the value of project management eugene c. bounds, pmp secretary/treasurer, pmi board of directors...
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The Value of Project Management
Eugene C. Bounds, PMP Secretary/Treasurer, PMI Board of Directors
NIH Project Management Community
Bethesda, MD13 February 2008
NIH Portfolio: Snapshots
• Facilities
• Electronic grant submission & management
•Bioinformatics and computational biology
ChallengedSucceededFailed
Project Management in IT: room for improvement
• 33% of software investments used to repair projects*
• 56% of projects have cost overruns of >50%**
• 84% of projects have time overruns**
• 53% of organizations do not operate PMO**
*Atlantic Systems Guild**Chaos in 2007, Standish Group
Challenged53%Succeeded
29%
Failed18%
PM challenges cited in ITAA survey of federal CIOs: • Training and retaining staff
• Using consistent methodology across multiple projects
• Establishing metrics to assess progress
• EVM proficiency and integration with PM
• Connecting PM with overall governance
• Managing integration points in separate but related projects
Project Management in IT: room for improvement
PMI: A Voice for Improvement
•Globally recognized standards and credentials
• Developed by experienced PM practitioners
• 260,000 members in 171 countries
Why Organizational Project Management Matters
• Aligns projects with strategic goals
• Focuses on performance
• Improves project time and cost management
• Delivers predictable, repeatable results
Office of Environmental Management
83 clean-up projects
Portfolio value $160 billion (USD)$6B/year
Project Management Maturity:US Dept. Of Energy
DOE’s Waste Disposal Complex
CERCLA Disposal Facility
Regional Low Level Waste Disposal Facility
DOE Generator Site (no on-site disposal facility)
Low Level Waste Operations Disposal Facility
Mixed Low Level Waste Operations Disposal Facility
Legend
Waste Isolation Pilot Plant (WIPP) for Transuranic waste disposal
Yucca Mountain repository for High Level Waste/Spent Nuclear Fuel disposal
Sites are closed
Project Management Maturity
“We are working to utilize the best tools and metrics to ensure successful project performance and promote a robust training agenda for our management and staff.”
James RispoliDOE Assistant Secretary for Environmental Management
December 18, 2007
PM Training at NASA
• Continuous learning
• University and private partners
• Performance support through assessment, workshops, coaching
http://appel.nasa.gov/
Worldwide, organizations will embrace, value and utilize
project management, and attribute their success to it.
© 2008 Project Management Institute, Inc. All rights reserved. Not for further distribution without the express permission of PMI. “PMI,” the PMI logo, “PMP,” and “Making project management indispensable for business results” are registered marks of Project Management Institute Inc. For a comprehensive list of PMI marks, contact the PMI Legal Department.
PMI’s Envisioned Goal