By Trish Melton
Winning initiatives are the foundation for the company many profitable firms, yet many execs lack the fundamental talents required to control tasks effectively. This e-book indicates the right way to maximise the results of initiatives and to make sure that the advantages bobbing up from tasks -- huge or small -- are absolutely learned by way of the company. This key end result could be simply missed or sidelined by way of the necessity to hold tasks on target.
Visually lead, to the purpose, with case reviews and most sensible perform instructions all through, the hard-won actual international event present in this ebook makes it a robust PM source for somebody concerned about venture management.
- Links venture administration to enterprise objectives for profession venture managers and people concerned with venture intermittently
- Focuses at the wishes of engineering, commercial and technique projects
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Additional resources for Project Benefits Management: Linking projects to the Business
Similarly, it is rare for any initiative to contribute to only one objective. Projects are part of the process by which organizations improve their capabilities to compete. There are various means of expressing the links between benefits, projects and corporate initiatives such as the benefits hierarchy, benefits mapping and the benefits matrix (Chapter 3). A project matrix can also be used to show these linkages once the programme of projects to deliver a set of strategic goals has been defined (Chapter 5).
Those that meet their strategic objectives and deliver an element of competitive advantage to the company will become success stories over time, even if none of the original project objectives were met. Projects which fail to meet either set of objectives are disasters for all concerned. In most cases, the achievement of a strategic objective does not rely on a single initiative. Even the largest and most complex of projects will require support from other initiatives (such as marketing and culture change programmes) if it is to be successful.
This is illustrated by a case study (Chapter 10). CSF 5 – Stage gate process Within the benefits management cycle there are key questions asked at various stages in the project lifecycle: Is this the right project? (aligned to the organizational goal). Is this project value-add? (the cost/benefits analysis is appropriate for the organization). Is this project appropriately planned to deliver at the right pace? (the benefits will realize at the right time for the business). Is this project moving at the right pace?
Project Benefits Management: Linking projects to the Business by Trish Melton