. Trend 7 - Lightweight PM<br />
  21. 21. Six Lightweight Lessons <br />Project management - servant, not a master<br />Start by building a common language<br />Contextualize project management<br />Pick your battles carefully<br />Organizational change<br />Technology comes last<br />
  22. 22. Trend 7 – <br />KPI’s & Managerial Dashboards<br />
  23. 23. Trend 8 – <br />Professional Project Management Office (PMO)<br />
  24. 24. Professional PMO<br />Nearly 70% of organizations implementing PMOs report that project success rates have improved significantly as a result. <br />Gartner Survey (2009)<br />
  25. 25. Summary – Major PM Trends <br />