Click Icons to Visit Sponsor Web Sites
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Vol. XII Issue IX - September 2010
Project Management eJournal
FEATURED PAPER
Opportunity Analysis Under Strategic Program Management
By Bob Prieto
Senior Vice President, Fluor
USA
Strategic Program Management is about meeting the challenges of scale and complexity but also about capturing the opportunities of leverage. Every major program as well as the projects that comprise it is the subject of a detailed and rigorous risk analysis. This is not only appropriate but also necessary. But in order to capture the full value inherent in large programs, the program management consultant or PMC must be seeking out opportunities in a proactive and ongoing manner.
The PMC’s opportunity analysis is best constructed within a framework that ensures a comprehensive view of all aspects of the program. Unlike various risk frameworks and categorizations that exist, there is no comparable opportunity framework for program management in the engineering and construction industry. This paper outlines one possible framework that draws on the “Ten Types of Innovation” by Doblin Research and presents an initial checklist to facilitate opportunity assessment in large engineering and construction programs.
Program Management Opportunity Framework
The Program Management Opportunity Framework utilizes a construct similar to that used by Doblin in “Ten Types of Innovation” but with a distinctive focus on those parameters related to opportunities in large engineering and construction programs. In the Program Management Opportunity Framework four broad categories of opportunities are considered:
Finance
Processes
Projects
Stakeholders
To read entire paper (click here)
 About the Author Author Bob Prieto is a Senior Vice President of Fluor Corporation, one of America’s largest engineering, construction and project management firms where he is responsible for strategy in support of the firm’s Industrial & Infrastructure Group and its key clients. He focuses on the development, delivery and oversight of large, complex projects worldwide. Prior to joining Fluor, Bob served as chairman of Parsons Brinckerhoff Inc. He served as a member of the executive committee of the National Center for Asia-Pacific Economic Cooperation, a member of the Industry Leaders’ Council of the American Society of Civil Engineers (ASCE), and co-founder of the Disaster Resource Network. He currently serves on a number of committees looking at issues related to infrastructure delivery and resiliency and disaster response and rebuilding. Until 2006 he served as one of three U.S. presidential appointees to the Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) and previously served as chairman of the Engineering and Construction Governors of The World Economic Forum and co-chair of the infrastructure task force formed after September 11th by the New York City Chamber of Commerce. He recently completed a ten year tenure as a member of the board of trustees of Polytechnic University of New York culminating in its merger with New York University. Bob is the author of “Strategic Program Management” published by the Construction Management Association of America (CMAA) and more recently a companion work entitled “Topics in Strategic Program management”. |
PM World Today™ is a trademark of pmforum Inc.
PMWT™ is a trademark of pmforum Inc.
The information on this web site was checked for accuracy and authenticity when last updated. If there is any accidental infringement of copyright, the publisher of this site apologize for their actions, and would like to be notified. In addition, the publisher of this site cannot bear responsibility for the actions or the results of action of individuals or companies arising from use of information and advice contained within it.
PM World Today Privacy Policy Terms and Conditions.
© Copyright 2010 PMForum, Inc.