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Project Reviews, Assurance and Governance
by Graham OakesProjects are hard. By definition, projects are about non-routine activities. Many of them are large and complex; they may involve many people, often from different backgrounds and increasingly with different languages and cultures. Amongst all of this, it is easy to get lost, to overlook important trends or to misunderstand each other. So projects fail. Graham Oakes' Project Reviews, Assurance and Governance is about learning from your mistakes and understanding what's really going on with your projects. In order for reviews and assurance to provide you with this information and learning, you need to perform them effectively and that is the purpose of this book. The core of the book is built around a number of models of project review processes and governance, all derived from practice and interspersed with case studies drawn from practitioners, project management literature and from practices in other industry. The result is the blend of the conceptual and the practical needed to make your project assurance process sympathetic, relevant and rigorous for your organization and the range of projects and programmes which you undertake.
Project Risk Analysis: Techniques for Forecasting Funding Requirements, Costs and Timescales
by Derek SalkeldProjects overspend and overrun. Business cases perform less well than expected. Managers tighten their grip and initiate more procedure. But little changes and the scenario repeats, and it has done so for decades. Losing other peoples' money and goodwill is almost an innate characteristic of projects. This may be a norm but it need not be the natural state of affairs. In Project Risk Analysis, Derek Salkeld shows how easily assimilated techniques developed out of formal risk analysis methods can be used to increase the chances of projects being delivered to the oft quoted objective of on time and to budget, to quality and to popular acceptance. These techniques need to be understood by managers so that they can foresee the benefits of directing their teams to carry them out, and so they can inform their clients about the potential consequences of the investments they wish to make and how the project team plan to assure these. The three parts of the book explain how you can: ¢ calculate the funding required for a simple, short project using risk based methods to generate answers that are more accurate than traditional estimating ¢ apply the techniques to inform an investment decision for a major project, taking into account whole of life costs, operations and revenues ¢ design and implement specific management controls that will assure the outcomes of the investment decisions. Risk and opportunity are inherent in projects and yet, whilst many organizations invest heavily in project management methodologies and processes, few project sponsors, project board members or managers understand the effect these might have. The approach taken in the book is to understand how the risk and opportunity in a project will affect its funding requirements and its business case outcomes, and to use this understanding to devise management controls that will benefit both the investor and the project manager. This is essential reading for anyone concerned with adding value to projects, programmes and the organizations for which they are delivering them.
Project Risk and Cost Analysis
by Michael S. Dobson Deborah S. DobsonProject Risk and Cost Analysis focuses on risk in the context of project management, primarily in the area of risk’s effects on project costs, with emphasis on the many modern tools that help you and your organization quantify and manage project risk. You will learn how to perform a formal risk and cost analysis, apply the Earned Value Method to risk management, and adjust schedule and budget reserves appropriately for your project conditions. The book follows the basic project risk management approach as laid out in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 4th Edition, popularly known as the PMBOK® Guide, along with other sources listed in the bibliography and suggested reading. This is an ebook version of the AMA Self-Study course. If you want to take the course for credit you need to either purchase a hard copy of the course through amaselfstudy.org or purchase an online version of the course through www.flexstudy.com.
Project Risk and Opportunity Management: The Owner's Perspective
by Agnar Johansen Nils O. Olsson George Jergeas Asbjørn RolstadåsEffective risk and opportunity management is key to the successful delivery of any major engineering and construction project. This book looks at how all those involved can manage risk and capitalise on the opportunities that uncertainty present. The authors of this book highlight that uncertainties should be managed rather than avoided. This book will look at simple projects with a small team, to megaprojects where some hundreds of people are involved, and the consequences of delays or unforeseen costs. However, while the obvious risks can be planned for, the authors argue that it is often the opportunities in these situations that can have unexploited potential. This book is about opportunity management seen from the owner’s perspective. It will be an invaluable resource for those studying Engineering both undergraduate and postgraduate and set out ways in which projects should be managed from planning to completion. This book is also a great tool for those working in project management and the construction industry. While there are many books that demonstrate effective construction management, this book is the first of its kind to emphasise that there is opportunity in uncertainty, and possibility in the unexpected.
