Post on 09-Jun-2015
description
PROJECT
MANAGEMENT
BENEFITS
INVESTMENTS
The customer’s goal is to create revenue.
Projects are investments.
Projects are investments. It can be a hotel, a web site,
the launching a new product in the market;
an airport, a new book or a local gym.
The client invested money to achieve a specific goal by:
• Solving a problem,
• Covering an existing need
• Improving the quality of life
It will also create jobs and potentially attract other investors.
a simple project...
a simple project...
with simple requirements
• Duration: 4 months
• Budget: $25,000
• Resources availability: 100%
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
01 02 03 04 05 06 07 08 09
Budgeted cost $25,000 (distributed per month)
Planned duration: 4months
time (months)
cost
$
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month)
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to!
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to!
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to!
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to! You meet here, at this
fragile little point…
*spend some time to consider the project as completed. What would you (like to)
read on the closing report?
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to!
Reporting four months and a week later...
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months
Budgeted cost compared to
actual cost per month.
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months
Budgeted cost compared to
actual cost per month.
The cost remained $25,000
and the are changes only to
monthly cost distribution.
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months
Budgeted cost compared to
actual cost per month.
The cost remained $25,000
and the are changes only to
monthly cost distribution.
The customer can
start focusing on ROI!
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Budgeted cost compared to
actual cost per month.
The cost remained $25,000
and the are changes only to
monthly cost distribution.
Actual duration: 4 months
The customer can
start focusing on ROI!
The paradox:
People tend to take for granted the processes that lead
projects to achieve successfully all the initial requirements.
The paradox:
People tend to take for granted the processes that lead
projects to achieve successfully all the initial requirements.
After applying project management processes and take a
look back, you see nothing more than what it should have
been done.
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to!
Reporting four months and a week later...
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months 2 more months required
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months 2 more months required
Budgeted cost compared
to actual cost per month.
More money required
to finish the project.
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 4 months 2 more months required
Budgeted cost compared
to actual cost per month.
More money required
to finish the project.
Delivering with 2 months delay.
The customer pays more money
and the ROI will delay too.
01 02 03 04 05 06 07 08 09
COSMOS PROJECT MANAGEMENT
time (months)
cost
$
Planned duration: 4months
Budgeted cost compared
to actual cost per month.
More money required
to finish the project.
Actual duration: 4 months 2 more months required
Delivering with 2 months delay.
The customer pays more money
and the ROI will delay too.
“Houston, we have a problem”.
To understand the importance of a project for the
customer, think as you are the customer.
The investment goes further than the project itself.
To understand the importance of a project for the
customer, think as you are the customer.
The investment goes further than the project itself.
Delays on achieving the project objectives, delay the
creation of new jobs and opportunities or the pay back
of the business loans.
COSMOS PROJECT MANAGEMENT
01 02 03 04 05 06 07 08 09
Planned duration: 4months
time (months)
cost
$
Resources availability: 100%
Budgeted cost $25,000 (distributed per month) This is the day the customer
is looking forward to!
Reporting four months and a week later...
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 3months and 2weeks
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 3months and 2weeks
Budgeted cost compared
to actual cost per month.
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 3months and 2weeks
Budgeted cost compared
to actual cost per month.
The project’s cost is $20,000
that means $5,000 under the
original budget!
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Actual duration: 3months and 2weeks
Budgeted cost compared
to actual cost per month.
The project’s cost is $20,000
that means $5,000 under the
original budget!
The customer has already
saved money starts
focusing on ROI earlier!
01 02 03 04 05 06 07 08 09 time (months)
cost
$
Planned duration: 4months
Budgeted cost compared
to actual cost per month.
The project’s cost is $20,000
that means $5,000 under the
original budget!
Actual duration: 3months and 2weeks
The customer has already
saved money starts
focusing on ROI earlier!
Delivering early and under budget the project, is the
way to promote the benefits of project management.
Saving time and money, avoiding to waste resources
and energy.
Delivering early and under budget the project, is the
way to promote the benefits of project management.
Saving time and money, avoiding to waste resources
and energy.
Requires knowledge and experience, but most of all
dedication to the project objectives.
In early, under budget deliveries, everyone is happy:
the customer, the sponsors, the project team
and many other persons for whom this investment
will become an opportunity!
In Brief
In Brief
Projects are investments.
In Brief
Projects are investments.
On time delivery can be CRUSIAL for the
investment.
In Brief
Projects are investments.
Delays can cause irreversible problems.
On time delivery can be CRUSIAL for the
investment.
In Brief
to save time, cost and resources is an asset.
Applying PM process
Projects are investments.
Delays can cause irreversible problems.
On time delivery can be CRUSIAL for the
investment.
In Brief
to save time, cost and resources is an asset.
Applying PM process
Projects are investments.
Delays can cause irreversible problems.
On time delivery can be CRUSIAL for the
investment.
© All rights reserved - Denise Fotopoulou uk.linkedin.com/in/denisefotopoulou/