Project Management New Trends

Dvir Zohar – Simple CEO

11.1.11

www.rbsprojects.co.il

Project Management Conference for Top Management

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About SimpleWE ASSIST TECHNOLOGY DRIVEN FIRMS TO RUN FASTER

We supply a full project management

solution

Methodology

Tools

Training

Project ManagementOffice (PMO)

Project managers

Our Uniqueness State of the art PM

methodologies (PMBOK, Agile, TOC, MSF and more)

Business orientation Smooth

implementation Fast ROI Simple solutions

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The world is moving on and on

Tech

nology Complexity

Venture Capital

M&A

e- commerce

The world is flat

THE FAST CHANGES

BROUGHT MANY

ADJUSTMENTS INTO

PROJECT MANAGEMENT

Eight main trends in project management in the world and in Israel

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Global Project ManagementTrend 1 –

Global Project ManagementBenefits are high – Low cost, ability to

expand, maintenance activities

If you know how to manage them

World wide competitors enjoy these benefits

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Understanding Culture Differences is not Enough

0102030405060708090 Israel

BrazilHungaryUSAChinaIndia

Geert Hofstede™ Cultural Dimensions - UAI

Recruitment, Planning, monitoring, , deliveries, scope management, HR activities, training for TL, IT….

Process, Process, Process (and PMO)

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Trend 2 – Risk Management

In the world – about 1% of annual sales

In Israel – 0.0?% (we are too busy in fire's extinguishing )

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The main challenge – Project Manager is optimistic

They don’t see all risks They underestimate the risks They are sure that they will succeed to overcome

the risks if/and when they will appear RM takes time and money

Project managers don’t invest enough time in RM

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Risk Management Levels

Simple/small projects (M’s$) - a point model

Complex/large projects – a range model

Complex & large – Full simulations

Damage level

Pro

bab

ilit

y

5

4

3

2

1

7

6

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Quantitative risk analysis using Monte Carlo simulations

What will happen if certain risks occur?

7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2402468

101214161820

Project Duration (months)

47% to achieve target

Prob

abili

ty

Duration (months)

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RM requires processes & resources

Organizational risk methodology Enterprise tools RMO (Risk Management Office) Risk reviews Training

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Trend 3 – Project Portfolio

Management

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Trend 4 – ROI Calculations

(Value Management)

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ROI is much more then Go/No Go

LCC Security Ports Next drop

value4 GUI ServiceLow

High Competitor 1

WECompetitor 2

Realistic budget Valuable features

Alternatives

Risks Key success factors

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Trend 5 – Agile Elements are

Part of Project Management

Trend 7 - Lightweight PM

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Six Lightweight Lessons

Project management - servant, not a master

Start by building a common language

Contextualize project management

Pick your battles carefully

Organizational change

Technology comes last

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Trend 7 – KPI’s & Managerial

Dashboards

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Trend 8 – Professional Project Management Office

(PMO)

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Professional PMO

Monitoring & Risk highlight

Improved Processes

Assitance to managers

Nearly 70% of organizations implementing PMOs report that project success rates have improved significantly as a result.

Gartner Survey (2009)

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Summary – Major PM Trends

Global RM PPM ROI

AgileLight

weightKPI’s PMO