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A Business Value Approach to Project Management
This course is provided by Wintrac. Wintrac provides one stop shopping for all your IT training needs. Wintrac’s course catalog of over two thousand courses includes courses on Project Management training

Overview:

The Challenge
It is a primary tenet of Project Management that every project will produce something of value for the project Sponsor. That positive outcome may be referred to as Business Value. While the Business Value of a project is always implicit, it is often not clearly defined at the start of a project and even less often measured after the project’s completion. It should be clear that, in the absence of this definition and measurement, we are deprived of knowing the true value of a project to the organization that commissioned it. What may not be clear is that the definition and measurement of Business Value have deep implications for some of the most fundamental concepts in project management.

The Solution
This advanced project management workshop guides participants through an in-depth discussion of the implications of Business Value for project definition, our understanding of the goals and practice of project management, and the role of the project manager. Seen through the lens of Portfolio Management (PPM), our profession takes on a whole new dimension that is currently not fully appreciated. Participants leave with a new set of concepts and tools that can be applied to any project.

Audience:

This advanced PM workshop will be of value to project and program managers, PMO and portfolio management staff, anyone who requests that projects be done, and senior executives who are concerned with fulfillment of Business Strategy.

Course duration:

Half day

Course Includes:

  • PMP® certified instruction
  • Student Guide
  • Participation Certificate
  • 3 PDUs
Learning Objectives
  • Perspectives: What is a Project?
  • Project versus product lifecycle
  • Importance and timing of Business Value
  • Every project is an investment – the PPM perspective
  • Implications for our definition of project success
    • A Business Value view of project management practice
    • Project Objectives versus Business Objectives – assigning accountability
    • Rethinking the role of Project Sponsor
    • Implications for the role of Project Manager
    • Transition – Making product delivery happen
    • Current project practices that cause trouble
    • Managing projects to optimize gain
  • Business Value drives Best Practices - Five Steps you can take now
Learning Approach:

  • A highly experienced instructor will use interactive lecture format, hands on exercises and group discussions to drive home the essential points of this material
  • We will build on your prior experience in this topic, while providing you with a structure and vocabulary to use in future projects.
  • If you have modest project management knowledge, you will find that the clarity of the material and direct presentation style of the instructor will make the subject matter easy to understand.
  • You will receive a Student Guide which will help you follow the material, take notes and retain what you learned so that you can apply it on your job.
Why should I take this workshop?:
  • This course explains how to ensure that Business Value is fully considered throughout the life of a project and beyond. As a result, your organization is more likely to get what it wants from its projects.
  • Attendees take home a whole new set of best practice, tools and techniques that can make them more effective in their work.
  • Learn what you can do to enhance the Business Value that your projects deliver.

Please contact your training representative for more details on having this course delivered onsite or online

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