Project Risk Governance: Managing Uncertainty and Creating Organisational Value
by Dieter FinkIn Project Risk Governance, Dieter Fink breaks new ground in two ways. Firstly, he places project risk management in the context of today’s organisations in which objectives are increasingly implemented through projects to better respond to fast-changing markets. Secondly, he applies a governance perspective to examine project risk at the project and corporate levels, an approach which is significantly under-researched and for which theoretical knowledge and professional practice are at an early stage of maturity. Project risk governance falls between corporate governance and project governance and is attracting increasing attention. The author argues that there are two reasons for this. The first is the ’projectisation’ of organisations, in particular within organisations conforming to the Project-Based Organisation (PBO) model. The second is the prevalence of a strategic approach to managing risk for the purposes of protecting organisational values and creating competitive advantage. The book addresses governance, strategy, value management and building enterprise-wide Project Risk Governance (PRG) capabilities. Chapters examine the role of projects in organisations and the need to integrate project and business strategy within the framework of the Project-Based Organisation. PRG is introduced via its links with corporate and project governance and its scope is covered in chapters that identify relevant processes, structures and relationship mechanisms. Contextual influences such as the professionalisation of project management are recognised and insights provided to increase readers’ understanding of uncertainty, risk events, and probabilities and of the essential requirements of managing risks at project level. The final chapter provides a roadmap to the stages and dimensions of a PRG maturity model.
Project Risk Management: Essential Methods for Project Teams and Decision Makers (Wiley Corporate F&A)
by Yuri RayduginAn easy to implement, practical, and proven risk management methodology for project managers and decision makers Drawing from the author's work with several major and mega capital projects for Royal Dutch Shell, TransCanada Pipelines, TransAlta, Access Pipeline, MEG Energy, and SNC-Lavalin, Project Risk Management: Essential Methods for Project Teams and Decision Makers reveals how to implement a consistent application of risk methods, including probabilistic methods. It is based on proven training materials, models, and tools developed by the author to make risk management plans accessible and easily implemented. Written by an experienced risk management professional Reveals essential risk management methods for project teams and decision makers Packed with training materials, models, and tools for project management professionals Risk Management has been identified as one of the nine content areas for Project Management Professional (PMP®) certification. Yet, it remains an area that can get bogged down in the real world of project management. Practical and clearly written, Project Risk Management: Essential Methods for Project Teams and Decision Makers equips project managers and decision makers with a practical understanding of the basics of risk management as they apply to project management. (PMP and Project Management Professional are registered marks of the Project Management Institute, Inc.)
The Project Risk Maturity Model: Measuring and Improving Risk Management Capability
by Martin HopkinsonTop businesses recognise risk management as a core feature of their project management process and approach to the governance of projects. However, a mature risk management process is required in order to realise its benefits; one that takes into account the design and implementation of the process and the skills, experience and culture of the people who use it. To be mature in the way you manage risk you need an accepted framework to assess your risk management maturity, allowing you to benchmark against a recognised standard. A structured pathway for improvement is also needed, not just telling you where you are now, but describing the steps required to reach the next level. The Project Risk Maturity Model detailed here provides such an assessment framework and development pathway. It can be used to benchmark your project risk processes and support the introduction of effective in-house project risk management. Using this model, implementation and improvement of project risk management can be managed effectively to ensure that the expected benefits are achieved in a way that is appropriate to the needs of each organisation. Martin Hopkinson has developed The Project Risk Maturity Model into a robust framework, and this book allows you to access and apply his insights and experience. A key feature is a CD containing a working copy of the QinetiQ Project Risk Maturity Model (RMM). This will enable you to undertake maturity assessments for as many projects as you choose. The RMM has been proven over a period of 10 years, with at least 250 maturity assessments on projects and programmes with a total value exceeding £60 billion. A case study in the book demonstrates how it has been used to deliver significant and measurable benefits to the performance of major projects.
