Public Workshops: Curriculum Public Registration Basic PM Simulation: PMP Exam Prep: Visit the Fissure Website: www.fissure.com |
Benefits of Project
Management As
project management professionals we are often asked what is the return on
investment (ROI) for improving project management at our company. Our normal
reply is that in order to measure ROI we have to start by establishing a
baseline of current practices and outcomes. This baseline can be used, not only
as the roadmap for change but periodic measurement could then be taken against
that baseline as improvements are made. This was one of the reasons Fissure
developed its on- line Project
Management Capability Assessment for our consulting practice.
The
fact is even though metrics can be benchmarked, implemented and measured for
almost anything, most companies are hesitant to expend the time needed to
measure their ROI. To many of us this is reminiscent of the early days of
Project Management when the idea of taking time to document requirements and
plan the project were thought unnecessary. Perhaps
with the recent PMI OPM3 initiative organizations will start to see the benefit
of establishing a baseline and measuring ROI. Once the baseline is in place it
should be easier for companies to measure their processes, enabling them to
start measuring the ROI of project management improvements. Until that time we
have to look to surveys for some measure of project management ROI.
The existing surveys we have looked at are outdated, so we are asking you to help us with your input. Results will be published in the next newsletter. |
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Project Management Institute and Leadership Skills Training by Fissure. 12940 Harriet Ave South Suite #250 Burnsville, MN 55337 phone 952.882.0800 toll free 877.877.6333 fax 952.882.9067 © Copyright 2007 Fissure, All Rights Reserved. |
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