Manage Project Value

Success Problem

Companies face challenges around business opportunities and their value. They struggle to identify the “right” project managers within their organizations who possess the rare mix of business and project management skills.

Impact

Trends in project management show the need to closely manage project benefits throughout a project life cycle and deeply involve a project manager in this activity. In the current business environment it is required to do radical rethinking. Project managers have to understand the benefits, which have to be achieved by project and closely communicate with a project sponsor/project board.

Recommendation

In the following you can find the key project manager activities to deliver value by project: 1) understand project objectives 2) consult and help to define measurable project benefits (value) based on the actual organization strategy 3) help the sponsor to define the project exit criteria 4) regularly monitor project benefits achievement and the right direction of your project to be sensitive for the new organization opportunites 5) reflect real time information about the technical advantages and project environment changes 6) regularly inform and support project sponsor and project board.

Category

• Result orientation
• Strategy & Transformation