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Revolutionizing Cost Management in High-Stakes Projects
Navigating the complexities of large-scale projects—such as mergers, acquisitions, or system overhauls—presents a unique set of challenges, particularly when managing project costs effectively. Many organizations find themselves in a tightrope walk, balancing project scopes with budget constraints. Projects larger in size and complexity especially put you to the test, revealing...
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The Process Side of EPPM Tool Implementations
While organizational change issues are, in my opinion, the most significant component of an EPPM tool implementation, the process issues are a close second. By process, I mean at two levels:First level processThe overall project and portfolio management discipline level, which the organization has adopted for itself. This includes:Project management methodology, which...
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Don't Forget to Manage the Organizational Change that EPPM Tools Create
Not to sound like a broken record, let me just repeat (and repeat) that organizational change management (OCM) activities should be injected into every EPPM tool implementation. In parallel with the vendor selection process, conduct an organizational change readiness assessment. Areas to focus on include: Sponsorship: Having an authorizing sponsor at the appropriate level is...
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EPPM and Decisionmaking: The Impact of Tools on Culture
In part 1 of this 5-part series, I highlighted several key points that companies should consider as part of the EPPM tool selection process that relate to organizational change readiness, including sponsorship and cultural factors. Having helped several clients with the tool selection process as well as the implementations themselves, I can say with 100% certainty...
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Don’t Be a “Fool with a Tool”: Lessons Learned from the EPPM Tool Trenches
PC-based project management software tools arrived on the scene in the early to mid-1980s; the first ones had crude graphics and reporting that was limited by today’s standards. The real value-add was the relational database network used to track a project schedule. For the first time, project managers could create a series...
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Improving Project Management Yields Business Benefits ... And We Can Prove It
Just released today, the 2014 Project Management Maturity and Value Benchmark study reprises one of PM Solutions' most oft-cited research surveys, this time after a gap of several years. The findings will be exciting -- though not unexpected -- to proponents of project management.First, let me just toot PM Solutions Research's horn about a...
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