Project Scope Management: A Practical Guide to Requirements for Engineering, Product, Construction, IT and Enterprise Projects (Best Practices in Portfolio, Program, and Project Management #16)
by Jamal MoustafaevIncomplete or missed requirements, omissions, ambiguous product features, lack of user involvement, unrealistic customer expectations, and the proverbial scope creep can result in cost overruns, missed deadlines, poor product quality, and can very well ruin a project. This book explains how to elicit, document, and manage requirements to control project scope creep. It also describes how to manage project stakeholders to minimize the risk of an ever-growing list of user requirements. The book examines five different projects and traces their development from a project scope management perspective.
Project Skills (Industrial Society New Skills Portfolio Ser.)
by Mark Thomas Sam ElbeikProject Skills describes the best of the accepted project management techniques, taking the guesswork out of deciding which ones to apply at which stage. The subject of project management has developed over the ages into a fairly precise set of techniques, definitions and practices that are applicable to running projects. More and more projects are being handled by non-specialist project managers. Elbeik and Thomas present a practical and accessible guide to managing projects of all sizes, not just large scale ones.It also presents essential 'people' skills that are vital to making a project succeed. These include leadership skills, motivating others to deliver, communicating, holding meetings and how to manage change.The New Skills Portfolio is a groundbreaking new series, published in association with the Industrial Society, which re-defines the core management skills managers and team leaders need to be competitive. Each title is action-focused blending 20th century management initiatives/trends with a new flexible skills portfolio for managers constantly experiencing and managing organizational and marketplace change.The Industrial Society is one of the largest public training providers in the UK. It has over 10,000 corporate members.
Project Sponsorship: An Essential Guide for Those Sponsoring Projects Within Their Organizations
by David WestThe role of project sponsor is critical in large projects during the development of the business case, for governance and assurance and as the person who decides that the project should continue or close at any stage. Yet in many organizations the skills of the sponsor are often assumed; he or she will be a senior manager who may well have no practical project experience at all. David West explains the roles and skills that lie at the heart of effective sponsorship. The sponsor acts as a lynch-pin between the Board and the Project Manager, communicating and translating requirements downwards and resource needs, progress and constraints back upwards. An over-zealous sponsor may be tempted to assume some of the project manager's responsibilities, whilst an ineffective sponsor may be invisible, leaving the project manager uninformed by, and unrepresented to, the Board. Project Sponsorship includes exercises, examples and case histories from the real world of projects. It is an essential guide for anyone assuming the important role of managing the business case of the project and will help you ensure that the organization is 'doing the right things' as well as 'doing things right'.
Project Stakeholder Management: Project Stakeholder Management (Fundamentals of Project Management)
by Pernille Eskerod Anna Lund JepsenCarrying out a project as planned is not a guarantee for success. Projects may fail because project management does not take the requirements, wishes and concerns of stakeholders sufficiently into account. Projects can only be successful through contributions from stakeholders. And it is the stakeholders that evaluate whether they find the project successful - an evaluation based on criteria that go beyond receiving the project deliverables. More often than not, the criteria are implicit and change during the project course. This is an enormous challenge for project managers. The route to better projects, say Pernille Eskerod and Anna Lund Jepsen, lies in finding ways to improve project stakeholder management. To manage stakeholders effectively, you need to know your stakeholders, their behaviours and attitudes towards the project. The authors give guidance on how to adopt an analytical and structured approach; how to document, store and retrieve your knowledge; how to plan your stakeholder interactions in advance; and how to make your plans explicit, at the very least internally. A well-conceived plan can prevent you from being carried away in the ’heat of the moment’ and help you spend your limited resources for stakeholder management in the best way. To make this plan, you need to agree on the objectives of your stakeholder strategy and ways to achieve them. Project Stakeholder Management offers tactics and tools founded on established marketing communications theory as well as strategic management for doing just that. This book is part of Gower’s Fundamentals of Project Management Series.
