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Managing
Value...Delivering Value An interactive workshop
in Managing and Delivering Value, consistent with the body of knowledge
from the Project Management Institute®, featuring techniques proven
in the workplace
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| Understanding
where Value will come from your projects |
Business Value Proposition
Benefits & Risk Decisions
Operations Concept
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Making the business case: Get the “Project
Balance” right: align business goals with project objectives. Phase
project achievement where necessary. Determine how much risk must be taken
to balance business need with project capability
What are the Key Performance Indicators for project
success? These are drawn from the business, not the project. How will
project investment be recovered? These are the benefits. Estimate
the impact of the major risks on the Project Balance. Make risk adjustments
to the KPI's, the benefits, and the investment. Employ NPV and EVA analysis.
Develop the Operations Concept for the tangible results
of the project. Answer the question: How will end-users use the system;
how will support staff maintain the system?
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| Estimate
the Future...set the scope |
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From the project balance sheet, organiztional
goals, related strategies, and desired operating concepts, develop the Work
Breakdown Structure [WBS]. Your scope is embodied in the deliverables;
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Program
Events |
Milestones of the major "program events"
establish a relationship between value expected and value deliverable. Get
the program events in place before any schedule networking |
Budget
& Value Earned |
Budget your project. Determine what value
will be earned as the project progresses. If it does not link to benefits
and KPI, reconsider your value management factors. |
| Manage
Value Delivery, Change, Risk, and Organizational Conflict; Solve Problems |
Delivering value requires a measure of value earned
Change in Projects
Risk Management
Organizational Impacts
Solving Problems
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Earn value as the project progresses.
Different techniques apply when cost is most important or when time is
most important. Evaluate your budget with an eye toward uncertainty; know
whether you can finish for the resources provided.
Things change; that’s the way it is in projects. What are techniques
that can be applied? Projects cause change in the organization. How is
change managed as a consequence of your project?
Risk is uncertainty of outcome. Risk is probabilistic by its very nature.
Consider quantitative and statistical techniques to improve your Risk
Management
Projects come and go; so do the teams that implement projects. What are
the considerations for project organization and what are the practical
impacts
Tools for problem solving. The Kano Chart, the Pareto Chart, Decision
trees, histograms, & fishbone charts
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| Finishing
your Accomplishment |
Close
your Project |
The nice thing about projects is that they
end, or so the doctrine states. Does your project end, or evolve into operations?
How has the body of knowledge you have generated been captured for your
organization? |
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