Volume IX - Issue V - May 2007
Featured Papers
Managing Programs to Success: By Russ Martinelli and Jim Waddell Introduction A frequent comment we receive from company representatives is that they believe their firm does an excellent job of planning, but once programs and projects are approved and in execution, results do not materialize as planned. This is characteristic of a major breakdown between planning and execution and is one of the key strengths of the program management model, that of successfully linking planning with the execution of programs and projects in order to achieve the intended business results. Once a firm transitions to the program management model for developing its products, services or infrastructure capabilities, attention and resources should be focused on the development and implementation of key processes to make program management practices more consistent and repeatable. Fundamentally, there is not a lot of difference between the process steps used to manage a program from those used to manage a project. The difference comes in how they are applied. In this paper we provide a summary-level explanation of four primary processes needed to effectively manage and execute a program to success – schedule management, financial management, risk management, and change management. Other processes such as life cycle, stakeholder and business management are covered in detail in our book titled Program Management for Improved Business Results. Read complete paper in English
Read earlier papers in the series. Program Management: It's About the Business! (Part 1 in the series) Conquering Complexity with Program Management (Part 2 in the series) The Program Management Maturity Model TM: A Framework for Change (Part 3 in the series) Power, Politics and Program Management (Part 4 in the series)
Activity Based Costing (ABC) - By Paul Giammalvo Forget CMMI®, http://www.sei.cmu.edu/cmmi/ OPM3® www.pmi.org and other “Capability Maturity Models”. Want to save yourself and your organization time and money? Then apply this very simple test to see how mature your organization is in using project management “Best Practices”. Do you use Earned Value Management and does your accounting system support Activity Based Costing and are you using it? If you aren’t using Earned Value Management and its alter ego, Activity Based Costing, then you are probably not getting the full benefits project management methodologies offer as effectively as you can or should. Worst case, failure to apply Activity Based Costing may well be causing you to outsource work which in reality is a “core competency” (Those activities you do better than others and make money at) and keep in-house work which you are actually losing money on. Read complete paper in English
Overcoming Common Pitfalls in EPM Systems With the advent and popularity of Enterprise Project Management (EPM) systems in recent years, it has been very common to come across EPM implementations originally considered successful, yet much underutilized, demonstrating a lack of adoption, and rapidly becoming a wasted investment. The issue appears to be deeply rooted in the misconstrued definition and understanding of an EPM system and its ramifications. An EPM system has often been restricted to its technological components in such a way that the success of an EPM implementation is synonymous to the success in designing and assembling those components. This narrow view leads to a potentially fatal ignorance of the real organizational and behavioral ramifications of such an implementation. Read complete paper in English
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