The Project-State and Its Rivals: A New History of the Twentieth and Twenty-First Centuries
by Charles S. MaierA new and original history of the forces that shaped the twentieth and twenty-first centuries.We thought we knew the story of the twentieth century. For many in the West, after the two world conflicts and the long cold war, the verdict was clear: democratic values had prevailed over dictatorship. But if the twentieth century meant the triumph of liberalism, as many intellectuals proclaimed, why have the era’s darker impulses—ethnic nationalism, racist violence, and populist authoritarianism—revived?The Project-State and Its Rivals offers a radical alternative interpretation that takes us from the transforming challenges of the world wars to our own time. Instead of the traditional narrative of domestic politics and international relations, Charles S. Maier looks to the political and economic impulses that propelled societies through a century when territorial states and transnational forces both claimed power, engaging sometimes as rivals and sometimes as allies. Maier focuses on recurring institutional constellations: project-states including both democracies and dictatorships that sought not just to retain power but to transform their societies; new forms of imperial domination; global networks of finance; and the international associations, foundations, and NGOs that tried to shape public life through allegedly apolitical appeals to science and ethics.In this account, which draws on the author’s studies over half a century, Maier invites a rethinking of the long twentieth century. His history of state entanglements with capital, the decline of public projects, and the fragility of governance explains the fraying of our own civic culture—but also allows hope for its recovery.
Project: Strategy
by Helgi Ingason Haukur JonassonStrategic planning is the starting point for projects and often the primary reason for a project’s success or failure. It has the potential to enable every organisation to realise its ideals and actualise its values, whether it be a small start-up business, a large international company or even an entire society. Project leaders and project-orientated organisations need to understand strategic planning to recognise their position and environment, and make rational decisions when selecting and defining their projects and programs. But, those same principles can have broader, more profound, and more ambitious applications too. <P><P>Project: Strategy is a practical handbook that enables organisations of any size, and employees at all levels within them, to form strategic plans and actively contribute to them throughout a project’s development. Rather than focus on superficial exercises, this book draws from knowledge outside of business and management – humanities, philosophy, psychology, technology, and engineering – to create a holistic view and a depth of understanding you would never achieve with SWOT analysis alone. Taking the reader on a pragmatic journey, it teaches self-reflexion, social responsibility and creative thinking with application to their projects and plans, but also to their working relationships and to their organisations. <P><P>This book is also an ideal introductory book to progressive programs on strategic planning, with a focus on collaborative work, open strategy, and open strategic planning on a social level. It provides a wealth of learning tools and case studies to demonstrate best practice. This is the ideal guide to project planning for anyone that wants their planning decisions to be as wise as they are savvy.
Project Success: Critical Factors and Behaviours
by Emanuel CamilleriThe issue of what defines project success (or failure) is complex and often elusive, and dependent on the perceptions of different stakeholders. In this enlightening book Emanuel Camilleri examines the key factors bearing on perceived success or failure. This book is not just about project management, it goes much deeper into the topic of project success by prescribing a project success framework. In chapters dedicated to factors such as leadership, teams, communication, information management and risk management, the author shines a light on the key behaviours in which project managers and others engage and how those behaviours predict success or failure. Practising project managers, project board members and sponsors, struggling to manage conflicting stakeholder expectations, complexity and ambiguity, will learn which factors are vital to determining successful outcomes. Finally, having highlighted the particular skills, abilities and attributes identified by the research, Dr Camilleri offers a diagnostic model for assessing an organization's preparedness for undertaking and successfully managing major projects. Project Success provides a valuable contribution to the literature on this subject, and its application delivers practical guidance that will be welcomed by project professionals at all levels.
Project Success and Quality: Balancing the Iron Triangle
by Andrew Wright Therese Lawlor-WrightProjects are inherently risky, since they involve some level of uncertainty, doing something new in the target environment, but the percentage of projects seen as a success is still disappointingly low, especially for IT projects. The ‘Iron Triangle’ of time/cost/quality suggests that all three aspects are equal, but with quantitative methods for monitoring project performance, the focus is primarily on managing cost and time. This book seeks to redress the balance, explaining the rationale and benefits of focusing more on quality (fitness for purpose and conformance to requirements) before detailing a range of tools and techniques to support rebalancing the management of projects, programmes and portfolios. It shows how managing project quality actively can reduce costs through minimising wastage, and reduce delays through avoiding rework, leading to improved project success rates and customer satisfaction.
