What is Project Management….and why do we need it?
Chances are you have participated in a project at your organization at some point in your career whether you realize it or not. So what exactly is Project Management and how does it help get work done?
Project Management is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets.
One of the biggest benefits of using Moser Consulting for your organization’s project execution is the ability to ensure value is realized from project execution that benefit the organization and achieves it’s goals.
PM Value Proposition
The value proposition for project management starts with the proposition that it takes time and effort to proactively manage a project. This cost is more than made up for over the life of the project by:
Completing projects more quickly and cheaply.
Being more predictable.
Saving effort and cost with proactive scope management.
Failing “bad” projects faster.
Resolving future risk before the problems occur.
Communicating and managing expectations with customers, team members and stakeholders more effectively.
Better solution “fit” through better planning and task execution
Building a higher quality product the first time.
Improved financial management.
More focus on metrics and fact-based decision making.
Resolving problems more quickly.
Improved work environment.
What is Program Management?
By understanding Organizational Strategy, the Program Manager coordinates groups of related projects to leverage maximum ROI (return on investment) and ensure the success of the strategic goals of an organization.
Working in close collaboration with business leadership and vendor leadership to be directly accountable for the success of the program (quality, cost, milestones, customer satisfaction)
Ensuring compliance and utilization of project management process that includes topics such as release management and change management practices.
Manage program budget, ensuring that program completes on or below budget
Providing progress report to Senior Management
Managing all program suppliers to deliver on time, on budget, according to defined quality criteria
Operating as primary point of contact with the project team for day-to-day interactions on solution delivery
Assess and verify solution designs for cost, timing and milestone commitments
Owning resolution of project issues, working with project sponsors, business project managers, and supply / vendor management teams as necessary
Coordination and / or support of system retirements associated with solution implementation
Why do we need Project Management?
So now that you know a little bit more about what Project Management is and the activities involved in successfully managing a project to completion, what is the justification for hiring a Moser Project Manager for your organization’s next project?
Here are some topics that are mitigated by using a Project Manager for your next project:
Control Scope Creep and manage Change
Drive Project Results and realize Return on Investment
Focus the Project Team on the solution
Obtain project buy-In from disparate groups
Define the Critical Path to optimally complete your project on time and on budget
Provide a process for estimating project Resources, Time, and Costs
Communicate Project Progress, Risks, and Changes
Surface and explore Project Assumptions
Prepare for unexpected project issues
Document, transfer, and apply Lessons Learned from your projects
By using a structured approach to getting work done, you can avoid the pitfalls of executing work multiple times or with little benefits realization to your investments of time and resources. This enables your expert staff to focus on what really matters, resulting in impactful success to your strategic goals.
Moser Learning and Development is a valuable resource for any organization looking to improve their strategic project outcomes. By utilizing professional project management practices and problem solving frameworks, we can help your organization to become more efficient and competitive in your industry.
If you're interested in learning more about Moser Learning’s Project Management Fundamentals workshop, contact us today!
