The Business-Savvy Project Manager: Indispensable Knowledge and Skills for Success / Edition 1

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Integrate the business needs and goals of your organization into every project decision you make

A well-managed project is a fundamental building block of business growth, and the project manager is the driver of that growth. The Business-Savvy Project Manager provides you with the concepts, principles, and tools you need to implement and lead projects that will consistently provide shareholders with superior return on investment.

This step-by-step guidebook, filled with examples of project management success and failure, shows you how to become an accomplished project leader who can:

  • Identify the most essential initiatives that must be addressed in your firm, helping prevent the cost and waste of pursuing low-priority projects
  • Propose, manage, and report on projects based on concerns that matter to your senior executives, from increasing cash flows to minimizing financial risk
  • Structure and perform a convincing, project-specific financial analysis that details the amount of wealth generated, or net present value, of the project

The long-term success of an organization is based on the quality and execution of its projects. The Business-Savvy Project Manager walks you through the steps of a successful project, explaining what you must do to make each project successful from a business, as opposed to a technical, perspective.

Achieve full economic and operational success with each project

A project is much more than just a logistical exercise in staying on time and within budget. It is, in fact, a business imperative, a major financial investment with goals that must be successfully achieved if an enterprise is to remain competitively viable.

The Business-Savvy Project Manager is your guide to designing and managing projects that make meaningful, positive economic contributions to your organization. From the big-picture fundamentals of finance, accounting, and organizational management to focused techniques for designing effective projects, keeping them financially sound, and pulling long-term economic value from their results, this bottom line–driven book will supply you with the managerial knowledge and insights you need to:

  • Prepare and present a compelling business case that convinces decision makers of the merits of committing company money to a project
  • Apply risk management tools and techniques to the entire project life cycle, including incorporating risk analysis as a key component of project selection and oversight
  • Create a cash flow chart that identifies and models the relevant cash inflows and outflows to assess your project’s financial strength
  • Verify that projects integrate well with your organization’s overall project investment portfolio
  • Conduct post-project audits that examine the actual results of projects after completion and indicate ways to improve the overall project process

At root, businesses are meant to produce positive cash flow for their investors, and projects are meant to help businesses achieve that financial objective. The problem is, many organizations lose sight of business goals, judging the success or failure of critical projects more on the technical aspects of staying within budgeted time and cost constraints, rather than on the real-world aspects of economic value provided.

The Business-Savvy Project Manager shows you how to combine the two ideas into a results-driven, innovative, and economically productive approach to managing and measuring each project, based on its success at achieving business goals. Whether you are a practicing project manager or an organizational manager charged with conceiving and designing projects, it will show you how to increase overall cash flow, and gain full economic value, from each project you pursue.

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Product Details

  • ISBN-13: 9780071443074
  • Publisher: McGraw-Hill Professional Publishing
  • Publication date: 11/23/2005
  • Edition number: 1
  • Pages: 350
  • Sales rank: 1,271,266
  • Product dimensions: 6.30 (w) x 9.40 (h) x 1.30 (d)

Meet the Author

Gary Heerkens is president of Management Solutions Group, which specializes in providing unique project management educational solutions and comprehensive organizational development support. A certified Project Management Professional (PMP), a Certified Project Manager (CPM), and a Certified Business Manager (CBM), Heerkens is a regular speaker at project management conferences around the world. He is an active member of the Project Management Institute and the International Association of Program and Project Management (IAPPM), and is author of the bestselling book Project Management (McGraw-Hill).

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Table of Contents

Ch. 1 Project management as a business function 3
Ch. 2 The core of business knowledge : finance and accounting 21
Ch. 3 Fundamentals of organizational management 43
Ch. 4 Cost management in organizations 75
Ch. 5 Project portfolio management, phase I : Identifying the "right" business initiatives 99
Ch. 6 Project portfolio management, phase II : identifying, categorizing, and prioritizing project solutions 129
Ch. 7 Project portfolio management, phase III : selecting, launching, and coordinating projects 161
Ch. 8 Project economics, part I : foundational principles 191
Ch. 9 Project economics, part II : preparing for a project financial analysis 215
Ch. 10 Project economics, part III : performing a project financial analysis 237
Ch. 11 Risk management, decision-making, and business 255
Ch. 12 Business cases and business case preparation 285
App. A Guidelines for preparing a project business case 305
App. B Interest tables 325
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