The Project Success Method
by Padgett Clinton M.The Project Success Method is a unique, proven and fire-tested methodology which allows companies, groups or managers to learn and develop consistency in the way they plan, schedule, manage, control and close out projects on time, per spec and within budget-- in as little as 5 days. Over the last 25 years, the methodology has been used around the world by manufacturers of heavy equipment, electronics, aircraft components, paper products, beverages, electric and gas utilities, hotel and restaurant chains, and companies in the financial services, telecommunications, real estate, entertainment, and transportation industries. The Project Success Method has proven effective in a vast array of project applications, including new product development and introduction, IT systems development and implementation, process improvement initiatives, marketing programs, engineering and architectural design, construction and renovation, facility relocations and startups, mergers and acquisitions, major industrial maintenance and special events.
Project Sun Devil and Project Paris
by Nori Gerardo LietzTony Lee is preparing to present a project to the invesment committee of Howard Street Capital. He will be recommending an investment in Project Sun Devil, a high-quality 225-unit student housing rental property near Tempe, Arizona. Tony Lee will compete for capital against the other project on the investment committee's agenda, Project Paris. Project Paris, a very different type of real estate transaction, is a hybrid mezzanine investment in the acquisition of a residential real estate services firm headquartered in France. The case provides overview of the two projects.
Project Team Dynamics: Enhancing Performance, Improving Results
by Lisa DitullioWhen companies embrace the power of collaboration it becomes clear that complex problems can be solved when a group of people with different skills and expertise work together as a cohesive and productive team. Getting teams to work productively is central to good project management. This book takes you through creating the structure and implementing the techniques you will need to ensure that such teams work as efficiently and effectively as possible. Project Team Dynamics clearly outlines methods for launching and developing a team and creating a framework to deal with the inevitable difficulties that any team will encounter. Author Lisa DiTullio uses examples from contemporary project management to demonstrate the success of these straightforward and adaptable techniques and also to show the associated dangers of not building a strong team culture.
Project Team Dynamics: Enhamcing Performance, Improving Results
by Lisa DiTullioGet to the Heart of Building Productive Project Teams!Companies that embrace the power of collaboration realize that the best way to solve complex problems is to build cohesive teams made up of members with different skills and expertise. Getting teams to work productively is at the heart of project management. Developing the structure for teams to work dynamically at a high level of efficiency and effectiveness is at the heart of this book.The author clearly outlines methods for creating and implementing a structure to deal with the inevitable difficulties that any team may encounter. With examples drawn from contemporary project management, she demonstrates the effectiveness of this straightforward approach and highlights the risks of not building a strong team culture.The author offers simple and proven techniques for:• Launching a team• Defining and clarifying the goals of the team• Implementing and reinforcing appropriate team behaviorsTo help ensure the delivery of on-time project objectives, the author also gives practical advice aimed at ensuring productive team meetings, encouraging information sharing, and moving the team toward solutions in the face of challenges and conflict.
Project Titan at Northrop Grumman
by C. Fritz Foley Kevin SharerIn March of 2011, Northrop Grumman divested shipbuilding assets through the spin-off of Huntington Ingalls Industries. This case reviews many of the key questions faced by Northrop's CEO, CFO, and top management team during this process, including questions concerning whether to sell or spin-off the assets; how to handle customers, employees, and investors during the restructuring; and how to reorganize a diversified business to increase the performance of its parts.
Project Valuation in Emerging Markets
by Robert E. KennedyReviews the issues managers face when attempting to value projects abroad. These include dealing with multiple currencies, adjusting for country and industry risk, and considering expropriation and devaluation risk.
