1 Where Do Good Projects Come From? Korinna Shaw 8 December 2010

2 Agenda  What is Project Success?  What Do I Need to Succeed?  What Does Success Look Like?  How Do I Get There?  How Can PMI Help Me? Where Do Good Projects Come From?

3 What is Project Success?  Have you ever been a part of a project that went well, but who’s value was not completely realized by the organization?  Have you been a part of a troubled project that delivered real organizational value? Although traditionally judged in terms of schedule and cost compliance, projects are only successful when they deliver value to the organization. Where Do Good Projects Come From?

4 What Do I Need to Succeed? Someone who is separate and distinct from project managers that:  Interacts with project managers to provide support and guidance  Ensures the overall program is structured for teams to successfully complete work  Has a broad view of program objectives and organizational culture and processes A Program Manager Where Do Good Projects Come From?

5 What Do I Need to Succeed? A senior member of the senior management team who:  Establishes rules and frameworks for portfolio management  Guides the selection, prioritization and balancing of the portfolio  Establishes and maintains appropriate infrastructure and systems to support portfolio management processes  Measures and monitors the value to the organization  Participates in program and project reviews A Portfolio Manager Where Do Good Projects Come From?

6 What Do I Need to Succeed? During Execution, these roles need each other to be successful. Where Do Good Projects Come From?

7 What Do I Need to Succeed? It takes the right people, the right processes, the right information, and an integrated approach to get things done the right way. People Processes Information Integrated approach Where Do Good Projects Come From?

8 What Does Success Look Like? “The right combination of the right projects done right.”  Project management for superior execution  Program management to integrate projects: more than the sum of the parts  Portfolio management to choose the projects and programs that fit a specific organization’s culture, strategy, and change goals Dinsmore, P. C. & Cooke-Davies, T. J., The Right Projects Done Right!, 2006, p. 1 Where Do Good Projects Come From?

9 Organizational Project Management (OPM) Integrating your people, processes, and knowledge across all domains of project management based on your value strategy for your target market as the means to achieve better performance, better results and a sustainable competitive advantage for your company. Where Do Good Projects Come From?

10 How Do I Get There? Execute requisite organizational development activities to attain the needed Capabilities and advance on the path to increased organizational project management maturity. 1)Reassess where the organization is currently on the continuum of organizational project management maturity by repeating the Assessment (Step Two) or… 2)Return to plan for improvements (Step Three) to begin working toward other Best Practices identified in an earlier assessment, but not acted upon. 1)Reassess where the organization is currently on the continuum of organizational project management maturity by repeating the Assessment (Step Two) or… 2)Return to plan for improvements (Step Three) to begin working toward other Best Practices identified in an earlier assessment, but not acted upon. Prepare to assess the organizational project management maturity in relation to the model. High Level:  Compare characteristics of the organization’s current maturity state with the model.  Assess the organizational project management maturity in relation to the model. Comprehensive:  Determine which of the identified Capabilities already exist within the organization. High Level:  Compare characteristics of the organization’s current maturity state with the model.  Assess the organizational project management maturity in relation to the model. Comprehensive:  Determine which of the identified Capabilities already exist within the organization. Develop a specific plan to achieve the Outcomes associated with the Capabilities of targeted Best Practices. 10 Project Management Institute, OPM3 ® – Second Edition, 2008, p. 18 PMI’s OPM3 The OPM3 ® Cycle Where Do Good Projects Come From?

11 How Can PMI Help Me? Where Do Good Projects Come From?  People  Learning  Certification  Processes  OPM3 ® Self Assessment Model  OPM3 ProductSuite ®  PMiQ*  Knowledge  Organizational Project Management Maturity Model (OPM3 ® ) Second Edition  Standards, Knowledge Areas, and Process (SNAP*)

12 Where Do Good Projects Come From?

13 Where Do Good Projects Come From?