Table of Contents

Projects Are Strategic Investments

Value Still Matters

The Fundamentals Of Business Haven’t Changed

The Need To Quantify Business Results

Modern Day Challenges

Professional Development Game Plan For Success

Strategic Planning – The Foundation For Success

Where Did The Planning Process Go?

The Consequences Of Inadequate Planning

Project Value Alignment With Corporate Strategy

Project Value Alignment With Departmental Strategy

The Leadership Component – More Important Now Than Ever

Professional Development Game Plan For Success

Re-defining The Project Management Lifecycle Approach

The Project-Driven Organization

All Project Have A Lifecycle

Concept Phase

Initiation Phase

Planning Phase

Execution Phase

Controlling

Closeout Phase

Major Shortcomings To This Traditional Lifecycle Approach

The Value-Centric Project Lifecycle Methodology

The Value Attainment Phase

Now the Project Closeout Phase

Professional Development Game Plan For Success

Value Attainment Begins And Ends With The Business Case

The Business Case – The Driving Force Of The Project

A Living Document That Drives Business Value

Approaching The Business Case

Professional Development Game Plan For Success

Effective Stakeholder Management Drives Value

Stakeholders – The Right Team Makes A Difference

Project Sponsor – The Buck Stops Here

Clearly Defining Stakeholder Participation

RASCI Charts To Further Stakeholder Responsibilities

Effective Stakeholder Communications To Drive Value

Professional Development Game Plan For Success

Value Metrics – You Can’t Manage What You Can’t Measure

Applying Value Metrics To Your Projects

Importance Of Labor Metrics In Creating And Sustaining Business Value

Common Value Metrics

Cost Savings Metrics

Business Growth Metrics

Time-Related Metrics

Performance Metrics

Quality Metrics

Professional Development Game Plan For Success

Untapping The Full Value Potential Of Your Projects

Identifying All Of The Appropriate Value Metrics

The Value Metrics Framework

Establish Baseline Metrics

Perform Gap Analysis against Benchmark Data

Determine Target State Value Metrics

Develop Project Solutions around the Target Value Metrics

Refine and Prioritize

Effective Tools And Techniques For Establishing Value Metrics

Interviews

Focus Groups

Data Request Forms

Brainstorming Sessions

Process Maps

Other methods, as needed

Professional Development Game Plan For Success

You Need To Know All The Costs To Accurately Determine The Benefits

Everything Has A Cost

Direct and Indirect Costs

Fixed, Variable and Mixed Costs

Recurring and Non-recurring costs

Professional Development Game Plan For Success

Project Benefits – ROI Contributors And Value Enablers

The Benefits Must Outweigh The Costs

Re-defining Project Benefits

Cost Avoidance And Revenue Protection – ROI Contributors Or Value Enablers?

Evaluating All Possible Outcomes To Determine The Best Project Solution

The Weighted Attribute Scoring Approach to Evaluating Project Solutions

Professional Development Game Plan For Success

Building Cash Flow Models To Setup The ROI Measurements

Concepts That Project Professionals Must Understand

Cash Flow Modeling

Cash Flow Modeling Words of Caution

Time Value Of Money

Compounding

Discounting

Weighted Average Cost Of Capital (WACC)

Depreciation

Income Tax

Discounted Cash Flow (DCF)

Professional Development Game Plan For Success

ROI Financial Measurements

ROI Is Just One Component In The ROI Evaluation

Net Present Value (NPV)

Return On Investment (ROI)

Internal Rate Of Return (IRR)

Payback Period

Sensitivity Analysis To Evaluate Changing Business Variables

Professional Development Game Plan For Success

Achieving Optimal Results In The Value Attainment Phase

Measuring, Achieving And Optimizing Business Value Is A Formal Process

Developing The Value Attainment Plan

Executing The Value Attainment Plan To Achieve Results

Professional Development Game Plan For Success

From Project Closure To Continuous Value Improvement

Beyond The Typical Lessons Learned

Value Attainment Doesn’t Stop!

Professional Development Game Plan For Success

Get Marc’s Book Today!

©2018 Resch Group