The Project Workout: The Ultimate Guide to Directing and Managing Business-Led Projects (The\pitman Publishing/"financial Times" Executive Workout Ser.)
by Robert ButtrickProjects are an important strategic management tool and a way of life in every business. But how do you get started and ensure you realize the benefits you need? Now in its 5th edition, the Project Workout is the definitive book on business-led project management. It is a valuable companion for every executive and project manager as well as a comprehensive resource for students of project management. Projects are a way of life in every business and an important strategic management tool. But how do you ensure a project realizes the benefits you need? The Project Workout provides practical advice and techniques to direct and manage a project. Aimed at both project sponsors and project managers, it works through the life cycle of a project from initial idea to successful result. The practical approach is enhanced throughout with a series of "Workouts": exercises, techniques and checklists to help you put the book’s advice into practice. The Workouts are supported by an on-line resource of tools, including MS project views, project logs and templates. This expanded edition contains a wealth of new information, including how to work with standards and methods, such as ISO 21500, BS6079 and PRINCE2 and PMBoK. The companion to this book, The Programme and Portfolio Workout, deals with directing and managing whole portfolios of projects, making sure everyone in your organization is working towards the same goals; together these books give you what you need to ensure all your projects succeed.
Projectification of Organizations, Governance and Societies: Theoretical Perspectives and Empirical Implications
by Mats Fred Sebastian GodenhjelmThis book is about projectification – a concept that captures the increasing reliance on “the project” in contemporary societies, governance and economies. Despite its significance, this development and transformation, not only of public and private organizations but also our working environment and way of living, has received little scholarly attention compared to other major societal movements. Since its conceptualization in 1995 the phenomena of projectification has grown in scope, and researchers beyond management and organization studies have argued for and applied a broader and critical perspective to what projects are and how we are to understand the term. This volume gathers researchers who critically examine the function and effects of “the project”, and analyzes the logic, politics, discursive practices and contexts of projectification. The book consolidates this research field by illustrating theoretical perspectives on, and empirical implications of, projectification. It also highlights the need for more research, and provides encouragements for other disciplines to scrutinize this phenomenon from other perspectives.
The Projectification of the Public Sector (Routledge Critical Studies in Public Management)
by Damian Hodgson Mats Fred Simon Bailey Patrik HallIn recent decades, we have witnessed an increasing use of projects and similar temporary modes of organising in the public sector of nations in Europe and around the world. While for some this is a welcome development which unlocks entrepreneurial zeal and renders public services more flexible and accountable, others argue that this seeks to depoliticise policy initiatives, rendering them increasingly technocratic, and that the project organisations formed in this process offer fragmented and unsustainable short-term solutions to long-term problems. This volume sets out to address public sector projectification by drawing together research from a range of academic fields to develop a critical and theoretically-informed understanding of the causes, nature, and consequences of the projectification of the public sector. This book includes 13 chapters and is organised into three parts. The first part centres on the politics of projectification, specifically the role of projects in de-politicisation, often accomplished by rendering the political “technical”. The chapters in the second part all relate to the reframing of the relationship between the centre and periphery, or between policy making and implementation, and the role of temporality in reshaping this relation. The third and final part brings a focus upon the tools, techniques, and agents through which public sector projectification is assembled, constructed, and performed.
Projects: The New PMO Model for True Project and Change Success
by Peter TaylorMatching the speed of change in modern business, this book takes readers on a two-year journey in building a project management office (PMO) for today and tomorrow and redefines the PMO as to what it should focus on: Projects, Methods, and Outcomes. Many organisations invest heavily in PMOs, but these are built on an outdated and static model that does not fit a hybrid, agile, AI-empowered, and rapidly changing business environment. Building on his renowned "balanced PMO" model, project management leader Peter Taylor tackles today’s challenges with this diary-style guide to inspire all PMO leaders, project managers, and business leaders, and provide a roadmap to follow to build (or rebuild) their own PMOs. He presents a completely new definition of "PMO", eliminating the traditional back-office concept of a centralised PMO, with his "Projects: Methods: Outcomes" construct that provides a truly business focused team to oversee the delivery of value to their organisation. Enriched with case studies and practical models, this book will benefit all PMO leaders, project management professionals, change and transformation leaders, and anyone interested in how to deliver business value through projects.