Maximizing Project Value: Defining, Managing, and Measuring for Optimal Return

Maximizing Project Value: Defining, Managing, and Measuring for Optimal Return

by Jeff Berman
     
 

ISBN-10: 0814473822

ISBN-13: 9780814473825

Pub. Date: 01/28/2007

Publisher: AMACOM Books

"What good is a project that's on time...on budget...and ends up providing your organization with no bottom-line results whatsoever? Whether it falls short of expectations, fails to ultimately be embraced by the people in the company meant to be using it, or simply lands with a thud in the marketplace, a project that doesn't truly

Overview

"What good is a project that's on time...on budget...and ends up providing your organization with no bottom-line results whatsoever? Whether it falls short of expectations, fails to ultimately be embraced by the people in the company meant to be using it, or simply lands with a thud in the marketplace, a project that doesn't truly deliver value is worthless at best. It's great to be on time and under budget, but to achieve positive results, project managers have to embrace an all-new philosophy of what it is they do for their organizations.

Maximizing Project Value shows you how to put the emphasis on value when managing a project, from the project's initial inception, all the way through its completion, and even farther down the road to determine whether it's of continuous worth to the company. This valuable guide offers a step-by-step plan you can use to establish the value of a project, identify value drivers and key performance metrics and then track and report them, organize a team for accountability, and much more. You'll get the tools and information you need to:

• Generate accurate value estimates in the proposal stage.

• Create a clear plan that identifies measurable and ongoing value.

• Establish buy-in from key players in your organization.

• Develop and use a process for managing the people responsible for implementing the plan.

• Adapt your project to meet changing business objectives.

Far too many projects lose sight of their original purpose due to shifting resources, changing organizational objectives, and other unexpected developments. Maximizing Project Value provides a clear, immediately usable blueprint for ensuring the kind of project success that truly provides value to your organization."

Product Details

ISBN-13:
9780814473825
Publisher:
AMACOM Books
Publication date:
01/28/2007
Edition description:
New Edition
Pages:
208
Product dimensions:
6.00(w) x 8.90(h) x 0.70(d)
Age Range:
17 Years

Related Subjects

Table of Contents

"Acknowledgments

Introduction: Beyond ""on Time and on Budget""

The Speed2ValueTM Project Approach

Chapter 1 Defining the Project Business Case and Getting Buy-In from Top Management

Business Case Process Life Cycle

Step 1: Determining the Need for a Project

Step 2: Initiating the Project

Step 3: Making the Business Case

Business Case ""Influencers and Supporters""

Seven Principles for Developing a Winning Business Case

Step 4: Project Selection Techniques

Step 5: The Business Case Approval Process

Chapter 2 Executing a Project with a Business Value Mind Set

Defining Project Value Drivers

Project Key Performance Indicators

Chapter 3 Achieving Project Value Through Stakeholder Management

Change Management

Stakeholder Management

Stakeholder Management as a Process

Stakeholder Communication

Chapter 4 Creating Organizational Alignment and Accountability

The Impact of Change

Accountability

Rewards and Incentives

Chapter 5 Establishing an Ongoing Project Performance Tracking Process

Reporting Mechanisms

Metrics Visibility

Correction Management

Chapter 6 Conclusion

Appendix A Project Business Case Exercises

Exercise A-1 Project Initiation Document

Exercise A-2 Initial Assessment

Exercise A-3 Risk Factors and Ratings

Exercise A-4 Resource Requirements

Exercise A-5 Total Project Cost Estimate

Exercise A-6 Financial Return

Appendix B Stakeholder Management Exercises

Exercise B-1 Sharing Your Experience with Change

Exercise B-2 Identifying Stakeholders

Exercise B-3 Assessing Stakeholders

Exercise B-4 Developing a Stakeholder Communication Plan

Exercise B-5 Establishing Stakeholder Accountability

Key Terms

Index"

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